Spark Investment Management LLC acquired a new stake in Quantenna Communications Inc (NASDAQ:QTNA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 20,200 shares of the technology company’s stock, valued at approximately $246,000. Spark Investment Management LLC owned about 0.06% of Quantenna Communications at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Alliancebernstein L.P. bought a new position in shares of Quantenna Communications during the second quarter valued at about $378,000. Teachers Advisors LLC raised its position in Quantenna Communications by 244.7% in the second quarter. Teachers Advisors LLC now owns 37,569 shares of the technology company’s stock worth $714,000 after acquiring an additional 26,670 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Quantenna Communications by 416.5% in the second quarter. TIAA CREF Investment Management LLC now owns 56,739 shares of the technology company’s stock worth $1,078,000 after purchasing an additional 45,753 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Quantenna Communications by 537.5% in the second quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock worth $227,000 after purchasing an additional 10,095 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Quantenna Communications by 213.8% in the second quarter. New York State Common Retirement Fund now owns 22,600 shares of the technology company’s stock worth $429,000 after purchasing an additional 15,399 shares in the last quarter. Hedge funds and other institutional investors own 48.02% of the company’s stock.
In other news, SVP David William Carroll sold 3,868 shares of Quantenna Communications stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $14.01, for a total transaction of $54,190.68. Following the completion of the sale, the senior vice president now directly owns 42,988 shares in the company, valued at $602,261.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 12,695 shares of company stock valued at $177,796. 22.62% of the stock is owned by corporate insiders.
QTNA has been the subject of several recent analyst reports. ValuEngine cut shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. BidaskClub upgraded shares of Quantenna Communications from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 6th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Quantenna Communications in a report on Tuesday, December 19th. Northland Securities assumed coverage on shares of Quantenna Communications in a report on Thursday, March 8th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.60.
Quantenna Communications Inc (QTNA) traded down $0.11 during trading on Wednesday, reaching $15.29. 252,994 shares of the company traded hands, compared to its average volume of 423,460. The stock has a market cap of $538.53 and a price-to-earnings ratio of 11.58. Quantenna Communications Inc has a one year low of $9.60 and a one year high of $25.45.
Quantenna Communications (NASDAQ:QTNA) last announced its quarterly earnings data on Monday, February 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The business had revenue of $41.30 million during the quarter, compared to analyst estimates of $41.00 million. Quantenna Communications had a net margin of 19.51% and a return on equity of 0.96%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.03 EPS. sell-side analysts expect that Quantenna Communications Inc will post 0.36 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.thelincolnianonline.com/2018/03/14/20200-shares-in-quantenna-communications-inc-qtna-purchased-by-spark-investment-management-llc.html.
About Quantenna Communications
Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.
Receive News & Ratings for Quantenna Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantenna Communications and related companies with MarketBeat.com's FREE daily email newsletter.