The Teacher Retirement System of Texas increased its stake in SailPoint Technologies Holdings, Inc. (NYSE:SAIL – Get Rating) by 6.5% in the first quarter, according to its most recent SEC filing. The company owned 19,231 shares of the company’s shares after purchasing an additional 1,171 shares during the period. The Teacher Retirement System of Texas’ holdings in SailPoint Technologies were worth $984,000 at the end of the most recent quarter.
Several other hedge funds have recently changed their holdings of SAIL. Qube Research & Technologies Ltd acquired a new interest in SailPoint Technologies stock valued at approximately $285,000 during the fourth quarter. The New York State Common Retirement Fund increased its position in SailPoint Technologies by 3.0% during the fourth quarter. The New York State Common Retirement Fund now owns 67,242 shares of the company’s stock valued at $3,250,000 after purchasing an additional 1,986 shares during the period. Pacer Advisors Inc. increased its position in SailPoint Technologies by 6.7% during the fourth quarter. Pacer Advisors Inc. now owns 13,901 shares of the company’s stock valued at $672,000 after purchasing an additional 873 shares during the period. SG Americas Securities LLC increased its position in SailPoint Technologies by 18.8% during the fourth quarter. SG Americas Securities LLC now owns 80,347 shares of the company’s stock valued at $3,884,000 after purchasing an additional 12,739 shares last quarter. Finally, ProShare Advisors LLC increased its position in SailPoint Technologies by 56.6% during the fourth quarter. ProShare Advisors LLC now owns 28,412 shares of the company’s stock valued at $1,374,000 after purchasing an additional 10,267 shares last quarter.
Analyst upgrades and downgrades
Separately, Wells Fargo & Company upgraded shares of SailPoint Technologies from an “equal weight” rating to an “overweight” rating and set a price target of $65.25 for the company in a research report on Friday, May 6 Celebration. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, SailPoint Technologies currently has an average rating of Hold and a consensus price target of $62.40.
SailPoint Technologies stock performance
SailPoint Technologies shares opened at $65.24 on Thursday. SailPoint Technologies Holdings, Inc. has a 12-month low of $34.98 and a 12-month high of $65.24. The company has a market cap of $6.19 billion, a price-to-earnings ratio of -67.26 and a beta of 1.41. The company’s 50-day simple moving average is $63.12 and its 200-day simple moving average is $56.44.
SailPoint Technologies (NYSE:SAIL – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported earnings per share of ($0.02) for the quarter, beating analyst consensus estimates of ($0.09) by $0.07. The company had revenue of $134.28 million for the quarter, compared to analyst estimates of $123.19 million. SailPoint Technologies had a negative net margin of 18.58% and a negative return on equity of 15.79%. The company’s quarterly revenue increased 31.0% compared to the same quarter last year. In the same quarter last year, the company made ($0.13) earnings per share. On average, sell-side analysts are forecasting that SailPoint Technologies Holdings, Inc. will post -0.78 EPS for the current fiscal year.
About SailPoint Technologies
SailPoint Technologies Holdings, Inc provides identity security solutions to businesses in the United States, Europe, the Middle East, Africa and internationally. The company offers Software as a Service (SaaS) and software platforms that provide organizations with the visibility and intelligence needed to empower users and manage their access to systems, applications and data across hybrid IT environments spanning Local, cloud and mobile environments span applications and file storage platforms.
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