Vonage Holdings Corp. (VG) Shares Sold by Strs Ohio

Strs Ohio decreased its stake in shares of Vonage Holdings Corp. (NYSE:VG) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,800 shares of the technology company’s stock after selling 11,300 shares during the period. Strs Ohio owned 0.06% of Vonage Holdings Corp. worth $1,048,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of VG. Vanguard Group Inc. boosted its stake in shares of Vonage Holdings Corp. by 2.2% in the second quarter. Vanguard Group Inc. now owns 20,177,322 shares of the technology company’s stock valued at $131,960,000 after purchasing an additional 437,370 shares during the period. BlackRock Inc. boosted its stake in Vonage Holdings Corp. by 36,952.8% during the 1st quarter. BlackRock Inc. now owns 15,753,734 shares of the technology company’s stock valued at $99,564,000 after acquiring an additional 15,711,217 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Vonage Holdings Corp. by 0.3% during the 2nd quarter. Alliancebernstein L.P. now owns 9,899,093 shares of the technology company’s stock valued at $64,740,000 after acquiring an additional 32,532 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Vonage Holdings Corp. by 6.0% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 7,596,028 shares of the technology company’s stock worth $49,678,000 after buying an additional 427,218 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Vonage Holdings Corp. by 12.2% in the 2nd quarter. First Trust Advisors LP now owns 7,180,454 shares of the technology company’s stock worth $46,960,000 after buying an additional 780,436 shares during the last quarter. 79.06% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on VG shares. Zacks Investment Research downgraded shares of Vonage Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Dougherty & Co reduced their price target on shares of Vonage Holdings Corp. from $10.50 to $8.50 and set a “buy” rating on the stock in a research report on Friday, August 4th. BidaskClub upgraded shares of Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. FBN Securities downgraded shares of Vonage Holdings Corp. from an “outperform” rating to a “sector perform” rating and set a $8.70 price target on the stock. in a research report on Thursday, August 10th. Finally, Robert W. Baird restated a “buy” rating and issued a $9.00 price target on shares of Vonage Holdings Corp. in a research report on Friday, September 1st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Vonage Holdings Corp. currently has a consensus rating of “Buy” and an average price target of $9.16.

In other news, Director Jeffrey A. Citron sold 414,913 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $7.99, for a total transaction of $3,315,154.87. Following the completion of the sale, the director now owns 12,670,751 shares in the company, valued at approximately $101,239,300.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David T. Pearson sold 198,350 shares of Vonage Holdings Corp. stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $8.07, for a total transaction of $1,600,684.50. Following the completion of the sale, the chief financial officer now owns 216,119 shares of the company’s stock, valued at approximately $1,744,080.33. The disclosure for this sale can be found here. Insiders have sold a total of 1,581,392 shares of company stock valued at $12,777,047 in the last 90 days. Insiders own 14.05% of the company’s stock.

Shares of Vonage Holdings Corp. (NYSE:VG) opened at $8.03 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.59. The firm has a market cap of $1.83 billion, a PE ratio of 34.61, a P/E/G ratio of 5.74 and a beta of -0.14. Vonage Holdings Corp. has a twelve month low of $5.74 and a twelve month high of $8.69.

WARNING: This article was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.com-unik.info/2017/11/04/vonage-holdings-corp-vg-shares-sold-by-strs-ohio.html.

Vonage Holdings Corp. Company Profile

Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and communication solutions across multiple devices. The Company operates through two segments: Business and Consumer. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration, and mobile applications over its scalable session initiation protocol (SIP) based voice over Internet protocol (VoIP) network.

Institutional Ownership by Quarter for Vonage Holdings Corp. (NYSE:VG)

What are top analysts saying about Vonage Holdings Corp.? - 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 Vonage Holdings Corp. 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