Teachers Insurance & Annuity Association of America increased its position in shares of Quantenna Communications Inc (NASDAQ:QTNA) by 73.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,604 shares of the technology company’s stock after buying an additional 28,580 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.19% of Quantenna Communications worth $824,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in QTNA. Stone Ridge Asset Management LLC acquired a new stake in shares of Quantenna Communications in the 4th quarter worth approximately $138,000. Deutsche Bank AG raised its holdings in shares of Quantenna Communications by 34.9% in the 4th quarter. Deutsche Bank AG now owns 65,396 shares of the technology company’s stock worth $797,000 after purchasing an additional 16,906 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Quantenna Communications during the fourth quarter valued at approximately $1,976,000. Thrivent Financial For Lutherans acquired a new stake in shares of Quantenna Communications during the fourth quarter valued at approximately $10,008,000. Finally, Ranger Investment Management L.P. acquired a new stake in shares of Quantenna Communications during the fourth quarter valued at approximately $1,146,000. 47.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Quantenna Communications Inc (NASDAQ QTNA) traded down $0.13 during trading hours on Tuesday, reaching $14.58. 101,841 shares of the company’s stock were exchanged, compared to its average volume of 411,917. The company has a market cap of $543.37, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.69 and a beta of 1.82. Quantenna Communications Inc has a 12-month low of $9.60 and a 12-month high of $24.64.
Quantenna Communications (NASDAQ:QTNA) last issued its earnings results on Monday, February 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.11. Quantenna Communications had a net margin of 19.51% and a return on equity of 0.96%. The company had revenue of $41.30 million for the quarter, compared to analyst estimates of $41.00 million. During the same quarter last year, the firm earned $0.03 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. analysts predict that Quantenna Communications Inc will post 0.36 earnings per share for the current fiscal year.
In other Quantenna Communications news, SVP David William Carroll sold 3,587 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $14.00, for a total transaction of $50,218.00. Following the sale, the senior vice president now directly owns 42,988 shares in the company, valued at approximately $601,832. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 12,695 shares of company stock worth $177,796 over the last 90 days. Corporate insiders own 22.62% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Quantenna Communications from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. Northland Securities began coverage on shares of Quantenna Communications in a research note on Thursday, March 8th. They issued an “outperform” rating and a $18.00 price objective on the stock. ValuEngine downgraded shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Zacks Investment Research downgraded shares of Quantenna Communications from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Quantenna Communications in a research note on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.60.
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Quantenna Communications Company Profile
Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.
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