Prudential Financial Inc. Cuts Holdings in DuPont Fabros Technology, Inc. (DFT)

Prudential Financial Inc. decreased its position in DuPont Fabros Technology, Inc. (NYSE:DFT) by 20.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,505 shares of the real estate investment trust’s stock after selling 3,574 shares during the period. Prudential Financial Inc.’s holdings in DuPont Fabros Technology were worth $826,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake in DuPont Fabros Technology by 36.6% in the 2nd quarter. Grove Bank & Trust now owns 1,830 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 490 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in DuPont Fabros Technology in the 1st quarter valued at approximately $109,000. Victory Capital Management Inc. lifted its stake in DuPont Fabros Technology by 510.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,870 shares of the real estate investment trust’s stock valued at $176,000 after acquiring an additional 2,400 shares in the last quarter. World Asset Management Inc bought a new stake in DuPont Fabros Technology in the 2nd quarter valued at approximately $213,000. Finally, Virtu Financial LLC bought a new stake in DuPont Fabros Technology in the 2nd quarter valued at approximately $253,000.

In related news, Chairman Pont Lammot J. Du sold 296,185 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $61.48, for a total transaction of $18,209,453.80. Following the completion of the sale, the chairman now directly owns 215,673 shares of the company’s stock, valued at $13,259,576.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic V. Malek sold 17,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $64.07, for a total value of $1,089,190.00. Following the sale, the director now directly owns 84,775 shares of the company’s stock, valued at $5,431,534.25. The disclosure for this sale can be found here. Insiders sold 801,397 shares of company stock worth $49,701,799 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

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DuPont Fabros Technology, Inc. (NYSE DFT) opened at 66.31 on Friday. The firm’s 50 day moving average price is $64.02 and its 200 day moving average price is $57.12. DuPont Fabros Technology, Inc. has a 52-week low of $37.54 and a 52-week high of $69.33. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 40.38 and a beta of 0.68.

DuPont Fabros Technology (NYSE:DFT) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.39). DuPont Fabros Technology had a net margin of 26.98% and a return on equity of 17.13%. The company had revenue of $140.70 million during the quarter, compared to the consensus estimate of $141.48 million. During the same quarter in the prior year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that DuPont Fabros Technology, Inc. will post $1.77 EPS for the current fiscal year.

Several research firms have commented on DFT. UBS AG cut DuPont Fabros Technology from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 22nd. BidaskClub cut DuPont Fabros Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada cut DuPont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 target price on the stock. in a research note on Monday, July 31st. TheStreet cut DuPont Fabros Technology from a “b” rating to a “c+” rating in a research note on Monday, July 31st. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of DuPont Fabros Technology in a research note on Thursday, June 22nd. Ten equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $60.15.

About DuPont Fabros Technology

DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company owns, acquires, develops and operates wholesale data centers. The Company’s customers include national and international enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services.

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Institutional Ownership by Quarter for DuPont Fabros Technology (NYSE:DFT)

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