HC Wainwright Reiterates Neutral Rating for Intrusion (NASDAQ:INTZ)

Intrusion (NASDAQ:INTZ – Get Rating)‘s stock had its “neutral” rating reaffirmed by equities research analysts at HC Wainwright in a report released on Tuesday, Benzinga reports. They presently have a $2.00 price objective on the stock, down from their previous price objective of $4.50. HC Wainwright’s target price would suggest a potential upside of 56.25% from the stock’s previous close.

Separately, B. Riley cut their price objective on shares of Intrusion from $4.00 to $2.25 and set a “neutral” rating on the stock in a research note on Tuesday.

Intrusion Price Performance

NASDAQ:INTZ opened at $1.28 on Tuesday. The firm has a market capitalization of $25.23 million, a P/E ratio of -1.56 and a beta of 0.54. Intrusion has a 1-year low of $1.25 and a 1-year high of $5.77. The company’s fifty day moving average price is $2.87 and its 200-day moving average price is $3.67.

Institutional Trading of Intrusion

A number of hedge funds have recently added to or reduced their stakes in INTZ. BlackRock Inc. boosted its holdings in Intrusion by 67.0% during the third quarter. BlackRock Inc. now owns 464,643 shares of the company’s stock worth $2,240,000 after buying an additional 186,350 shares in the last quarter. Jane Street Group LLC purchased a new position in Intrusion during the first quarter valued at $354,000. Redmond Asset Management LLC lifted its holdings in Intrusion by 24.7% during the second quarter. Redmond Asset Management LLC now owns 568,454 shares of the company’s stock valued at $2,223,000 after purchasing an additional 112,581 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in Intrusion by 16.7% during the first quarter. United Capital Financial Advisers LLC now owns 663,350 shares of the company’s stock valued at $1,645,000 after purchasing an additional 95,038 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Intrusion by 2,344.1% during the fourth quarter. Morgan Stanley now owns 76,012 shares of the company’s stock valued at $240,000 after purchasing an additional 72,902 shares in the last quarter. 14.15% of the stock is owned by hedge funds and other institutional investors.

Intrusion Company Profile

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Intrusion, Inc engages in the provision of network security solutions. It specializes in the development and marketing of entity identification, high speed data mining cybercrime and advanced persistent threat detection products. The company supports a range of customers including United States federal government entities, local government, banks, airlines, credit unions, and other financial institutions as well as hospitals, and other healthcare providers by providing products such as TraceCop for identity discovery and disclosure, and Savant for network data mining and advanced persistent threat detection.