Cortina Asset Management LLC Buys 114,148 Shares of Quantenna Comms (QTNA)
Cortina Asset Management LLC increased its stake in Quantenna Comms (NASDAQ:QTNA) by 31.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 473,767 shares of the technology company’s stock after acquiring an additional 114,148 shares during the period. Cortina Asset Management LLC owned about 1.37% of Quantenna Comms worth $7,964,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Quantenna Comms in the 3rd quarter valued at about $592,000. Quantum Capital Management bought a new position in Quantenna Comms during the 3rd quarter valued at approximately $1,185,000. Bank of New York Mellon Corp raised its position in Quantenna Comms by 122.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 135,043 shares of the technology company’s stock valued at $2,269,000 after purchasing an additional 74,381 shares during the last quarter. New York State Common Retirement Fund raised its position in Quantenna Comms by 208.2% during the 3rd quarter. New York State Common Retirement Fund now owns 69,664 shares of the technology company’s stock valued at $1,171,000 after purchasing an additional 47,064 shares during the last quarter. Finally, Ardsley Advisory Partners bought a new position in Quantenna Comms during the 2nd quarter valued at approximately $4,183,000. 39.06% of the stock is owned by institutional investors.
QTNA has been the subject of a number of recent analyst reports. Barclays PLC lowered their price target on Quantenna Comms from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, August 8th. Zacks Investment Research lowered Quantenna Comms from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. ValuEngine lowered Quantenna Comms from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Needham & Company LLC lowered their price target on Quantenna Comms from $26.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 7th. Finally, Roth Capital lowered their price target on Quantenna Comms from $27.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $21.50.
Quantenna Comms (NASDAQ QTNA) traded down $0.01 on Wednesday, reaching $12.52. The company’s stock had a trading volume of 412,000 shares, compared to its average volume of 335,585. The company has a market cap of $441.32 and a price-to-earnings ratio of 125.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.06 and a quick ratio of 3.51. Quantenna Comms has a fifty-two week low of $9.60 and a fifty-two week high of $25.45.
In other Quantenna Comms news, SVP Lionel Bonnot sold 8,700 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $18.76, for a total transaction of $163,212.00. Following the transaction, the senior vice president now owns 19,468 shares in the company, valued at approximately $365,219.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David William Carroll sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $17.53, for a total value of $122,710.00. Following the transaction, the senior vice president now owns 44,149 shares in the company, valued at approximately $773,931.97. The disclosure for this sale can be found here. Insiders have sold a total of 122,807 shares of company stock worth $2,009,839 in the last quarter. Company insiders own 22.62% of the company’s stock.
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Quantenna Comms 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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