Portolan Capital Management Llc Upped Position in Carbonite Inc. (NASDAQ:CARB) by $11.62 Million

May 16, 2018 - By Daniel Cummings

Carbonite, Inc. (NASDAQ:CARB) Corporate LogoBig Money Sentiment is 1.08 in 2017 Q4. It has change of 2017Q3’s as. The ratio is without change due to CARB positioning: 17 sold and 42 reduced. only 26 funds acquired stakes and 38 increased stakes. Investors holded 24.47 million in 2017Q3 but now own 24.93 million shares or 1.89% more. Millrace Asset Grp invested 3.63% of its capital in Carbonite, Inc. (NASDAQ:CARB). Aperio Gru Ltd Co stated it has 18,017 shs. Raymond James Services Advsr accumulated 181,636 shs. California Employees Retirement System owns 0% invested in Carbonite, Inc. (NASDAQ:CARB) for 84,650 shs. Jacobs Levy Equity Mgmt invested in 0.16% or 356,052 shs. 35,519 were reported by Suffolk Capital Mngmt Lc. Cadence Mgmt Limited Liability Company stated it has 0.15% of its capital in Carbonite, Inc. (NASDAQ:CARB). 1492 Cap Management invested 0.57% of its capital in Carbonite, Inc. (NASDAQ:CARB). Amer Incorporated holds 0% in Carbonite, Inc. (NASDAQ:CARB) or 16,924 shs. Moreover, Moors Cabot has 0.03% invested in Carbonite, Inc. (NASDAQ:CARB) for 8,500 shs. Cap Advisors Limited Liability Corp holds 0% of its capital in Carbonite, Inc. (NASDAQ:CARB) for 200 shs. Pub Employees Retirement System Of Ohio holds 256,869 shs or 0.03% of its capital. Fincl Bank Of New York Mellon Corporation holds 0% of its capital in Carbonite, Inc. (NASDAQ:CARB) for 215,069 shs. Parametric Portfolio Assoc Limited Liability Co stated it has 82,370 shs or 0% of all its holdings. Bnp Paribas Arbitrage reported 5,229 shs.

CARB registered $2.02 million net activity with 0 insider purchases and 20 insider sales since December 11, 2017. $106,326 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by Mohan Deepak. Shares for $279,406 were sold by FOLGER ANTHONY. On Friday, April 27 $36,235 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by SHEER DANIELLE. Guadagno Norman sold $26,876 worth of stock or 1,134 shs. KRASNOW TODD also sold $231,600 worth of Carbonite, Inc. (NASDAQ:CARB) shs. Levinson Marina also sold $152,929 worth of Carbonite, Inc. (NASDAQ:CARB) shs.

According to 2018Q1 Securities and Exchange filling Portolan Capital Management Llc upped its stake in Carbonite Inc. (NASDAQ:CARB) by 43.12%. 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), valued 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

A total of 7 analysts rate Carbonite Inc (NASDAQ:CARB) as follows: 6 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 86% are bullish. (NASDAQ:CARB) has 9 ratings reports on 17 May 2018 according to StockzIntelligence. In Tuesday, May 8 report FBR Capital maintained it with “Buy” rating and $42 target. On Monday, November 27 the rating was maintained by JMP Securities with “Buy”. On Tuesday, May 8 Oppenheimer maintained the shares of CARB in report with “Outperform” rating. The stock rating was maintained by Craig Hallum with “Buy” on Tuesday, May 8. On Friday, April 27 JMP Securities maintained the shares of CARB in report with “Market Outperform” rating. On Wednesday, February 14 Northland Capital maintained the shares of CARB in report with “Hold” rating. On Wednesday, December 13 Rosenblatt maintained the shares of CARB in report with “Buy” rating.

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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