Los Angeles Capital Management & Equity Research Inc. Acquires Shares of 5,840 Shutterfly, Inc. (SFLY)

Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Shutterfly, Inc. (NASDAQ:SFLY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,840 shares of the technology company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in shares of Shutterfly by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 11,483 shares of the technology company’s stock valued at $466,000 after acquiring an additional 250 shares during the period. Deutsche Bank AG boosted its holdings in shares of Shutterfly by 94.6% during the fourth quarter. Deutsche Bank AG now owns 282,268 shares of the technology company’s stock valued at $11,361,000 after acquiring an additional 137,250 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Shutterfly by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 458,486 shares of the technology company’s stock valued at $18,457,000 after acquiring an additional 27,376 shares during the period. Norges Bank acquired a new position in shares of Shutterfly during the fourth quarter valued at $26,138,000. Finally, Ulysses Management LLC boosted its holdings in shares of Shutterfly by 98.8% during the fourth quarter. Ulysses Management LLC now owns 593,597 shares of the technology company’s stock valued at $23,898,000 after acquiring an additional 294,939 shares during the period.

In related news, CAO Lisa Blackwood-Kapral sold 668 shares of Shutterfly stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $45.93, for a total transaction of $30,681.24. Following the sale, the chief accounting officer now directly owns 1,625 shares in the company, valued at $74,636.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Satish Menon sold 5,216 shares of Shutterfly stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $45.93, for a total transaction of $239,570.88. Following the sale, the senior vice president now owns 4,750 shares in the company, valued at $218,167.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,823 shares of company stock worth $1,363,881. Company insiders own 2.40% of the company’s stock.

Shares of NASDAQ SFLY opened at $45.04 on Thursday. Shutterfly, Inc. has a fifty-two week low of $35.08 and a fifty-two week high of $100.34. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 1.61. The stock has a market cap of $1.47 billion, a P/E ratio of 14.77 and a beta of 1.40.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported ($2.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.53) by $0.06. Shutterfly had a negative net margin of 0.29% and a positive return on equity of 8.20%. The business had revenue of $324.68 million for the quarter, compared to analysts’ expectations of $323.12 million. During the same period in the previous year, the business earned ($0.83) earnings per share. The company’s revenue was up 62.6% on a year-over-year basis. As a group, analysts predict that Shutterfly, Inc. will post 0.81 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, April 26th. BidaskClub downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, SunTrust Banks reissued a “buy” rating and set a $57.00 price target on shares of Shutterfly in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Shutterfly presently has an average rating of “Hold” and an average target price of $53.00.

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About Shutterfly

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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