Barracuda Networks Inc (CUDA) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in Barracuda Networks Inc (NYSE:CUDA) by 274.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 247,939 shares of the communications equipment provider’s stock after purchasing an additional 181,678 shares during the period. Allianz Asset Management GmbH owned approximately 0.47% of Barracuda Networks worth $6,008,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. AlphaMark Advisors LLC increased its position in shares of Barracuda Networks by 63.7% in the second quarter. AlphaMark Advisors LLC now owns 44,200 shares of the communications equipment provider’s stock worth $1,019,000 after purchasing an additional 17,200 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Barracuda Networks by 10.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,393,043 shares of the communications equipment provider’s stock valued at $32,123,000 after acquiring an additional 129,425 shares during the last quarter. Swiss National Bank grew its position in Barracuda Networks by 51.9% during the second quarter. Swiss National Bank now owns 61,500 shares of the communications equipment provider’s stock valued at $1,418,000 after acquiring an additional 21,000 shares during the last quarter. Vanguard Group Inc. grew its position in Barracuda Networks by 7.5% during the second quarter. Vanguard Group Inc. now owns 2,934,104 shares of the communications equipment provider’s stock valued at $67,660,000 after acquiring an additional 204,731 shares during the last quarter. Finally, Cipher Capital LP grew its position in Barracuda Networks by 91.8% during the third quarter. Cipher Capital LP now owns 141,874 shares of the communications equipment provider’s stock valued at $3,437,000 after acquiring an additional 67,893 shares during the last quarter. Institutional investors own 75.79% of the company’s stock.

In other news, Director Michael D. Perone sold 598,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $25.72, for a total transaction of $15,380,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael D. Perone sold 253,629 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $24.33, for a total value of $6,170,793.57. Following the sale, the director now directly owns 2,151,074 shares of the company’s stock, valued at approximately $52,335,630.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,555,766 shares of company stock valued at $38,784,757. Insiders own 13.90% of the company’s stock.

A number of research analysts have commented on CUDA shares. Robert W. Baird reiterated a “buy” rating and set a $29.00 price target on shares of Barracuda Networks in a research report on Wednesday, October 11th. Rosenblatt Securities reiterated a “buy” rating on shares of Barracuda Networks in a research report on Sunday, October 15th. Piper Jaffray Companies cut shares of Barracuda Networks from an “overweight” rating to a “neutral” rating in a research report on Monday, November 27th. J P Morgan Chase & Co cut shares of Barracuda Networks from an “overweight” rating to a “neutral” rating and set a $27.55 price target on the stock. in a research report on Tuesday, December 12th. Finally, KeyCorp reiterated a “buy” rating and set a $30.00 price target on shares of Barracuda Networks in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.60.

Shares of Barracuda Networks Inc (CUDA) opened at $27.44 on Wednesday. The firm has a market capitalization of $1,472.49, a P/E ratio of 88.61, a PEG ratio of 7.28 and a beta of 3.28. Barracuda Networks Inc has a 52 week low of $19.06 and a 52 week high of $27.95.

Barracuda Networks (NYSE:CUDA) last released its quarterly earnings data on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $94.30 million during the quarter, compared to analyst estimates of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. analysts anticipate that Barracuda Networks Inc will post 0.32 earnings per share for the current fiscal year.

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Barracuda Networks 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.

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Institutional Ownership by Quarter for Barracuda Networks (NYSE:CUDA)

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