Parametrica Management Ltd Acquires Shares of 4,920 Mimecast Limited (NASDAQ:MIME)

Parametrica Management Ltd bought a new position in shares of Mimecast Limited (NASDAQ:MIMEGet Rating) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 4,920 shares of the technology company’s stock, valued at approximately $391,000.

A number of other large investors have also recently made changes to their positions in MIME. Pentwater Capital Management LP purchased a new stake in Mimecast in the 4th quarter valued at about $114,183,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Mimecast by 5.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,359,718 shares of the technology company’s stock worth $108,179,000 after purchasing an additional 71,964 shares during the period. Dimensional Fund Advisors LP raised its position in Mimecast by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 768,183 shares of the technology company’s stock valued at $61,124,000 after purchasing an additional 8,011 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Mimecast by 60.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 529,533 shares of the technology company’s stock worth $42,135,000 after buying an additional 198,683 shares during the period. Finally, Millennium Management LLC grew its position in shares of Mimecast by 20.7% during the 4th quarter. Millennium Management LLC now owns 509,384 shares of the technology company’s stock worth $40,532,000 after buying an additional 87,339 shares in the last quarter. 83.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MIME has been the subject of several recent research reports. StockNews.com upgraded Mimecast from a “hold” rating to a “buy” rating in a report on Monday, May 16th. HC Wainwright boosted their price target on shares of Mimecast from $64.00 to $69.00 and gave the company a “buy” rating in a report on Monday, May 23rd. Twelve investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Mimecast has a consensus rating of “Hold” and a consensus target price of $78.23.

Mimecast Stock Performance

Shares of MIME stock opened at $79.92 on Monday. Mimecast Limited has a 12-month low of $45.66 and a 12-month high of $85.48. The business’s fifty day simple moving average is $79.92 and its 200-day simple moving average is $79.73. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.35 billion, a PE ratio of 114.17 and a beta of 1.35.

Mimecast Company Profile

(Get Rating)

Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services.

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Institutional Ownership by Quarter for Mimecast (NASDAQ:MIME)

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