Bourgeon Capital Management LLC reduced its position in shares of Guidance Software, Inc. (NASDAQ:GUID) by 28.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,779 shares of the software maker’s stock after selling 40,297 shares during the period. Bourgeon Capital Management LLC’s holdings in Guidance Software were worth $686,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Guidance Software during the fourth quarter worth approximately $1,416,000. Algert Global LLC increased its position in Guidance Software by 156.1% in the second quarter. Algert Global LLC now owns 222,069 shares of the software maker’s stock worth $1,468,000 after buying an additional 135,366 shares during the last quarter. Vanguard Group Inc. increased its position in Guidance Software by 12.2% in the first quarter. Vanguard Group Inc. now owns 1,144,250 shares of the software maker’s stock worth $6,751,000 after buying an additional 124,121 shares during the last quarter. Primecap Management Co. CA increased its position in Guidance Software by 2.5% in the first quarter. Primecap Management Co. CA now owns 4,779,594 shares of the software maker’s stock worth $28,200,000 after buying an additional 117,979 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Guidance Software during the first quarter worth approximately $431,000. Institutional investors and hedge funds own 53.54% of the company’s stock.
Guidance Software, Inc. (GUID) opened at 7.06 on Friday. The company’s 50-day moving average price is $6.92 and its 200-day moving average price is $6.59. The stock’s market cap is $215.80 million. Guidance Software, Inc. has a 1-year low of $4.52 and a 1-year high of $7.80.
Guidance Software (NASDAQ:GUID) last announced its quarterly earnings data on Tuesday, August 1st. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Guidance Software had a negative return on equity of 1,053.09% and a negative net margin of 6.56%. The firm had revenue of $24.66 million for the quarter, compared to analysts’ expectations of $27.63 million. Analysts predict that Guidance Software, Inc. will post $0.31 EPS for the current year.
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GUID has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Guidance Software from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. TheStreet upgraded Guidance Software from a “d-” rating to a “c-” rating in a report on Wednesday, May 3rd. Northland Securities set a $8.00 price objective on Guidance Software and gave the company a “buy” rating in a report on Saturday, July 22nd. Piper Jaffray Companies downgraded Guidance Software from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $8.50 to $7.00 in a report on Wednesday, July 26th. Finally, B. Riley reiterated a “neutral” rating and issued a $7.10 price objective on shares of Guidance Software in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.61.
In other Guidance Software news, major shareholder Shawn Mccreight sold 9,383 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $7.02, for a total transaction of $65,868.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 982,084 shares of company stock worth $6,690,299 in the last 90 days. 38.11% of the stock is currently owned by insiders.
Guidance Software Company Profile
Guidance Software, Inc is a technology company. The Company is a provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company has five segments, which include Products, Subscription, Professional services, Training and Maintenance.
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