Zacks Investment Management Acquires Shares of 14,120 Alteryx Inc (AYX)

Zacks Investment Management acquired a new stake in shares of Alteryx Inc (NYSE:AYX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 14,120 shares of the company’s stock, valued at approximately $840,000.

A number of other hedge funds have also modified their holdings of the stock. Capital World Investors grew its holdings in Alteryx by 87.8% in the third quarter. Capital World Investors now owns 3,230,433 shares of the company’s stock worth $184,813,000 after purchasing an additional 1,510,000 shares during the last quarter. BlackRock Inc. grew its holdings in Alteryx by 7.9% in the fourth quarter. BlackRock Inc. now owns 2,439,511 shares of the company’s stock worth $145,077,000 after purchasing an additional 177,683 shares during the last quarter. Vanguard Group Inc. grew its holdings in Alteryx by 8.5% in the third quarter. Vanguard Group Inc. now owns 2,432,425 shares of the company’s stock worth $139,159,000 after purchasing an additional 191,305 shares during the last quarter. Vanguard Group Inc grew its holdings in Alteryx by 8.5% in the third quarter. Vanguard Group Inc now owns 2,432,425 shares of the company’s stock worth $139,159,000 after purchasing an additional 191,305 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Alteryx by 444.3% in the third quarter. Renaissance Technologies LLC now owns 894,298 shares of the company’s stock worth $51,163,000 after purchasing an additional 730,000 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on AYX shares. Wedbush started coverage on shares of Alteryx in a report on Thursday, December 6th. They issued an “outperform” rating and a $72.00 price target on the stock. Raymond James lowered shares of Alteryx from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 29th. They noted that the move was a valuation call. KeyCorp lifted their price target on shares of Alteryx from $74.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target (up from $74.00) on shares of Alteryx in a report on Thursday, February 28th. Finally, Bank of America reissued a “buy” rating and set a $90.00 price objective (up from $72.00) on shares of Alteryx in a report on Thursday, February 28th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.17.

In related news, CRO Robert Scott Jones sold 1,598 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $70.15, for a total transaction of $112,099.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel sold 1,150,000 shares of the business’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $66.75, for a total transaction of $76,762,500.00. The disclosure for this sale can be found here. Insiders have sold 1,435,791 shares of company stock worth $97,557,608 over the last three months. Corporate insiders own 39.01% of the company’s stock.

Shares of AYX opened at $81.97 on Monday. The firm has a market cap of $5.06 billion, a PE ratio of -409.85, a P/E/G ratio of 94.80 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.71 and a current ratio of 3.71. Alteryx Inc has a 1-year low of $30.45 and a 1-year high of $85.68.

Alteryx (NYSE:AYX) last announced its quarterly earnings data on Wednesday, February 27th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $60.50 million for the quarter, compared to analyst estimates of $57.59 million. Alteryx had a negative net margin of 8.74% and a negative return on equity of 7.39%. The business’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. Sell-side analysts anticipate that Alteryx Inc will post 0.06 EPS for the current fiscal year.

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About Alteryx

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.

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Institutional Ownership by Quarter for Alteryx (NYSE:AYX)

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