First Trust Advisors LP Has $679,000 Position in Shutterfly, Inc. (SFLY)

First Trust Advisors LP boosted its stake in Shutterfly, Inc. (NASDAQ:SFLY) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,998 shares of the technology company’s stock after acquiring an additional 1,228 shares during the period. First Trust Advisors LP’s holdings in Shutterfly were worth $679,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SFLY. LS Investment Advisors LLC boosted its holdings in Shutterfly by 132.9% in the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock valued at $137,000 after acquiring an additional 1,648 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Shutterfly by 1.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,160 shares of the technology company’s stock valued at $449,000 after acquiring an additional 150 shares during the last quarter. Aperio Group LLC boosted its holdings in Shutterfly by 91.3% in the second quarter. Aperio Group LLC now owns 18,121 shares of the technology company’s stock valued at $861,000 after acquiring an additional 8,646 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Shutterfly by 2.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,940 shares of the technology company’s stock valued at $377,000 after acquiring an additional 200 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Shutterfly by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 49,217 shares of the technology company’s stock valued at $2,336,000 after acquiring an additional 1,840 shares during the last quarter.

In other news, CAO Lisa Blackwood-Kapral sold 719 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $40.78, for a total transaction of $29,320.82. Following the transaction, the chief accounting officer now directly owns 1,900 shares of the company’s stock, valued at $77,482. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael W. Pope sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $42.08, for a total value of $1,472,800.00. Following the transaction, the chief financial officer now directly owns 17,500 shares in the company, valued at $736,400. The disclosure for this sale can be found here. Insiders have sold 71,363 shares of company stock worth $3,077,580 over the last ninety days. 0.80% of the stock is owned by insiders.

Several brokerages have issued reports on SFLY. Zacks Investment Research raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Aegis reissued a “buy” rating and issued a $56.00 price target on shares of Shutterfly in a research note on Tuesday, October 24th. Goldman Sachs Group reissued a “neutral” rating and issued a $47.00 price target on shares of Shutterfly in a research note on Wednesday, October 11th. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, SunTrust Banks began coverage on Shutterfly in a research note on Tuesday, August 15th. They issued a “buy” rating and a $56.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Shutterfly presently has a consensus rating of “Hold” and a consensus price target of $53.50.

Shutterfly, Inc. (NASDAQ:SFLY) opened at $44.15 on Friday. Shutterfly, Inc. has a 12 month low of $39.76 and a 12 month high of $53.99. The stock has a market capitalization of $1,457.77, a P/E ratio of 71.61 and a beta of 0.84.

Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.01. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The company had revenue of $195.44 million for the quarter, compared to analyst estimates of $191.65 million. During the same period in the prior year, the firm earned ($0.86) earnings per share. Shutterfly’s revenue for the quarter was up 4.3% on a year-over-year basis. equities research analysts anticipate that Shutterfly, Inc. will post 0.45 EPS for the current fiscal year.

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About Shutterfly

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.

Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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