SailPoint Technologies Holdings, Inc. (NYSE:SAIL) Stake Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in SailPoint Technologies Holdings, Inc. (NYSE:SAILGet Rating) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,008,328 shares of the company’s stock after acquiring an additional 86,234 shares during the period. Bank of New York Mellon Corp owned about 1.07% of SailPoint Technologies worth $51,607,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AlphaCrest Capital Management LLC raised its stake in shares of SailPoint Technologies by 179.7% during the 4th quarter. AlphaCrest Capital Management LLC now owns 21,203 shares of the company’s stock worth $1,025,000 after purchasing an additional 13,623 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in SailPoint Technologies by 102,458.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 295,367 shares of the company’s stock valued at $14,278,000 after buying an additional 295,079 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in SailPoint Technologies in the 4th quarter valued at approximately $2,432,000. Teacher Retirement System of Texas grew its holdings in shares of SailPoint Technologies by 22.5% during the 4th quarter. Teacher Retirement System of Texas now owns 18,060 shares of the company’s stock worth $873,000 after purchasing an additional 3,320 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in shares of SailPoint Technologies by 0.3% during the 4th quarter. Champlain Investment Partners LLC now owns 3,074,290 shares of the company’s stock worth $148,611,000 after purchasing an additional 9,125 shares in the last quarter.

SailPoint Technologies Price Performance

Shares of SAIL stock opened at $65.24 on Monday. The stock’s fifty day simple moving average is $63.98 and its 200 day simple moving average is $58.27. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of -67.26 and a beta of 1.41. SailPoint Technologies Holdings, Inc. has a one year low of $34.98 and a one year high of $65.24.

SailPoint Technologies (NYSE:SAILGet Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.07. SailPoint Technologies had a negative return on equity of 15.79% and a negative net margin of 18.58%. The business had revenue of $134.28 million for the quarter, compared to analyst estimates of $123.19 million. During the same quarter in the previous year, the firm earned ($0.13) EPS. SailPoint Technologies’s quarterly revenue was up 31.0% on a year-over-year basis. On average, research analysts anticipate that SailPoint Technologies Holdings, Inc. will post -0.78 earnings per share for the current year.

SailPoint Technologies Company Profile

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SailPoint Technologies Holdings, Inc provides enterprise identity security solutions in the United States, Europe, the Middle East, Africa, and internationally. The company offers software as a service (SaaS) and software platforms, which provide organizations visibility and the intelligence required to empower users and manage their access to systems, applications, and data across hybrid information technology environments, spanning on-premises, cloud and mobile applications, and file storage platforms.

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Institutional Ownership by Quarter for SailPoint Technologies (NYSE:SAIL)

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