Alyeska Investment Group L.P. Trims Holdings in Barracuda Networks, Inc. (CUDA)

Alyeska Investment Group L.P. trimmed its position in shares of Barracuda Networks, Inc. (NYSE:CUDA) by 89.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 177,443 shares of the communications equipment provider’s stock after selling 1,470,141 shares during the period. Alyeska Investment Group L.P. owned 0.33% of Barracuda Networks worth $4,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Segall Bryant & Hamill LLC lifted its position in shares of Barracuda Networks by 523.0% during the third quarter. Segall Bryant & Hamill LLC now owns 197,441 shares of the communications equipment provider’s stock worth $4,784,000 after acquiring an additional 165,748 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Barracuda Networks by 274.2% during the third quarter. Allianz Asset Management GmbH now owns 247,939 shares of the communications equipment provider’s stock worth $6,008,000 after acquiring an additional 181,678 shares in the last quarter. Engineers Gate Manager LP lifted its position in shares of Barracuda Networks by 147.8% during the third quarter. Engineers Gate Manager LP now owns 58,701 shares of the communications equipment provider’s stock worth $1,422,000 after acquiring an additional 35,014 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of Barracuda Networks during the third quarter worth $121,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 worth $35,443,000 after acquiring an additional 69,759 shares in the last quarter. 75.79% of the stock is owned by institutional investors and hedge funds.

Barracuda Networks, Inc. (NYSE CUDA) opened at $27.57 on Wednesday. Barracuda Networks, Inc. has a 12 month low of $19.06 and a 12 month high of $27.75. The stock has a market capitalization of $1,480.00, a PE ratio of 89.07, a PEG ratio of 7.36 and a beta of 3.28.

Barracuda Networks (NYSE:CUDA) last announced its quarterly earnings data on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. equities analysts predict that Barracuda Networks, Inc. will post 0.31 EPS for the current fiscal year.

Several equities research analysts have issued reports on CUDA shares. Robert W. Baird restated a “buy” rating and set a $29.00 target price on shares of Barracuda Networks in a research report on Wednesday, October 11th. Rosenblatt Securities restated a “buy” rating on shares of Barracuda Networks in a research report on Sunday, October 15th. Piper Jaffray Companies downgraded Barracuda Networks from an “overweight” rating to a “neutral” rating in a research report on Monday, November 27th. J P Morgan Chase & Co downgraded Barracuda Networks from an “overweight” rating to a “neutral” rating and set a $27.55 target price on the stock. in a research report on Tuesday. Finally, KeyCorp restated a “buy” rating and set a $30.00 target price on shares of Barracuda Networks in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.60.

In related news, SVP Michael D. Hughes sold 1,390 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $21.97, for a total value of $30,538.30. Following the sale, the senior vice president now directly owns 155,118 shares of the company’s stock, valued at $3,407,942.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dustin Driggs sold 5,135 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was 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 sold 1,879,289 shares of company stock worth $46,711,195 over the last three months. 13.90% of the stock is owned by insiders.

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About Barracuda Networks

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.

Institutional Ownership by Quarter for Barracuda Networks (NYSE:CUDA)

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