State of New Jersey Common Pension Fund D Sells 3,732 Shares of Mimecast Limited (NASDAQ:MIME) | #emailsecurity | #phishing | #ransomware



State of New Jersey Common Pension Fund D cut its position in shares of Mimecast Limited (NASDAQ:MIME – Get Rating) by 10.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,248 shares of the technology company’s stock after selling 3,732 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Mimecast were worth $2,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mint Tower Capital Management B.V. increased its position in shares of Mimecast by 86.9% during the first quarter. Mint Tower Capital Management B.V. now owns 58,395 shares of the technology company’s stock valued at $4,646,000 after purchasing an additional 27,152 shares during the period. Davy Global Fund Management Ltd increased its position in shares of Mimecast by 25.1% during the first quarter. Davy Global Fund Management Ltd now owns 58,358 shares of the technology company’s stock valued at $4,643,000 after purchasing an additional 11,704 shares during the period. Parallel Advisors LLC increased its position in shares of Mimecast by 472.2% during the first quarter. Parallel Advisors LLC now owns 904 shares of the technology company’s stock valued at $72,000 after purchasing an additional 746 shares during the period. Comerica Bank increased its position in shares of Mimecast by 0.7% during the first quarter. Comerica Bank now owns 28,862 shares of the technology company’s stock valued at $2,299,000 after purchasing an additional 205 shares during the period. Finally, New York State Teachers Retirement System increased its position in shares of Mimecast by 5.0% during the first quarter. New York State Teachers Retirement System now owns 27,480 shares of the technology company’s stock valued at $2,186,000 after purchasing an additional 1,308 shares during the period. 83.55% of the stock is currently owned by institutional investors.

Mimecast Trading Up 0.0 %

NASDAQ:MIME opened at $79.92 on Monday. Mimecast Limited has a 1-year low of $45.66 and a 1-year high of $85.48. The business’s 50-day moving average price is $79.92 and its two-hundred day moving average price is $79.72. 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 firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 114.17 and a beta of 1.35.

Analyst Ratings Changes

A number of analysts have weighed in on the company. HC Wainwright upped their price target on Mimecast from $64.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, May 23rd. StockNews.com upgraded Mimecast from a “hold” rating to a “buy” rating in a research report on Monday, May 16th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Mimecast has an average rating of “Hold” and a consensus target price 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.

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Institutional Ownership by Quarter for Mimecast (NASDAQ:MIME)



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