Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Invests $3,674,000 in Fleetmatics Group PLC (FLTX)

Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Invests $3,674,000 in Fleetmatics Group PLC (FLTX)
Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Fleetmatics Group PLC (NYSE:FLTX) during the third quarter, Holdings Channel reports. The firm bought 61,250 shares of the company’s stock, valued at approximately $3,674,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.16% of Fleetmatics Group PLC as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Fleetmatics Group PLC by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,350,782 shares of the company’s stock valued at $101,860,000 after buying an additional 53,951 shares during the period. Riverbridge Partners LLC increased its stake in Fleetmatics Group PLC by 94.9% in the second quarter. Riverbridge Partners LLC now owns 1,730,783 shares of the company’s stock valued at $74,995,000 after buying an additional 842,824 shares during the last quarter. BlackRock Fund Advisors increased its stake in Fleetmatics Group PLC by 2.6% in the second quarter. BlackRock Fund Advisors now owns 931,638 shares of the company’s stock valued at $40,368,000 after buying an additional 24,045 shares during the last quarter. Rice Hall James & Associates LLC bought a new stake in Fleetmatics Group PLC during the second quarter valued at $30,342,000. Finally, State Street Corp increased its stake in Fleetmatics Group PLC by 0.4% in the second quarter. State Street Corp now owns 642,059 shares of the company’s stock valued at $27,818,000 after buying an additional 2,446 shares during the last quarter. Hedge funds and other institutional investors own 95.89% of the company’s stock.

Fleetmatics Group PLC (NYSE:FLTX) remained flat at $60.00 during mid-day trading on Friday. The company has a market cap of $2.35 billion, a PE ratio of 78.02 and a beta of 0.66. Fleetmatics Group PLC has a 52-week low of $34.41 and a 52-week high of $62.86. The company’s 50 day moving average is $59.95 and its 200-day moving average is $52.76.

Several research firms recently weighed in on FLTX. Tigress Financial downgraded shares of Fleetmatics Group PLC from a “buy” rating to a “neutral” rating in a report on Tuesday, August 9th. Citigroup Inc. downgraded shares of Fleetmatics Group PLC from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $45.00 to $60.00 in a report on Tuesday, August 9th. Barclays PLC downgraded shares of Fleetmatics Group PLC from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $46.00 to $59.00 in a report on Thursday, August 4th. Raymond James Financial Inc. downgraded shares of Fleetmatics Group PLC from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. Finally, Robert W. Baird downgraded shares of Fleetmatics Group PLC from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $52.00 to $60.00 in a report on Tuesday, August 2nd. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Fleetmatics Group PLC presently has an average rating of “Hold” and a consensus target price of $53.15.

About Fleetmatics Group PLC

Fleetmatics Group PLC is a holding company. The Company is a provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service (SaaS). It offers Web-based and mobile application solutions that provide fleet operators with access to vehicle location, fuel usage, speed and mileage and others into their mobile workforce.

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