Tufin Software Technologies (NYSE:TUFN – Get Rating) posted its earnings results on Thursday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.04), Briefing.com reports. The firm had revenue of $26.10 million during the quarter, compared to the consensus estimate of $28.03 million. Tufin Software Technologies had a negative return on equity of 62.67% and a negative net margin of 33.28%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis.
Shares of TUFN opened at $12.68 on Friday. Tufin Software Technologies has a fifty-two week low of $7.59 and a fifty-two week high of $13.50. The business has a 50-day moving average of $11.06 and a 200-day moving average of $9.86.
A number of brokerages have recently weighed in on TUFN. Zacks Investment Research upgraded Tufin Software Technologies from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, April 13th. Stifel Nicolaus cut their price objective on Tufin Software Technologies from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Monday, March 21st. Finally, Colliers Securities lowered Tufin Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Tufin Software Technologies has an average rating of “Hold” and a consensus price target of $12.57.
Large investors have recently modified their holdings of the business. Citadel Advisors LLC increased its holdings in Tufin Software Technologies by 134.4% in the 4th quarter. Citadel Advisors LLC now owns 85,872 shares of the company’s stock worth $906,000 after buying an additional 49,234 shares during the period. Millennium Management LLC grew its position in shares of Tufin Software Technologies by 41.0% in the fourth quarter. Millennium Management LLC now owns 74,671 shares of the company’s stock valued at $788,000 after purchasing an additional 21,706 shares in the last quarter. Norges Bank bought a new stake in shares of Tufin Software Technologies during the 4th quarter valued at $594,000. Bank of New York Mellon Corp lifted its holdings in Tufin Software Technologies by 21.9% during the 1st quarter. Bank of New York Mellon Corp now owns 65,712 shares of the company’s stock worth $587,000 after purchasing an additional 11,787 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Tufin Software Technologies by 338.0% during the 1st quarter. Renaissance Technologies LLC now owns 56,500 shares of the company’s stock valued at $505,000 after buying an additional 43,600 shares in the last quarter. Hedge funds and other institutional investors own 57.61% of the company’s stock.
About Tufin Software Technologies (GetRating)
Tufin Software Technologies Ltd., together with its subsidiaries, develops, markets, and sells software-based solutions primarily in the United States, Israel, Europe, the Middle East, and Africa, Germany, the 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 network; SecureChange that is used to assess, provision, and verify security configuration changes across physical networks and cloud platforms, while maintaining security and compliance; and SecureApp, which is used to define, manage, and monitor network connectivity for their applications.
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