Teacher Retirement System of Texas acquired a new stake in shares of Barracuda Networks Inc (NYSE:CUDA) in the 4th quarter, HoldingsChannel reports. The firm acquired 12,749 shares of the communications equipment provider’s stock, valued at approximately $351,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Kassirer Asset Management Corp purchased a new stake in shares of Barracuda Networks during the 4th quarter valued at $1,238,000. Crossmark Global Holdings Inc. purchased a new position in Barracuda Networks in the 4th quarter worth $348,000. Gamco Investors INC. ET AL purchased a new position in Barracuda Networks in the 4th quarter worth $2,501,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Barracuda Networks in the 4th quarter worth $4,341,000. Finally, Gabelli Funds LLC purchased a new position in Barracuda Networks in the 4th quarter worth $18,279,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.
A number of equities analysts recently issued reports on CUDA shares. Zacks Investment Research lowered Barracuda Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. ValuEngine upgraded Barracuda Networks from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. Robert W. Baird lowered Barracuda Networks from an “outperform” rating to a “neutral” rating and set a $28.00 target price for the company. in a research note on Tuesday, January 9th. Stephens lowered Barracuda Networks from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 28th. Finally, Piper Jaffray Companies lowered Barracuda Networks from an “overweight” rating to a “neutral” rating in a research note on Monday, November 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. Barracuda Networks currently has a consensus rating of “Hold” and an average target price of $28.32.
Shares of CUDA stock opened at $27.54 on Wednesday. The firm has a market capitalization of $1,480.00 and a PE ratio of 98.36. Barracuda Networks Inc has a 12-month low of $19.06 and a 12-month high of $27.95.
Barracuda Networks (NYSE:CUDA) last announced its quarterly earnings results on Monday, January 8th. The communications equipment provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $94.75 million for the quarter, compared to analyst estimates of $93.85 million. Barracuda Networks had a return on equity of 104.10% and a net margin of 8.21%. research analysts predict that Barracuda Networks Inc will post 0.31 EPS for the current year.
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Barracuda Networks 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.
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