Attunity (NASDAQ:ATTU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Attunity is the leading provider of service-orientated software and solutions in the Workplace Applications market. Using Attunity’s software, companies can seamlessly and efficiently connect, transfer, join and stream to and from virtually any data source in real-time, and subsequently use that data to rapidly configure and deploy management-focused Workplace Applications. With successful deployments at thousands of organizations worldwide, Attunity has over seveteen years experience of providing enterprise-class software, both directly and indirectly through a number of strategic and OEM agreements with global-class partners such as HP, IBM, Microsoft, Oracle, Business Objects and Cognos. Listed on Nasdaq and with a worldwide headquarters in Boston, USA, Attunity serves its customers via offices in North America, Europe, Middle East, China and Australia, as well as through a network of local partners. “

ATTU has been the subject of several other reports. BidaskClub raised Attunity from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 17th. ValuEngine cut Attunity from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Craig Hallum cut Attunity from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. Finally, Roth Capital cut Attunity from a “buy” rating to a “neutral” rating in a research report on Thursday, February 21st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.75.

Shares of NASDAQ ATTU remained flat at $$23.39 during trading on Thursday. The stock had a trading volume of 130,515 shares, compared to its average volume of 715,810. Attunity has a twelve month low of $7.56 and a twelve month high of $27.32. The firm has a market capitalization of $500.08 million, a PE ratio of 73.09, a PEG ratio of 3.22 and a beta of 1.94.

Attunity (NASDAQ:ATTU) last released its earnings results on Thursday, January 31st. The technology company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.10. Attunity had a return on equity of 11.23% and a net margin of 6.95%. The firm had revenue of $25.98 million during the quarter, compared to analysts’ expectations of $23.70 million. As a group, research analysts expect that Attunity will post 0.29 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Oberweis Asset Management Inc. purchased a new stake in Attunity during the 4th quarter valued at approximately $19,406,000. Prescott Group Capital Management L.L.C. raised its stake in Attunity by 7.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 307,071 shares of the technology company’s stock valued at $6,043,000 after acquiring an additional 20,900 shares during the last quarter. Disciplined Growth Investors Inc. MN purchased a new stake in Attunity during the 3rd quarter valued at approximately $5,441,000. Morgan Stanley raised its stake in Attunity by 13,631.7% during the 3rd quarter. Morgan Stanley now owns 213,116 shares of the technology company’s stock valued at $4,025,000 after acquiring an additional 211,564 shares during the last quarter. Finally, Tibra Equities Europe Ltd purchased a new stake in Attunity during the 1st quarter valued at approximately $4,974,000. 51.42% of the stock is owned by institutional investors and hedge funds.

Attunity Company Profile

Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

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