9,656 Shares in Barracuda Networks, Inc. (NYSE:CUDA) Acquired by Paloma Partners Management Co

Paloma Partners Management Co bought a new stake in shares of Barracuda Networks, Inc. (NYSE:CUDA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,656 shares of the communications equipment provider’s stock, valued at approximately $223,000.

A number of other hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of Barracuda Networks by 23.7% in the first quarter. AQR Capital Management LLC now owns 252,204 shares of the communications equipment provider’s stock valued at $5,829,000 after buying an additional 48,302 shares during the period. Gotham Asset Management LLC raised its position in shares of Barracuda Networks by 2.5% in the first quarter. Gotham Asset Management LLC now owns 35,109 shares of the communications equipment provider’s stock valued at $811,000 after buying an additional 871 shares during the period. Weiss Multi Strategy Advisers LLC acquired a new position in shares of Barracuda Networks during the first quarter valued at approximately $1,387,000. Schwab Charles Investment Management Inc. raised its position in shares of Barracuda Networks by 89.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 190,862 shares of the communications equipment provider’s stock valued at $4,411,000 after buying an additional 90,269 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Barracuda Networks by 64.1% in the first quarter. Renaissance Technologies LLC now owns 1,135,695 shares of the communications equipment provider’s stock valued at $26,246,000 after buying an additional 443,495 shares during the period. Institutional investors own 61.61% of the company’s stock.

Barracuda Networks, Inc. (NYSE CUDA) traded up 1.46% on Friday, hitting $23.64. The stock had a trading volume of 666,498 shares. The firm has a market cap of $1.25 billion, a PE ratio of 124.42 and a beta of 3.30. The company’s 50 day moving average is $23.16 and its 200 day moving average is $22.74. Barracuda Networks, Inc. has a 12-month low of $19.06 and a 12-month high of $26.69.

Barracuda Networks (NYSE:CUDA) last released its quarterly earnings results on Monday, July 10th. The communications equipment provider reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Barracuda Networks had a negative return on equity of 1,770.56% and a net margin of 2.81%. The business had revenue of $94.18 million for the quarter, compared to analysts’ expectations of $91.18 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that Barracuda Networks, Inc. will post $0.76 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “9,656 Shares in Barracuda Networks, Inc. (NYSE:CUDA) Acquired by Paloma Partners Management Co” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.com-unik.info/2017/08/19/paloma-partners-management-co-takes-position-in-barracuda-networks-inc-nysecuda-updated-updated-updated.html.

CUDA has been the topic of several research reports. Piper Jaffray Companies reissued an “overweight” rating and set a $28.00 target price (down previously from $29.00) on shares of Barracuda Networks in a research note on Wednesday, July 12th. Robert W. Baird reissued a “buy” rating on shares of Barracuda Networks in a research note on Tuesday, July 11th. Pacific Crest reissued an “overweight” rating and set a $30.00 target price on shares of Barracuda Networks in a research note on Wednesday, June 28th. Rosenblatt Securities reissued a “buy” rating and set a $30.00 target price on shares of Barracuda Networks in a research note on Monday, June 26th. Finally, BTIG Research reissued a “buy” rating and set a $30.00 target price on shares of Barracuda Networks in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $26.59.

In related news, CFO Dustin Driggs sold 1,250 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $22.02, for a total value of $27,525.00. Following the completion of the sale, the chief financial officer now directly owns 105,467 shares of the company’s stock, valued at $2,322,383.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael D. Perone sold 236,987 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $24.02, for a total value of $5,692,427.74. Following the completion of the sale, the director now directly owns 2,988,898 shares of the company’s stock, valued at $71,793,329.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 896,778 shares of company stock worth $21,563,162. Insiders own 13.90% of the company’s stock.

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)

What are top analysts saying about Barracuda Networks Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Barracuda Networks Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit