OxFORD Asset Management LLP lessened its position in Barracuda Networks Inc (NYSE:CUDA) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,976 shares of the communications equipment provider’s stock after selling 4,743 shares during the period. OxFORD Asset Management LLP owned approximately 0.23% of Barracuda Networks worth $2,909,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CUDA. Vanguard Group Inc. boosted its holdings in shares of Barracuda Networks by 7.5% during the second quarter. Vanguard Group Inc. now owns 2,934,104 shares of the communications equipment provider’s stock worth $67,660,000 after purchasing an additional 204,731 shares during the period. Systematic Financial Management LP raised its position in Barracuda Networks by 24.4% during the second quarter. Systematic Financial Management LP now owns 2,172,326 shares of the communications equipment provider’s stock valued at $50,094,000 after acquiring an additional 426,715 shares in the last quarter. ETF Managers Group LLC bought a new position in Barracuda Networks during the second quarter valued at approximately $44,968,000. Renaissance Technologies LLC raised its position in Barracuda Networks by 35.5% during the second quarter. Renaissance Technologies LLC now owns 1,538,300 shares of the communications equipment provider’s stock valued at $35,473,000 after acquiring an additional 402,605 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Barracuda Networks by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,462,802 shares of the communications equipment provider’s stock valued at $35,443,000 after acquiring an additional 69,759 shares in the last quarter. 75.79% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Michael D. Hughes sold 2,015 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $22.60, for a total value of $45,539.00. Following the sale, the senior vice president now directly owns 155,033 shares of the company’s stock, valued at $3,503,745.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dustin Driggs sold 5,135 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $24.85, for a total value of $127,604.75. The disclosure for this sale can be found here. Insiders have sold a total of 770,102 shares of company stock worth $19,727,789 in the last quarter. Company insiders own 13.90% of the company’s stock.
Barracuda Networks Inc (NYSE CUDA) traded down $0.08 during trading hours on Tuesday, reaching $27.42. The company’s stock had a trading volume of 1,354,529 shares, compared to its average volume of 1,225,150. Barracuda Networks Inc has a 52-week low of $19.06 and a 52-week high of $27.95. The firm has a market cap of $1,460.00, a P/E ratio of 161.29, a P/E/G ratio of 7.28 and a beta of 3.28.
Barracuda Networks (NYSE:CUDA) last released its quarterly earnings data on Tuesday, October 10th. The communications equipment provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The company had revenue of $94.30 million during the quarter, compared to the consensus estimate of $93.32 million. During the same quarter in the prior year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. analysts expect that Barracuda Networks Inc will post 0.32 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. BTIG Research lowered shares of Barracuda Networks from a “buy” rating to a “neutral” rating in a research report on Monday, November 27th. Needham & Company LLC lowered shares of Barracuda Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 target price on shares of Barracuda Networks in a research report on Tuesday, September 12th. Robert W. Baird reiterated a “buy” rating and set a $29.00 price target on shares of Barracuda Networks in a research note on Tuesday, October 24th. Finally, Zacks Investment Research downgraded shares of Barracuda Networks from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.60.
Barracuda Networks Company 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.
Receive News & Ratings for Barracuda Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barracuda Networks and related companies with MarketBeat.com's FREE daily email newsletter.