Barracuda Networks (CUDA) Reaches $23.68 After 9.00% Up Move; Maltese Capital Management Has Cut Synovus Finl (SNV) Stake

August 11, 2017 - By Michael Collier

Maltese Capital Management Llc decreased Synovus Finl Corp (SNV) stake by 59.68% reported in 2016Q4 SEC filing. Maltese Capital Management Llc sold 185,000 shares as Synovus Finl Corp (SNV)’s stock declined 2.76%. The Maltese Capital Management Llc holds 125,000 shares with $5.14M value, down from 310,000 last quarter. Synovus Finl Corp now has $5.13 billion valuation. The stock declined 0.33% or $0.14 reaching $42.26 per share. About 78,432 shares traded. Synovus Financial Corp. (NYSE:SNV) has risen 33.10% since August 11, 2016 and is uptrending. It has outperformed by 16.40% the S&P500.

The stock of Barracuda Networks Inc (NYSE:CUDA) is a huge mover today! About 716,442 shares traded or 4.97% up from the average. Barracuda Networks Inc (NYSE:CUDA) has risen 38.20% since August 11, 2016 and is uptrending. It has outperformed by 21.50% the S&P500.The move comes after 7 months positive chart setup for the $1.25 billion company. It was reported on Aug, 11 by Barchart.com. We have $25.81 PT which if reached, will make NYSE:CUDA worth $112.50 million more.

Maltese Capital Management Llc increased Spdr S&P 500 Etf Tr (Put) (SPY) stake by 180,000 shares to 350,000 valued at $78.24 million in 2016Q4. It also upped First South Bancorp Inc Va (NASDAQ:FSBK) stake by 29,039 shares and now owns 118,271 shares. Triumph Bancorp Inc was raised too.

Among 17 analysts covering Synovus Financial Corp. (NYSE:SNV), 7 have Buy rating, 1 Sell and 9 Hold. Therefore 41% are positive. Synovus Financial Corp. had 30 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital upgraded the stock to “Equal Weight” rating in Tuesday, December 6 report. As per Wednesday, April 20, the company rating was downgraded by Raymond James. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Buy” rating by Stephens on Wednesday, July 19. As per Tuesday, August 23, the company rating was downgraded by Wells Fargo. The stock of Synovus Financial Corp. (NYSE:SNV) has “Market Perform” rating given on Monday, January 9 by Wells Fargo. The rating was downgraded by Hovde Group to “Market Perform” on Monday, January 9. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Tuesday, November 29. Barclays Capital maintained the shares of SNV in report on Wednesday, July 19 with “Equal-Weight” rating. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Outperform” rating by Hovde Group on Friday, August 19. On Friday, June 9 the stock rating was maintained by Jefferies with “Hold”.

Investors sentiment increased to 2.18 in 2016 Q4. Its up 0.48, from 1.7 in 2016Q3. It improved, as 17 investors sold Barracuda Networks Inc shares while 27 reduced holdings. 40 funds opened positions while 56 raised stakes. 26.83 million shares or 1.96% less from 27.37 million shares in 2016Q3 were reported. Nationwide Fund holds 0% or 13,748 shares. Barclays Public Ltd Com, United Kingdom-based fund reported 18,779 shares. Zacks Inv holds 76,922 shares. Federated Invsts Pa holds 0% or 24,281 shares in its portfolio. First Trust Advsrs Lp owns 206,657 shares or 0.01% of their US portfolio. Northwestern Mutual Wealth Management reported 0% in Barracuda Networks Inc (NYSE:CUDA). Jacobs Levy Equity Mngmt invested 0.01% in Barracuda Networks Inc (NYSE:CUDA). Parametric Port Assoc Ltd invested 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA). Tocqueville Asset Management Ltd Partnership reported 17,950 shares. Citigroup stated it has 0% in Barracuda Networks Inc (NYSE:CUDA). Moreover, Morgan Stanley has 0% invested in Barracuda Networks Inc (NYSE:CUDA) for 469,682 shares. 2.29M were accumulated by Vanguard Grp. American Intl holds 12,655 shares or 0% of its portfolio. Regents Of The University Of California stated it has 10,325 shares. Schwab Charles Inv has 0% invested in Barracuda Networks Inc (NYSE:CUDA) for 100,593 shares.

Analysts await Barracuda Networks Inc (NYSE:CUDA) to report earnings on October, 10. They expect $0.07 earnings per share, up 16.67% or $0.01 from last year’s $0.06 per share. CUDA’s profit will be $3.70M for 84.57 P/E if the $0.07 EPS becomes a reality. After $0.07 actual earnings per share reported by Barracuda Networks Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 22 analysts covering Barracuda Networks (NYSE:CUDA), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Barracuda Networks had 57 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was maintained by BTIG Research on Wednesday, October 12 with “Buy”. The rating was upgraded by JMP Securities to “Mkt Perform” on Tuesday, January 3. The stock of Barracuda Networks Inc (NYSE:CUDA) has “Buy” rating given on Wednesday, October 12 by Stifel Nicolaus. The company was initiated on Friday, July 1 by Summit Redstone Partners. The stock of Barracuda Networks Inc (NYSE:CUDA) earned “” rating by Summit Research on Wednesday, April 27. The rating was maintained by Northland Capital on Thursday, June 29 with “Buy”. The firm has “Buy” rating given on Friday, January 8 by Stifel Nicolaus. The stock of Barracuda Networks Inc (NYSE:CUDA) earned “Overweight” rating by Pacific Crest on Tuesday, August 30. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, July 11 report. Morgan Stanley maintained the shares of CUDA in report on Wednesday, October 12 with “Equal-Weight” rating.

Since February 14, 2017, it had 0 insider purchases, and 10 insider sales for $4.05 million activity. Another trade for 4,468 shares valued at $98,966 was made by Hughes Michael D on Monday, April 3. 1,250 shares were sold by Driggs Dustin, worth $27,525 on Wednesday, May 31. Perone Michael D sold $1.89 million worth of stock or 78,423 shares. Jenkins William D Jr had sold 1,888 shares worth $45,331 on Wednesday, March 1.