Mimecast Limited (NASDAQ:MIME) Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC increased its stake in shares of Mimecast Limited (NASDAQ:MIME) by 91.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 74,525 shares of the technology company’s stock after acquiring an additional 35,592 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.11% of Mimecast worth $3,954,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Mimecast by 86.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 560 shares of the technology company’s stock worth $30,000 after acquiring an additional 260 shares in the last quarter. Marshall Wace LLP acquired a new position in Mimecast during the 1st quarter worth approximately $49,000. Eaton Vance Management acquired a new position in Mimecast during the 1st quarter worth approximately $74,000. Lazard Asset Management LLC raised its position in shares of Mimecast by 80.7% in the 1st quarter. Lazard Asset Management LLC now owns 2,886 shares of the technology company’s stock valued at $116,000 after purchasing an additional 1,289 shares in the last quarter. Finally, Stephens Inc. AR raised its position in shares of Mimecast by 14.9% in the 1st quarter. Stephens Inc. AR now owns 3,867 shares of the technology company’s stock valued at $155,000 after purchasing an additional 500 shares in the last quarter. 81.87% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Peter Bauer sold 17,500 shares of the stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $54.17, for a total value of $947,975.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Dino Dimarino sold 3,066 shares of the stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $68.91, for a total value of $211,278.06. Following the completion of the transaction, the executive now directly owns 11,194 shares of the company’s stock, valued at approximately $771,378.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,549 shares of company stock valued at $12,015,732. 8.00% of the stock is owned by company insiders.

A number of equities analysts have issued reports on the company. Royal Bank of Canada upped their target price on Mimecast from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, August 2nd. BMO Capital Markets upped their target price on Mimecast from $52.00 to $66.00 and gave the company a “market perform” rating in a research report on Wednesday, August 4th. JPMorgan Chase & Co. raised Mimecast from an “underweight” rating to a “neutral” rating and upped their target price for the company from $46.00 to $68.00 in a research report on Tuesday, August 3rd. Barclays upped their target price on Mimecast from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, July 15th. Finally, Colliers Securities reaffirmed a “buy” rating and issued a $75.00 target price on shares of Mimecast in a research report on Tuesday, August 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.43.

Shares of NASDAQ MIME opened at $66.77 on Wednesday. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 121.40, a price-to-earnings-growth ratio of 3.16 and a beta of 1.38. The business has a 50 day simple moving average of $61.85 and a 200-day simple moving average of $52.05. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.23. Mimecast Limited has a twelve month low of $37.03 and a twelve month high of $71.45.

Mimecast (NASDAQ:MIME) last issued its quarterly earnings data on Tuesday, August 3rd. The technology company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The firm had revenue of $142.55 million during the quarter, compared to the consensus estimate of $138.13 million. Mimecast had a return on equity of 10.84% and a net margin of 6.94%. The firm’s revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. As a group, equities analysts predict that Mimecast Limited will post 0.63 earnings per share for the current year.

Mimecast Profile

Mimecast Ltd. engages in the provision of cloud security and risk management services for corporate information and email. It develops in suite of cloud services designed to offer cyber resilience for email and deliver comprehensive email risk management beyond the primary mail server. The firm’s products allow to secure and stores corporate communications and information to address compliance and e-discovery requirements.

Further Reading: How Important is Technical Analysis of Stocks

Institutional Ownership by Quarter for Mimecast (NASDAQ:MIME)

Receive News & Ratings for Mimecast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mimecast and related companies with MarketBeat.com's FREE daily email newsletter.