Boston Partners purchased a new position in shares of Quantenna Communications (NASDAQ:QTNA) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 296,650 shares of the technology company’s stock, valued at approximately $4,064,000. Boston Partners owned 0.82% of Quantenna Communications at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Citadel Advisors LLC lifted its holdings in shares of Quantenna Communications by 248.6% during the fourth quarter. Citadel Advisors LLC now owns 149,001 shares of the technology company’s stock worth $1,818,000 after purchasing an additional 106,255 shares during the period. Ellington Management Group LLC acquired a new stake in shares of Quantenna Communications during the fourth quarter worth $322,000. Worth Venture Partners LLC acquired a new stake in shares of Quantenna Communications during the fourth quarter worth $492,000. Thrivent Financial For Lutherans acquired a new stake in shares of Quantenna Communications during the fourth quarter worth $10,008,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Quantenna Communications during the fourth quarter worth $1,976,000. 47.74% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on QTNA. BidaskClub downgraded Quantenna Communications from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Quantenna Communications in a report on Tuesday, February 13th. Dougherty & Co began coverage on Quantenna Communications in a report on Tuesday. They set a “buy” rating and a $20.00 price target for the company. ValuEngine downgraded Quantenna Communications from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research cut Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Quantenna Communications presently has a consensus rating of “Hold” and an average target price of $19.67.
Quantenna Communications (NASDAQ:QTNA) last released its quarterly earnings data on Monday, April 30th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The firm had revenue of $45.10 million during the quarter, compared to analysts’ expectations of $43.92 million. Quantenna Communications had a return on equity of 0.84% and a net margin of 17.46%. Quantenna Communications’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. equities analysts expect that Quantenna Communications will post 0.24 EPS for the current fiscal year.
In other Quantenna Communications news, SVP David William Carroll sold 3,866 shares of the stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $14.00, for a total value of $54,124.00. Following the completion of the transaction, the senior vice president now owns 41,612 shares in the company, valued at $582,568. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 18,346 shares of company stock valued at $265,557 in the last quarter. 13.49% of the stock is currently owned by company insiders.
Quantenna Communications Profile
Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the United States and internationally. The company's solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and draft 802.11ax.
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