|Bid||52.88 x 1100|
|Ask||52.90 x 1100|
|Day's Range||52.22 - 53.14|
|52 Week Range||33.47 - 53.33|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...
MACOM's (MTSI) fourth-quarter fiscal 2019 results benefit from sequential improvement in end markets. However, the results bore the brunt of sluggish PON sales and Huawei ban.
NetApp's (NTAP) fiscal second-quarter results reflect declining product revenues on macroeconomic weakness amid strength in Cloud Data Services and Private Cloud offerings.
(Bloomberg) -- Jana Partners has added its name to the list of activist investors that have taken a stake in takeover target Instructure Inc.The New York hedge fund said in regulatory filing it had a 1% stake in the educational software company as of Sept. 30. The news came as Instructure on Thursday confirmed a Bloomberg News report it was exploring strategic alternatives, including possible sale of the company.Representatives for Jana and Instructure weren’t immediately available for comment.Activist investors Sachem Head Capital Management and Praesidium Investment Management Co. have also built stakes in Instructure and have been advocating for a sale, according to people familiar with the matter.Jana, the activist fund run by Barry Rosenstein, also sold down its stake in another takeover target, Axalta Coating Systems Ltd. to 1.7% from 2.5% in the second quarter. It also trimmed its its positions in Zimmer Biomet Holdings Inc., HD Supply Holdings Inc. and restaurant chain, Jack in the Box Inc.The firm exited its investment in Falcon Minerals Corp. during the quarter.To contact the reporter on this story: Scott Deveau in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Economic weakness in Europe and headwinds from Asia Pacific hurt Stratasys' (SSYS) Q3 results. However, consistent strong performance in the Americas is a positive.
Advanced Energy Industries' (AEIS) third-quarter results benefit from solid momentum across Asia and positive contributions from Artesyn Embedded Power buyout.
Mettler-Toledo (MTD) third-quarter 2019 results benefit from well-performing Laboratory and Industrial product lines. Further, solid momentum across all regions was positive.
Teradata's (TDC) third-quarter 2019 results reflect weak performance of the perpetual software license and hardware and consulting businesses.
(Bloomberg) -- Activist investor Praesidium Investment Management Co. has joined a push for education software company Instructure Inc. to explore a sale.The New York-based hedge fund has identified dozens of strategic and private equity buyers that might be interested in the company’s learning management platform, Canvas, said Kevin Oram, Praesidium’s co-founder and managing partner. Canvas, which owns about 38% of the market now, could be worth $2.5 billion, he said.“It’s extremely valuable and potentially very profitable,” Oram said Wednesday in an interview. He said Praesidium has been discussing its views with Instructure’s management team.Salt Lake City-based Instructure’s shares have rallied almost 23% this year, giving it a market value of about $1.73 billion. A representative for the company didn’t respond to requests for comment.Selling BridgeOram said he believes other potential buyers would be interested in its money-losing employee development business called Bridge, as well as the company as a whole. Selling the Bridge unit would unlock the value of the Canvas business, he said.He estimated that Bridge has about $25 million in revenue but loses about $60 million. Still, large human capital management software companies might still be interested in it for its technology, Oram said.Praesidium estimates the Canvas division could achieve earnings before interest, taxes, depreciation and amortization margins of 40%.Retention Rates“The platform is extremely powerful because it has such a dominate market share,” Oram said. “We think it has customer retention rates of close to 100%. I don’t think they’ve ever lost a customer. That’s really valuable.”Activist investor Sachem Head Capital Management has also built a position in the company and is pushing for a sale, according to people familiar with the matter.Instructure said last week on its third-quarter earnings call that it was moving forward with separating the two businesses and had begun a strategic review of Bridge. It said it will give more details at its investor day Dec. 3.To contact the reporter on this story: Scott Deveau in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Hubspot (HUBS) third-quarter results benefit from expanding customer base, and robust growth in Subscription revenues. Moreover, raised 2019 view bodes well.
New York-based Sachem Head, which has been buying Instructure's shares over time, wants the Salt Lake City-based company to pursue a full sale process, the sources said. The exact size of Sachem Head's position could not be determined. A spokesman for Sachem Head declined to comment.
Instructure (INST) delivered earnings and revenue surprises of 42.11% and 0.48%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
Instructure (INST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
New York, NY, based Investment company Praesidium Investment Management Company, LLC (Current Portfolio) buys Instructure Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Praesidium Investment Management Company, LLC. Continue reading...
New York, NY, based Investment company Rivulet Capital, Llc (Current Portfolio) buys Instructure Inc, sells Ball Corp, Dollar Tree Inc, InterXion Holding NV, Cinemark Holdings Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Rivulet Capital, Llc. Continue reading...