Deutsche Bank AG grew its stake in shares of Alteryx (NYSE:AYX) by 100.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 267,875 shares of the company’s stock after purchasing an additional 134,374 shares during the quarter. Deutsche Bank AG owned approximately 0.45% of Alteryx worth $6,768,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Abdiel Capital Advisors LP increased its holdings in shares of Alteryx by 1.9% in the 4th quarter. Abdiel Capital Advisors LP now owns 4,001,344 shares of the company’s stock valued at $101,114,000 after acquiring an additional 75,000 shares during the period. BlackRock Inc. increased its holdings in shares of Alteryx by 92.0% in the 4th quarter. BlackRock Inc. now owns 1,329,504 shares of the company’s stock valued at $33,596,000 after acquiring an additional 636,948 shares during the period. Keenan Capital LLC acquired a new position in shares of Alteryx in the 4th quarter valued at $23,726,000. Renaissance Technologies LLC increased its holdings in shares of Alteryx by 76.8% in the 4th quarter. Renaissance Technologies LLC now owns 332,898 shares of the company’s stock valued at $8,412,000 after acquiring an additional 144,598 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Alteryx in the 3rd quarter valued at $6,620,000. 33.12% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on AYX shares. Goldman Sachs cut shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 target price on the stock. in a report on Wednesday, January 31st. Zacks Investment Research cut shares of Alteryx from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Bank of America boosted their price objective on shares of Alteryx from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Cowen reissued an “outperform” rating and issued a $34.00 price objective (up from $29.00) on shares of Alteryx in a research note on Thursday, February 22nd. Finally, KeyCorp reissued an “overweight” rating and issued a $35.00 price objective (up from $29.00) on shares of Alteryx in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $25.80.
Shares of AYX opened at $32.56 on Monday. The firm has a market capitalization of $1,926.41 and a price-to-earnings ratio of -105.03. Alteryx has a 1 year low of $14.79 and a 1 year high of $38.88.
Alteryx (NYSE:AYX) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. The company had revenue of $38.60 million for the quarter, compared to analysts’ expectations of $35.89 million. Alteryx had a negative net margin of 13.30% and a negative return on equity of 8.51%. Alteryx’s revenue was up 54.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) EPS. equities research analysts anticipate that Alteryx will post -0.41 earnings per share for the current fiscal year.
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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