Vanguard Group Inc. increased its stake in Qlik Technologies Inc (NASDAQ:QLIK) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,828,107 shares of the company’s stock after buying an additional 205,736 shares during the period. Vanguard Group Inc. owned 7.19% of Qlik Technologies worth $201,976,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in shares of Qlik Technologies by 5,369.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,719 shares of the company’s stock valued at $110,000 after buying an additional 3,651 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Qlik Technologies during the second quarter valued at about $133,000. Sphinx Trading LP acquired a new stake in shares of Qlik Technologies during the second quarter valued at about $163,000. PNC Financial Services Group Inc. increased its stake in shares of Qlik Technologies by 13.9% in the second quarter. PNC Financial Services Group Inc. now owns 8,361 shares of the company’s stock valued at $247,000 after buying an additional 1,020 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of Qlik Technologies during the first quarter valued at about $255,000.
Shares of Qlik Technologies Inc (NASDAQ:QLIK) opened at 30.50 on Monday. Qlik Technologies Inc has a 52 week low of $15.77 and a 52 week high of $40.56. The firm’s 50-day moving average is $30.16 and its 200-day moving average is $28.29.
Qlik Technologies (NASDAQ:QLIK) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.11. The firm had revenue of $180.60 million for the quarter, compared to analysts’ expectations of $145.80 million. Equities research analysts expect that Qlik Technologies Inc will post $0.60 EPS for the current fiscal year.
QLIK has been the topic of several recent analyst reports. Zacks Investment Research raised Qlik Technologies from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Wednesday, August 24th. Roth Capital started coverage on Qlik Technologies in a report on Thursday, September 1st. They set a “buy” rating and a $1.50 price target for the company. Jefferies Group restated a “buy” rating on shares of Qlik Technologies in a report on Tuesday, July 5th. Brean Capital restated a “hold” rating on shares of Qlik Technologies in a report on Friday, July 29th. Finally, JMP Securities cut Qlik Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 22nd. Twenty research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $33.91.
In other news, insider Eugene Jackson sold 4,000 shares of Qlik Technologies stock in a transaction on Monday, August 15th. The stock was sold at an average price of $30.36, for a total transaction of $121,440.00. Following the sale, the insider now directly owns 29,000 shares in the company, valued at approximately $880,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Qlik Technologies Company Profile
Zoona is a Zambia-based financial technology company. The Company provides the technology and business support to over 1,000 entrepreneurs across Africa, enabling them to start their own business. The Company offers Kiva, which is a crowd-lending platform. The Company’s mobile money platform enables over 1,000 entrepreneurs to become Zoona Agents.
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