Rhumbline Advisers Has $1.45 Million Holdings in Barracuda Networks, Inc. (CUDA)
Rhumbline Advisers boosted its position in shares of Barracuda Networks, Inc. (NYSE:CUDA) by 127.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,940 shares of the communications equipment provider’s stock after acquiring an additional 33,610 shares during the period. Rhumbline Advisers owned about 0.11% of Barracuda Networks worth $1,452,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Barracuda Networks by 121.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,486 shares of the communications equipment provider’s stock valued at $933,000 after buying an additional 21,090 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Barracuda Networks in the 3rd quarter valued at $367,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Barracuda Networks by 109.8% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 15,474 shares of the communications equipment provider’s stock valued at $375,000 after buying an additional 8,100 shares in the last quarter. Scout Investments Inc. acquired a new position in shares of Barracuda Networks in the 3rd quarter valued at $2,642,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Barracuda Networks by 1,011.8% in the 3rd quarter. Principal Financial Group Inc. now owns 333,588 shares of the communications equipment provider’s stock valued at $8,083,000 after buying an additional 303,583 shares in the last quarter. Institutional investors own 75.79% of the company’s stock.
Shares of Barracuda Networks, Inc. (CUDA) opened at $27.80 on Thursday. The firm has a market cap of $1,477.85, a price-to-earnings ratio of 88.93, a P/E/G ratio of 7.35 and a beta of 3.28. Barracuda Networks, Inc. has a 52 week low of $19.06 and a 52 week high of $27.95.
Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. The firm had revenue of $94.30 million during the quarter, compared to analysts’ expectations of $93.32 million. Barracuda Networks had a net margin of 2.52% and a return on equity of 197.30%. Barracuda Networks’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. research analysts expect that Barracuda Networks, Inc. will post 0.31 earnings per share for the current year.
Several research analysts have recently issued reports on the stock. J P Morgan Chase & Co restated a “buy” rating and issued a $35.00 target price on shares of Barracuda Networks in a report on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating and issued a $32.00 target price on shares of Barracuda Networks in a report on Tuesday, September 12th. BidaskClub upgraded shares of Barracuda Networks from a “sell” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $30.00 target price on shares of Barracuda Networks in a report on Friday, November 10th. Finally, Rosenblatt Securities cut shares of Barracuda Networks from a “buy” rating to a “neutral” rating in a report on Monday, November 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.60.
In other Barracuda Networks news, Director Michael D. Perone sold 108,258 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $25.77, for a total transaction of $2,789,808.66. Following the completion of the transaction, the director now owns 1,378,038 shares in the company, valued at approximately $35,512,039.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William D. Jenkins, Jr. sold 16,500 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $24.30, for a total transaction of $400,950.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,879,289 shares of company stock valued at $46,711,195. 13.90% of the stock is owned by insiders.
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Barracuda Networks Company Profile
Barracuda Networks, Inc designs and delivers security and data protection solutions. The Company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its solutions are designed to manage information technology operations for its customers.
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