Wall Street Associates buys $3,757,663 stake in Instructure Inc (INST)

Instructure Inc (INST) : Wall Street Associates scooped up 44,300 additional shares in Instructure Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 154,700 shares of Instructure Inc which is valued at $3,757,663.Instructure Inc makes up approximately 1.40% of Wall Street Associates’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies added INST to its portfolio by purchasing 55,321 company shares during the most recent quarter which is valued at $1,343,747. Credit Suisse Ag added INST to its portfolio by purchasing 10,100 company shares during the most recent quarter which is valued at $245,329.Blackrock Advisors reduced its stake in INST by selling 128,110 shares or 97.67% in the most recent quarter. The Hedge Fund company now holds 3,050 shares of INST which is valued at $74,085.Blackrock Fund Advisors boosted its stake in INST in the latest quarter, The investment management firm added 141,302 additional shares and now holds a total of 270,465 shares of Instructure Inc which is valued at $6,569,595.Ubs Asset Management Americas Inc reduced its stake in INST by selling 10,537 shares or 5.22% in the most recent quarter. The Hedge Fund company now holds 191,494 shares of INST which is valued at $4,647,559. Instructure Inc makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.

On the company’s financial health, Instructure Inc reported $-0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.52. The company had revenue of $25.90 million for the quarter, compared to analysts expectations of $24.31 million. The company’s revenue was up 62.9% compared to the same quarter last year.

Many Wall Street Analysts have commented on Instructure Inc. Company shares were Reiterated by Barrington Research on Aug 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $25 .Company shares were Reiterated by Needham on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $25 .Needham Resumed Instructure Inc on May 16, 2016 to “Buy”, Price Target of the shares are set at $25.

Instructure Inc is a United States-based technology company. The Company provides instructors and students with tools and resources. Instructure offers Canvas which is a learning management system as well as Canvas Network online courses by educators everywhere – from Ivy League institutions to community colleges. The Company’s technology is used by 400+ colleges universities and school districts.

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