Vanguard Group Inc. increased its holdings in shares of MobileIron, Inc. (NASDAQ:MOBL) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,968,465 shares of the software maker’s stock after acquiring an additional 340,924 shares during the quarter. Vanguard Group Inc. owned about 3.98% of MobileIron worth $17,960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Trust Corp boosted its position in MobileIron by 20.6% during the second quarter. Northern Trust Corp now owns 613,408 shares of the software maker’s stock worth $3,711,000 after acquiring an additional 104,926 shares during the last quarter. Menta Capital LLC boosted its position in MobileIron by 125.1% during the second quarter. Menta Capital LLC now owns 243,374 shares of the software maker’s stock worth $1,472,000 after acquiring an additional 135,275 shares during the last quarter. New York State Common Retirement Fund boosted its position in MobileIron by 20.0% during the second quarter. New York State Common Retirement Fund now owns 42,600 shares of the software maker’s stock worth $258,000 after acquiring an additional 7,099 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in MobileIron by 68.9% during the second quarter. TIAA CREF Investment Management LLC now owns 240,238 shares of the software maker’s stock worth $1,453,000 after acquiring an additional 97,961 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in MobileIron by 38.8% during the second quarter. Teachers Advisors LLC now owns 100,187 shares of the software maker’s stock worth $606,000 after acquiring an additional 28,016 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

MobileIron, Inc. (NASDAQ:MOBL) opened at $3.90 on Friday. MobileIron, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $6.78.

MobileIron (NASDAQ:MOBL) last posted its earnings results on Tuesday, October 31st. The software maker reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $42.72 million during the quarter, compared to analyst estimates of $42.69 million. MobileIron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. equities research analysts expect that MobileIron, Inc. will post -0.62 earnings per share for the current fiscal year.

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A number of research firms recently weighed in on MOBL. Zacks Investment Research lowered shares of MobileIron from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Northland Securities set a $5.00 price target on shares of MobileIron and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Imperial Capital lowered shares of MobileIron from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $5.50 to $4.00 in a research report on Wednesday, October 18th. UBS AG lowered shares of MobileIron from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Finally, BidaskClub lowered shares of MobileIron from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. MobileIron has a consensus rating of “Hold” and a consensus price target of $5.30.

In other MobileIron news, VP Daniel C. Fields sold 15,600 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $3.75, for a total value of $58,500.00. Following the transaction, the vice president now directly owns 423,037 shares in the company, valued at approximately $1,586,388.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel C. Fields sold 52,383 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $3.77, for a total transaction of $197,483.91. Following the completion of the transaction, the vice president now owns 423,037 shares in the company, valued at $1,594,849.49. The disclosure for this sale can be found here. Insiders own 31.70% of the company’s stock.

MobileIron Profile

MobileIron, Inc (MobileIron) provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. The Company’s solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities.

Institutional Ownership by Quarter for MobileIron (NASDAQ:MOBL)

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