Old Mutual Global Investors UK Ltd. increased its stake in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 181.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 432,933 shares of the technology company’s stock after acquiring an additional 279,115 shares during the quarter. Old Mutual Global Investors UK Ltd. owned about 1.30% of Shutterfly worth $20,564,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Elkfork Partners LLC bought a new position in shares of Shutterfly during the first quarter worth $116,000. LS Investment Advisors LLC boosted its position in shares of Shutterfly by 132.9% during the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock worth $137,000 after acquiring an additional 1,648 shares during the last quarter. Meadow Creek Investment Management LLC bought a new position in shares of Shutterfly during the first quarter worth $141,000. Ameritas Investment Partners Inc. bought a new position in shares of Shutterfly during the first quarter worth $144,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Shutterfly during the first quarter worth $180,000.

Shares of Shutterfly, Inc. (SFLY) opened at 45.92 on Thursday. The stock has a 50 day moving average of $46.61 and a 200 day moving average of $48.11. Shutterfly, Inc. has a 52 week low of $41.91 and a 52 week high of $53.99. The stock has a market cap of $1.53 billion, a P/E ratio of 280.00 and a beta of 0.89.

Shutterfly (NASDAQ:SFLY) last released its earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by $0.13. The firm had revenue of $209.03 million for the quarter, compared to analysts’ expectations of $209.46 million. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.48) earnings per share. On average, analysts expect that Shutterfly, Inc. will post $0.47 earnings per share for the current year.

In related news, insider Lisa Blackwood-Kapral sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $46.56, for a total value of $58,200.00. Following the completion of the transaction, the insider now directly owns 1,250 shares of the company’s stock, valued at $58,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 1,436 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $48.17, for a total value of $69,172.12. Following the completion of the transaction, the director now directly owns 5,363 shares of the company’s stock, valued at $258,335.71. The disclosure for this sale can be found here. Insiders sold 32,272 shares of company stock valued at $1,562,998 over the last ninety days. 5.70% of the stock is currently owned by corporate insiders.

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A number of equities research analysts recently issued reports on SFLY shares. BidaskClub downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $57.00 price target on shares of Shutterfly in a research note on Tuesday, May 16th. Zacks Investment Research raised shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a research note on Friday, July 28th. ValuEngine downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $53.00 price target on shares of Shutterfly in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Shutterfly has a consensus rating of “Hold” and a consensus price target of $54.10.

Shutterfly Company Profile

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.

Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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