State of Alaska Department of Revenue cut its position in Mimecast Limited (NASDAQ:MIME – Get Rating) by 2.0% during the first quarter, HoldingsChannel reports. The firm owned 8,763 shares of the technology company’s stock after selling 175 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mimecast were worth $697,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nordea Investment Management AB grew its position in shares of Mimecast by 4.3% in the 1st quarter. Nordea Investment Management AB now owns 152,708 shares of the technology company’s stock valued at $12,144,000 after buying an additional 6,292 shares during the last quarter. Syquant Capital Sas purchased a new position in shares of Mimecast in the 1st quarter valued at $7,970,000. Sheets Smith Investment Management purchased a new position in shares of Mimecast in the 4th quarter valued at $792,000. Beryl Capital Management LLC purchased a new position in shares of Mimecast in the 4th quarter valued at $6,551,000. Finally, Walleye Capital LLC purchased a new position in shares of Mimecast in the 4th quarter valued at $1,114,000. 83.55% of the stock is currently owned by hedge funds and other institutional investors.
MIME stock opened at $79.92 on Friday. Mimecast Limited has a one year low of $45.66 and a one year high of $85.48. The stock has a market capitalization of $5.35 billion, a PE 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. The company has a fifty day moving average of $79.87 and a 200-day moving average of $79.66.
A number of research analysts recently commented on the stock. StockNews.com raised shares of Mimecast from a “hold” rating to a “buy” rating in a research report on Monday, May 16th. HC Wainwright raised their price objective 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $76.87.
Mimecast 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.
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