New York State Common Retirement Fund raised its holdings in MobileIron, Inc. (NASDAQ:MOBL) by 20.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,600 shares of the software maker’s stock after buying an additional 7,099 shares during the period. New York State Common Retirement Fund owned 0.06% of MobileIron worth $258,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. American International Group Inc. increased its stake in shares of MobileIron by 7.1% during the 1st quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock worth $125,000 after purchasing an additional 1,904 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of MobileIron during the 1st quarter worth about $136,000. JPMorgan Chase & Co. increased its stake in shares of MobileIron by 320.7% during the 1st quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock worth $139,000 after purchasing an additional 24,301 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in shares of MobileIron during the 1st quarter worth about $154,000. Finally, Prudential Financial Inc. increased its stake in shares of MobileIron by 4.8% during the 2nd quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock worth $158,000 after purchasing an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 52.65% of the company’s stock.

In related news, VP Daniel C. Fields sold 52,383 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $3.77, for a total value of $197,483.91. Following the transaction, the vice president now owns 423,037 shares in the company, valued at approximately $1,594,849.49. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Daniel C. Fields sold 15,600 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $3.75, for a total transaction of $58,500.00. Following the completion of the transaction, the vice president now owns 423,037 shares in the company, valued at approximately $1,586,388.75. The disclosure for this sale can be found here. 31.70% of the stock is currently owned by corporate insiders.

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Several research analysts have recently weighed in on MOBL shares. Northland Securities set a $5.00 price objective on shares of MobileIron and gave the stock a “buy” rating in a research note on Wednesday, October 18th. BidaskClub lowered shares of MobileIron from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Imperial Capital lowered shares of MobileIron from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $5.50 to $4.00 in a research note on Wednesday, October 18th. Raymond James Financial, Inc. restated a “market perform” rating on shares of MobileIron in a research note on Wednesday, October 18th. Finally, UBS AG lowered shares of MobileIron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.30.

MobileIron, Inc. (NASDAQ:MOBL) opened at $3.95 on Tuesday. MobileIron, Inc. has a 52 week low of $3.20 and a 52 week high of $6.78.

MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). MobileIron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The company had revenue of $42.72 million during the quarter, compared to analyst estimates of $42.69 million. During the same quarter last year, the company posted ($0.07) EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. equities research analysts forecast that MobileIron, Inc. will post -0.61 earnings per share for the current fiscal year.

MobileIron Profile

MobileIron, Inc (MobileIron) provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. The Company’s solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities.

Institutional Ownership by Quarter for MobileIron (NASDAQ:MOBL)

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