Marshall Wace LLP Takes Position in Alteryx, Inc. (NYSE:AYX)

Posted by Defense World Staff on Mar 12th, 2023

Marshall Wace LLP bought a new stake in Alteryx, Inc. (NYSE:AYX – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 120,160 shares of the company’s stock, valued at approximately $6,710,000. Marshall Wace LLP owned approximately 0.17% of Alteryx as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AYX. Synovus Financial Corp grew its position in shares of Alteryx by 1.5% during the 2nd quarter. Synovus Financial Corp now owns 12,303 shares of the company’s stock worth $597,000 after buying an additional 185 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Alteryx by 14.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock worth $114,000 after buying an additional 205 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Alteryx by 10.6% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,294 shares of the company’s stock worth $128,000 after buying an additional 219 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Alteryx by 7.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,636 shares of the company’s stock valued at $332,000 after purchasing an additional 307 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Alteryx by 1.3% during the 3rd quarter. Treasurer of the State of North Carolina now owns 25,417 shares of the company’s stock valued at $1,419,000 after purchasing an additional 330 shares in the last quarter. 74.23% of the stock is currently owned by institutional investors and hedge funds.

Alteryx Trading Down 5.2 %

Shares of Alteryx stock opened at $57.78 on Friday. Alteryx, Inc. has a 12-month low of $39.55 and a 12-month high of $76.35. The stock has a market cap of $4.02 billion, a P/E ratio of -12.37 and a beta of 0.54. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.57. The business’s 50 day moving average is $58.54 and its 200-day moving average is $54.46.

Analysts Set New Price Targets

Several research firms have recently weighed in on AYX. Wedbush began coverage on Alteryx in a report on Wednesday, December 14th. They set a “neutral” rating and a $50.00 price objective on the stock. Needham & Company LLC lifted their price objective on Alteryx from $62.00 to $78.00 and gave the company a “buy” rating in a report on Friday, February 10th. Cowen lifted their price objective on Alteryx from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 10th. Citigroup boosted their target price on Alteryx from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Finally, Rosenblatt Securities boosted their target price on Alteryx from $77.00 to $86.00 and gave the company a “buy” rating in a research note on Friday, February 10th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Alteryx currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.54.

Insider Transactions at Alteryx

In other news, Director Eileen Schloss sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $65.47, for a total transaction of $294,615.00. Following the sale, the director now owns 6,715 shares in the company, valued at approximately $439,631.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 13.84% of the company’s stock.

About Alteryx

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Alteryx, Inc engages in the provision of self-service data analytics software. Its subscription-based platform allows organizations to prepare, blend, and analyze data from a multitude of sources and benefit from data-driven decisions. The company was founded by Dean A. Stoecker, Olivia Duane-Adams, and Edward P.