State of Tennessee Treasury Department maintained its stake in Shutterfly, Inc. (NASDAQ:SFLY) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,685 shares of the technology company’s stock at the end of the second quarter. State of Tennessee Treasury Department owned about 0.10% of Shutterfly worth $1,505,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its holdings in shares of Shutterfly by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the technology company’s stock worth $656,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Shutterfly by 0.6% in the second quarter. Arizona State Retirement System now owns 17,600 shares of the technology company’s stock worth $836,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Shutterfly by 1.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,160 shares of the technology company’s stock worth $449,000 after buying an additional 150 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Shutterfly by 2.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,940 shares of the technology company’s stock worth $377,000 after buying an additional 200 shares during the period. Finally, Texas Permanent School Fund boosted its position in shares of Shutterfly by 1.2% in the second quarter. Texas Permanent School Fund now owns 24,652 shares of the technology company’s stock worth $1,171,000 after buying an additional 288 shares during the period.

Shares of Shutterfly, Inc. (NASDAQ SFLY) opened at 47.84 on Friday. The company’s 50-day moving average price is $46.45 and its 200-day moving average price is $48.21. Shutterfly, Inc. has a 52-week low of $41.91 and a 52-week high of $53.99. The firm has a market cap of $1.60 billion, a PE ratio of 291.71 and a beta of 0.89.

Shutterfly (NASDAQ:SFLY) last released its earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.13). The firm had revenue of $209.03 million for the quarter, compared to the consensus estimate of $209.46 million. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. Shutterfly’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.48) EPS. Equities analysts expect that Shutterfly, Inc. will post $0.47 earnings per share for the current fiscal year.

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In other Shutterfly news, VP Jason Sebring sold 644 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $48.30, for a total transaction of $31,105.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $46.56, for a total value of $58,200.00. Following the transaction, the insider now owns 1,250 shares of the company’s stock, valued at approximately $58,200. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by corporate insiders.

Several analysts have recently commented on SFLY shares. Zacks Investment Research raised Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research report on Wednesday, June 28th. BidaskClub cut Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 13th. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. TheStreet cut Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $53.00 target price on shares of Shutterfly in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Shutterfly presently has a consensus rating of “Hold” and an average target price of $54.10.

Shutterfly Company Profile

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.

Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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