Nisa Investment Advisors LLC decreased its position in Mimecast Limited (NASDAQ:MIME – Get Rating) by 6.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,248 shares of the technology company’s stock after selling 162 shares during the period. Nisa Investment Advisors LLC’s holdings in Mimecast were worth $179,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of MIME. Pentwater Capital Management LP acquired a new position in shares of Mimecast during the fourth quarter valued at about $114,183,000. Woodline Partners LP acquired a new position in shares of Mimecast during the fourth quarter valued at about $19,656,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Mimecast by 20.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,287,754 shares of the technology company’s stock valued at $102,467,000 after purchasing an additional 217,779 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Mimecast by 60.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 529,533 shares of the technology company’s stock worth $42,135,000 after acquiring an additional 198,683 shares in the last quarter. Finally, Alpine Associates Management Inc. bought a new stake in shares of Mimecast during the fourth quarter worth about $14,792,000. Institutional investors and hedge funds own 83.55% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on MIME shares. StockNews.com raised shares of Mimecast from a “hold” rating to a “buy” rating in a research report on Monday, May 16th. HC Wainwright boosted their target price on shares of Mimecast from $64.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, May 23rd. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $76.87.
Mimecast Stock Performance
Shares of MIME stock opened at $79.92 on Thursday. Mimecast Limited has a 52-week low of $45.66 and a 52-week high of $85.48. The company has a 50-day simple moving average of $79.92 and a two-hundred day simple moving average of $79.71. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 114.17 and a beta of 1.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.58 and a current ratio of 1.58.
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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