Aperio Group LLC Purchases 4,421 Shares of Carbonite, Inc. (CARB)
Aperio Group LLC boosted its position in Carbonite, Inc. (NASDAQ:CARB) by 29.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,423 shares of the technology company’s stock after buying an additional 4,421 shares during the period. Aperio Group LLC owned approximately 0.07% of Carbonite worth $423,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in Carbonite by 5.5% in the first quarter. Legal & General Group Plc now owns 5,050 shares of the technology company’s stock worth $101,000 after buying an additional 265 shares during the period. American International Group Inc. increased its position in Carbonite by 7.1% in the first quarter. American International Group Inc. now owns 10,951 shares of the technology company’s stock worth $222,000 after buying an additional 728 shares during the period. Stifel Financial Corp purchased a new position in Carbonite during the first quarter worth $251,000. Benjamin F. Edwards & Company Inc. purchased a new position in Carbonite during the first quarter worth $261,000. Finally, Alliancebernstein L.P. increased its position in Carbonite by 4.9% in the first quarter. Alliancebernstein L.P. now owns 12,850 shares of the technology company’s stock worth $261,000 after buying an additional 600 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.
Carbonite, Inc. (CARB) traded up 0.660% during midday trading on Tuesday, hitting $19.075. The stock had a trading volume of 59,837 shares. The stock has a market capitalization of $530.27 million, a PE ratio of 908.333 and a beta of 0.13. Carbonite, Inc. has a 1-year low of $13.43 and a 1-year high of $24.60. The stock’s 50-day moving average is $21.70 and its 200-day moving average is $20.66.
Carbonite (NASDAQ:CARB) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. Carbonite had a return on equity of 36.43% and a net margin of 0.29%. The company had revenue of $59 million during the quarter, compared to analyst estimates of $59.97 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities research analysts anticipate that Carbonite, Inc. will post $0.76 EPS for the current fiscal year.
A number of equities analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $26.00 price target on shares of Carbonite in a research report on Monday, August 7th. Barclays PLC reaffirmed an “equal weight” rating and set a $27.00 price target (up previously from $26.00) on shares of Carbonite in a research report on Friday, August 4th. BidaskClub raised Carbonite from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, TheStreet raised Carbonite from a “d+” rating to a “c+” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Carbonite presently has an average rating of “Buy” and a consensus price target of $24.43.
In related news, VP Danielle Sheer sold 4,810 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $21.65, for a total transaction of $104,136.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Norman Guadagno sold 2,489 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $21.65, for a total value of $53,886.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,071 shares of company stock valued at $1,079,593. 12.20% of the stock is owned by corporate insiders.
Carbonite, Inc provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service (DRaaS) and e-mail archiving. The Company’s solutions provide enterprise-grade data protection and recovery capabilities to its customers. The Company’s small and medium-sized businesses (SMBs) plans include Carbonite Computer Backup; Carbonite Server Backup, such as Carbonite Office Power and Carbonite Office Ultimate; EVault Cloud Backup; DRaaS, and e-mail archiving.
Receive News & Ratings for Carbonite Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbonite Inc. and related companies with MarketBeat.com's FREE daily email newsletter.