Attunity (ATTU) Stock Rating Lowered by Zacks Investment Research

Attunity (NASDAQ:ATTU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Attunity is the leading provider of service-orientated software and solutions in the Workplace Applications market. Using Attunity’s software, companies can seamlessly and efficiently connect, transfer, join and stream to and from virtually any data source in real-time, and subsequently use that data to rapidly configure and deploy management-focused Workplace Applications. With successful deployments at thousands of organizations worldwide, Attunity has over seveteen years experience of providing enterprise-class software, both directly and indirectly through a number of strategic and OEM agreements with global-class partners such as HP, IBM, Microsoft, Oracle, Business Objects and Cognos. Listed on Nasdaq and with a worldwide headquarters in Boston, USA, Attunity serves its customers via offices in North America, Europe, Middle East, China and Australia, as well as through a network of local partners. “

Other equities research analysts have also recently issued reports about the stock. ValuEngine cut shares of Attunity from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. BidaskClub cut shares of Attunity from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Craig Hallum cut shares of Attunity from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Roth Capital cut shares of Attunity from a “buy” rating to a “neutral” rating in a report on Thursday, February 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Attunity presently has an average rating of “Buy” and a consensus price target of $24.50.

Shares of ATTU stock opened at $23.37 on Friday. The stock has a market capitalization of $499.72 million, a PE ratio of 73.03, a PEG ratio of 3.22 and a beta of 1.95. Attunity has a 52-week low of $6.97 and a 52-week high of $27.32.

Attunity (NASDAQ:ATTU) last issued its earnings results on Thursday, January 31st. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.10. The company had revenue of $25.98 million for the quarter, compared to analysts’ expectations of $23.70 million. Attunity had a net margin of 6.95% and a return on equity of 11.23%. On average, analysts predict that Attunity will post 0.29 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in ATTU. Wells Fargo & Company MN bought a new position in Attunity in the 3rd quarter valued at about $120,000. Cambridge Investment Research Advisors Inc. bought a new position in Attunity in the 3rd quarter valued at about $209,000. Raymond James & Associates bought a new position in Attunity in the 4th quarter valued at about $225,000. Blair William & Co. IL raised its holdings in Attunity by 27.2% in the 3rd quarter. Blair William & Co. IL now owns 15,900 shares of the technology company’s stock valued at $300,000 after acquiring an additional 3,400 shares during the period. Finally, Worth Venture Partners LLC bought a new position in Attunity in the 3rd quarter valued at about $561,000. 54.26% of the stock is currently owned by hedge funds and other institutional investors.

Attunity Company Profile

Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

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