Engineers Gate Manager LP decreased its position in MobileIron, Inc. (NASDAQ:MOBL) by 16.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,243 shares of the software maker’s stock after selling 14,136 shares during the period. Engineers Gate Manager LP owned 0.08% of MobileIron worth $271,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MOBL. TIAA CREF Investment Management LLC grew its stake in shares of MobileIron by 19.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 142,277 shares of the software maker’s stock valued at $619,000 after buying an additional 22,959 shares during the period. Vanguard Group Inc. grew its stake in shares of MobileIron by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 2,627,541 shares of the software maker’s stock valued at $11,429,000 after buying an additional 246,150 shares during the period. Geode Capital Management LLC grew its stake in shares of MobileIron by 12.6% in the 1st quarter. Geode Capital Management LLC now owns 393,182 shares of the software maker’s stock valued at $1,710,000 after buying an additional 43,912 shares during the period. Bank of America Corp DE grew its stake in shares of MobileIron by 0.5% in the 1st quarter. Bank of America Corp DE now owns 62,960 shares of the software maker’s stock valued at $274,000 after buying an additional 311 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of MobileIron in the 1st quarter valued at approximately $154,000. 51.20% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the stock. ValuEngine lowered shares of MobileIron from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Imperial Capital lowered shares of MobileIron from an “outperform” rating to an “in-line” rating and decreased their price objective for the stock from $5.50 to $4.00 in a report on Wednesday, October 18th. Raymond James Financial restated a “market perform” rating on shares of MobileIron in a report on Wednesday, October 18th. UBS lowered shares of MobileIron from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research lowered shares of MobileIron from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.30.
MobileIron, Inc. (NASDAQ:MOBL) opened at $3.85 on Monday. MobileIron, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $6.78.
MobileIron (NASDAQ:MOBL) last issued its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). MobileIron had a negative return on equity of 164.43% and a negative net margin of 33.88%. The company had revenue of $42.72 million during the quarter, compared to analyst estimates of $42.69 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. equities research analysts anticipate that MobileIron, Inc. will post -0.61 earnings per share for the current fiscal year.
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MobileIron Company Profile
MobileIron, Inc (MobileIron) provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. The Company’s solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities.
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