Dynamic Technology Lab Private Ltd boosted its holdings in Shutterfly, Inc. (NASDAQ:SFLY) by 509.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,208 shares of the technology company’s stock after acquiring an additional 20,234 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.07% of Shutterfly worth $1,595,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Advisors Preferred LLC lifted its position in Shutterfly by 116.6% in the 2nd quarter. Advisors Preferred LLC now owns 1,174 shares of the technology company’s stock valued at $106,000 after acquiring an additional 632 shares in the last quarter. Fortis Advisors LLC bought a new position in Shutterfly in the 2nd quarter valued at approximately $133,000. CIBC Asset Management Inc bought a new position in Shutterfly in the 2nd quarter valued at approximately $213,000. Highland Capital Management LP bought a new position in Shutterfly in the 2nd quarter valued at approximately $225,000. Finally, Tower Research Capital LLC TRC lifted its position in Shutterfly by 1,095.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the technology company’s stock valued at $226,000 after acquiring an additional 3,144 shares in the last quarter.
In related news, SVP Ishantha Lokuge sold 1,240 shares of the firm’s stock in a transaction on Thursday, October 18th. The stock was sold at an average price of $61.64, for a total value of $76,433.60. Following the transaction, the senior vice president now directly owns 6,260 shares of the company’s stock, valued at approximately $385,866.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Satish Menon sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $48.09, for a total value of $1,202,250.00. Following the completion of the transaction, the senior vice president now directly owns 12,448 shares in the company, valued at $598,624.32. The disclosure for this sale can be found here. Insiders have sold a total of 63,175 shares of company stock worth $3,586,398 over the last three months. Insiders own 0.80% of the company’s stock.
Several equities analysts recently issued reports on SFLY shares. Zacks Investment Research raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Aegis reaffirmed a “buy” rating and issued a $78.00 price objective (down from $100.00) on shares of Shutterfly in a research report on Friday, November 30th. SunTrust Banks lowered their price objective on Shutterfly to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 17th. TheStreet cut Shutterfly from a “b-” rating to a “c+” rating in a report on Tuesday, September 4th. Finally, ValuEngine cut Shutterfly from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $91.80.
NASDAQ SFLY opened at $46.01 on Friday. The firm has a market cap of $1.60 billion, a PE ratio of 43.82, a PEG ratio of 0.69 and a beta of 1.37. The company has a current ratio of 1.39, a quick ratio of 1.34 and a debt-to-equity ratio of 2.24. Shutterfly, Inc. has a 1-year low of $44.13 and a 1-year high of $100.34.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, October 30th. The technology company reported ($2.20) earnings per share for the quarter, beating the consensus estimate of ($2.42) by $0.22. The firm had revenue of $368.76 million for the quarter, compared to analysts’ expectations of $377.54 million. Shutterfly had a positive return on equity of 4.09% and a negative net margin of 0.97%. The company’s revenue was up 88.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.78) EPS. As a group, analysts forecast that Shutterfly, Inc. will post 3.12 EPS for the current fiscal year.
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Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.
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