Cubist Systematic Strategies LLC Has $598,000 Holdings in Mimecast Ltd (MIME)

Cubist Systematic Strategies LLC boosted its holdings in shares of Mimecast Ltd (NASDAQ:MIME) by 94.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,050 shares of the technology company’s stock after purchasing an additional 10,238 shares during the period. Cubist Systematic Strategies LLC’s holdings in Mimecast were worth $598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MIME. ETF Managers Group LLC bought a new position in Mimecast during the second quarter worth about $17,278,000. Brown Advisory Inc. raised its stake in shares of Mimecast by 23.1% in the third quarter. Brown Advisory Inc. now owns 1,671,109 shares of the technology company’s stock valued at $47,492,000 after acquiring an additional 313,455 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Mimecast by 83.0% in the second quarter. Renaissance Technologies LLC now owns 684,600 shares of the technology company’s stock valued at $18,334,000 after acquiring an additional 310,500 shares during the last quarter. FMR LLC bought a new position in shares of Mimecast in the second quarter valued at approximately $7,983,000. Finally, Columbus Circle Investors raised its stake in shares of Mimecast by 35.1% in the third quarter. Columbus Circle Investors now owns 984,785 shares of the technology company’s stock valued at $27,988,000 after acquiring an additional 256,023 shares during the last quarter. Hedge funds and other institutional investors own 58.66% of the company’s stock.

Mimecast Ltd (MIME) opened at $28.73 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.32. Mimecast Ltd has a 1 year low of $16.75 and a 1 year high of $32.00. The firm has a market cap of $1,650.00 and a P/E ratio of -169.00.

A number of research firms have recently issued reports on MIME. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Mimecast in a research note on Tuesday, September 12th. BidaskClub upgraded shares of Mimecast from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Deutsche Bank began coverage on shares of Mimecast in a research note on Tuesday, December 19th. They issued a “buy” rating and a $35.00 target price for the company. Zacks Investment Research cut shares of Mimecast from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Jefferies Group reiterated a “buy” rating and issued a $35.00 target price on shares of Mimecast in a research note on Sunday, September 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.92.

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Mimecast 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.

Institutional Ownership by Quarter for Mimecast (NASDAQ:MIME)

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