Guggenheim Capital LLC Raises Holdings in Barracuda Networks Inc (CUDA)

Guggenheim Capital LLC grew its position in Barracuda Networks Inc (NYSE:CUDA) by 277.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,102 shares of the communications equipment provider’s stock after purchasing an additional 64,772 shares during the period. Guggenheim Capital LLC owned about 0.16% of Barracuda Networks worth $2,422,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. ArrowMark Colorado Holdings LLC increased its holdings in shares of Barracuda Networks by 4.9% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,676,802 shares of the communications equipment provider’s stock valued at $73,612,000 after acquiring an additional 125,218 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Barracuda Networks by 206.6% during the 4th quarter. Deutsche Bank AG now owns 1,829,189 shares of the communications equipment provider’s stock valued at $50,301,000 after acquiring an additional 1,232,657 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Barracuda Networks by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,462,802 shares of the communications equipment provider’s stock valued at $35,443,000 after acquiring an additional 69,759 shares during the last quarter. Sand Grove Capital Management LLP acquired a new position in shares of Barracuda Networks during the 4th quarter valued at about $35,329,000. Finally, Water Island Capital LLC acquired a new position in shares of Barracuda Networks during the 4th quarter valued at about $32,304,000. 75.84% of the stock is currently owned by institutional investors.

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A number of brokerages have recently commented on CUDA. Imperial Capital increased their price objective on Barracuda Networks from $22.00 to $27.55 and gave the company a “line” rating in a report on Wednesday, January 10th. Zacks Investment Research lowered Barracuda Networks from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Robert W. Baird lowered Barracuda Networks from an “outperform” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $28.32.

Shares of NYSE:CUDA opened at $27.54 on Friday. Barracuda Networks Inc has a twelve month low of $19.06 and a twelve month high of $27.95.

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Barracuda Networks Company 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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