Attunity (ATTU) Upgraded to “Buy” at Zacks Investment Research

Attunity (NASDAQ:ATTU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $26.00 target price on the technology company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.54% from the company’s previous close.

According to Zacks, “Attunity is the leading provider of service-orientated software and solutions in the Workplace Applications market. Using Attunity’s software, companies can seamlessly and efficiently connect, transfer, join and stream to and from virtually any data source in real-time, and subsequently use that data to rapidly configure and deploy management-focused Workplace Applications. With successful deployments at thousands of organizations worldwide, Attunity has over seveteen years experience of providing enterprise-class software, both directly and indirectly through a number of strategic and OEM agreements with global-class partners such as HP, IBM, Microsoft, Oracle, Business Objects and Cognos. Listed on Nasdaq and with a worldwide headquarters in Boston, USA, Attunity serves its customers via offices in North America, Europe, Middle East, China and Australia, as well as through a network of local partners. “

A number of other equities analysts have also recently weighed in on the stock. ValuEngine cut shares of Attunity from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Roth Capital cut shares of Attunity from a “buy” rating to a “neutral” rating in a research note on Thursday, February 21st. BidaskClub cut shares of Attunity from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Craig Hallum cut shares of Attunity from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Attunity has an average rating of “Buy” and an average target price of $24.75.

Shares of NASDAQ:ATTU traded down $0.02 on Tuesday, reaching $23.31. 289,344 shares of the company were exchanged, compared to its average volume of 843,657. Attunity has a 1-year low of $6.97 and a 1-year high of $27.32. The stock has a market cap of $498.80 million, a PE ratio of 72.84, a price-to-earnings-growth ratio of 3.22 and a beta of 1.95.

Attunity (NASDAQ:ATTU) last posted its quarterly earnings results on Thursday, January 31st. The technology company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.10. Attunity had a net margin of 6.95% and a return on equity of 11.23%. The business had revenue of $25.98 million for the quarter, compared to analysts’ expectations of $23.70 million. On average, analysts forecast that Attunity will post 0.29 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of ATTU. Oberweis Asset Management Inc. acquired a new stake in Attunity in the 4th quarter valued at about $19,406,000. Disciplined Growth Investors Inc. MN purchased a new position in Attunity in the 3rd quarter valued at about $5,441,000. Morgan Stanley lifted its holdings in Attunity by 13,631.7% in the 3rd quarter. Morgan Stanley now owns 213,116 shares of the technology company’s stock valued at $4,025,000 after purchasing an additional 211,564 shares in the last quarter. PEAK6 Investments LLC purchased a new position in Attunity in the 3rd quarter valued at about $1,825,000. Finally, EAM Investors LLC purchased a new position in Attunity in the 3rd quarter valued at about $1,274,000. 51.42% of the stock is currently owned by hedge funds and other institutional investors.

Attunity Company Profile

Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

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