Swiss National Bank held its position in shares of Barracuda Networks Inc (NYSE:CUDA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,500 shares of the communications equipment provider’s stock at the end of the first quarter. Swiss National Bank owned 0.08% of Barracuda Networks worth $936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Barracuda Networks by 83.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,020 shares of the communications equipment provider’s stock valued at $648,000 after buying an additional 12,746 shares in the last quarter. Comerica Bank purchased a new stake in shares of Barracuda Networks during the first quarter valued at $949,000. Renaissance Group LLC purchased a new stake in shares of Barracuda Networks during the first quarter valued at $318,000. BNP Paribas Arbitrage SA increased its stake in Barracuda Networks by 23,896.4% in the first quarter. BNP Paribas Arbitrage SA now owns 208,529 shares of the communications equipment provider’s stock worth $4,819,000 after buying an additional 207,660 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Barracuda Networks by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 122,232 shares of the communications equipment provider’s stock worth $2,825,000 after buying an additional 4,694 shares during the period. Institutional investors own 63.67% of the company’s stock.

Shares of Barracuda Networks Inc (CUDA) traded down 0.53% on Friday, reaching $22.71. 293,577 shares of the company traded hands. The firm’s 50 day moving average is $22.89 and its 200 day moving average is $22.73. The company has a market capitalization of $1.20 billion, a P/E ratio of 119.53 and a beta of 3.30. Barracuda Networks Inc has a one year low of $19.06 and a one year high of $26.69.

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings results on Monday, July 10th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Barracuda Networks had a return on equity of 127.44% and a net margin of 2.84%. The business had revenue of $94.18 million for the quarter, compared to analyst estimates of $91.18 million. During the same period last year, the company earned $0.20 EPS. Barracuda Networks’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts expect that Barracuda Networks Inc will post $0.76 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on the stock. Robert W. Baird reissued a “buy” rating on shares of Barracuda Networks in a research report on Tuesday, July 11th. Stifel Nicolaus reissued a “buy” rating and issued a $32.00 target price on shares of Barracuda Networks in a research report on Wednesday, July 19th. DA Davidson decreased their price target on shares of Barracuda Networks from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, April 18th. Imperial Capital restated an “underperform” rating and set a $21.00 price target on shares of Barracuda Networks in a report on Sunday, April 9th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $28.00 price target (down from $29.00) on shares of Barracuda Networks in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $26.59.

In other Barracuda Networks news, SVP Michael D. Hughes sold 4,468 shares of Barracuda Networks stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $22.55, for a total transaction of $100,753.40. Following the completion of the transaction, the senior vice president now owns 163,875 shares in the company, valued at $3,695,381.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dustin Driggs sold 1,250 shares of Barracuda Networks stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.63, for a total value of $28,287.50. Following the completion of the sale, the chief financial officer now directly owns 105,471 shares of the company’s stock, valued at approximately $2,386,808.73. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 501,766 shares of company stock worth $12,073,560. 13.90% of the stock is owned by corporate insiders.

Barracuda Networks Company 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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