Susquehanna International Group LLP raised its stake in Mimecast Ltd (NASDAQ:MIME) by 198.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 55,872 shares of the technology company’s stock after purchasing an additional 37,131 shares during the period. Susquehanna International Group LLP owned 0.10% of Mimecast worth $1,588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its position in shares of Mimecast by 22.5% during the 3rd quarter. California Public Employees Retirement System now owns 34,413 shares of the technology company’s stock valued at $978,000 after buying an additional 6,313 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Mimecast by 94.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,050 shares of the technology company’s stock valued at $598,000 after buying an additional 10,238 shares during the last quarter. Granahan Investment Management Inc. MA grew its position in shares of Mimecast by 2.9% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 582,720 shares of the technology company’s stock valued at $16,561,000 after buying an additional 16,253 shares during the last quarter. Invictus RG bought a new stake in shares of Mimecast during the 3rd quarter valued at about $143,000. Finally, Brown Advisory Inc. grew its position in shares of Mimecast by 23.1% during the 3rd quarter. Brown Advisory Inc. now owns 1,671,109 shares of the technology company’s stock valued at $47,492,000 after buying an additional 313,455 shares during the last quarter. 58.69% of the stock is owned by institutional investors.

Mimecast Ltd (NASDAQ:MIME) opened at $28.09 on Friday. Mimecast Ltd has a 1 year low of $16.75 and a 1 year high of $32.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.32.

MIME has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $35.00 price objective on shares of Mimecast in a research report on Tuesday, September 12th. Jefferies Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of Mimecast in a research report on Sunday, September 10th. Dougherty & Co boosted their price objective on shares of Mimecast from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $33.00 price objective on shares of Mimecast in a research report on Wednesday, October 18th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $35.00 price objective (up previously from $32.00) on shares of Mimecast in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $32.75.

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About Mimecast

Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.

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Institutional Ownership by Quarter for Mimecast (NASDAQ:MIME)

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