Hamilton Lane Advisors LLC Acquires Shares of 13,440 Alteryx Inc (AYX)

Hamilton Lane Advisors LLC acquired a new position in shares of Alteryx Inc (NYSE:AYX) in the fourth quarter, Holdings Channel reports. The fund acquired 13,440 shares of the company’s stock, valued at approximately $799,000. Alteryx accounts for 0.7% of Hamilton Lane Advisors LLC’s holdings, making the stock its 29th biggest holding.

Several other institutional investors also recently made changes to their positions in AYX. Capital World Investors raised its holdings in Alteryx by 87.8% during the third quarter. Capital World Investors now owns 3,230,433 shares of the company’s stock worth $184,813,000 after acquiring an additional 1,510,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Alteryx by 8.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,432,425 shares of the company’s stock valued at $139,159,000 after acquiring an additional 191,305 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Alteryx by 8.5% in the 3rd quarter. Vanguard Group Inc now owns 2,432,425 shares of the company’s stock valued at $139,159,000 after acquiring an additional 191,305 shares during the last quarter. BlackRock Inc. raised its position in Alteryx by 11.6% during the 3rd quarter. BlackRock Inc. now owns 2,261,828 shares of the company’s stock worth $129,399,000 after purchasing an additional 234,250 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Alteryx by 444.3% during the 3rd quarter. Renaissance Technologies LLC now owns 894,298 shares of the company’s stock worth $51,163,000 after purchasing an additional 730,000 shares during the last quarter. 53.98% of the stock is owned by institutional investors and hedge funds.

Shares of AYX stock traded down $0.78 during trading hours on Wednesday, reaching $71.20. 20,504 shares of the stock were exchanged, compared to its average volume of 815,803. Alteryx Inc has a 12-month low of $24.46 and a 12-month high of $73.67. The stock has a market cap of $4.51 billion, a PE ratio of -228.13 and a beta of 0.97. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.88.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.13. Alteryx had a negative net margin of 6.72% and a negative return on equity of 7.06%. The business had revenue of $54.18 million during the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the previous year, the business posted $0.02 EPS. The company’s quarterly revenue was up 58.6% compared to the same quarter last year. Sell-side analysts forecast that Alteryx Inc will post -0.3 EPS for the current year.

In other Alteryx news, insider Robert Scott Jones sold 4,166 shares of the company’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $43.98, for a total transaction of $183,220.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Rubin sold 8,500 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $59.01, for a total transaction of $501,585.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,501 shares of company stock worth $9,594,005. Insiders own 39.01% of the company’s stock.

Several analysts have recently commented on the company. Needham & Company LLC raised their target price on Alteryx from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, November 8th. KeyCorp lifted their target price on shares of Alteryx from $61.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, November 8th. DA Davidson set a $66.00 price target on shares of Alteryx and gave the stock a “hold” rating in a report on Thursday, November 8th. They noted that the move was a valuation call. Cowen lifted their price objective on shares of Alteryx from $64.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Finally, JMP Securities boosted their price target on shares of Alteryx from $52.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Alteryx presently has a consensus rating of “Buy” and an average target price of $66.92.

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Alteryx Profile

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.

Further Reading: Are all No-Load Funds Equal?

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Institutional Ownership by Quarter for Alteryx (NYSE:AYX)

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