Nordea Investment Management AB grew its position in Mimecast Limited (NASDAQ:MIME – Get Rating) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,708 shares of the technology company’s stock after purchasing an additional 6,292 shares during the period. Nordea Investment Management AB’s holdings in Mimecast were worth $12,144,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. USA Financial Portformulas Corp acquired a new position in shares of Mimecast in the fourth quarter valued at about $36,000. Evoke Wealth LLC purchased a new stake in shares of Mimecast in the fourth quarter worth about $39,000. North Star Investment Management Corp. boosted its stake in shares of Mimecast by 61.5% in the fourth quarter. North Star Investment Management Corp. now owns 525 shares of the technology company’s stock worth $42,000 after buying an additional 200 shares during the last quarter. CWM LLC purchased a new stake in shares of Mimecast in the fourth quarter worth about $48,000. Finally, Sphinx Trading LP purchased a new stake in shares of Mimecast in the fourth quarter worth about $80,000. 83.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mimecast stock opened at $79.92 on Friday. The business has a 50 day simple moving average of $79.83 and a two-hundred day simple moving average of $79.60. Mimecast Limited has a 12 month low of $45.66 and a 12 month high of $85.48. The stock has a market capitalization of $5.35 billion, a P/E ratio of 114.17 and a beta of 1.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.58.
MIME has been the topic of a number of recent research reports. StockNews.com upgraded Mimecast from a “hold” rating to a “buy” rating in a research note on Monday, May 16th. HC Wainwright increased their price target on Mimecast from $64.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, May 23rd. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.87.
About Mimecast (Get Rating)
Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services.
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