Goldman Sachs Group Inc. lowered its holdings in Barracuda Networks Inc (NYSE:CUDA) by 58.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,947 shares of the communications equipment provider’s stock after selling 243,731 shares during the quarter. Goldman Sachs Group Inc. owned about 0.32% of Barracuda Networks worth $4,673,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pinebridge Investments L.P. purchased a new position in Barracuda Networks during the 3rd quarter worth $121,000. LS Investment Advisors LLC boosted its holdings in Barracuda Networks by 264.7% during the 4th quarter. LS Investment Advisors LLC now owns 5,015 shares of the communications equipment provider’s stock worth $138,000 after acquiring an additional 3,640 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Barracuda Networks during the 3rd quarter worth $212,000. American Capital Management Inc. purchased a new position in Barracuda Networks during the 4th quarter worth $231,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Barracuda Networks during the 3rd quarter worth $275,000. 75.84% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. Imperial Capital lifted their price objective on shares of Barracuda Networks from $22.00 to $27.55 and gave the stock a “line” rating in a report on Wednesday, January 10th. JPMorgan Chase downgraded shares of Barracuda Networks from an “overweight” rating to a “neutral” rating and set a $27.55 price objective on the stock. in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Barracuda Networks from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Robert W. Baird cut Barracuda Networks from an “outperform” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Barracuda Networks currently has an average rating of “Hold” and an average price target of $28.32.
Barracuda Networks (NYSE:CUDA) last released its earnings results on Monday, January 8th. The communications equipment provider reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). The business had revenue of $94.75 million for the quarter, compared to the consensus estimate of $93.85 million. Barracuda Networks had a return on equity of 104.10% and a net margin of 8.21%. analysts anticipate that Barracuda Networks Inc will post 0.31 earnings per share for the current year.
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Barracuda Networks Company Profile
Barracuda Networks, Inc designs and delivers security and data protection solutions. The Company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its solutions are designed to manage information technology operations for its customers.
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