Retirement Systems of Alabama continued to hold its stake in Qlik Technologies Inc (NASDAQ:QLIK) during the second quarter, Holdings Channel reports. The firm owned 481,000 shares of the company’s stock at the end of the second quarter. Retirement Systems of Alabama’s holdings in Qlik Technologies were worth $14,228,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in Qlik Technologies by 5,369.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,719 shares of the company’s stock valued at $110,000 after buying an additional 3,651 shares in the last quarter. Sphinx Trading LP bought a new position in Qlik Technologies during the second quarter valued at $163,000. BlueMountain Capital Management LLC bought a new position in Qlik Technologies during the first quarter valued at $255,000. NN Investment Partners Holdings N.V. bought a new position in Qlik Technologies during the first quarter valued at $555,000. Finally, Squarepoint Ops LLC increased its position in Qlik Technologies by 164.1% in the first quarter. Squarepoint Ops LLC now owns 34,600 shares of the company’s stock valued at $1,001,000 after buying an additional 21,500 shares in the last quarter.
Shares of Qlik Technologies Inc (NASDAQ:QLIK) remained flat at $30.50 during trading on Friday. Qlik Technologies Inc has a 52-week low of $15.77 and a 52-week high of $40.56. The firm’s 50-day moving average is $30.16 and its 200-day moving average is $28.29.
Qlik Technologies (NASDAQ:QLIK) last posted its earnings results on Thursday, July 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.11. The company earned $180.60 million during the quarter, compared to analysts’ expectations of $145.80 million. Analysts forecast that Qlik Technologies Inc will post $0.60 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. Jefferies Group reissued a “hold” rating and set a $30.50 target price on shares of Qlik Technologies in a research report on Friday, July 29th. Zacks Investment Research downgraded Qlik Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Credit Agricole SA downgraded Qlik Technologies from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 7th. Wedbush downgraded Qlik Technologies from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $30.50 to $35.00 in a research report on Thursday, June 16th. Finally, Brean Capital restated a “hold” rating on shares of Qlik Technologies in a report on Saturday, June 25th. Twenty equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Qlik Technologies presently has an average rating of “Hold” and an average target price of $33.91.
In other Qlik Technologies news, insider Eugene Jackson sold 4,000 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $30.36, for a total transaction of $121,440.00. Following the transaction, the insider now owns 29,000 shares of the company’s stock, valued at approximately $880,440. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Qlik Technologies Company Profile
Zoona is a Zambia-based financial technology company. The Company provides the technology and business support to over 1,000 entrepreneurs across Africa, enabling them to start their own business. The Company offers Kiva, which is a crowd-lending platform. The Company’s mobile money platform enables over 1,000 entrepreneurs to become Zoona Agents.
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