Rhumbline Advisers grew its holdings in Shutterfly, Inc. (NASDAQ:SFLY) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,906 shares of the technology company’s stock after purchasing an additional 3,462 shares during the quarter. Rhumbline Advisers owned 0.24% of Shutterfly worth $7,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC purchased a new position in shares of Shutterfly in the first quarter valued at approximately $187,000. Denali Advisors LLC purchased a new position in shares of Shutterfly in the second quarter valued at approximately $189,000. Element Capital Management LLC purchased a new position in shares of Shutterfly in the first quarter valued at approximately $207,000. DRW Securities LLC purchased a new position in shares of Shutterfly in the first quarter valued at approximately $227,000. Finally, Bank of Montreal Can purchased a new position in shares of Shutterfly in the second quarter valued at approximately $253,000.

Several research firms have recently commented on SFLY. BidaskClub lowered shares of Shutterfly from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. ValuEngine downgraded shares of Shutterfly from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research downgraded shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Goldman Sachs Group upgraded shares of Shutterfly from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $50.00 to $87.00 in a research note on Wednesday, May 2nd. Finally, Robert W. Baird lifted their price target on shares of Shutterfly from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, July 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $95.00.

Shares of Shutterfly stock opened at $76.00 on Wednesday. Shutterfly, Inc. has a 52-week low of $39.76 and a 52-week high of $100.34. The company has a quick ratio of 1.66, a current ratio of 1.72 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $2.51 billion, a P/E ratio of 72.38, a PEG ratio of 1.09 and a beta of 0.99.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.96. Shutterfly had a net margin of 2.26% and a return on equity of 13.03%. The company had revenue of $443.37 million during the quarter, compared to the consensus estimate of $438.30 million. equities research analysts anticipate that Shutterfly, Inc. will post 2.88 EPS for the current fiscal year.

In related news, SVP Michele Anderson sold 9,030 shares of Shutterfly stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $75.95, for a total value of $685,828.50. Following the completion of the transaction, the senior vice president now owns 9,030 shares in the company, valued at $685,828.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher North sold 25,112 shares of Shutterfly stock in a transaction that occurred on Thursday, May 31st. The stock was sold at an average price of $94.68, for a total transaction of $2,377,604.16. Following the completion of the transaction, the chief executive officer now owns 62,394 shares of the company’s stock, valued at approximately $5,907,463.92. The disclosure for this sale can be found here. Insiders sold 141,950 shares of company stock valued at $12,779,703 in the last quarter. 1.30% of the stock is owned by insiders.

Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.

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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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