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 research note issued to investors 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. “

ATTU has been the subject of several other research reports. BidaskClub upgraded shares of Attunity from a buy rating to a strong-buy rating in a research report on Thursday, January 17th. ValuEngine cut shares of Attunity from a strong-buy rating to a buy rating in a research report on Friday, March 1st. Craig Hallum cut shares of Attunity from a buy rating to a hold rating in a research report on Thursday, January 31st. Finally, Roth Capital cut shares of Attunity from a buy rating to a neutral rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Attunity currently has a consensus rating of Hold and an average price target of $24.75.

NASDAQ ATTU opened at $23.39 on Wednesday. Attunity has a 52 week low of $7.64 and a 52 week high of $27.32. The stock has a market capitalization of $500.29 million, a price-to-earnings ratio of 73.09, a PEG ratio of 3.23 and a beta of 1.94.

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

Several institutional investors have recently bought and sold shares of ATTU. Oberweis Asset Management Inc. bought a new position in shares of Attunity in the fourth quarter valued at approximately $19,406,000. Disciplined Growth Investors Inc. MN bought a new position in shares of Attunity in the third quarter valued at approximately $5,441,000. Tibra Equities Europe Ltd bought a new position in shares of Attunity in the first quarter valued at approximately $4,974,000. Morgan Stanley boosted its holdings in shares of Attunity by 13,631.7% in the third quarter. Morgan Stanley now owns 213,116 shares of the technology company’s stock valued at $4,025,000 after acquiring an additional 211,564 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Attunity by 600.5% in the third quarter. BlackRock Inc. now owns 47,345 shares of the technology company’s stock valued at $894,000 after acquiring an additional 40,586 shares in the last quarter. Institutional investors and hedge funds own 52.41% of the company’s stock.

Attunity Company Profile

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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