Bank of New York Mellon Corp reduced its stake in shares of Guidance Software, Inc. (NASDAQ:GUID) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,234 shares of the software maker’s stock after selling 1,741 shares during the quarter. Bank of New York Mellon Corp owned about 0.22% of Guidance Software worth $431,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. First Quadrant L P CA acquired a new position in shares of Guidance Software during the 2nd quarter worth about $134,000. Citadel Advisors LLC grew its position in shares of Guidance Software by 38.6% during the 1st quarter. Citadel Advisors LLC now owns 22,707 shares of the software maker’s stock worth $134,000 after buying an additional 6,319 shares during the period. Rhumbline Advisers grew its position in shares of Guidance Software by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 23,953 shares of the software maker’s stock worth $158,000 after buying an additional 260 shares during the period. Trexquant Investment LP acquired a new position in shares of Guidance Software during the 2nd quarter worth about $277,000. Finally, TIAA CREF Investment Management LLC grew its position in shares of Guidance Software by 0.9% during the 1st quarter. TIAA CREF Investment Management LLC now owns 70,814 shares of the software maker’s stock worth $418,000 after buying an additional 622 shares during the period. Institutional investors own 51.78% of the company’s stock.
Guidance Software, Inc. (GUID) opened at 7.07 on Wednesday. Guidance Software, Inc. has a 12 month low of $4.52 and a 12 month high of $7.80. The firm’s market capitalization is $216.10 million. The company has a 50 day moving average price of $7.08 and a 200 day moving average price of $6.58.
Guidance Software (NASDAQ:GUID) last released its earnings results on Tuesday, August 1st. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. Guidance Software had a negative return on equity of 559.09% and a negative net margin of 4.73%. The business had revenue of $24.66 million during the quarter, compared to analysts’ expectations of $27.63 million. Analysts anticipate that Guidance Software, Inc. will post $0.31 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on GUID shares. B. Riley restated a “neutral” rating and set a $7.10 target price on shares of Guidance Software in a research report on Thursday, July 27th. Zacks Investment Research lowered Guidance Software from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Piper Jaffray Companies lowered Guidance Software from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $8.50 to $7.00 in a research report on Wednesday, July 26th. Northland Securities set a $8.00 target price on Guidance Software and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Finally, Gabelli restated a “hold” rating on shares of Guidance Software in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $8.35.
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In related news, major shareholder Shawn Mccreight sold 226,981 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $7.06, for a total transaction of $1,602,485.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 1,025,516 shares of company stock valued at $7,246,628 in the last ninety days. 38.11% of the stock is currently owned by insiders.
About Guidance Software
Guidance Software, Inc is a technology company. The Company is a provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company has five segments, which include Products, Subscription, Professional services, Training and Maintenance.
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