Attunity (ATTU) Downgraded by Zacks Investment Research to “Hold”

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Zacks Investment Research cut shares of Attunity (NASDAQ:ATTU) from a buy rating to a hold rating in a research note released on Thursday, Zacks.com reports.

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 have also recently weighed in on ATTU. BidaskClub upgraded Attunity from a buy rating to a strong-buy rating in a report on Thursday, January 17th. Craig Hallum cut Attunity from a buy rating to a hold rating in a report on Thursday, January 31st. Roth Capital cut Attunity from a buy rating to a neutral rating in a report on Thursday, February 21st. Finally, ValuEngine cut Attunity from a strong-buy rating to a buy rating in a 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 issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $24.75.

NASDAQ ATTU opened at $23.39 on Thursday. The company has a market capitalization of $500.14 million, a price-to-earnings ratio of 73.09, a P/E/G ratio of 3.23 and a beta of 1.94. Attunity has a fifty-two week low of $7.56 and a fifty-two week high of $27.32.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted 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 valued at $1,554,000 after buying an additional 1,044 shares during the last quarter. Blair William & Co. IL boosted 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 valued at $300,000 after buying an additional 3,400 shares during the last quarter. Wells Fargo & Company MN purchased a new position in shares of Attunity during the 3rd quarter valued at approximately $120,000. Raymond James & Associates purchased a new position in shares of Attunity during the 4th quarter valued at approximately $225,000. Finally, Geode Capital Management LLC boosted 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 valued at $829,000 after buying an additional 15,442 shares during the last quarter. Hedge funds and other institutional investors own 51.42% of the company’s stock.

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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