Water Island Capital LLC Buys New Holdings in Attunity Ltd (ATTU)

Water Island Capital LLC bought a new position in shares of Attunity Ltd (NASDAQ:ATTU) in the 1st quarter, Holdings Channel reports. The fund bought 997,724 shares of the technology company’s stock, valued at approximately $23,397,000. Attunity makes up 1.2% of Water Island Capital LLC’s portfolio, making the stock its 27th biggest position.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Attunity by 600.5% during the 3rd quarter. BlackRock Inc. now owns 47,345 shares of the technology company’s stock worth $894,000 after buying an additional 40,586 shares during the period. Wells Fargo & Company MN bought a new stake in Attunity in the 3rd quarter valued at about $120,000. D.A. Davidson & CO. bought a new stake in Attunity in the 4th quarter valued at about $641,000. Taylor Frigon Capital Management LLC boosted its holdings in Attunity by 52.2% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 102,618 shares of the technology company’s stock valued at $2,020,000 after purchasing an additional 35,216 shares during the period. Finally, Tibra Equities Europe Ltd bought a new stake in Attunity in the 1st quarter valued at about $4,974,000. 53.47% of the stock is owned by institutional investors and hedge funds.

Shares of Attunity stock remained flat at $$23.42 on Wednesday. 179 shares of the stock were exchanged, compared to its average volume of 291,578. Attunity Ltd has a 12 month low of $9.43 and a 12 month high of $27.32. The company has a market cap of $500.72 million, a P/E ratio of 73.19, a PEG ratio of 3.23 and a beta of 1.89.

A number of analysts have issued reports on ATTU shares. ValuEngine downgraded shares of Attunity from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. BidaskClub downgraded shares of Attunity from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Attunity from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, March 19th. Finally, Craig Hallum downgraded shares of Attunity from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $24.75.

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Attunity Profile

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.

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Institutional Ownership by Quarter for Attunity (NASDAQ:ATTU)

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