Northern Trust Corp Buys 2,888 Shares of MuleSoft (MULE)

Northern Trust Corp increased its stake in MuleSoft (NYSE:MULE) by 0.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 308,501 shares of the company’s stock after buying an additional 2,888 shares during the period. Northern Trust Corp owned 0.23% of MuleSoft worth $13,567,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of MuleSoft by 618.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 156,463 shares of the company’s stock worth $3,638,000 after buying an additional 134,688 shares during the last quarter. Virtu Financial LLC purchased a new stake in MuleSoft during the 4th quarter valued at $539,000. Ardsley Advisory Partners purchased a new stake in MuleSoft during the 4th quarter valued at $465,000. Bank of New York Mellon Corp boosted its stake in MuleSoft by 11.4% during the 4th quarter. Bank of New York Mellon Corp now owns 138,881 shares of the company’s stock valued at $3,230,000 after purchasing an additional 14,242 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in MuleSoft by 71.6% during the 4th quarter. Allianz Asset Management GmbH now owns 199,931 shares of the company’s stock valued at $4,650,000 after purchasing an additional 83,421 shares during the last quarter. Institutional investors own 51.09% of the company’s stock.

Several analysts have commented on MULE shares. Jefferies Financial Group downgraded MuleSoft from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research note on Wednesday, March 21st. Instinet reiterated a “neutral” rating on shares of MuleSoft in a research note on Wednesday, March 21st. JPMorgan Chase & Co. downgraded MuleSoft from an “overweight” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research note on Wednesday, March 21st. Nomura downgraded MuleSoft from a “buy” rating to a “neutral” rating and increased their target price for the company from $30.00 to $45.00 in a research note on Wednesday, March 21st. Finally, Oppenheimer increased their target price on MuleSoft from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, March 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.33.

NYSE MULE opened at $44.57 on Monday. The firm has a market cap of $5.86 billion, a PE ratio of -66.52 and a beta of -3.73. MuleSoft has a 1-year low of $19.40 and a 1-year high of $44.75.

In other news, Director Ann L. Winblad sold 8,770 shares of the stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $44.52, for a total transaction of $390,440.40. Following the transaction, the director now directly owns 351,158 shares of the company’s stock, valued at approximately $15,633,554.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

MuleSoft Profile

MuleSoft, Inc provides Anypoint Platform that allows customers to connect their applications, data, and devices in the United States, the United Kingdom, and internationally. Its platform also enables a self-serve infrastructure through discoverable building blocks or nodes that can be used and reused to compose applications.

Institutional Ownership by Quarter for MuleSoft (NYSE:MULE)

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