State of New Jersey Common Pension Fund D Buys New Shares in Instructure Inc (NYSE:INST)

State of New Jersey Common Pension Fund D bought a new stake in Instructure Inc (NYSE:INST) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 53,000 shares of the technology company’s stock, valued at approximately $2,053,000.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Instructure by 3.2% in the second quarter. BlackRock Inc. now owns 2,300,336 shares of the technology company’s stock valued at $97,763,000 after buying an additional 70,447 shares in the last quarter. Vanguard Group Inc. boosted its position in Instructure by 3.1% during the second quarter. Vanguard Group Inc. now owns 1,694,060 shares of the technology company’s stock worth $71,998,000 after purchasing an additional 50,458 shares during the period. Mackenzie Financial Corp boosted its position in Instructure by 0.7% during the second quarter. Mackenzie Financial Corp now owns 1,650,138 shares of the technology company’s stock worth $70,131,000 after purchasing an additional 12,000 shares during the period. Janus Henderson Group PLC boosted its position in Instructure by 3.5% during the second quarter. Janus Henderson Group PLC now owns 1,318,762 shares of the technology company’s stock worth $56,047,000 after purchasing an additional 45,100 shares during the period. Finally, Tensile Capital Management LLC boosted its position in Instructure by 32.1% during the second quarter. Tensile Capital Management LLC now owns 1,007,372 shares of the technology company’s stock worth $42,813,000 after purchasing an additional 245,000 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

In other news, Director Joshua L. Coates sold 18,765 shares of Instructure stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $47.48, for a total transaction of $890,962.20. Following the completion of the sale, the director now owns 5,500 shares of the company’s stock, valued at $261,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joshua L. Coates sold 38,189 shares of Instructure stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $46.04, for a total value of $1,758,221.56. Following the sale, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $253,220. The disclosure for this sale can be found here. Insiders have sold 117,499 shares of company stock valued at $5,285,661 in the last three months. Insiders own 9.60% of the company’s stock.

INST opened at $47.63 on Friday. Instructure Inc has a fifty-two week low of $33.47 and a fifty-two week high of $50.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $1.75 billion, a P/E ratio of -38.72 and a beta of 0.47. The stock has a fifty day moving average of $41.83 and a 200-day moving average of $41.78.

Instructure (NYSE:INST) last posted its earnings results on Monday, October 28th. The technology company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.08. Instructure had a negative return on equity of 44.38% and a negative net margin of 26.64%. The company had revenue of $68.30 million during the quarter, compared to the consensus estimate of $68.08 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The company’s revenue was up 23.5% on a year-over-year basis. On average, equities research analysts predict that Instructure Inc will post -2.1 earnings per share for the current fiscal year.

INST has been the subject of a number of research analyst reports. William Blair reaffirmed a “market perform” rating on shares of Instructure in a research report on Monday, August 12th. Zacks Investment Research raised shares of Instructure from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Friday, November 1st. Oppenheimer raised shares of Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price objective for the company in a research report on Monday, August 12th. CIBC raised shares of Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price objective for the company in a research report on Monday, August 12th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Instructure in a research report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $48.63.

Instructure Company Profile

Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for KÂ-12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.

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Institutional Ownership by Quarter for Instructure (NYSE:INST)

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