Dimensional Fund Advisors LP boosted its holdings in Shutterfly, Inc. (NASDAQ:SFLY) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,196,035 shares of the technology company’s stock after buying an additional 73,044 shares during the period. Dimensional Fund Advisors LP owned approximately 3.56% of Shutterfly worth $48,152,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of SFLY. Piedmont Investment Advisors Inc. increased its position in shares of Shutterfly by 3.8% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 7,995 shares of the technology company’s stock valued at $322,000 after purchasing an additional 292 shares during the period. State of Alaska Department of Revenue increased its position in shares of Shutterfly by 2.8% during the fourth quarter. State of Alaska Department of Revenue now owns 11,233 shares of the technology company’s stock valued at $452,000 after purchasing an additional 310 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Shutterfly by 11.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,269 shares of the technology company’s stock valued at $172,000 after purchasing an additional 429 shares during the period. Teachers Advisors LLC increased its position in shares of Shutterfly by 0.5% during the third quarter. Teachers Advisors LLC now owns 136,696 shares of the technology company’s stock valued at $9,007,000 after purchasing an additional 691 shares during the period. Finally, Texas Permanent School Fund increased its position in shares of Shutterfly by 4.5% during the fourth quarter. Texas Permanent School Fund now owns 21,990 shares of the technology company’s stock valued at $885,000 after purchasing an additional 948 shares during the period.
Shares of SFLY stock opened at $40.51 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.76 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $1.38 billion, a P/E ratio of 13.28, a P/E/G ratio of 2.50 and a beta of 1.39. Shutterfly, Inc. has a one year low of $35.08 and a one year high of $100.34.
A number of research firms have recently issued reports on SFLY. Zacks Investment Research cut Shutterfly from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. BidaskClub cut Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 14th. ValuEngine cut Shutterfly from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. Goldman Sachs Group began coverage on Shutterfly in a research report on Monday, February 4th. They set a “sell” rating and a $40.00 price objective on the stock. Finally, SunTrust Banks decreased their price target on Shutterfly to $70.00 and set a “buy” rating on the stock in a research note on Friday, February 1st. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Shutterfly has an average rating of “Hold” and an average price target of $70.40.
In other Shutterfly news, VP Jason Sebring sold 2,396 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $46.11, for a total value of $110,479.56. Following the transaction, the vice president now owns 2,396 shares of the company’s stock, valued at $110,479.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Lisa Blackwood-Kapral sold 750 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $40.09, for a total value of $30,067.50. Following the completion of the transaction, the insider now directly owns 750 shares in the company, valued at approximately $30,067.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,632 shares of company stock worth $1,355,876. 1.30% of the stock is owned by insiders.
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Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.
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