Attunity (ATTU) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Attunity (NASDAQ:ATTU) from a buy rating to a hold rating in a report published on Thursday morning, Zacks.com reports.

According to Zacks, “Attunity is the leading provider of service-orientated software and solutions in the Workplace Applications market. Using Attunity’s software, companies can seamlessly and efficiently connect, transfer, join and stream to and from virtually any data source in real-time, and subsequently use that data to rapidly configure and deploy management-focused Workplace Applications. With successful deployments at thousands of organizations worldwide, Attunity has over seveteen years experience of providing enterprise-class software, both directly and indirectly through a number of strategic and OEM agreements with global-class partners such as HP, IBM, Microsoft, Oracle, Business Objects and Cognos. Listed on Nasdaq and with a worldwide headquarters in Boston, USA, Attunity serves its customers via offices in North America, Europe, Middle East, China and Australia, as well as through a network of local partners. “

Other research analysts also recently issued reports about the company. ValuEngine downgraded Attunity from a strong-buy rating to a buy rating in a research note on Friday, March 1st. BidaskClub downgraded Attunity from a strong-buy rating to a buy rating in a research note on Monday, February 4th. Craig Hallum downgraded Attunity from a buy rating to a hold rating in a research note on Thursday, January 31st. Finally, Roth Capital downgraded Attunity from a buy rating to a neutral rating in a research note on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Attunity has a consensus rating of Hold and a consensus price target of $24.75.

NASDAQ ATTU opened at $23.41 on Thursday. Attunity has a 12 month low of $7.64 and a 12 month high of $27.32. The stock has a market capitalization of $500.58 million, a price-to-earnings ratio of 73.16, a P/E/G ratio of 3.23 and a beta of 1.94.

Attunity (NASDAQ:ATTU) last released its quarterly earnings results on Thursday, January 31st. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.10. Attunity had a return on equity of 11.23% and a net margin of 6.95%. The firm had revenue of $25.98 million for the quarter, compared to analyst estimates of $23.70 million. On average, equities research analysts expect that Attunity will post 0.29 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. New York State Common Retirement Fund lifted its stake in shares of Attunity by 1.3% in the 4th quarter. New York State Common Retirement Fund now owns 78,988 shares of the technology company’s stock valued at $1,554,000 after purchasing an additional 1,044 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Attunity in the 1st quarter valued at about $58,000. Wells Fargo & Company MN acquired a new position in shares of Attunity in the 3rd quarter valued at about $120,000. Raymond James & Associates acquired a new position in shares of Attunity in the 4th quarter valued at about $225,000. Finally, Geode Capital Management LLC lifted its stake in shares of Attunity by 57.7% in the 4th quarter. Geode Capital Management LLC now owns 42,208 shares of the technology company’s stock valued at $829,000 after purchasing an additional 15,442 shares during the period. 52.41% of the stock is currently owned by institutional investors.

About Attunity

Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

Further Reading: Intrinsic Value and Stock Selection

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