Credit Suisse AG bought a new position in shares of Cheetah Mobile Inc (NASDAQ:CMCM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,551 shares of the software maker’s stock, valued at approximately $124,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CMCM. First Trust Advisors LP increased its position in shares of Cheetah Mobile by 37.3% during the first quarter. First Trust Advisors LP now owns 129,582 shares of the software maker’s stock worth $1,392,000 after acquiring an additional 35,224 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Cheetah Mobile during the first quarter worth about $286,000. BNP Paribas Arbitrage SA increased its position in shares of Cheetah Mobile by 16.2% during the first quarter. BNP Paribas Arbitrage SA now owns 59,667 shares of the software maker’s stock worth $641,000 after acquiring an additional 8,328 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Cheetah Mobile by 122.0% during the first quarter. UBS Asset Management Americas Inc. now owns 1,477,900 shares of the software maker’s stock worth $15,873,000 after acquiring an additional 812,300 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Cheetah Mobile by 115.6% during the first quarter. Schroder Investment Management Group now owns 68,866 shares of the software maker’s stock worth $716,000 after acquiring an additional 36,923 shares during the last quarter.

Shares of Cheetah Mobile Inc (NASDAQ:CMCM) traded up 1.42% during mid-day trading on Friday, reaching $9.26. The company had a trading volume of 980,655 shares. Cheetah Mobile Inc has a 52-week low of $8.91 and a 52-week high of $13.79. The company has a market capitalization of $1.29 billion and a PE ratio of 39.57. The company’s 50-day moving average price is $10.51 and its 200-day moving average price is $10.84.

Cheetah Mobile (NASDAQ:CMCM) last released its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. Cheetah Mobile had a net margin of 6.11% and a return on equity of 8.91%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company earned ($0.44) earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, analysts forecast that Cheetah Mobile Inc will post $0.43 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on CMCM shares. BidaskClub raised Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised Cheetah Mobile from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, June 20th. TheStreet raised Cheetah Mobile from a “d+” rating to a “c-” rating in a research report on Monday, May 22nd. Finally, Instinet reaffirmed a “neutral” rating and set a $12.00 target price (up from $11.50) on shares of Cheetah Mobile in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.00.

Cheetah Mobile Profile

Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.

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Institutional Ownership by Quarter for Cheetah Mobile (NASDAQ:CMCM)

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