Attunity (ATTU) Raised to “Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Attunity (NASDAQ:ATTU) from a hold rating to a buy rating in a report published on Wednesday, Zacks.com reports. The firm currently has $26.00 target price on the technology company’s stock.

According to Zacks, “Attunity is the leading provider of service-orientated software and solutions in the Workplace Applications market. Using Attunity’s software, companies can seamlessly and efficiently connect, transfer, join and stream to and from virtually any data source in real-time, and subsequently use that data to rapidly configure and deploy management-focused Workplace Applications. With successful deployments at thousands of organizations worldwide, Attunity has over seveteen years experience of providing enterprise-class software, both directly and indirectly through a number of strategic and OEM agreements with global-class partners such as HP, IBM, Microsoft, Oracle, Business Objects and Cognos. Listed on Nasdaq and with a worldwide headquarters in Boston, USA, Attunity serves its customers via offices in North America, Europe, Middle East, China and Australia, as well as through a network of local partners. “

A number of other equities analysts also recently commented on the stock. Craig Hallum downgraded shares of Attunity from a buy rating to a hold rating in a research report on Thursday, January 31st. BidaskClub upgraded shares of Attunity from a buy rating to a strong-buy rating in a research report on Thursday, January 17th. Roth Capital downgraded shares of Attunity from a buy rating to a neutral rating in a research report on Thursday, February 21st. Finally, ValuEngine downgraded shares of Attunity from a strong-buy rating to a buy rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $24.75.

Shares of Attunity stock opened at $23.39 on Wednesday. The firm has a market cap of $500.14 million, a price-to-earnings ratio of 70.88, a PEG ratio of 3.23 and a beta of 1.94. Attunity has a one year low of $7.56 and a one year high of $27.32.

Attunity (NASDAQ:ATTU) last announced its quarterly earnings data on Thursday, January 31st. The technology company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.10. The company had revenue of $25.98 million during the quarter, compared to the consensus estimate of $23.70 million. Attunity had a net margin of 6.95% and a return on equity of 11.23%. As a group, sell-side analysts expect that Attunity will post 0.29 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. New York State Common Retirement Fund grew its stake in shares of Attunity by 1.3% during the 4th quarter. New York State Common Retirement Fund now owns 78,988 shares of the technology company’s stock worth $1,554,000 after purchasing an additional 1,044 shares during the period. Blair William & Co. IL grew its stake in shares of Attunity by 27.2% during the 3rd quarter. Blair William & Co. IL now owns 15,900 shares of the technology company’s stock worth $300,000 after purchasing an additional 3,400 shares during the period. Wells Fargo & Company MN acquired a new position in shares of Attunity during the 3rd quarter worth $120,000. Raymond James & Associates acquired a new position in shares of Attunity during the 4th quarter worth $225,000. Finally, Geode Capital Management LLC grew its stake in shares of Attunity by 57.7% during the 4th quarter. Geode Capital Management LLC now owns 42,208 shares of the technology company’s stock worth $829,000 after purchasing an additional 15,442 shares during the period. 51.42% of the stock is currently owned by institutional investors and hedge funds.

About Attunity

Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

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