Renaissance Technologies LLC Trims Stock Position in Alteryx, Inc. (NYSE:AYX)

Renaissance Technologies LLC decreased its holdings in Alteryx, Inc. (NYSE:AYX – Get Rating) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,400 shares of the company’s stock after selling 8,600 shares during the quarter. Renaissance Technologies LLC owned 0.22% of Alteryx worth $8,510,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AYX. Capital World Investors boosted its stake in shares of Alteryx by 11.2% during the 1st quarter. Capital World Investors now owns 8,029,902 shares of the company’s stock worth $574,379,000 after acquiring an additional 806,018 shares during the last quarter. Vanguard Group Inc. grew its holdings in Alteryx by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,522,028 shares of the company’s stock valued at $394,991,000 after purchasing an additional 14,129 shares during the period. Mackenzie Financial Corp increased its position in Alteryx by 1.0% in the second quarter. Mackenzie Financial Corp now owns 2,499,353 shares of the company’s stock worth $121,019,000 after buying an additional 25,723 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Alteryx by 177.4% in the second quarter. Point72 Asset Management L.P. now owns 1,421,310 shares of the company’s stock worth $68,820,000 after buying an additional 909,010 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of Alteryx by 8.3% during the 2nd quarter. Federated Hermes Inc. now owns 650,000 shares of the company’s stock valued at $31,473,000 after acquiring an additional 50,000 shares during the period. 74.23% of the stock is currently owned by institutional investors.

Alteryx Trading Down 2.2 %

Shares of AYX opened at $65.76 on Wednesday. The stock has a market capitalization of $4.57 billion, a PE ratio of -14.08 and a beta of 0.54. The company’s fifty day moving average is $57.85 and its 200 day moving average is $54.41. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.46 and a current ratio of 1.46. Alteryx, Inc. has a fifty-two week low of $39.55 and a fifty-two week high of $76.35.

Wall Street Analysts Forecast Growth

AYX has been the topic of a number of recent analyst reports. Cowen raised their target price on shares of Alteryx from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. Citigroup upped their target price on shares of Alteryx from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, February 13th. Piper Sandler raised their price target on Alteryx from $60.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, February 10th. Needham & Company LLC boosted their price objective on Alteryx from $62.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Finally, Truist Financial reissued a “buy” rating and set a $80.00 target price on shares of Alteryx in a research note on Friday, November 11th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Alteryx currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.54.

Alteryx Company Profile

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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.