Engineers Gate Manager LP decreased its position in Barracuda Networks Inc (NYSE:CUDA) by 82.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,275 shares of the communications equipment provider’s stock after selling 48,426 shares during the quarter. Engineers Gate Manager LP’s holdings in Barracuda Networks were worth $283,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC raised its position in shares of Barracuda Networks by 23.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 13,471 shares of the communications equipment provider’s stock valued at $370,000 after purchasing an additional 2,541 shares during the period. FNY Partners Fund LP bought a new position in shares of Barracuda Networks in the fourth quarter valued at approximately $871,000. SG Americas Securities LLC bought a new position in shares of Barracuda Networks in the fourth quarter valued at approximately $362,000. American Capital Management Inc. bought a new position in Barracuda Networks during the fourth quarter worth $231,000. Finally, Piedmont Investment Advisors LLC bought a new position in Barracuda Networks during the third quarter worth $212,000. 75.84% of the stock is currently owned by institutional investors.
In other Barracuda Networks news, SVP Michael D. Hughes sold 1,390 shares of Barracuda Networks stock in a transaction on Friday, November 17th. The shares were sold at an average price of $21.97, for a total transaction of $30,538.30. Following the sale, the senior vice president now owns 155,118 shares in the company, valued at $3,407,942.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.90% of the stock is owned by insiders.
Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings results on Monday, January 8th. The communications equipment provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). Barracuda Networks had a return on equity of 74.59% and a net margin of 4.09%. The business had revenue of $94.75 million for the quarter, compared to analyst estimates of $93.85 million. equities research analysts expect that Barracuda Networks Inc will post 0.31 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Barracuda Networks from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Imperial Capital boosted their target price on shares of Barracuda Networks from $22.00 to $27.55 and gave the stock a “line” rating in a research report on Wednesday, January 10th. Robert W. Baird lowered shares of Barracuda Networks from an “outperform” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Tuesday, January 9th. JPMorgan Chase & Co. lowered shares of Barracuda Networks from an “overweight” rating to a “neutral” rating and set a $27.55 target price on the stock. in a research report on Tuesday, December 12th. Finally, Stephens lowered shares of Barracuda Networks from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Barracuda Networks presently has an average rating of “Hold” and a consensus price target of $28.19.
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About Barracuda Networks
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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