Dana Investment Advisors Inc. cut its position in Quantenna Communications Inc (NASDAQ:QTNA) by 21.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,675 shares of the technology company’s stock after selling 31,880 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Quantenna Communications were worth $1,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Summit Global Investments raised its stake in shares of Quantenna Communications by 3.2% in the fourth quarter. Summit Global Investments now owns 44,900 shares of the technology company’s stock valued at $644,000 after buying an additional 1,400 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Quantenna Communications by 105.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,542 shares of the technology company’s stock valued at $79,000 after buying an additional 2,845 shares during the period. Alliancebernstein L.P. raised its stake in shares of Quantenna Communications by 17.0% in the third quarter. Alliancebernstein L.P. now owns 26,100 shares of the technology company’s stock valued at $482,000 after buying an additional 3,800 shares during the period. Horrell Capital Management Inc. raised its stake in shares of Quantenna Communications by 568.7% in the fourth quarter. Horrell Capital Management Inc. now owns 5,015 shares of the technology company’s stock valued at $72,000 after buying an additional 4,265 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in shares of Quantenna Communications in the fourth quarter valued at $69,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

In related news, Chairman Sam Heidari sold 8,000 shares of the business’s stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $16.02, for a total transaction of $128,160.00. Following the completion of the transaction, the chairman now directly owns 199,028 shares in the company, valued at $3,188,428.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP David William Carroll sold 39,083 shares of the business’s stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $15.50, for a total value of $605,786.50. Following the transaction, the senior vice president now owns 60,370 shares of the company’s stock, valued at $935,735. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,929 shares of company stock worth $2,232,679. 13.49% of the stock is currently owned by corporate insiders.

NASDAQ:QTNA opened at $21.30 on Friday. Quantenna Communications Inc has a 52-week low of $12.48 and a 52-week high of $21.43. The firm has a market cap of $814.96 million, a P/E ratio of 266.25, a P/E/G ratio of 2.66 and a beta of 1.00.

Quantenna Communications (NASDAQ:QTNA) last released its quarterly earnings data on Monday, February 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Quantenna Communications had a return on equity of 6.63% and a net margin of 1.40%. The company had revenue of $62.60 million for the quarter, compared to analyst estimates of $62.00 million. During the same period in the previous year, the company posted $0.01 EPS. The firm’s revenue for the quarter was up 51.6% compared to the same quarter last year. On average, research analysts anticipate that Quantenna Communications Inc will post 0.38 earnings per share for the current year.

Several analysts have issued reports on QTNA shares. BidaskClub upgraded Quantenna Communications from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded Quantenna Communications from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, January 30th. TheStreet upgraded Quantenna Communications from a “d+” rating to a “c-” rating in a research note on Monday, February 25th. Finally, Barclays lowered Quantenna Communications from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $19.78.

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About Quantenna Communications

Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the United States and internationally. The company's solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and draft 802.11ax.

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Institutional Ownership by Quarter for Quantenna Communications (NASDAQ:QTNA)

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