TD Asset Management Inc. raised its stake in Mulesoft Inc (NASDAQ:MULE) by 70.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,559 shares of the company’s stock after buying an additional 12,259 shares during the period. TD Asset Management Inc.’s holdings in Mulesoft were worth $737,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MULE. Strs Ohio purchased a new position in Mulesoft during the first quarter valued at approximately $121,000. AO Asset Management LLC purchased a new position in Mulesoft during the first quarter valued at approximately $122,000. Nationwide Fund Advisors purchased a new position in Mulesoft during the first quarter valued at approximately $146,000. SG Americas Securities LLC purchased a new position in Mulesoft during the first quarter valued at approximately $183,000. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new position in Mulesoft during the first quarter valued at approximately $218,000.

Mulesoft Inc (NASDAQ:MULE) opened at 21.55 on Wednesday. The stock’s 50 day moving average price is $22.94 and its 200-day moving average price is $23.63. The company’s market capitalization is $2.78 billion. Mulesoft Inc has a 12 month low of $19.52 and a 12 month high of $29.00.

Mulesoft (NASDAQ:MULE) last announced its quarterly earnings data on Thursday, July 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The business had revenue of $69.20 million during the quarter, compared to the consensus estimate of $63.63 million. Mulesoft had a negative net margin of 28.36% and a negative return on equity of 30.07%. The business’s revenue was up 57.3% on a year-over-year basis. On average, equities research analysts predict that Mulesoft Inc will post ($0.39) EPS for the current fiscal year.

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Several research firms have commented on MULE. Piper Jaffray Companies reiterated a “buy” rating and issued a $27.00 target price on shares of Mulesoft in a research report on Monday, August 14th. Barclays PLC reiterated a “hold” rating and issued a $24.00 target price on shares of Mulesoft in a research report on Wednesday, August 2nd. William Blair reiterated an “outperform” rating on shares of Mulesoft in a research report on Sunday, July 30th. Oppenheimer Holdings, Inc. began coverage on Mulesoft in a research report on Thursday, June 8th. They issued a “market perform” rating for the company. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Mulesoft in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Mulesoft presently has an average rating of “Hold” and a consensus price target of $25.43.

Mulesoft Company Profile

MuleSoft, Inc is engaged in providing a software platform that connects a range of technologies. The Company enables organizations to manage and secure the flow of data between all systems in the enterprise. The Company offers organizations to create agile infrastructures. The Company has developed Anypoint Platform.

Institutional Ownership by Quarter for Mulesoft (NASDAQ:MULE)

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