Attunity (ATTU) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Attunity (NASDAQ:ATTU) from a strong sell rating to a hold rating in a research report released on Tuesday.

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. “

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A number of other equities research analysts have also weighed in on ATTU. ValuEngine upgraded shares of Attunity from a sell rating to a hold rating in a research note on Friday, March 2nd. Needham & Company LLC assumed coverage on shares of Attunity in a research report on Monday, December 11th. They set a buy rating and a $13.00 price objective for the company. Finally, William Blair assumed coverage on shares of Attunity in a research report on Monday, December 18th. They set an outperform rating for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Attunity presently has an average rating of Buy and a consensus price target of $13.00.

ATTU traded down $0.07 during mid-day trading on Tuesday, reaching $7.14. 498 shares of the company traded hands, compared to its average volume of 34,209. The firm has a market cap of $150.31, a PE ratio of -23.23 and a beta of 1.47. Attunity has a 52-week low of $6.25 and a 52-week high of $8.24.

Attunity (NASDAQ:ATTU) last announced its earnings results on Thursday, February 1st. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The company had revenue of $18.28 million for the quarter, compared to analysts’ expectations of $17.84 million. Attunity had a negative net margin of 10.81% and a negative return on equity of 14.54%. research analysts expect that Attunity will post -0.16 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Perkins Capital Management Inc. bought a new stake in shares of Attunity during the 4th quarter valued at $419,000. Deutsche Bank AG boosted its holdings in Attunity by 100.4% in the 4th quarter. Deutsche Bank AG now owns 70,956 shares of the technology company’s stock worth $495,000 after buying an additional 35,556 shares during the period. 1492 Capital Management LLC bought a new position in Attunity in the 4th quarter worth $628,000. Renaissance Technologies LLC boosted its holdings in Attunity by 24.5% in the 4th quarter. Renaissance Technologies LLC now owns 225,700 shares of the technology company’s stock worth $1,575,000 after buying an additional 44,400 shares during the period. Finally, Penn Capital Management Co. Inc. bought a new position in Attunity in the 4th quarter worth $1,811,000. 26.34% of the stock is owned by hedge funds and other institutional investors.

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About Attunity

Attunity Ltd (Attunity) is a provider of Big Data management software solutions that enable access, management, sharing and distribution of data across heterogeneous enterprise platforms, organizations and the cloud. The Company’s software solutions include data replication and distribution (Attunity Replicate, change data capture (CDC) and Attunity Gold Client Solutions), test data management (Attunity Gold Client Solutions), data connectivity (Attunity Connect), enterprise file replication (AttunityRepliWeb), managed-file-transfer (Attunity MFT), data warehouse automation (Attunity Compose), data usage analytics (Attunity Visibility) and cloud data delivery (AttunityCloudBeam).

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