Dimensional Fund Advisors LP Has $35.44 Million Position in Barracuda Networks Inc (CUDA)

Dimensional Fund Advisors LP lifted its position in Barracuda Networks Inc (NYSE:CUDA) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,462,802 shares of the communications equipment provider’s stock after purchasing an additional 69,759 shares during the quarter. Dimensional Fund Advisors LP owned about 2.75% of Barracuda Networks worth $35,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of Barracuda Networks by 16.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 402,829 shares of the communications equipment provider’s stock valued at $9,761,000 after purchasing an additional 56,076 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Barracuda Networks by 202.4% in the third quarter. Wells Fargo & Company MN now owns 315,843 shares of the communications equipment provider’s stock valued at $7,653,000 after purchasing an additional 211,394 shares during the period. Legal & General Group Plc grew its holdings in shares of Barracuda Networks by 1,035.1% in the third quarter. Legal & General Group Plc now owns 69,378 shares of the communications equipment provider’s stock valued at $1,680,000 after purchasing an additional 63,266 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of Barracuda Networks by 2,000.0% in the third quarter. Great West Life Assurance Co. Can now owns 52,500 shares of the communications equipment provider’s stock valued at $1,262,000 after purchasing an additional 50,000 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of Barracuda Networks by 4.6% in the third quarter. Nordea Investment Management AB now owns 86,838 shares of the communications equipment provider’s stock valued at $2,104,000 after purchasing an additional 3,822 shares during the period. 75.79% of the stock is owned by hedge funds and other institutional investors.

Barracuda Networks Inc (CUDA) opened at $27.50 on Friday. The firm has a market cap of $1,475.99, a PE ratio of 98.21, a price-to-earnings-growth ratio of 7.24 and a beta of 3.28. Barracuda Networks Inc has a 12 month low of $19.06 and a 12 month high of $27.95.

In other Barracuda Networks news, SVP Michael D. Hughes sold 1,390 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $21.97, for a total transaction of $30,538.30. Following the completion of the transaction, the senior vice president now owns 155,118 shares of the company’s stock, valued at $3,407,942.46. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Dustin Driggs sold 1,250 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.10, for a total transaction of $28,875.00. Following the transaction, the chief financial officer now directly owns 102,905 shares of the company’s stock, valued at approximately $2,377,105.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,655 shares of company stock valued at $104,952. 13.90% of the stock is currently owned by insiders.

A number of equities research analysts recently issued reports on CUDA shares. Robert W. Baird reissued a “buy” rating and issued a $29.00 price objective on shares of Barracuda Networks in a report on Wednesday, October 11th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $35.00 price objective on shares of Barracuda Networks in a report on Wednesday, October 11th. KeyCorp reissued a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a report on Wednesday, October 11th. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a report on Monday, October 9th. Finally, Stephens lowered shares of Barracuda Networks from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.19.

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About Barracuda Networks

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)

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