Tufin Software Technologies Ltd. (NYSE:TUFN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Tufin Software Technologies Ltd. (NYSE:TUFN – Get Rating) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.17.

TUFN has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Tufin Software Technologies from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Monday, March 21st. Zacks Investment Research upgraded shares of Tufin Software Technologies from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday. Finally, Colliers Securities downgraded shares of Tufin Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 6th.

Shares of NYSE:TUFN opened at $12.90 on Friday. The company has a market cap of $474.33 million, a PE ratio of -12.90 and a beta of 1.61. The company’s 50-day moving average price is $9.40 and its 200 day moving average price is $9.45. Tufin Software Technologies has a fifty-two week low of $7.50 and a fifty-two week high of $13.50.

Tufin Software Technologies (NYSE:TUFN – Get Rating) last issued its quarterly earnings data on Thursday, February 10th. The company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.06. Tufin Software Technologies had a negative net margin of 33.28% and a negative return on equity of 62.67%. The firm had revenue of $35.84 million for the quarter, compared to the consensus estimate of $34.38 million. During the same period last year, the firm posted ($0.12) EPS. Tufin Software Technologies’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tufin Software Technologies will post -1.18 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Tufin Software Technologies in the third quarter worth approximately $117,000. Renaissance Technologies LLC purchased a new position in Tufin Software Technologies during the fourth quarter valued at approximately $136,000. Schonfeld Strategic Advisors LLC purchased a new position in Tufin Software Technologies during the fourth quarter valued at approximately $154,000. Goldman Sachs Group Inc. grew its position in Tufin Software Technologies by 72.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 22,124 shares of the company’s stock worth $233,000 after acquiring an additional 9,286 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Tufin Software Technologies in the third quarter worth approximately $361,000. 45.98% of the stock is currently owned by institutional investors and hedge funds.

Tufin Software Technologies Company Profile (Get Rating)

Tufin Software Technologies Ltd., together with its subsidiaries, develops, markets, and sells software-based solutions primarily in the United States, Israel, Europe, the Middle East, and Africa, Germany, the Asia Pacific, and internationally. The company provides SecureTrack, which enables security administrators to define and manage a centralized security policy, minimize the attack surface, and ensure continuous compliance across the network; SecureChange that is used to assess, provision, and verify security configuration changes across physical networks and cloud platforms, while maintaining security and compliance; and SecureApp, which is used to define, manage, and monitor network connectivity for their applications.

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