Public Sector Pension Investment Board bought a new stake in Instructure Inc (NYSE:INST) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 75,000 shares of the technology company’s stock, valued at approximately $3,616,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in INST. First Trust Advisors LP acquired a new position in Instructure during the first quarter worth about $3,596,000. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Instructure by 60.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 15,375 shares of the technology company’s stock valued at $724,000 after purchasing an additional 5,775 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Instructure by 100.0% in the third quarter. Russell Investments Group Ltd. now owns 2,040 shares of the technology company’s stock valued at $79,000 after purchasing an additional 1,020 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Instructure in the third quarter valued at approximately $104,000. Finally, CDAM UK Ltd grew its holdings in shares of Instructure by 15.0% in the third quarter. CDAM UK Ltd now owns 705,457 shares of the technology company’s stock valued at $27,329,000 after purchasing an additional 92,216 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.
Shares of Instructure stock remained flat at $$49.00 during trading hours on Thursday. The business’s 50-day simple moving average is $48.34 and its 200 day simple moving average is $46.56. Instructure Inc has a fifty-two week low of $37.06 and a fifty-two week high of $54.31. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.87 billion, a PE ratio of -22.48 and a beta of 0.45.
A number of research analysts recently weighed in on INST shares. Citigroup cut shares of Instructure from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $47.60 in a report on Thursday, December 5th. SunTrust Banks cut shares of Instructure from a “buy” rating to a “hold” rating and set a $47.60 price target for the company. in a report on Tuesday, January 14th. First Analysis cut shares of Instructure from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 4th. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday, January 29th. Finally, DA Davidson cut shares of Instructure from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $56.00 to $49.00 in a report on Monday. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.16.
Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for KÂ-12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.
Further Reading: Understanding debt-to-equity ratio in fundamental analysis
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