Cortina Asset Management LLC raised its position in shares of Quantenna Communications Inc (NASDAQ:QTNA) by 31.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 473,767 shares of the technology company’s stock after buying an additional 114,148 shares during the quarter. Cortina Asset Management LLC owned about 1.37% of Quantenna Communications worth $7,964,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in QTNA. FMR LLC raised its position in shares of Quantenna Communications by 88.1% during the 2nd quarter. FMR LLC now owns 984,434 shares of the technology company’s stock worth $18,704,000 after purchasing an additional 461,023 shares during the period. Vanguard Group Inc. raised its position in shares of Quantenna Communications by 90.8% during the 2nd quarter. Vanguard Group Inc. now owns 611,732 shares of the technology company’s stock worth $11,622,000 after purchasing an additional 291,167 shares during the period. State Street Corp raised its position in shares of Quantenna Communications by 248.7% during the 2nd quarter. State Street Corp now owns 317,479 shares of the technology company’s stock worth $6,033,000 after purchasing an additional 226,425 shares during the period. JHL Capital Group LLC acquired a new stake in shares of Quantenna Communications during the 2nd quarter worth approximately $5,700,000. Finally, RK Capital Management LLC increased its position in Quantenna Communications by 20.5% in the 2nd quarter. RK Capital Management LLC now owns 294,882 shares of the technology company’s stock valued at $5,603,000 after acquiring an additional 50,100 shares during the period. Hedge funds and other institutional investors own 37.84% of the company’s stock.
Several analysts recently commented on QTNA shares. Zacks Investment Research cut Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Barclays lowered Quantenna Communications to an “equal weight” rating in a research note on Tuesday, November 7th. ValuEngine lowered Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Needham & Company LLC decreased their price target on Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 7th. Finally, Roth Capital decreased their price target on Quantenna Communications from $27.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.00.
In related news, SVP David William Carroll sold 7,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $17.53, for a total transaction of $122,710.00. Following the completion of the sale, the senior vice president now directly owns 44,149 shares in the company, valued at $773,931.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Lionel Bonnot sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $17.61, for a total value of $149,685.00. Following the transaction, the senior vice president now owns 25,684 shares in the company, valued at $452,295.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,699 shares of company stock valued at $1,627,054. 22.62% of the stock is currently owned by insiders.
Shares of Quantenna Communications Inc (NASDAQ QTNA) traded down $0.06 during trading on Thursday, hitting $11.76. The stock had a trading volume of 311,443 shares, compared to its average volume of 340,484. The firm has a market capitalization of $416.66, a PE ratio of 118.30 and a beta of 3.75. The company has a current ratio of 4.06, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01. Quantenna Communications Inc has a 1-year low of $9.60 and a 1-year high of $25.45.
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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.
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