TimesSquare Capital Management LLC Grows Stake in Tufin Software Technologies Ltd. (NYSE:TUFN)

TimesSquare Capital Management LLC lifted its position in Tufin Software Technologies Ltd. (NYSE:TUFN) by 8.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,314,700 shares of the company’s stock after purchasing an additional 99,400 shares during the period. TimesSquare Capital Management LLC’s holdings in Tufin Software Technologies were worth $13,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE purchased a new position in shares of Tufin Software Technologies in the 1st quarter worth $72,000. Walleye Trading LLC lifted its position in Tufin Software Technologies by 57.2% during the fourth quarter. Walleye Trading LLC now owns 17,541 shares of the company’s stock valued at $219,000 after purchasing an additional 6,385 shares in the last quarter. Alpha Paradigm Partners LLC purchased a new position in Tufin Software Technologies during the fourth quarter valued at $237,000. Oppenheimer & Co. Inc. lifted its position in Tufin Software Technologies by 41.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 23,800 shares of the company’s stock valued at $297,000 after purchasing an additional 7,000 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in Tufin Software Technologies by 72.2% during the fourth quarter. GSA Capital Partners LLP now owns 30,839 shares of the company’s stock valued at $385,000 after purchasing an additional 12,933 shares in the last quarter.

Shares of Tufin Software Technologies stock opened at $9.62 on Friday. Tufin Software Technologies Ltd. has a 52 week low of $6.34 and a 52 week high of $20.11. The firm has a 50-day simple moving average of $9.39. The stock has a market capitalization of $312.07 million, a P/E ratio of -11.59 and a beta of 1.56.

Tufin Software Technologies (NYSE:TUFN) last issued its earnings results on Thursday, May 13th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.07. Tufin Software Technologies had a negative return on equity of 40.43% and a negative net margin of 29.67%. The firm had revenue of $21.40 million for the quarter, compared to analysts’ expectations of $22.82 million. During the same period in the previous year, the firm posted ($0.37) earnings per share. The business’s revenue was up .9% compared to the same quarter last year. As a group, research analysts anticipate that Tufin Software Technologies Ltd. will post -1.15 earnings per share for the current year.

Several equities analysts recently weighed in on the company. Cowen assumed coverage on Tufin Software Technologies in a research report on Wednesday, May 26th. They set a “market perform” rating and a $10.00 target price on the stock. DA Davidson lowered their target price on Tufin Software Technologies from $15.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, May 14th. Stifel Nicolaus assumed coverage on Tufin Software Technologies in a research report on Monday, May 24th. They set a “hold” rating and a $10.00 target price on the stock. Barclays lowered their target price on Tufin Software Technologies from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, May 14th. Finally, Oppenheimer restated a “market perform” rating on shares of Tufin Software Technologies in a research report on Thursday, April 15th. Eight analysts have rated the stock with a hold rating, Tufin Software Technologies currently has an average rating of “Hold” and a consensus price target of $10.88.

Tufin Software Technologies Company Profile

Tufin Software Technologies Ltd., together with its subsidiaries, develops, markets, and sells software-based solutions primarily in the United States, Israel, Europe, the Middle East, and Africa, Germany, the Asia Pacific, and internationally. The company provides SecureTrack, which enables security administrators to define and manage a centralized security policy, minimize the attack surface, and ensure continuous compliance across the network; SecureChange that is used to assess, provision, and verify security configuration changes across physical networks and cloud platforms, while maintaining security and compliance; and SecureApp, which is used to define, manage, and monitor network connectivity for their applications.

Further Reading: Limitations of the P/E Growth ratio

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Institutional Ownership by Quarter for Tufin Software Technologies (NYSE:TUFN)

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