Attunity (ATTU) Sees Large Volume Increase

Shares of Attunity Ltd (NASDAQ:ATTU) saw unusually-strong trading volume on Thursday . Approximately 7,966,939 shares traded hands during mid-day trading, an increase of 829% from the previous session’s volume of 857,315 shares.The stock last traded at $23.54 and had previously closed at $19.93.

Several analysts have recently weighed in on ATTU shares. Craig Hallum lowered shares of Attunity from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. BidaskClub upgraded shares of Attunity from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 17th. TheStreet upgraded shares of Attunity from a “c” rating to a “b-” rating in a research note on Friday, November 2nd. Finally, Zacks Investment Research lowered shares of Attunity from a “buy” rating to a “hold” rating in a research note on Monday, November 5th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $24.50.

The company has a market cap of $425.30 million, a P/E ratio of 73.56 and a beta of 1.99.

Attunity (NASDAQ:ATTU) last announced its quarterly earnings results on Thursday, January 31st. The technology company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.10. The business had revenue of $25.98 million during the quarter, compared to analyst estimates of $23.70 million. Attunity had a net margin of 6.95% and a return on equity of 11.23%. Equities analysts anticipate that Attunity Ltd will post 0.29 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN bought a new stake in Attunity during the 3rd quarter valued at $120,000. Cambridge Investment Research Advisors Inc. bought a new stake in Attunity during the 3rd quarter valued at $209,000. Raymond James & Associates bought a new stake in Attunity during the 4th quarter valued at $225,000. Blair William & Co. IL increased its stake in Attunity by 27.2% during the 3rd quarter. Blair William & Co. IL now owns 15,900 shares of the technology company’s stock valued at $300,000 after purchasing an additional 3,400 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its stake in Attunity by 98.3% during the 3rd quarter. FNY Investment Advisers LLC now owns 27,770 shares of the technology company’s stock valued at $524,000 after purchasing an additional 13,765 shares in the last quarter. Institutional investors and hedge funds own 48.95% of the company’s stock.

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About Attunity (NASDAQ:ATTU)

Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

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