Citigroup Inc. increased its holdings in shares of Mimecast Limited (NASDAQ:MIME – Get Rating) by 154.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 230,995 shares of the technology company’s stock after acquiring an additional 140,124 shares during the period. Citigroup Inc.’s holdings in Mimecast were worth $18,378,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Picton Mahoney Asset Management purchased a new position in shares of Mimecast during the 1st quarter valued at approximately $21,928,000. US Bancorp DE lifted its holdings in Mimecast by 3.3% in the 1st quarter. US Bancorp DE now owns 18,337 shares of the technology company’s stock valued at $1,460,000 after purchasing an additional 580 shares in the last quarter. Gardner Lewis Asset Management L P purchased a new position in Mimecast in the 1st quarter valued at $883,000. Crossmark Global Holdings Inc. lifted its holdings in Mimecast by 5.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 5,580 shares of the technology company’s stock valued at $444,000 after purchasing an additional 300 shares in the last quarter. Finally, State of Tennessee Treasury Department purchased a new position in Mimecast in the 1st quarter valued at $150,000. Hedge funds and other institutional investors own 83.55% of the company’s stock.
Mimecast Price Performance
Shares of NASDAQ:MIME opened at $79.92 on Friday. The business has a 50-day moving average price of $79.92 and a 200 day moving average price of $79.76. 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 company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 114.17 and a beta of 1.35. Mimecast Limited has a 12-month low of $45.66 and a 12-month high of $85.48.
Wall Street Analysts Forecast Growth
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.
- Get a free copy of the StockNews.com research report on Mimecast (MIME)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
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.