Retirement Systems of Alabama increased its holdings in shares of Mimecast Limited (NASDAQ:MIME – Get Rating) by 1.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 81,695 shares of the technology company’s stock after purchasing an additional 838 shares during the period. Retirement Systems of Alabama’s holdings in Mimecast were worth $6,500,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pentwater Capital Management LP purchased a new stake in Mimecast during the 4th quarter worth approximately $114,183,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Mimecast by 20.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,287,754 shares of the technology company’s stock worth $102,467,000 after buying an additional 217,779 shares during the period. Bank of New York Mellon Corp increased its stake in Mimecast by 28.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 977,021 shares of the technology company’s stock worth $62,139,000 after buying an additional 218,759 shares during the period. Dimensional Fund Advisors LP increased its stake in Mimecast by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 768,183 shares of the technology company’s stock worth $61,124,000 after buying an additional 8,011 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Mimecast by 60.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 529,533 shares of the technology company’s stock worth $42,135,000 after buying an additional 198,683 shares during the period. 83.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mimecast stock opened at $79.92 on Wednesday. The company has a fifty day simple moving average of $79.86 and a 200-day simple moving average of $79.65. Mimecast Limited has a 12-month low of $45.66 and a 12-month high of $85.48. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 114.17 and a beta of 1.35.
A number of equities research analysts have commented on the stock. HC Wainwright increased their price objective on shares of Mimecast from $64.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, May 23rd. StockNews.com raised shares of Mimecast from a “hold” rating to a “buy” rating in a research report on Monday, May 16th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Mimecast has an average rating of “Hold” and an average price target of $76.87.
Mimecast Company Profile (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.
Want to see what other hedge funds are holding MIME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mimecast Limited (NASDAQ:MIME – Get Rating).
Receive News & Ratings for Mimecast Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Mimecast and related companies with MarketBeat.com’s FREE daily email newsletter.