BlueCrest Capital Management Ltd Purchases New Holdings in Mimecast Limited (MIME)

BlueCrest Capital Management Ltd purchased a new stake in Mimecast Limited (NASDAQ:MIME) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 26,152 shares of the technology company’s stock, valued at approximately $700,000.

Several other large investors have also recently added to or reduced their stakes in MIME. ETF Managers Group LLC bought a new stake in shares of Mimecast Limited in the 2nd quarter valued at about $17,278,000. Frontier Capital Management Co. LLC bought a new stake in shares of Mimecast Limited in the 2nd quarter valued at about $11,326,000. Columbus Circle Investors boosted its holdings in shares of Mimecast Limited by 88.6% in the 2nd quarter. Columbus Circle Investors now owns 728,762 shares of the technology company’s stock valued at $19,516,000 after buying an additional 342,405 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Mimecast Limited by 83.0% in the 2nd quarter. Renaissance Technologies LLC now owns 684,600 shares of the technology company’s stock valued at $18,334,000 after buying an additional 310,500 shares in the last quarter. Finally, FMR LLC bought a new stake in shares of Mimecast Limited in the 2nd quarter valued at about $7,983,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

A number of analysts have recently weighed in on MIME shares. BidaskClub upgraded shares of Mimecast Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Zacks Investment Research cut shares of Mimecast Limited from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Needham & Company LLC started coverage on shares of Mimecast Limited in a report on Tuesday, July 25th. They issued a “buy” rating and a $33.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $30.00 price target on shares of Mimecast Limited in a report on Monday, July 31st. Finally, Barclays PLC raised their price target on shares of Mimecast Limited from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.08.

Mimecast Limited (NASDAQ MIME) opened at 30.34 on Monday. Mimecast Limited has a 52-week low of $16.75 and a 52-week high of $30.83. The stock’s market capitalization is $1.72 billion. The firm’s 50-day moving average is $28.09 and its 200-day moving average is $26.49.

Mimecast Limited (NASDAQ:MIME) last announced its quarterly earnings results on Monday, August 7th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $58.16 million during the quarter, compared to the consensus estimate of $54.96 million. Mimecast Limited had a negative return on equity of 9.67% and a negative net margin of 3.73%. During the same period in the prior year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. Analysts predict that Mimecast Limited will post $0.06 earnings per share for the current year.

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Several other large investors have also recently added to or reduced their stakes in MIME. ETF Managers Group LLC bought a new stake in shares of Mimecast Limited in the 2nd quarter valued at about $17,278,000. Frontier Capital Management Co. LLC bought a new stake in shares of Mimecast Limited in the 2nd quarter valued at about $11,326,000. Columbus Circle Investors boosted its holdings in shares of Mimecast Limited by 88.6% in the 2nd quarter. Columbus Circle Investors now owns 728,762 shares of the technology company’s stock valued at $19,516,000 after buying an additional 342,405 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Mimecast Limited by 83.0% in the 2nd quarter. Renaissance Technologies LLC now owns 684,600 shares of the technology company’s stock valued at $18,334,000 after buying an additional 310,500 shares in the last quarter. Finally, FMR LLC bought a new stake in shares of Mimecast Limited in the 2nd quarter valued at about $7,983,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

A number of analysts have recently weighed in on MIME shares. BidaskClub upgraded shares of Mimecast Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Zacks Investment Research cut shares of Mimecast Limited from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Needham & Company LLC started coverage on shares of Mimecast Limited in a report on Tuesday, July 25th. They issued a “buy” rating and a $33.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $30.00 price target on shares of Mimecast Limited in a report on Monday, July 31st. Finally, Barclays PLC raised their price target on shares of Mimecast Limited from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.08.

Mimecast Limited (NASDAQ MIME) opened at 30.34 on Monday. Mimecast Limited has a 52-week low of $16.75 and a 52-week high of $30.83. The stock’s market capitalization is $1.72 billion. The firm’s 50-day moving average is $28.09 and its 200-day moving average is $26.49.

Mimecast Limited (NASDAQ:MIME) last announced its quarterly earnings results on Monday, August 7th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $58.16 million during the quarter, compared to the consensus estimate of $54.96 million. Mimecast Limited had a negative return on equity of 9.67% and a negative net margin of 3.73%. During the same period in the prior year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. Analysts predict that Mimecast Limited will post $0.06 earnings per share for the current year.

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About Mimecast Limited

Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.

Institutional Ownership by Quarter for Mimecast Limited (NASDAQ:MIME)

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