New York State Common Retirement Fund Decreases Holdings in Barracuda Networks Inc (CUDA)
New York State Common Retirement Fund cut its holdings in shares of Barracuda Networks Inc (NYSE:CUDA) by 80.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,170 shares of the communications equipment provider’s stock after selling 136,850 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Barracuda Networks worth $828,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Barracuda Networks by 7.5% in the second quarter. Vanguard Group Inc. now owns 2,934,104 shares of the communications equipment provider’s stock worth $67,660,000 after buying an additional 204,731 shares during the period. ETF Managers Group LLC purchased a new position in shares of Barracuda Networks in the second quarter worth $44,968,000. Renaissance Technologies LLC increased its stake in shares of Barracuda Networks by 35.5% in the second quarter. Renaissance Technologies LLC now owns 1,538,300 shares of the communications equipment provider’s stock worth $35,473,000 after buying an additional 402,605 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Barracuda Networks by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,393,043 shares of the communications equipment provider’s stock worth $32,123,000 after buying an additional 129,425 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Barracuda Networks by 9.3% in the second quarter. Teachers Advisors LLC now owns 499,938 shares of the communications equipment provider’s stock worth $11,529,000 after buying an additional 42,588 shares during the period. 75.79% of the stock is currently owned by institutional investors.
In other news, Director Michael D. Perone sold 598,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $25.72, for a total transaction of $15,380,560.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michael D. Hughes sold 1,390 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $21.97, for a total transaction of $30,538.30. Following the sale, the senior vice president now owns 155,118 shares in the company, valued at approximately $3,407,942.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 710,913 shares of company stock worth $18,275,321. Company insiders own 13.90% of the company’s stock.
Shares of Barracuda Networks Inc (NYSE CUDA) opened at $27.46 on Friday. The firm has a market cap of $1,460.00, a price-to-earnings ratio of 161.53, a P/E/G ratio of 7.31 and a beta of 3.28. Barracuda Networks Inc has a fifty-two week low of $19.06 and a fifty-two week high of $27.95.
Barracuda Networks (NYSE:CUDA) last released its quarterly earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Barracuda Networks had a net margin of 2.52% and a return on equity of 197.30%. The business had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $93.32 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities analysts expect that Barracuda Networks Inc will post 0.31 earnings per share for the current fiscal year.
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Barracuda Networks Profile
Barracuda Networks, Inc designs and delivers security and data protection solutions. The Company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its solutions are designed to manage information technology operations for its customers.
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