Trade Report: Today: Boston Common Asset Management LLC lowers its Position in Fleetmatics Group PLC (FLTX)

Today: Boston Common Asset Management LLC lowers its Position in Fleetmatics Group PLC (FLTX)

Boston Common Asset Management LLC lowered its stake in shares of Fleetmatics Group PLC (NYSE:FLTX) by 92.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,965 shares of the company’s stock after selling 68,820 shares during the period. Boston Common Asset Management LLC’s holdings in Fleetmatics Group PLC were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FLTX. IndexIQ Advisors LLC bought a new position in shares of Fleetmatics Group PLC during the third quarter valued at $1,154,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Fleetmatics Group PLC during the third quarter worth $3,674,000. First Trust Advisors LP acquired a new stake in Fleetmatics Group PLC during the third quarter worth $630,000. TT International acquired a new stake in Fleetmatics Group PLC during the third quarter worth $6,147,000. Finally, Longfellow Investment Management Co. LLC acquired a new stake in Fleetmatics Group PLC during the third quarter worth $10,742,000. Hedge funds and other institutional investors own 95.89% of the company’s stock.

Fleetmatics Group PLC (NYSE:FLTX) remained flat at $60.00 on Monday. Fleetmatics Group PLC has a 1-year low of $34.41 and a 1-year high of $62.86. The firm has a 50 day moving average price of $59.95 and a 200-day moving average price of $52.76.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered shares of Fleetmatics Group PLC from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $52.00 to $60.00 in a report on Tuesday, August 2nd. Barclays PLC lowered shares of Fleetmatics Group PLC from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $46.00 to $59.00 in a report on Thursday, August 4th. William Blair lowered shares of Fleetmatics Group PLC from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a report on Monday, August 1st. Raymond James Financial Inc. lowered shares of Fleetmatics Group PLC from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. Finally, First Analysis lowered 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 issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target 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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