Taube Hodson Stonex Partners Llp Lowers stake in NetSuite Inc (N)

NetSuite Inc (N) : Taube Hodson Stonex Partners Llp reduced its stake in NetSuite Inc by 17.5% during the most recent quarter end. The investment management company now holds a total of 372,218 shares of NetSuite Inc which is valued at $28,809,673 after selling 78,950 shares in NetSuite Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.NetSuite Inc makes up approximately 5.40% of Taube Hodson Stonex Partners Llp’s portfolio.

NetSuite Inc opened for trading at $76.15 and hit $77.925 on the upside on Friday, eventually ending the session at $77.4, with a gain of 0.91% or 0.7 points. The heightened volatility saw the trading volume jump to 8,40,454 shares. Company has a market cap of $6,191 M.

Other Hedge Funds, Including , Joel Isaacson reduced its stake in N by selling 1,200 shares or 23.08% in the most recent quarter. The Hedge Fund company now holds 4,000 shares of N which is valued at $309,600. NetSuite Inc makes up approx 0.07% of Joel Isaacson’s portfolio.Santa Fe Partners reduced its stake in N by selling 4,497 shares or 24.86% in the most recent quarter. The Hedge Fund company now holds 13,592 shares of N which is valued at $975,226. NetSuite Inc makes up approx 0.16% of Santa Fe Partners’s portfolio.Mai Capital Management boosted its stake in N in the latest quarter, The investment management firm added 1,572 additional shares and now holds a total of 5,247 shares of NetSuite Inc which is valued at $369,441. NetSuite Inc makes up approx 0.03% of Mai Capital Management’s portfolio. Edge Wealth Management sold out all of its stake in N during the most recent quarter. The investment firm sold 200 shares of N which is valued $14,082.

On the company’s financial health, NetSuite Inc reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.04. The company had revenue of $206.23 million for the quarter, compared to analysts expectations of $204.40 million. The company’s revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on NetSuite Inc. Shares were Reiterated by Barclays on Feb 10, 2016 to “Equal Weight” and Lowered the Price Target to $ 65 from a previous price target of $97 .Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 80 from a previous price target of $90 .Canaccord Genuity Upgraded NetSuite Inc on Jan 29, 2016 to ” Buy”, Price Target of the shares are set at $100.

NetSuite Inc. (NetSuite) is a provider of cloud-based financials enterprise resource planning (ERP) and omnichannel commerce software suites. The Company’s offerings include NetSuite NetSuite OneWorld NetSuite CRM+ NetSuite OpenAir PSA SuiteCommerce NetSuite POS TribeHR LightCMS Add-On Modules NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite which provides core business management capabilities. NetSuite OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Company’s technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

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