JPMorgan Chase & Co. grew its stake in shares of Carbon Black Inc (NASDAQ:CBLK) by 6.0% in the 1st quarter, HoldingsChannel reports. The fund owned 530,202 shares of the company’s stock after purchasing an additional 29,965 shares during the quarter. JPMorgan Chase & Co.’s holdings in Carbon Black were worth $7,397,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Massachusetts Institute of Technology acquired a new position in Carbon Black during the 4th quarter worth $355,000. Hershey Trust Co. grew its holdings in Carbon Black by 81.5% during the 1st quarter. Hershey Trust Co. now owns 39,689 shares of the company’s stock worth $554,000 after acquiring an additional 17,816 shares in the last quarter. HarbourVest Partners LLC acquired a new position in Carbon Black during the 4th quarter worth $2,992,000. Geode Capital Management LLC grew its holdings in Carbon Black by 78.0% during the 4th quarter. Geode Capital Management LLC now owns 248,041 shares of the company’s stock worth $3,328,000 after acquiring an additional 108,697 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Carbon Black by 1,490.5% in the 4th quarter. Bank of New York Mellon Corp now owns 428,159 shares of the company’s stock valued at $5,746,000 after buying an additional 401,240 shares during the period. 61.89% of the stock is owned by institutional investors.
Shares of CBLK stock opened at $15.65 on Wednesday. Carbon Black Inc has a 52-week low of $11.80 and a 52-week high of $35.00. The firm has a market capitalization of $1.12 billion and a PE ratio of -11.18. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.08.
In other news, Director Ronald H. Nordin sold 86,750 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $19.00, for a total value of $1,648,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick Morley sold 277,830 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $19.00, for a total transaction of $5,278,770.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 464,580 shares of company stock valued at $8,544,020.
CBLK has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered shares of Carbon Black from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $15.00 in a research note on Thursday, February 21st. KeyCorp dropped their target price on shares of Carbon Black from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, February 21st. Zacks Investment Research upgraded shares of Carbon Black from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, February 21st. Robert W. Baird assumed coverage on shares of Carbon Black in a research report on Wednesday, April 3rd. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, ValuEngine downgraded shares of Carbon Black from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Carbon Black presently has an average rating of “Hold” and an average target price of $19.35.
TRADEMARK VIOLATION WARNING: “Carbon Black Inc (NASDAQ:CBLK) Holdings Lifted by JPMorgan Chase & Co.” was originally posted by WKRB News and is owned by of WKRB News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.wkrb13.com/2019/06/12/carbon-black-inc-nasdaqcblk-holdings-lifted-by-jpmorgan-chase-co.html.
Carbon Black Company Profile
Carbon Black, Inc provides security solutions in the United States and internationally. Its solutions enable customers to predict, prevent, detect, respond to, and remediate cyber-attacks before they cause a damaging incident or data breach. The company offers CB Predictive Security Cloud, a big data and analytics platform, which provides endpoint data collection, streaming analytics, collective intelligence, and open application program interfaces, as well as a set of security services.
Featured Story: How does new data get added to a blockchain?
Want to see what other hedge funds are holding CBLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carbon Black Inc (NASDAQ:CBLK).
Receive News & Ratings for Carbon Black Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbon Black and related companies with MarketBeat.com's FREE daily email newsletter.