The shares of Tufin Software Technologies Ltd. (NYSE: TUFN – Get Rating) received an average rating of “Hold” from the eight rating companies that currently cover the company, MarketBeat.com reports. Six research analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average price target among brokerages that have reported on the stock over the past year is $12.17.
TUFN has been the subject of a number of research analyst reports. Stifel Nicolaus cut his price target on Tufin Software Technologies from $11.00 to $10.00 and set a “hold” rating for the company in a Monday, March 21 report. Colliers Securities upgraded Tufin Software Technologies from a “buy” rating to a “neutral” rating in a Wednesday, April 6 research report. Finally, Zacks Investment Research upgraded Tufin Software Technologies from a “hold” rating to a “buy” rating and set a price target of $15.00 on the stock in a research report Wednesday.
A number of large investors have recently changed their positions in TUFN. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Tufin Software Technologies in the fourth quarter valued at $19,993,000. ETF Managers Group LLC increased its position in Tufin Software Technologies by 79.5% in the fourth quarter. ETF Managers Group LLC now owns 2,756,491 shares of the company valued at $28,860,000 after acquiring an additional 1,220,642 shares during the period. B. Riley Asset Management LLC acquired a new stake in Tufin Software Technologies in the fourth quarter valued at $10,681,000. Edenbrook Capital LLC increased its position in Tufin Software Technologies by 449.8% in the fourth quarter. Edenbrook Capital LLC now owns 764,359 shares of the company valued at $8,064,000 after acquiring an additional 625,338 shares during the period. Finally, Divisar Capital Management LLC acquired a new stake in Tufin Software Technologies in the third quarter at a value of $3,835,000. Hedge funds and other institutional investors hold 45.98% of the company’s shares.
TUFN shares opened at $12.90 on Friday. Tufin Software Technologies has a 12-month low of $7.50 and a 12-month high of $13.50. The company has a market capitalization of $474.33 million, a PE ratio of -12.90 and a beta of 1.61. The stock has a 50-day moving average of $9.40 and a 200-day moving average of $9.45.
Tufin Software Technologies (NYSE: TUFN – Get Rating) last released its quarterly results on Thursday, February 10. The company reported ($0.11) EPS for the quarter, beating analyst consensus estimates of ($0.17) by $0.06. Tufin Software Technologies recorded a negative return on equity of 62.67% and a negative net margin of 33.28%. The company posted revenue of $35.84 million in the quarter, compared to analyst estimates of $34.38 million. During the same period of the previous year, the company made ($0.12) earnings per share. The company’s quarterly revenue increased by 15.8% compared to the same quarter last year. On average, equity analysts expect Tufin Software Technologies to post -1.18 EPS for the current fiscal year.
Tufin Software Technologies Company Profile (Get an assessment)
Tufin Software Technologies Ltd., together with its subsidiaries, develops, markets and sells software solutions primarily in the United States, Israel, Europe, the Middle East and Africa, Germany, Asia-Pacific and internationally . The company provides SecureTrack, which enables security administrators to define and manage a centralized security policy, minimize the attack surface and ensure continuous compliance across the entire network; SecureChange which is used to assess, provision and verify security configuration changes on physical networks and cloud platforms, while maintaining security and compliance; and SecureApp, which is used to define, manage and monitor network connectivity of their applications.
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