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.

Institutional Ownership by Quarter for Barracuda Networks (NYSE:CUDA)

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