Alteryx, Inc. (NYSE:AYX) Holdings Lowered by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its stake in shares of Alteryx, Inc. (NYSE:AYXGet Rating) by 39.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,103 shares of the company’s stock after selling 2,010 shares during the period. Advisors Asset Management Inc.’s holdings in Alteryx were worth $150,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Capital World Investors lifted its holdings in shares of Alteryx by 11.2% during the first quarter. Capital World Investors now owns 8,029,902 shares of the company’s stock valued at $574,379,000 after purchasing an additional 806,018 shares during the last quarter. Vanguard Group Inc. raised its position in Alteryx by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,522,028 shares of the company’s stock valued at $394,991,000 after buying an additional 14,129 shares during the period. Mackenzie Financial Corp raised its position in Alteryx by 3.8% during the first quarter. Mackenzie Financial Corp now owns 2,473,630 shares of the company’s stock valued at $176,939,000 after buying an additional 91,182 shares during the period. Ardevora Asset Management LLP raised its position in Alteryx by 10.1% during the second quarter. Ardevora Asset Management LLP now owns 930,375 shares of the company’s stock valued at $45,049,000 after buying an additional 85,075 shares during the period. Finally, Vitruvian Partners LLP raised its position in Alteryx by 63.3% during the first quarter. Vitruvian Partners LLP now owns 819,547 shares of the company’s stock valued at $49,583,000 after buying an additional 317,826 shares during the period. 76.74% of the stock is owned by hedge funds and other institutional investors.

Alteryx Stock Performance

Shares of NYSE AYX opened at $43.44 on Tuesday. The company has a debt-to-equity ratio of 5.07, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of -9.11 and a beta of 0.60. The business’s 50-day simple moving average is $52.23 and its 200-day simple moving average is $54.57. Alteryx, Inc. has a 52 week low of $40.57 and a 52 week high of $76.35.

Alteryx (NYSE:AYXGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The company reported ($0.95) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.30). The company had revenue of $215.71 million for the quarter, compared to analyst estimates of $192.11 million. Alteryx had a negative net margin of 44.55% and a negative return on equity of 103.88%. As a group, equities research analysts expect that Alteryx, Inc. will post -2.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on AYX. Rosenblatt Securities upped their price target on Alteryx from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Truist Financial reissued a “buy” rating and set a $80.00 price target on shares of Alteryx in a research report on Friday, November 11th. JMP Securities dropped their price target on Alteryx from $127.00 to $95.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 2nd. Citigroup upped their price target on Alteryx from $73.00 to $75.00 in a research report on Wednesday, November 2nd. Finally, Piper Sandler dropped their target price on Alteryx from $70.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, October 20th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.27.

Alteryx Profile

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Alteryx, Inc operates in analytic process automation business in the Asia-Pacific, Europe, the Middle East, Africa, Latin America, and internationally. The company's analytics platform enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, citizen data scientists, and data engineers.

Further Reading

Institutional Ownership by Quarter for Alteryx (NYSE:AYX)

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