Penserra Capital Management Lowers stake in Barracuda Networks Inc (CUDA)

Barracuda Networks Inc (CUDA) : Penserra Capital Management reduced its stake in Barracuda Networks Inc by 8.81% during the most recent quarter end. The investment management company now holds a total of 1,997,508 shares of Barracuda Networks Inc which is valued at $33,158,633 after selling 192,996 shares in Barracuda Networks Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.Barracuda Networks Inc makes up approximately 4.84% of Penserra Capital Management’s portfolio.

Other Hedge Funds, Including , Tfs Capital sold out all of its stake in CUDA during the most recent quarter. The investment firm sold 137,990 shares of CUDA which is valued $2,290,634.Tiaa Cref Investment Management boosted its stake in CUDA in the latest quarter, The investment management firm added 1,699 additional shares and now holds a total of 94,400 shares of Barracuda Networks Inc which is valued at $1,534,000.Swiss National Bank boosted its stake in CUDA in the latest quarter, The investment management firm added 6,100 additional shares and now holds a total of 29,200 shares of Barracuda Networks Inc which is valued at $474,500. Capital Fund Management S.a. added CUDA to its portfolio by purchasing 11,900 company shares during the most recent quarter which is valued at $193,375.

Barracuda Networks Inc closed down -0.46 points or -2.77% at $16.14 with 12,97,159 shares getting traded on Monday. Post opening the session at $16.42, the shares hit an intraday low of $14.92 and an intraday high of $16.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Barracuda Networks Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.08. The company had revenue of $83.70 million for the quarter, compared to analysts expectations of $80.87 million. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Many Wall Street Analysts have commented on Barracuda Networks Inc. Company shares were Reiterated by Imperial Capital on May 3, 2016 to “In-line”, Firm has raised the Price Target to $ 16 from a previous price target of $12 .Company shares were Reiterated by Imperial Capital on May 2, 2016 to “In-line”, Firm has raised the Price Target to $ 16 from a previous price target of $12 .

Barracuda Networks Inc. (Barracuda Networks) designs and delivers security and storage solutions. The Company offers cloud-connected solutions for its customers to address security threats improve network performance and protect and store their data. The Company’s security and storage solutions are connected to its cloud services which enable continuous software updates offsite redundancy and distributed capacity and are offered on a subscription basis. Its solutions are delivered as cloud-connected appliances and virtual appliances as well as cloud-only solutions. Its cloud-only solutions are designed for customers who cannot or do not wish to deploy additional on-premises infrastructure. The Company’s appliances and virtual appliances leverage its cloud services to deliver hybrid cloud-connected solutions to its customers. Its security offerings include e-mail security Web security next-generation firewall application security and integrated network security among others.

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