Millennium Management LLC grew its stake in Alteryx (NYSE:AYX) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,792 shares of the company’s stock after purchasing an additional 31,185 shares during the quarter. Millennium Management LLC’s holdings in Alteryx were worth $8,839,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Suntrust Banks Inc. raised its holdings in Alteryx by 22.1% in the 4th quarter. Suntrust Banks Inc. now owns 32,121 shares of the company’s stock worth $811,000 after purchasing an additional 5,816 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Alteryx by 685.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after purchasing an additional 6,853 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Alteryx by 28.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 34,354 shares of the company’s stock worth $699,000 after purchasing an additional 7,597 shares in the last quarter. Rhumbline Advisers raised its holdings in Alteryx by 93.2% in the 4th quarter. Rhumbline Advisers now owns 20,130 shares of the company’s stock worth $509,000 after purchasing an additional 9,709 shares in the last quarter. Finally, American International Group Inc. raised its holdings in Alteryx by 165.5% in the 4th quarter. American International Group Inc. now owns 15,823 shares of the company’s stock worth $400,000 after purchasing an additional 9,864 shares in the last quarter. Institutional investors and hedge funds own 33.12% of the company’s stock.
In related news, CRO Robert Scott Jones sold 40,226 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $33.88, for a total transaction of $1,362,856.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Dean Stoecker sold 40,000 shares of the stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $34.75, for a total transaction of $1,390,000.00. The disclosure for this sale can be found here. Insiders sold a total of 309,552 shares of company stock worth $10,309,587 over the last ninety days.
AYX has been the subject of several research reports. Goldman Sachs lowered shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a report on Wednesday, January 31st. Zacks Investment Research lowered shares of Alteryx from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Bank of America upped their price objective on shares of Alteryx from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Cowen reaffirmed an “outperform” rating and issued a $34.00 target price (up from $29.00) on shares of Alteryx in a research report on Thursday, February 22nd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $35.00 target price (up from $29.00) on shares of Alteryx in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Alteryx presently has an average rating of “Buy” and an average price target of $27.00.
NYSE:AYX opened at $33.21 on Wednesday. Alteryx has a 1-year low of $14.79 and a 1-year high of $38.88.
Alteryx (NYSE:AYX) last released its earnings results on Wednesday, February 21st. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.05. The firm had revenue of $38.60 million for the quarter, compared to the consensus estimate of $35.89 million. Alteryx had a negative net margin of 13.30% and a negative return on equity of 8.51%. The company’s revenue was up 54.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) EPS. equities research analysts forecast that Alteryx will post -0.41 EPS for the current year.
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Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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