Prudential Financial Inc. reduced its holdings in Shutterfly, Inc. (NASDAQ:SFLY) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,621 shares of the technology company’s stock after selling 870 shares during the period. Prudential Financial Inc. owned about 0.19% of Shutterfly worth $3,022,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. purchased a new stake in shares of Shutterfly in the 1st quarter valued at $8,546,000. Great West Life Assurance Co. Can boosted its holdings in shares of Shutterfly by 3.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 49,217 shares of the technology company’s stock valued at $2,336,000 after acquiring an additional 1,840 shares during the last quarter. Pivot Point Capital Partners LLC purchased a new stake in shares of Shutterfly in the 1st quarter valued at $3,998,000. Karp Capital Management Corp purchased a new stake in shares of Shutterfly in the 1st quarter valued at $458,000. Finally, Koch Industries Inc. purchased a new stake in shares of Shutterfly in the 1st quarter valued at $259,000.

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Several analysts have recently commented on the stock. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a report on Friday, July 28th. TheStreet downgraded shares of Shutterfly from a “b-” rating to a “c+” rating in a report on Tuesday, June 13th. BidaskClub downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Shutterfly in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.10.

Shutterfly, Inc. (NASDAQ:SFLY) opened at 47.45 on Monday. The firm has a market capitalization of $1.58 billion, a PE ratio of 289.33 and a beta of 0.89. Shutterfly, Inc. has a 1-year low of $41.91 and a 1-year high of $53.99. The company has a 50 day moving average of $46.45 and a 200 day moving average of $48.21.

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

In related news, VP Jason Sebring sold 644 shares of Shutterfly stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.30, for a total value of $31,105.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of Shutterfly stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $46.56, for a total transaction of $58,200.00. Following the completion of the transaction, the insider now owns 1,250 shares in the company, valued at $58,200. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

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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