Cortina Asset Management LLC Has $6.01 Million Stake in Mimecast Limited (MIME)

Cortina Asset Management LLC lessened its position in Mimecast Limited (NASDAQ:MIME) by 28.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,615 shares of the technology company’s stock after selling 84,784 shares during the period. Cortina Asset Management LLC owned about 0.37% of Mimecast Limited worth $6,014,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MIME. Bank of America Corp DE raised its position in shares of Mimecast Limited by 45.2% in the first quarter. Bank of America Corp DE now owns 13,111 shares of the technology company’s stock valued at $294,000 after buying an additional 4,083 shares during the last quarter. US Bancorp DE raised its position in shares of Mimecast Limited by 11.9% in the second quarter. US Bancorp DE now owns 7,155 shares of the technology company’s stock valued at $192,000 after buying an additional 759 shares during the last quarter. Spark Investment Management LLC raised its position in shares of Mimecast Limited by 21.3% in the second quarter. Spark Investment Management LLC now owns 151,200 shares of the technology company’s stock valued at $4,049,000 after buying an additional 26,500 shares during the last quarter. Essex Investment Management Co. LLC raised its position in shares of Mimecast Limited by 254.9% in the second quarter. Essex Investment Management Co. LLC now owns 93,886 shares of the technology company’s stock valued at $2,514,000 after buying an additional 67,432 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Mimecast Limited in the second quarter valued at approximately $5,266,000. 54.69% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on MIME shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 price objective (up previously from $33.00) on shares of Mimecast Limited in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Mimecast Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Needham & Company LLC restated a “buy” rating and issued a $35.00 target price on shares of Mimecast Limited in a report on Tuesday, September 12th. Jefferies Group LLC restated a “buy” rating and issued a $38.00 target price on shares of Mimecast Limited in a report on Friday, November 10th. Finally, Barclays PLC boosted their target price on shares of Mimecast Limited from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $32.83.

Mimecast Limited (NASDAQ:MIME) traded up $0.01 during trading on Thursday, reaching $30.70. 188,600 shares of the company were exchanged, compared to its average volume of 296,208. Mimecast Limited has a 52-week low of $16.75 and a 52-week high of $32.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.32.

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Mimecast Limited Company Profile

Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.

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Institutional Ownership by Quarter for Mimecast Limited (NASDAQ:MIME)

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