Steward Partners Investment Advisory LLC Cuts Stock Position in Ping Identity Holding Corp. (NYSE:PING)

Steward Partners Investment Advisory LLC lessened its stake in Ping Identity Holding Corp. (NYSE:PINGGet Rating) by 18.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,996 shares of the company’s stock after selling 685 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Ping Identity were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in Ping Identity by 1.5% in the 2nd quarter. Victory Capital Management Inc. now owns 50,406 shares of the company’s stock worth $914,000 after acquiring an additional 725 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Ping Identity by 6.9% in the 1st quarter. Teacher Retirement System of Texas now owns 14,744 shares of the company’s stock worth $404,000 after acquiring an additional 950 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Ping Identity by 164.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,850 shares of the company’s stock worth $34,000 after acquiring an additional 1,150 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Ping Identity by 175.3% in the 1st quarter. Ensign Peak Advisors Inc now owns 2,230 shares of the company’s stock worth $61,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in Ping Identity by 2.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 83,380 shares of the company’s stock worth $1,513,000 after acquiring an additional 1,710 shares in the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.

Ping Identity Trading Up 0.1 %

NYSE PING opened at $28.50 on Friday. The firm’s 50-day moving average is $28.34 and its two-hundred day moving average is $24.01. Ping Identity Holding Corp. has a 12 month low of $15.85 and a 12 month high of $30.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market capitalization of $2.45 billion, a P/E ratio of -22.80 and a beta of 0.60.

Analyst Ratings Changes

Several brokerages recently commented on PING. TheStreet raised shares of Ping Identity from a “d+” rating to a “c” rating in a report on Monday, September 19th. DA Davidson cut shares of Ping Identity from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 3rd. Bank of America cut shares of Ping Identity from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $28.00 to $19.00 in a research note on Friday, July 29th. Wells Fargo & Company cut shares of Ping Identity to an “equal weight” rating in a research note on Tuesday, August 9th. Finally, BTIG Research cut shares of Ping Identity from a “buy” rating to a “neutral” rating in a research note on Thursday, August 4th. Twelve analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Ping Identity currently has an average rating of “Hold” and a consensus target price of $27.04.

Ping Identity Company Profile

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Ping Identity Holding Corp., doing business as Ping Identity Corporation, offers intelligent identity solutions for the enterprise in the United States and internationally. Its Ping Intelligent Identity platform provides access to cloud, mobile, Software-as-a-Service, and on-premise applications with customers, workforce, and partners.

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Institutional Ownership by Quarter for Ping Identity (NYSE:PING)

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