Raymond James & Associates decreased its stake in shares of Mobileiron Inc (NASDAQ:MOBL) by 30.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,570 shares of the software maker’s stock after selling 15,715 shares during the period. Raymond James & Associates’ holdings in Mobileiron were worth $168,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Mobileiron during the fourth quarter worth approximately $101,000. Prudential Financial Inc. acquired a new position in Mobileiron during the fourth quarter worth approximately $126,000. Bank of Montreal Can increased its position in Mobileiron by 30.3% during the fourth quarter. Bank of Montreal Can now owns 33,202 shares of the software maker’s stock worth $153,000 after purchasing an additional 7,729 shares during the last quarter. MetLife Investment Advisors LLC increased its position in Mobileiron by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 43,962 shares of the software maker’s stock worth $233,000 after purchasing an additional 15,637 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Mobileiron by 19.3% during the fourth quarter. New York State Common Retirement Fund now owns 68,000 shares of the software maker’s stock worth $312,000 after purchasing an additional 11,000 shares during the last quarter. 59.91% of the stock is owned by hedge funds and other institutional investors.
Mobileiron stock opened at $5.61 on Thursday. Mobileiron Inc has a 52-week low of $3.98 and a 52-week high of $5.86. The firm has a market capitalization of $600.18 million, a PE ratio of -13.36 and a beta of 1.76.
Mobileiron (NASDAQ:MOBL) last released its quarterly earnings data on Thursday, February 7th. The software maker reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Mobileiron had a negative net margin of 22.30% and a negative return on equity of 76.61%. The company had revenue of $54.10 million during the quarter, compared to analyst estimates of $54.40 million. The business’s revenue was up 10.9% compared to the same quarter last year. Research analysts forecast that Mobileiron Inc will post -0.32 EPS for the current fiscal year.
In other Mobileiron news, Director Leslie Stretch acquired 11,950 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $5.01 per share, with a total value of $59,869.50. Following the completion of the transaction, the director now directly owns 22,228 shares of the company’s stock, valued at $111,362.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 24.29% of the stock is owned by corporate insiders.
MOBL has been the subject of several recent research reports. Zacks Investment Research lowered shares of Mobileiron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. BidaskClub raised shares of Mobileiron from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Northland Securities reissued a “buy” rating and issued a $6.50 price objective on shares of Mobileiron in a research report on Thursday, April 11th.
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MobileIron, Inc, together with its subsidiaries, provides mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.
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