Swiss National Bank Has $936,000 Position in Barracuda Networks, Inc. (CUDA)

Swiss National Bank continued to hold its stake in Barracuda Networks, Inc. (NYSE:CUDA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,500 shares of the communications equipment provider’s stock at the end of the first quarter. Swiss National Bank’s holdings in Barracuda Networks were worth $936,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CUDA. Norges Bank purchased a new stake in Barracuda Networks during the fourth quarter valued at about $20,352,000. Dimensional Fund Advisors LP raised its stake in Barracuda Networks by 52.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,032,111 shares of the communications equipment provider’s stock valued at $22,118,000 after buying an additional 353,726 shares in the last quarter. Teachers Advisors LLC raised its stake in Barracuda Networks by 981.4% in the fourth quarter. Teachers Advisors LLC now owns 379,655 shares of the communications equipment provider’s stock valued at $8,136,000 after buying an additional 344,547 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Barracuda Networks by 23,896.4% in the first quarter. BNP Paribas Arbitrage SA now owns 208,529 shares of the communications equipment provider’s stock valued at $4,819,000 after buying an additional 207,660 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Barracuda Networks by 25.6% in the fourth quarter. Renaissance Technologies LLC now owns 692,200 shares of the communications equipment provider’s stock valued at $14,834,000 after buying an additional 141,000 shares in the last quarter. 62.81% of the stock is owned by institutional investors.

Barracuda Networks, Inc. (CUDA) opened at 23.85 on Monday. The company has a 50 day moving average of $22.41 and a 200-day moving average of $22.65. Barracuda Networks, Inc. has a 12-month low of $17.50 and a 12-month high of $26.69. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 125.53 and a beta of 3.33.

Barracuda Networks (NYSE:CUDA) last issued its earnings results on Monday, April 17th. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The company had revenue of $89.26 million during the quarter, compared to analysts’ expectations of $88.39 million. Barracuda Networks had a negative return on equity of 224.23% and a net margin of 2.90%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. On average, equities research analysts forecast that Barracuda Networks, Inc. will post $0.77 earnings per share for the current year.

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A number of brokerages have issued reports on CUDA. Robert W. Baird reaffirmed a “buy” rating on shares of Barracuda Networks in a report on Tuesday, April 18th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $32.00 price objective on shares of Barracuda Networks in a report on Monday, March 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Barracuda Networks in a report on Wednesday, April 19th. TheStreet raised shares of Barracuda Networks from a “d” rating to a “c” rating in a report on Monday, April 17th. Finally, Zacks Investment Research lowered shares of Barracuda Networks from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Barracuda Networks currently has a consensus rating of “Buy” and a consensus target price of $26.78.

In related news, CFO Dustin Driggs sold 1,250 shares of the stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $23.32, for a total transaction of $29,150.00. Following the transaction, the chief financial officer now owns 37,453 shares of the company’s stock, valued at approximately $873,403.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Diane Honda sold 2,101 shares of the stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $23.46, for a total value of $49,289.46. Following the transaction, the vice president now directly owns 54,896 shares in the company, valued at approximately $1,287,860.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,062 shares of company stock valued at $515,273. 13.90% of the stock is owned by company insiders.

Barracuda Networks Company Profile

Barracuda Networks, Inc designs and delivers security and data protection solutions. The Company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its solutions are designed to manage information technology operations for its customers.

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Institutional Ownership by Quarter for Barracuda Networks (NYSE:CUDA)

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