IndexIQ Advisors LLC trimmed its position in shares of Mobileiron Inc (NASDAQ:MOBL) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 424,606 shares of the software maker’s stock after selling 34,635 shares during the quarter. IndexIQ Advisors LLC owned approximately 0.40% of Mobileiron worth $1,949,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in Mobileiron by 4,954.2% during the 3rd quarter. Bank of Montreal Can now owns 25,473 shares of the software maker’s stock valued at $135,000 after acquiring an additional 24,969 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in Mobileiron by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 43,962 shares of the software maker’s stock valued at $233,000 after acquiring an additional 15,637 shares in the last quarter. Algert Global LLC bought a new stake in Mobileiron during the 4th quarter valued at approximately $314,000. Rhumbline Advisers boosted its position in Mobileiron by 48.2% during the 4th quarter. Rhumbline Advisers now owns 94,341 shares of the software maker’s stock valued at $433,000 after acquiring an additional 30,670 shares in the last quarter. Finally, Swiss National Bank boosted its position in Mobileiron by 19.3% during the 3rd quarter. Swiss National Bank now owns 96,500 shares of the software maker’s stock valued at $511,000 after acquiring an additional 15,600 shares in the last quarter. 51.10% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Scott D. Hill acquired 19,396 shares of the company’s stock in a transaction on Monday, December 10th. The stock was acquired at an average price of $4.68 per share, with a total value of $90,773.28. Following the acquisition, the chief financial officer now directly owns 344,396 shares of the company’s stock, valued at $1,611,773.28. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 24.29% of the stock is owned by corporate insiders.

Several analysts have weighed in on the company. BidaskClub raised Mobileiron from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised Mobileiron from a “hold” rating to a “strong-buy” rating and set a $5.50 price target on the stock in a research report on Wednesday, November 7th.

NASDAQ:MOBL opened at $4.98 on Monday. The firm has a market capitalization of $525.66 million, a PE ratio of -11.86 and a beta of 1.75. Mobileiron Inc has a one year low of $3.98 and a one year high of $5.71.

Mobileiron (NASDAQ:MOBL) last issued its earnings results on Thursday, February 7th. The software maker reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $54.10 million during the quarter, compared to the consensus estimate of $54.40 million. Mobileiron had a negative net margin of 22.30% and a negative return on equity of 75.72%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, research analysts anticipate that Mobileiron Inc will post -0.27 earnings per share for the current fiscal year.

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About Mobileiron

MobileIron, Inc provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.

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Institutional Ownership by Quarter for Mobileiron (NASDAQ:MOBL)

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