Virginia Retirement Systems ET AL grew its position in Carbonite, Inc. (NASDAQ:CARB) by 14.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,800 shares of the technology company’s stock after buying an additional 4,200 shares during the quarter. Virginia Retirement Systems ET AL owned 0.12% of Carbonite worth $744,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Carbonite by 6.0% in the 2nd quarter. Renaissance Technologies LLC now owns 2,317,700 shares of the technology company’s stock valued at $50,526,000 after buying an additional 131,300 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Carbonite by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,686,093 shares of the technology company’s stock valued at $36,757,000 after buying an additional 217,337 shares in the last quarter. Crosslink Capital Inc. raised its position in shares of Carbonite by 7.2% in the 2nd quarter. Crosslink Capital Inc. now owns 1,312,983 shares of the technology company’s stock valued at $28,623,000 after buying an additional 87,900 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Carbonite by 30.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,056,900 shares of the technology company’s stock valued at $23,041,000 after buying an additional 249,343 shares in the last quarter. Finally, Hood River Capital Management LLC raised its position in shares of Carbonite by 132.3% in the 2nd quarter. Hood River Capital Management LLC now owns 783,723 shares of the technology company’s stock valued at $17,085,000 after buying an additional 446,308 shares in the last quarter. Institutional investors own 94.61% of the company’s stock.

Carbonite, Inc. (NASDAQ CARB) opened at $23.05 on Friday. The stock has a market cap of $649.77, a P/E ratio of 96.88, a P/E/G ratio of 2.36 and a beta of 0.38. Carbonite, Inc. has a 12-month low of $15.04 and a 12-month high of $27.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.12.

Carbonite (NASDAQ:CARB) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $61.60 million during the quarter, compared to analysts’ expectations of $61.49 million. Carbonite had a negative net margin of 1.32% and a positive return on equity of 32.85%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. analysts anticipate that Carbonite, Inc. will post 0.39 earnings per share for the current year.

In other Carbonite news, CFO Anthony Folger sold 7,992 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $23.45, for a total value of $187,412.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul S. Mellinger sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $22.10, for a total transaction of $165,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,928 shares of company stock valued at $818,387. 12.20% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on CARB shares. BidaskClub cut shares of Carbonite from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Rosenblatt Securities started coverage on shares of Carbonite in a research report on Monday, September 18th. They set a “buy” rating and a $28.00 price objective for the company. Oppenheimer reiterated a “buy” rating and set a $30.00 price objective on shares of Carbonite in a research report on Thursday, September 21st. Finally, JMP Securities started coverage on shares of Carbonite in a research report on Tuesday, October 17th. They set an “outperform” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Carbonite currently has an average rating of “Buy” and an average target price of $27.71.

TRADEMARK VIOLATION NOTICE: “Virginia Retirement Systems ET AL Has $744,000 Stake in Carbonite, Inc. (CARB)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/12/10/virginia-retirement-systems-et-al-has-744000-stake-in-carbonite-inc-carb.html.

Carbonite Profile

Carbonite, Inc provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service (DRaaS) and e-mail archiving. The Company’s solutions provide enterprise-grade data protection and recovery capabilities to its customers. The Company’s small and medium-sized businesses (SMBs) plans include Carbonite Computer Backup; Carbonite Server Backup, such as Carbonite Office Power and Carbonite Office Ultimate; EVault Cloud Backup; DRaaS, and e-mail archiving.

Want to see what other hedge funds are holding CARB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carbonite, Inc. (NASDAQ:CARB).

Institutional Ownership by Quarter for Carbonite (NASDAQ:CARB)

Receive News & Stock Ratings for Carbonite Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbonite Inc. and related stocks with our FREE daily email newsletter.