Schwab Charles Investment Management Inc. Has $659,000 Stake in Mobileiron Inc (MOBL)

Schwab Charles Investment Management Inc. grew its holdings in shares of Mobileiron Inc (NASDAQ:MOBL) by 31.5% during the second quarter, Holdings Channel reports. The institutional investor owned 148,036 shares of the software maker’s stock after buying an additional 35,500 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Mobileiron were worth $659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MOBL. Northern Trust Corp increased its holdings in Mobileiron by 3.0% in the 1st quarter. Northern Trust Corp now owns 628,951 shares of the software maker’s stock valued at $3,113,000 after buying an additional 18,405 shares during the period. BlackRock Inc. increased its holdings in Mobileiron by 29.6% in the 1st quarter. BlackRock Inc. now owns 3,750,102 shares of the software maker’s stock valued at $18,562,000 after buying an additional 856,636 shares during the period. JPMorgan Chase & Co. increased its holdings in Mobileiron by 78.3% in the 1st quarter. JPMorgan Chase & Co. now owns 678,378 shares of the software maker’s stock valued at $3,358,000 after buying an additional 297,971 shares during the period. Citigroup Inc. increased its holdings in Mobileiron by 452.6% in the 1st quarter. Citigroup Inc. now owns 54,573 shares of the software maker’s stock valued at $270,000 after buying an additional 44,698 shares during the period. Finally, Sei Investments Co. bought a new stake in Mobileiron in the 1st quarter valued at $605,000. 52.34% of the stock is currently owned by hedge funds and other institutional investors.

MOBL opened at $4.53 on Friday. Mobileiron Inc has a twelve month low of $3.35 and a twelve month high of $5.71.

Mobileiron (NASDAQ:MOBL) last posted its earnings results on Tuesday, July 31st. The software maker reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. Mobileiron had a negative net margin of 29.39% and a negative return on equity of 131.24%. The business had revenue of $46.10 million for the quarter, compared to analyst estimates of $45.40 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that Mobileiron Inc will post -0.47 EPS for the current year.

Several equities research analysts have recently weighed in on MOBL shares. BidaskClub raised shares of Mobileiron from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. ValuEngine raised shares of Mobileiron from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, Zacks Investment Research raised shares of Mobileiron from a “sell” rating to a “hold” rating in a report on Saturday, June 23rd. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $6.31.

About Mobileiron

MobileIron, Inc provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.

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Institutional Ownership by Quarter for Mobileiron (NASDAQ:MOBL)

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