Royce & Associates LP Buys New Position in Quantenna Communications Inc (QTNA)

Royce & Associates LP bought a new position in shares of Quantenna Communications Inc (NASDAQ:QTNA) during the third quarter, according to its most recent filing with the SEC. The fund bought 22,500 shares of the technology company’s stock, valued at approximately $378,000. Royce & Associates LP owned 0.06% of Quantenna Communications at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Quantenna Communications by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,122,726 shares of the technology company’s stock worth $18,817,000 after acquiring an additional 170,542 shares during the last quarter. FMR LLC increased its holdings in Quantenna Communications by 88.1% in the 2nd quarter. FMR LLC now owns 984,434 shares of the technology company’s stock worth $18,704,000 after acquiring an additional 461,023 shares during the last quarter. Vanguard Group Inc. increased its holdings in Quantenna Communications by 90.8% in the 2nd quarter. Vanguard Group Inc. now owns 611,732 shares of the technology company’s stock worth $11,622,000 after acquiring an additional 291,167 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Quantenna Communications by 90.0% in the 3rd quarter. Wells Fargo & Company MN now owns 514,295 shares of the technology company’s stock worth $8,646,000 after acquiring an additional 243,655 shares during the last quarter. Finally, Cortina Asset Management LLC increased its holdings in Quantenna Communications by 31.7% in the 3rd quarter. Cortina Asset Management LLC now owns 473,767 shares of the technology company’s stock worth $7,964,000 after acquiring an additional 114,148 shares during the last quarter. Institutional investors own 37.84% of the company’s stock.

QTNA has been the subject of several recent research reports. Zacks Investment Research lowered Quantenna Communications from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Roth Capital reduced their target price on Quantenna Communications from $27.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Needham & Company LLC reduced their target price on Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 7th. ValuEngine lowered Quantenna Communications from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Barclays lowered Quantenna Communications to an “equal weight” rating in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $20.00.

In other news, Chairman Sam Heidari sold 2,800 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $16.88, for a total transaction of $47,264.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lionel Bonnot sold 8,000 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $15.99, for a total value of $127,920.00. Following the transaction, the senior vice president now directly owns 25,184 shares of the company’s stock, valued at approximately $402,692.16. The disclosure for this sale can be found here. Insiders have sold 88,699 shares of company stock valued at $1,327,659 in the last three months. 22.62% of the stock is owned by insiders.

Quantenna Communications Inc (QTNA) opened at $11.49 on Friday. The company has a current ratio of 4.06, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $393.45 and a PE ratio of 229.80. Quantenna Communications Inc has a twelve month low of $9.60 and a twelve month high of $25.45.

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About Quantenna Communications

Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.

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Institutional Ownership by Quarter for Quantenna Communications (NASDAQ:QTNA)

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