Carbonite Inc. (NASDAQ:CARB) Shareholder Portolan Capital Management Llc Upped Position as Price Rose by $11.62 Million

May 16, 2018 - By Eula Gilbert

Carbonite, Inc. (NASDAQ:CARB) Corporate LogoDuring Q4 2017 the big money sentiment is 1.08. That’s change of 2017Q3’s as. 17 investors sold all, 42 reduced holdings as CARB ratio is the same. 38 increased positions while only 26 funds amassed positions. Funds hold 24.93 million shares thus 1.89% more from 2017Q3’s 24.47 million shares. Northpointe Ltd invested in 430,464 shs. Virginia Retirement Et Al invested 0.01% of its capital in Carbonite, Inc. (NASDAQ:CARB). Morgan Stanley stated it has 93,906 shs or 0% of all its holdings. Brown Advisory has 27,539 shs. Rice Hall James Assocs Lc holds 0.09% or 95,955 shs. Pathstone Family Office Llc invested in 175 shs. Geode Capital Ltd Liability Company reported 222,311 shs. Paw Capital Corporation, a Connecticut-based fund reported 130,000 shs. Legal General Grp Inc Public Limited Company accumulated 6,164 shs. Aqr Mngmt Limited Liability Corporation owns 0% invested in Carbonite, Inc. (NASDAQ:CARB) for 20,022 shs. Massachusetts-based Bainco Invsts has invested 0.03% in Carbonite, Inc. (NASDAQ:CARB). Metropolitan Life Ins Communication New York accumulated 0% or 8,016 shs. Grp reported 0% stake. Portolan Ltd Liability has 962,569 shs. Royal Bank & Trust Of Canada reported 238,631 shs.

CARB registered $2.02 million net activity with 0 insider buys and 20 selling transactions since December 11, 2017. 3,397 shs were sold by Mohan Deepak, worth $106,326 on Wednesday, May 2. Guadagno Norman also sold $49,330 worth of Carbonite, Inc. (NASDAQ:CARB) shs. On Friday, April 27 $46,109 worth of stock was sold by Mellinger Paul S.. $279,406 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by FOLGER ANTHONY. On Tuesday, May 8 Shares for $152,929 were sold by Levinson Marina. 10,000 Carbonite, Inc. (NASDAQ:CARB) shs with value of $231,600 were sold by KRASNOW TODD.

Portolan Capital Management Llc’s holdings in Carbonite Inc. (NASDAQ:CARB) was upped by 43.12% based on its latest 2018Q1 regulatory filling with the SEC. Carbonite Inc. (NASDAQ:CARB) stock Popped Up 15.56% while Portolan Capital Management Llc bought 415,102 shares. In 2018Q1, Portolan Capital Management Llc held 1.38 million shares of Carbonite Inc. (NASDAQ:CARB), priced at $39.68M, up from 962,569 last quarter. Portolan Capital Management Llc cut its stake in and reduced position by shares for a total of shares.

Portolan Capital Management Llc is a Massachusetts-based hedge fund that was founded by George Mccabe. It had more than $535.17 million assets under management in November, 2014. Taken from Portolan Capital Management latest Adv, the fund reported to have 10 full and part-time employees. Among which 4 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Carbonite, Inc. (NASDAQ:CARB) Ratings Coverage

In total 7 analysts cover Carbonite Inc (NASDAQ:CARB). “Buy” rating has 6, “Sell” are 0, while 1 are “Hold”. 86% are bullish. 9 are the (NASDAQ:CARB)’s analyst reports since November 27, 2017 according to StockzIntelligence Inc. In Tuesday, May 8 report Oppenheimer maintained it with “Outperform” rating and $35 target. On Wednesday, February 14 the firm earned “Hold” rating by Northland Capital. In Tuesday, May 8 report Craig Hallum maintained the stock with “Buy” rating. On Wednesday, December 13 the stock of Carbonite, Inc. (NASDAQ:CARB) earned “Buy” rating by Rosenblatt. On Monday, November 27 the rating was maintained by JMP Securities with “Buy”. On Friday, April 27 JMP Securities maintained Carbonite, Inc. (NASDAQ:CARB) rating. JMP Securities has “Market Outperform” rating and $36 target. On Tuesday, May 8 the rating was maintained by FBR Capital with “Buy”.

Carbonite, Inc., together with its subsidiaries, provides cloud backup and restore solutions to small and medium sized businesses, and clients in the United States.The company has $991.82 million market cap. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving.Currently it has negative earnings. The company's solutions include Carbonite Computer Backup, which automatically back up files directly to the cloud and include various devices; and Carbonite Server Backup that provides cloud and hybrid backup for physical and virtual servers with advanced management capabilities comprising scheduling, retention, bandwidth and compression settings, and detailed monitoring and reporting through personalized server dashboard.

Carbonite, Inc. (NASDAQ:CARB) Institutional Investors Chart

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