Nationwide Fund Advisors grew its holdings in shares of Quantenna Comms (NASDAQ:QTNA) by 537.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,973 shares of the technology company’s stock after buying an additional 10,095 shares during the quarter. Nationwide Fund Advisors’ holdings in Quantenna Comms were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in QTNA. Bank of New York Mellon Corp raised its position in shares of Quantenna Comms by 335.3% during the 1st quarter. Bank of New York Mellon Corp now owns 58,627 shares of the technology company’s stock valued at $1,221,000 after buying an additional 45,159 shares in the last quarter. FMR LLC raised its position in shares of Quantenna Comms by 44.0% during the 1st quarter. FMR LLC now owns 523,411 shares of the technology company’s stock valued at $10,903,000 after buying an additional 159,811 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Quantenna Comms by 50.3% during the 1st quarter. Vanguard Group Inc. now owns 320,565 shares of the technology company’s stock valued at $6,677,000 after buying an additional 107,262 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Quantenna Comms by 21.6% during the 1st quarter. Geode Capital Management LLC now owns 87,555 shares of the technology company’s stock valued at $1,823,000 after buying an additional 15,546 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Quantenna Comms during the 1st quarter valued at about $1,025,000. Hedge funds and other institutional investors own 37.31% of the company’s stock.

In related news, SVP Lionel Bonnot sold 9,474 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $16.41, for a total transaction of $155,468.34. Following the transaction, the senior vice president now directly owns 17,426 shares in the company, valued at approximately $285,960.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Sam Heidari sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $15.15, for a total transaction of $30,300.00. Following the transaction, the chairman now owns 70,700 shares in the company, valued at $1,071,105. The disclosure for this sale can be found here. Insiders have sold a total of 121,333 shares of company stock worth $2,035,914 over the last quarter. 22.62% of the stock is currently owned by insiders.

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Quantenna Comms (QTNA) opened at $12.44 on Tuesday. The company has a market cap of $423.36 and a PE ratio of 120.20. Quantenna Comms has a fifty-two week low of $9.60 and a fifty-two week high of $25.45. The company has a current ratio of 4.06, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01.

Several analysts have recently issued reports on QTNA shares. Barclays PLC restated an “overweight” rating on shares of Quantenna Comms in a research report on Friday, July 21st. Needham & Company LLC restated a “buy” rating on shares of Quantenna Comms in a research report on Tuesday, August 8th. Roth Capital decreased their target price on shares of Quantenna Comms from $27.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. ValuEngine cut shares of Quantenna Comms from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research cut shares of Quantenna Comms from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Quantenna Comms currently has an average rating of “Buy” and a consensus price target of $21.50.

Quantenna Comms 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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Institutional Ownership by Quarter for Quantenna Comms (NASDAQ:QTNA)

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