Hershey Trust Co buys $419,539 stake in Barracuda Networks Inc (CUDA)

Barracuda Networks Inc (CUDA) : Hershey Trust Co scooped up 10,245 additional shares in Barracuda Networks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 19,827 shares of Barracuda Networks Inc which is valued at $419,539.Barracuda Networks Inc makes up approximately 0.01% of Hershey Trust Co’s portfolio.

Other Hedge Funds, Including , Hamilton Lane Advisors added CUDA to its portfolio by purchasing 49,322 company shares during the most recent quarter which is valued at $975,589. Barracuda Networks Inc makes up approx 0.46% of Hamilton Lane Advisors’s portfolio.Cutler Group Lp boosted its stake in CUDA in the latest quarter, The investment management firm added 113,357 additional shares and now holds a total of 116,365 shares of Barracuda Networks Inc which is valued at $2,301,700. Barracuda Networks Inc makes up approx 0.16% of Cutler Group Lp’s portfolio. Edge Wealth Management sold out all of its stake in CUDA during the most recent quarter. The investment firm sold 5,000 shares of CUDA which is valued $92,150.Bnp Paribas Arbitrage Sa reduced its stake in CUDA by selling 411 shares or 3.19% in the most recent quarter. The Hedge Fund company now holds 12,454 shares of CUDA which is valued at $229,527.

Barracuda Networks Inc opened for trading at $21.71 and hit $22.44 on the upside on Thursday, eventually ending the session at $22.44, with a gain of 3.89% or 0.84 points. The heightened volatility saw the trading volume jump to 5,59,586 shares. Company has a market cap of $1,170 M.

On the company’s financial health, Barracuda Networks Inc reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 7, 2016. Analyst had a consensus of $0.11. The company had revenue of $86.70 million for the quarter, compared to analysts expectations of $83.92 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Barracuda Networks Inc. Company shares were Reiterated by Imperial Capital on Jul 12, 2016 to “In-line”, Firm has raised the Price Target to $ 17 from a previous price target of $15 .Shares were Reiterated by Imperial Capital on Jun 30, 2016 to “In-line” and Lowered the Price Target to $ 15 from a previous price target of $16 .Barracuda Networks Inc was Downgraded by JMP Securities to ” Mkt Underperform” on Jun 6, 2016.

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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