Columbus Circle Investors Buys 256,023 Shares of Mimecast Limited (MIME)

Columbus Circle Investors grew its stake in Mimecast Limited (NASDAQ:MIME) by 35.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 984,785 shares of the technology company’s stock after acquiring an additional 256,023 shares during the quarter. Columbus Circle Investors owned about 1.73% of Mimecast Limited worth $27,988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Airain ltd increased its position in shares of Mimecast Limited by 1.8% during the 2nd quarter. Airain ltd now owns 16,906 shares of the technology company’s stock worth $453,000 after purchasing an additional 294 shares during the last quarter. US Bancorp DE increased its position in shares of Mimecast Limited by 11.9% during the 2nd quarter. US Bancorp DE now owns 7,155 shares of the technology company’s stock worth $192,000 after purchasing an additional 759 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Mimecast Limited by 15.3% during the 2nd quarter. First Mercantile Trust Co. now owns 14,272 shares of the technology company’s stock worth $382,000 after purchasing an additional 1,897 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Mimecast Limited by 15.8% during the 1st quarter. JPMorgan Chase & Co. now owns 17,497 shares of the technology company’s stock worth $392,000 after purchasing an additional 2,385 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Mimecast Limited during the 2nd quarter worth about $104,000. 53.40% of the stock is owned by institutional investors and hedge funds.



Mimecast Limited (NASDAQ:MIME) traded down $0.14 during midday trading on Friday, reaching $30.26. The company’s stock had a trading volume of 287,207 shares, compared to its average volume of 249,423. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.42 and a quick ratio of 1.42. Mimecast Limited has a 52 week low of $16.75 and a 52 week high of $32.00.

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A number of analysts recently issued reports on MIME shares. Royal Bank Of Canada reissued an “outperform” rating and set a $37.00 price objective (up from $33.00) on shares of Mimecast Limited in a research report on Thursday, November 9th. Zacks Investment Research downgraded Mimecast Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Dougherty & Co lifted their target price on Mimecast Limited from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Barclays PLC lifted their target price on Mimecast Limited from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 target price on shares of Mimecast Limited in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $32.83.

Mimecast Limited Company Profile

Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.

Institutional Ownership by Quarter for Mimecast Limited (NASDAQ:MIME)

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