Barracuda Networks, Inc. (CUDA) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its stake in shares of Barracuda Networks, Inc. (NYSE:CUDA) by 71.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 441,212 shares of the communications equipment provider’s stock after buying an additional 184,356 shares during the period. Goldman Sachs Group Inc. owned approximately 0.84% of Barracuda Networks worth $10,196,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Asset Management One Co. Ltd. raised its stake in shares of Barracuda Networks by 2.9% in the first quarter. Asset Management One Co. Ltd. now owns 6,276 shares of the communications equipment provider’s stock valued at $146,000 after buying an additional 177 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of Barracuda Networks by 9.5% in the first quarter. Acrospire Investment Management LLC now owns 6,900 shares of the communications equipment provider’s stock valued at $159,000 after buying an additional 600 shares during the last quarter. US Bancorp DE raised its stake in shares of Barracuda Networks by 170.8% in the first quarter. US Bancorp DE now owns 8,226 shares of the communications equipment provider’s stock valued at $191,000 after buying an additional 5,188 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Barracuda Networks during the first quarter valued at approximately $223,000. Finally, LGL Partners LLC acquired a new stake in shares of Barracuda Networks during the first quarter valued at approximately $232,000. Institutional investors own 62.77% of the company’s stock.

Barracuda Networks, Inc. (NYSE:CUDA) opened at 23.55 on Wednesday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 123.95 and a beta of 3.33. The stock has a 50 day moving average price of $22.66 and a 200-day moving average price of $22.74. Barracuda Networks, Inc. has a 12-month low of $19.06 and a 12-month high of $26.69.

Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings results on Monday, July 10th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. Barracuda Networks had a negative return on equity of 1,770.56% and a net margin of 2.81%. The business had revenue of $94.18 million during the quarter, compared to analyst estimates of $91.18 million. During the same quarter in the prior year, the business posted $0.20 EPS. Barracuda Networks’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts predict that Barracuda Networks, Inc. will post $0.76 EPS for the current fiscal year.

WARNING: This news story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/07/19/barracuda-networks-inc-cuda-shares-bought-by-goldman-sachs-group-inc.html.

Several equities research analysts recently commented on CUDA shares. Robert W. Baird restated a “buy” rating on shares of Barracuda Networks in a research report on Tuesday, July 11th. Northland Securities reiterated a “buy” rating and issued a $28.00 price target on shares of Barracuda Networks in a report on Friday, June 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 price target on shares of Barracuda Networks in a report on Wednesday, April 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 price target on shares of Barracuda Networks in a report on Tuesday, April 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of Barracuda Networks in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.59.

In other Barracuda Networks news, VP Diane Honda sold 7,026 shares of the stock in a transaction dated Saturday, July 1st. The shares were sold at an average price of $22.89, for a total transaction of $160,825.14. Following the completion of the transaction, the vice president now owns 100,085 shares of the company’s stock, valued at approximately $2,290,945.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William D. Jenkins, Jr. sold 80,612 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $24.02, for a total transaction of $1,936,300.24. Following the transaction, the chief executive officer now directly owns 621,108 shares of the company’s stock, valued at approximately $14,919,014.16. The disclosure for this sale can be found here. Insiders sold a total of 504,358 shares of company stock valued at $12,122,372 in the last quarter. 13.90% of the stock is currently owned by company insiders.

Barracuda Networks Company 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.

Institutional Ownership by Quarter for Barracuda Networks (NYSE:CUDA)

Receive News & Ratings for Barracuda Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barracuda Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply