Legal & General Group Plc raised its position in Barracuda Networks Inc (NYSE:CUDA) by 1,035.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,378 shares of the communications equipment provider’s stock after acquiring an additional 63,266 shares during the quarter. Legal & General Group Plc owned 0.13% of Barracuda Networks worth $1,680,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Barracuda Networks by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,793 shares of the communications equipment provider’s stock valued at $111,000 after buying an additional 717 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Barracuda Networks during the 2nd quarter valued at approximately $113,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Barracuda Networks during the 3rd quarter valued at approximately $162,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Barracuda Networks by 17.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,374 shares of the communications equipment provider’s stock valued at $167,000 after buying an additional 1,104 shares during the last quarter. Finally, Exane Derivatives boosted its stake in shares of Barracuda Networks by 1,004.9% during the 3rd quarter. Exane Derivatives now owns 7,624 shares of the communications equipment provider’s stock valued at $185,000 after buying an additional 6,934 shares during the last quarter. 75.79% of the stock is owned by institutional investors.

Barracuda Networks Inc (CUDA) opened at $27.50 on Friday. Barracuda Networks Inc has a one year low of $19.06 and a one year high of $27.95. The stock has a market capitalization of $1,474.11, a price-to-earnings ratio of 88.71, a P/E/G ratio of 7.28 and a beta of 3.28.

Barracuda Networks (NYSE:CUDA) last announced its quarterly earnings data on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.21 earnings per share. sell-side analysts forecast that Barracuda Networks Inc will post 0.32 EPS for the current fiscal year.

Several research firms have recently commented on CUDA. JPMorgan Chase & Co. cut Barracuda Networks from an “overweight” rating to a “neutral” rating and set a $27.55 target price for the company. in a research note on Tuesday, December 12th. ValuEngine upgraded Barracuda Networks from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. Needham & Company LLC cut Barracuda Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Stephens cut Barracuda Networks from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 28th. Finally, Zacks Investment Research upgraded Barracuda Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.60.

In other Barracuda Networks news, SVP Michael D. Hughes sold 1,390 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $21.97, for a total value of $30,538.30. Following the sale, the senior vice president now directly owns 155,118 shares in the company, valued at $3,407,942.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dustin Driggs sold 1,250 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $23.10, for a total value of $28,875.00. Following the completion of the sale, the chief financial officer now owns 102,905 shares in the company, valued at $2,377,105.50. The disclosure for this sale can be found here. Insiders sold 992,082 shares of company stock worth $25,135,432 over the last quarter. 13.90% of the stock is currently owned by company insiders.

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Barracuda Networks 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.

Institutional Ownership by Quarter for Barracuda Networks (NYSE:CUDA)

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