Schwab Charles Investment Management Inc. Purchases New Holdings in Pluralsight Inc (PS)

Schwab Charles Investment Management Inc. purchased a new stake in Pluralsight Inc (NASDAQ:PS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 66,844 shares of the company’s stock, valued at approximately $1,635,000. Schwab Charles Investment Management Inc. owned about 0.05% of Pluralsight as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Insight Holdings Group LLC bought a new position in Pluralsight in the second quarter valued at about $1,091,606,000. Pier Capital LLC acquired a new position in Pluralsight in the second quarter valued at about $7,198,000. Massachusetts Financial Services Co. MA acquired a new position in Pluralsight in the second quarter valued at about $17,519,000. Sei Investments Co. acquired a new position in Pluralsight in the second quarter valued at about $1,073,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Pluralsight in the second quarter valued at about $847,000. Institutional investors and hedge funds own 50.51% of the company’s stock.

Several research firms have weighed in on PS. Barclays increased their target price on Pluralsight from $31.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, August 30th. JPMorgan Chase & Co. increased their target price on Pluralsight to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. Bank of America increased their target price on Pluralsight from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 2nd. SunTrust Banks increased their target price on Pluralsight to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, Needham & Company LLC increased their target price on Pluralsight from $29.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Pluralsight presently has an average rating of “Buy” and a consensus price target of $38.00.

NASDAQ PS opened at $24.12 on Friday. Pluralsight Inc has a one year low of $19.25 and a one year high of $38.37.

Pluralsight (NASDAQ:PS) last released its quarterly earnings results on Wednesday, August 1st. The company reported ($0.21) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.07. The business had revenue of $53.60 million for the quarter, compared to analyst estimates of $50.83 million. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. As a group, analysts predict that Pluralsight Inc will post -0.94 earnings per share for the current year.

About Pluralsight

Pluralsight, Inc operates a cloud-based technology learning platform worldwide. Its learning platform offers a range of tools, including skill assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include 6,700 on-demand and online courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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