Shine Investment Advisory Services Inc. acquired a new stake in Alteryx, Inc. (NYSE:AYX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 35,677 shares of the company’s stock, valued at approximately $727,000. Shine Investment Advisory Services Inc. owned 0.06% of Alteryx as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in Alteryx during the first quarter worth $1,916,000. JPMorgan Chase & Co. bought a new stake in Alteryx during the first quarter worth $1,560,000. Capital World Investors lifted its holdings in Alteryx by 16.9% during the second quarter. Capital World Investors now owns 1,444,433 shares of the company’s stock worth $28,195,000 after acquiring an additional 209,108 shares during the period. Tygh Capital Management Inc. lifted its holdings in Alteryx by 1,668.0% during the second quarter. Tygh Capital Management Inc. now owns 353,590 shares of the company’s stock worth $6,902,000 after acquiring an additional 333,590 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Alteryx during the first quarter worth $286,000. 16.54% of the stock is owned by hedge funds and other institutional investors.
Alteryx, Inc. (NYSE AYX) traded up $0.25 during trading on Monday, reaching $22.25. The company had a trading volume of 26,797 shares, compared to its average volume of 239,192.
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In related news, Chairman Dean Stoecker sold 600,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $20.24, for a total value of $12,144,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel acquired 60,000 shares of Alteryx stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average cost of $18.98 per share, for a total transaction of $1,138,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 2,399,604 shares of company stock worth $50,797,413 and have sold 7,700,000 shares worth $155,848,000.
AYX has been the topic of several research reports. Zacks Investment Research upgraded Alteryx from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, August 8th. KeyCorp restated a “buy” rating and issued a $24.00 target price on shares of Alteryx in a research note on Friday, September 22nd. Finally, Bank of America Corporation initiated coverage on Alteryx in a research note on Monday, October 16th. They issued a “buy” rating and a $26.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Alteryx currently has a consensus rating of “Buy” and an average target price of $21.00.
Alteryx Company Profile
Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.
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