Trade Report: Today, IndexIQ Advisors LLC Invests $1,154,000 in Fleetmatics Group PLC (FLTX)

Today, IndexIQ Advisors LLC Invests $1,154,000 in Fleetmatics Group PLC (FLTX)

IndexIQ Advisors LLC bought a new position in shares of Fleetmatics Group PLC (NYSE:FLTX) during the third quarter, according to its most recent filing with the SEC. The fund bought 19,247 shares of the company’s stock, valued at approximately $1,154,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Fleetmatics Group PLC by 126.4% in the first quarter. BlackRock Inc. now owns 2,552 shares of the company’s stock valued at $104,000 after buying an additional 1,425 shares during the period. BlackRock Group LTD increased its position in Fleetmatics Group PLC by 18.1% in the first quarter. BlackRock Group LTD now owns 32,695 shares of the company’s stock valued at $1,331,000 after buying an additional 5,001 shares during the period. State Street Corp increased its position in Fleetmatics Group PLC by 2.4% in the first quarter. State Street Corp now owns 639,613 shares of the company’s stock valued at $26,035,000 after buying an additional 15,068 shares during the period. Envestnet Asset Management Inc. increased its position in Fleetmatics Group PLC by 20.8% in the first quarter. Envestnet Asset Management Inc. now owns 20,565 shares of the company’s stock valued at $837,000 after buying an additional 3,543 shares during the period. Finally, A.R.T. Advisors LLC acquired a new position in Fleetmatics Group PLC during the first quarter valued at approximately $691,000. Hedge funds and other institutional investors own 95.89% of the company’s stock.

Shares of Fleetmatics Group PLC (NYSE:FLTX) remained flat at $60.00 during trading on Friday. Fleetmatics Group PLC has a 1-year low of $34.41 and a 1-year high of $62.86. The firm’s 50-day moving average price is $59.95 and its 200-day moving average price is $52.60. The stock has a market cap of $2.35 billion, a PE ratio of 78.02 and a beta of 0.66.

Several research firms recently commented on FLTX. Robert W. Baird downgraded shares of Fleetmatics Group PLC from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $52.00 to $60.00 in a report on Tuesday, August 2nd. Barclays PLC downgraded shares of Fleetmatics Group PLC from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $46.00 to $59.00 in a report on Thursday, August 4th. William Blair downgraded shares of Fleetmatics Group PLC from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a report on Monday, August 1st. 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, First Analysis downgraded shares of Fleetmatics Group PLC from an “overweight” rating to an “equal weight” rating in a report on Monday, August 1st. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average 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.

Want to see what other hedge funds are holding FLTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fleetmatics Group PLC (NYSE:FLTX).

Receive News & Ratings for Fleetmatics Group PLC Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fleetmatics Group PLC and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment