Instructure Inc (INST) Stake Raised by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of Instructure Inc (NYSE:INST) by 40.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,148 shares of the technology company’s stock after purchasing an additional 108,061 shares during the period. Northern Trust Corp owned about 1.08% of Instructure worth $16,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new stake in Instructure in the 2nd quarter worth about $103,000. Great West Life Assurance Co. Can increased its holdings in Instructure by 121.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,701 shares during the last quarter. Amalgamated Bank purchased a new stake in Instructure in the 2nd quarter worth about $203,000. Atria Investments LLC purchased a new stake in Instructure in the 2nd quarter worth about $216,000. Finally, CIBC World Markets Inc. purchased a new stake in Instructure in the 1st quarter worth about $230,000. Institutional investors own 86.30% of the company’s stock.

INST stock opened at $36.00 on Friday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -20.93 and a beta of 0.59. Instructure Inc has a twelve month low of $29.48 and a twelve month high of $49.17.

Instructure (NYSE:INST) last posted its earnings results on Monday, October 29th. The technology company reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.26. The business had revenue of $55.24 million during the quarter, compared to analyst estimates of $53.93 million. Instructure had a negative return on equity of 49.49% and a negative net margin of 24.15%. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) EPS. As a group, equities research analysts expect that Instructure Inc will post -1.4 earnings per share for the current fiscal year.

Several brokerages recently weighed in on INST. Raymond James decreased their price objective on Instructure from $55.00 to $50.00 and set a “strong-buy” rating for the company in a report on Wednesday, October 3rd. Citigroup decreased their price objective on Instructure from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday. DA Davidson began coverage on Instructure in a report on Wednesday, August 29th. They issued a “buy” rating and a $47.00 price objective for the company. Macquarie lowered Instructure from an “outperform” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Thursday, July 19th. Finally, ValuEngine lowered Instructure from a “buy” rating to a “hold” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $46.60.

About Instructure

Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K–12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K–12 schools.

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Institutional Ownership by Quarter for Instructure (NYSE:INST)

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