Marshall Wace North America L.P. Invests $3.18 Million in QUANTENNA COMMS (QTNA)
Marshall Wace North America L.P. bought a new position in QUANTENNA COMMS (NASDAQ:QTNA) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 167,138 shares of the technology company’s stock, valued at approximately $3,176,000. Marshall Wace North America L.P. owned approximately 0.50% of QUANTENNA COMMS at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of QUANTENNA COMMS by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 60,662 shares of the technology company’s stock worth $1,153,000 after buying an additional 2,035 shares during the last quarter. Creative Planning purchased a new position in shares of QUANTENNA COMMS during the second quarter worth approximately $102,000. Norges Bank purchased a new position in shares of QUANTENNA COMMS during the fourth quarter worth approximately $181,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of QUANTENNA COMMS during the first quarter worth approximately $255,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of QUANTENNA COMMS by 135.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 25,636 shares of the technology company’s stock worth $534,000 after buying an additional 14,736 shares during the last quarter. Hedge funds and other institutional investors own 37.89% of the company’s stock.
Shares of QUANTENNA COMMS (NASDAQ:QTNA) opened at 18.78 on Friday. The company has a 50-day moving average of $18.64 and a 200-day moving average of $19.77. The stock’s market capitalization is $650.35 million. QUANTENNA COMMS has a 12 month low of $13.75 and a 12 month high of $25.45.
QUANTENNA COMMS (NASDAQ:QTNA) last announced its quarterly earnings data on Monday, August 7th. The technology company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $47.10 million for the quarter, compared to analyst estimates of $42.90 million. QUANTENNA COMMS’s quarterly revenue was up 42.7% on a year-over-year basis. On average, equities research analysts expect that QUANTENNA COMMS will post $0.27 EPS for the current fiscal year.
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A number of brokerages recently commented on QTNA. Needham & Company LLC reiterated a “buy” rating on shares of QUANTENNA COMMS in a research note on Tuesday, August 8th. Barclays PLC reiterated an “overweight” rating on shares of QUANTENNA COMMS in a research note on Friday, July 21st. Finally, Zacks Investment Research raised shares of QUANTENNA COMMS from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, July 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.83.
In other QUANTENNA COMMS news, CFO Sean Sobers sold 4,966 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $19.29, for a total transaction of $95,794.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Sam Heidari sold 5,600 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $18.92, for a total transaction of $105,952.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,933 shares of company stock valued at $2,911,552. 22.62% of the stock is owned by company insiders.
About QUANTENNA COMMS
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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