DA Davidson initiated coverage on shares of Tufin Software Technologies (NYSE:TUFN) in a report released on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.
Separately, Zacks Investment Research raised shares of Tufin Software Technologies from a sell rating to a hold rating in a research report on Sunday, November 3rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Tufin Software Technologies currently has an average rating of Buy and an average price target of $29.57.
Shares of TUFN traded down $0.51 during midday trading on Monday, reaching $16.82. The stock had a trading volume of 798,592 shares, compared to its average volume of 309,134. The firm has a 50 day simple moving average of $16.80 and a 200-day simple moving average of $20.36. Tufin Software Technologies has a one year low of $14.85 and a one year high of $31.04.
Several hedge funds have recently made changes to their positions in TUFN. Ion Asset Management Ltd. acquired a new stake in Tufin Software Technologies in the 2nd quarter worth about $2,589,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Tufin Software Technologies in the 2nd quarter valued at approximately $5,632,000. TimesSquare Capital Management LLC acquired a new position in shares of Tufin Software Technologies in the 2nd quarter valued at approximately $27,764,000. Wells Fargo & Company MN acquired a new position in shares of Tufin Software Technologies in the 2nd quarter valued at approximately $176,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Tufin Software Technologies in the 2nd quarter valued at approximately $1,051,000. 29.21% of the stock is owned by institutional investors and hedge funds.
Tufin Software Technologies Company Profile
Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.
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