Barracuda Networks, Inc. (CUDA) Holdings Lifted by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its stake in shares of Barracuda Networks, Inc. (NYSE:CUDA) by 523.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 197,441 shares of the communications equipment provider’s stock after buying an additional 165,748 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.37% of Barracuda Networks worth $4,784,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AlphaMark Advisors LLC grew its holdings in Barracuda Networks by 63.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 44,200 shares of the communications equipment provider’s stock valued at $1,019,000 after buying an additional 17,200 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Barracuda Networks by 10.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,393,043 shares of the communications equipment provider’s stock worth $32,123,000 after purchasing an additional 129,425 shares in the last quarter. Swiss National Bank grew its holdings in shares of Barracuda Networks by 51.9% during the second quarter. Swiss National Bank now owns 61,500 shares of the communications equipment provider’s stock worth $1,418,000 after purchasing an additional 21,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Barracuda Networks by 7.5% during the second quarter. Vanguard Group Inc. now owns 2,934,104 shares of the communications equipment provider’s stock worth $67,660,000 after purchasing an additional 204,731 shares in the last quarter. Finally, Cipher Capital LP grew its holdings in shares of Barracuda Networks by 91.8% during the third quarter. Cipher Capital LP now owns 141,874 shares of the communications equipment provider’s stock worth $3,437,000 after purchasing an additional 67,893 shares in the last quarter. 75.55% of the stock is owned by institutional investors and hedge funds.

Shares of Barracuda Networks, Inc. (CUDA) opened at $27.53 on Friday. The stock has a market capitalization of $1,475.72, a P/E ratio of 88.81, a price-to-earnings-growth ratio of 7.34 and a beta of 3.28. Barracuda Networks, Inc. has a 52 week low of $19.06 and a 52 week high of $27.75.

Barracuda Networks (NYSE:CUDA) last issued its earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $94.30 million during the quarter, compared to analyst estimates of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. Barracuda Networks’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. analysts predict that Barracuda Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

In other Barracuda Networks news, Director Michael D. Perone sold 253,128 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $24.29, for a total value of $6,148,479.12. Following the completion of the sale, the director now owns 2,544,290 shares in the company, valued at $61,800,804.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael D. Perone sold 52,706 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $24.21, for a total value of $1,276,012.26. Following the completion of the sale, the director now owns 2,544,290 shares of the company’s stock, valued at approximately $61,597,260.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,243,847 shares of company stock valued at $55,560,918. 13.90% of the stock is owned by insiders.

CUDA has been the subject of several recent analyst reports. BidaskClub raised Barracuda Networks from a “strong sell” rating to a “sell” rating in a report on Friday, September 8th. Robert W. Baird reissued a “buy” rating and set a $29.00 price objective on shares of Barracuda Networks in a report on Wednesday, October 11th. Rosenblatt Securities reissued a “buy” rating and set a $30.00 price objective on shares of Barracuda Networks in a report on Monday, October 9th. KeyCorp reissued a “buy” rating and set a $30.00 price objective on shares of Barracuda Networks in a report on Friday, November 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Barracuda Networks in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Barracuda Networks has an average rating of “Hold” and a consensus target price of $28.10.

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Barracuda Networks 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.

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

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