American Capital Management Inc buys $17,011,694 stake in FleetMatics Group PLC (FLTX)

FleetMatics Group PLC (FLTX) : American Capital Management Inc scooped up 149,575 additional shares in FleetMatics Group PLC during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 285,479 shares of FleetMatics Group PLC which is valued at $17,011,694.FleetMatics Group PLC makes up approximately 1.36% of American Capital Management Inc’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in FLTX in the latest quarter, The investment management firm added 9,702 additional shares and now holds a total of 135,800 shares of FleetMatics Group PLC which is valued at $8,092,322. FleetMatics Group PLC makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Tocqueville Asset Management reduced its stake in FLTX by selling 1,025 shares or 4.7% in the most recent quarter. The Hedge Fund company now holds 20,775 shares of FLTX which is valued at $892,494. FleetMatics Group PLC makes up approx 0.01% of Tocqueville Asset Management’s portfolio.Huntington National Bank boosted its stake in FLTX in the latest quarter, The investment management firm added 1,952 additional shares and now holds a total of 2,252 shares of FleetMatics Group PLC which is valued at $95,327.Wealthtrust-arizona boosted its stake in FLTX in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 249 shares of FleetMatics Group PLC which is valued at $10,637. FleetMatics Group PLC makes up approx 0.01% of Wealthtrust-arizona’s portfolio. Fox Run Management L.l.c. added FLTX to its portfolio by purchasing 12,500 company shares during the most recent quarter which is valued at $537,000. FleetMatics Group PLC makes up approx 0.25% of Fox Run Management L.l.c.’s portfolio.

FleetMatics Group PLC closed down -0.13 points or -0.22% at $59.37 with 14,76,995 shares getting traded on Monday. Post opening the session at $59.5, the shares hit an intraday low of $59.35 and an intraday high of $59.55 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, FleetMatics Group PLC reported $0.35 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $78.90 million for the quarter, compared to analysts expectations of $79.32 million. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on FleetMatics Group PLC. FleetMatics Group PLC was Downgraded by Citigroup to ” Neutral” on Aug 9, 2016. Company shares were Downgraded by Barclays on Aug 4, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 59 from a previous price target of $46 .Company shares were Downgraded by Imperial Capital on Aug 2, 2016 to ” In-line”, Firm has raised the Price Target to $ 60 from a previous price target of $50 .

Fleetmatics Group PLC is a holding company. The Company is a provider of fleet management solutions delivered as software-as-a-service (SaaS). Its mobile software platform enables businesses to manage their local fleets of commercial vehicles. It offers Web-based and mobile application solutions that provide fleet operators with access to vehicle location fuel usage speed and mileage and others into their mobile workforce. The Company’s product offerings include Fleetmatics REVEAL a business intelligence-based fleet management solution for small and midsize businesses (SMBs); Fleetmatics REVEAL+ which extends Fleetmatics REVEAL to larger enterprises and Fleetmatics WORK a field service management solution. The Company’s solutions include fleet management and field service management. The Company’s subsidiaries are Fleetmatics Ireland Limited Fleetmatics (UK) Limited Fleetmatics USA LLC Fleetmatics Netherlands B.V. Fleetmatics de Mexico Srl and Fleetmatics Pty Ltd.

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