Intech Investment Management LLC Purchases 21,309 Shares of HubSpot, Inc. $HUBS

Intech Investment Management LLC grew its position in HubSpot, Inc. (NYSE:HUBS) by 1,439.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,789 shares of the software maker’s stock after purchasing an additional 21,309 shares during the quarter. Intech Investment Management LLC’s holdings in HubSpot were worth $10,661,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in HubSpot by 2.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock valued at $503,000 after buying an additional 26 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of HubSpot by 4.7% in the second quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after acquiring an additional 27 shares during the period. Insigneo Advisory Services LLC grew its stake in shares of HubSpot by 6.3% in the second quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock valued at $262,000 after acquiring an additional 28 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in HubSpot by 5.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock worth $244,000 after acquiring an additional 28 shares during the period. Finally, Bessemer Group Inc. increased its position in HubSpot by 9.1% during the third quarter. Bessemer Group Inc. now owns 335 shares of the software maker’s stock worth $156,000 after acquiring an additional 28 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HUBS opened at $268.64 on Friday. HubSpot, Inc. has a 52-week low of $207.20 and a 52-week high of $734.61. The business’s fifty day moving average is $312.66 and its 200-day moving average is $396.33. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 308.78, a PEG ratio of 3.65 and a beta of 1.44.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. During the same period in the prior year, the company earned $2.32 EPS. HubSpot’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Brian Halligan sold 8,261 shares of HubSpot stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the sale, the director directly owned 481,168 shares of the company’s stock, valued at approximately $121,735,504. The trade was a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the transaction, the insider owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,691 shares of company stock worth $8,136,702. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Cantor Fitzgerald decreased their target price on shares of HubSpot from $500.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Needham & Company LLC reduced their price target on HubSpot from $700.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Bank of America lowered their price objective on HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. cut their target price on HubSpot from $650.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, UBS Group restated an “overweight” rating on shares of HubSpot in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $452.70.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.