Shutterfly, Inc. (SFLY) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 10.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,860 shares of the technology company’s stock after selling 6,482 shares during the period. California State Teachers Retirement System’s holdings in Shutterfly were worth $2,611,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Pinebridge Investments L.P. grew its holdings in shares of Shutterfly by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock valued at $211,000 after acquiring an additional 60 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Shutterfly by 2.7% during the 2nd quarter. Amalgamated Bank now owns 4,713 shares of the technology company’s stock valued at $224,000 after acquiring an additional 122 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Shutterfly by 2.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,941 shares of the technology company’s stock valued at $520,000 after acquiring an additional 237 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Shutterfly by 0.7% during the 2nd quarter. Teachers Advisors LLC now owns 102,839 shares of the technology company’s stock valued at $4,885,000 after acquiring an additional 734 shares in the last quarter. Finally, Connors Investor Services Inc. grew its holdings in shares of Shutterfly by 2.0% during the 2nd quarter. Connors Investor Services Inc. now owns 38,806 shares of the technology company’s stock valued at $1,843,000 after acquiring an additional 763 shares in the last quarter.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Zacks Investment Research lowered shares of Shutterfly from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $47.00 price objective on shares of Shutterfly in a research note on Wednesday, October 11th. Aegis reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Shutterfly in a research note on Tuesday, October 24th. Finally, BidaskClub raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $54.00.

Shares of Shutterfly, Inc. (SFLY) opened at $53.08 on Friday. Shutterfly, Inc. has a 52 week low of $39.76 and a 52 week high of $53.99. The stock has a market cap of $1,740.00, a price-to-earnings ratio of -1,061.60 and a beta of 0.84.

Shutterfly (NASDAQ:SFLY) last released its earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.79) by $0.01. The firm had revenue of $195.44 million during the quarter, compared to analyst estimates of $191.65 million. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.86) EPS. equities research analysts predict that Shutterfly, Inc. will post 0.45 earnings per share for the current year.

In other Shutterfly news, SVP Satish Menon sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $42.30, for a total transaction of $1,057,500.00. Following the completion of the transaction, the senior vice president now owns 38,221 shares of the company’s stock, valued at approximately $1,616,748.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ishantha Lokuge sold 7,162 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $48.85, for a total transaction of $349,863.70. Following the transaction, the senior vice president now directly owns 7,162 shares of the company’s stock, valued at approximately $349,863.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,003 shares of company stock valued at $3,060,675. Company insiders own 0.80% of the company’s stock.

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About Shutterfly

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.

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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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