Insider Selling: AVEVA Group plc (LON:AVV) Insider Sells 9,300 Shares of Stock

AVEVA Group plc (LON:AVV) insider Jennifer Allerton sold 9,300 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of GBX 4,077 ($53.27), for a total value of £379,161 ($495,441.00).

Shares of AVEVA Group stock opened at GBX 3,900 ($50.96) on Friday. The firm’s 50-day moving average price is GBX 3,972.60. AVEVA Group plc has a 12 month low of GBX 2,264 ($29.58) and a 12 month high of GBX 4,232 ($55.30). The stock has a market cap of $6.29 billion and a PE ratio of 186.60. The company has a quick ratio of 1.30, a current ratio of 1.38 and a debt-to-equity ratio of 0.63.

The company also recently announced a dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, July 4th were issued a dividend of GBX 29 ($0.38) per share. This represents a yield of 0.86%. This is a boost from AVEVA Group’s previous dividend of $14.00. The ex-dividend date was Thursday, July 4th. AVEVA Group’s dividend payout ratio (DPR) is 2.06%.

A number of equities analysts have recently weighed in on AVV shares. JPMorgan Chase & Co. increased their price target on AVEVA Group from GBX 3,000 ($39.20) to GBX 3,400 ($44.43) and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Numis Securities reiterated an “add” rating and set a GBX 3,700 ($48.35) price target on shares of AVEVA Group in a report on Wednesday, May 29th. UBS Group reiterated a “neutral” rating and set a GBX 3,550 ($46.39) price target (up from GBX 3,365 ($43.97)) on shares of AVEVA Group in a report on Wednesday, June 5th. HSBC increased their price target on AVEVA Group from GBX 2,685 ($35.08) to GBX 2,920 ($38.15) and gave the stock a “reduce” rating in a report on Monday, June 3rd. Finally, Credit Suisse Group raised their target price on AVEVA Group from GBX 3,000 ($39.20) to GBX 3,900 ($50.96) and gave the company an “outperform” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 3,453.75 ($45.13).

About AVEVA Group

AVEVA Group Plc, through its subsidiaries, provides engineering and industrial software for process and hybrid industries in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. It provides solutions covering various aspects of the asset life cycle, including conceptual modeling and 3D design, process simulation, optimization, and manufacturing operations management.

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