Janus Henderson Group PLC Takes Position in Shutterfly, Inc. (NASDAQ:SFLY)

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Janus Henderson Group PLC bought a new position in Shutterfly, Inc. (NASDAQ:SFLY) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,346 shares of the technology company’s stock, valued at approximately $220,000.

Several other hedge funds have also recently modified their holdings of the business. Cerebellum GP LLC acquired a new position in shares of Shutterfly in the first quarter valued at about $320,000. Bank of America Corp DE boosted its position in Shutterfly by 325.7% during the fourth quarter. Bank of America Corp DE now owns 67,433 shares of the technology company’s stock worth $2,715,000 after purchasing an additional 51,594 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Shutterfly by 53.9% in the first quarter. California Public Employees Retirement System now owns 117,522 shares of the technology company’s stock valued at $4,776,000 after acquiring an additional 41,152 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Shutterfly by 83.0% in the first quarter. SG Americas Securities LLC now owns 100,811 shares of the technology company’s stock valued at $4,097,000 after acquiring an additional 45,724 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Shutterfly by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,014 shares of the technology company’s stock valued at $529,000 after acquiring an additional 235 shares in the last quarter.

SFLY has been the subject of several recent research reports. Zacks Investment Research raised Shutterfly from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday, July 17th. Goldman Sachs Group raised Shutterfly from a “sell” rating to a “neutral” rating and set a $45.00 price target for the company in a report on Tuesday, June 11th. Raymond James cut Shutterfly from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 11th. BidaskClub cut Shutterfly from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Aegis cut Shutterfly from a “buy” rating to a “hold” rating in a research report on Monday, June 17th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Shutterfly presently has an average rating of “Hold” and an average target price of $53.83.

In other news, SVP Dennis Gregory Hintz sold 1,047 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $50.54, for a total value of $52,915.38. Following the completion of the transaction, the senior vice president now owns 4,451 shares in the company, valued at $224,953.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Satish Menon sold 11,942 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $53.00, for a total transaction of $632,926.00. Following the completion of the transaction, the senior vice president now owns 11,942 shares of the company’s stock, valued at approximately $632,926. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,160 shares of company stock worth $3,862,303. Company insiders own 2.40% of the company’s stock.

Shutterfly stock opened at $50.82 on Wednesday. The company has a 50 day moving average price of $50.69 and a 200 day moving average price of $46.53. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 16.66 and a beta of 1.25. Shutterfly, Inc. has a 52 week low of $35.08 and a 52 week high of $77.88. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.22 and a current ratio of 1.30.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.23). Shutterfly had a net margin of 0.36% and a return on equity of 4.37%. The company had revenue of $473.42 million for the quarter, compared to the consensus estimate of $475.09 million. Equities analysts forecast that Shutterfly, Inc. will post 0.8 earnings per share for the current fiscal year.

Shutterfly Profile

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home d├ęcor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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