11,878 Shares in Marketo Inc (MKTO) Acquired by Capital Fund Management S.A.
Capital Fund Management S.A. acquired a new position in shares of Marketo Inc (NASDAQ:MKTO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,878 shares of the company’s stock, valued at approximately $414,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MKTO. BlackRock Institutional Trust Company N.A. boosted its stake in Marketo by 5.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 992,620 shares of the company’s stock worth $19,426,000 after buying an additional 50,251 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Marketo by 6,503.3% in the first quarter. Goldman Sachs Group Inc. now owns 630,223 shares of the company’s stock valued at $12,333,000 after buying an additional 620,679 shares in the last quarter. Murphy Michael R acquired a new stake in shares of Marketo during the first quarter valued at about $7,492,000. First Republic Investment Management Inc. boosted its stake in shares of Marketo by 104.4% in the first quarter. First Republic Investment Management Inc. now owns 340,371 shares of the company’s stock valued at $6,662,000 after buying an additional 173,889 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Marketo by 3.3% in the first quarter. TIAA CREF Investment Management LLC now owns 153,501 shares of the company’s stock valued at $3,004,000 after buying an additional 4,951 shares in the last quarter.
Shares of Marketo Inc (NASDAQ:MKTO) remained flat at $35.25 during midday trading on Thursday. Marketo Inc has a 12-month low of $12.86 and a 12-month high of $35.30. The firm’s 50 day moving average is $35.02 and its 200-day moving average is $26.18.
MKTO has been the subject of several research reports. Zacks Investment Research cut shares of Marketo from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. JMP Securities cut shares of Marketo from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 15th. Seventeen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.49.
In other Marketo news, EVP Steven M. Winter sold 2,656 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $35.15, for a total transaction of $93,358.40. Following the completion of the transaction, the executive vice president now directly owns 84,350 shares in the company, valued at approximately $2,964,902.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Marketo, Inc is a United States-based provider of a cloud-based Engagement Marketing software platform, which enables organizations to involve in engagement marketing. The Company’s platform offers a range applications across various categories, including Marketing Automation, which helps to organize personalized multi-channel marketing campaigns and workflows; Email Marketing, which provides the ability to tap the insights captured in the Audience Hub to send e-mail messages; Mobile Engagement, which engages customers on their mobile devices; Digital Ads, which allows marketers to focus on behavioral data captured in the Audience Hub for personalized digital advertisements; Web Personalization, which helps in personalizing experiences to engage people; Marketing Analytics; Predictive Content, which discovers Website assets, such as e-books and case studies; Marketing Calendar, and Sales Insight.
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