Dorsal Capital Management buys $53,130,000 stake in Qlik Technologies Inc (QLIK)

Qlik Technologies Inc (QLIK) : Dorsal Capital Management scooped up 750,000 additional shares in Qlik Technologies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,750,000 shares of Qlik Technologies Inc which is valued at $53,130,000.Qlik Technologies Inc makes up approximately 4.39% of Dorsal Capital Management’s portfolio.

Other Hedge Funds, Including , Granite Investment Partners sold out all of its stake in QLIK during the most recent quarter. The investment firm sold 37,942 shares of QLIK which is valued $1,151,919. Piermont Capital Management sold out all of its stake in QLIK during the most recent quarter. The investment firm sold 17,455 shares of QLIK which is valued $529,934.Alliancebernstein boosted its stake in QLIK in the latest quarter, The investment management firm added 481,091 additional shares and now holds a total of 2,774,383 shares of Qlik Technologies Inc which is valued at $84,230,268. Qlik Technologies Inc makes up approx 0.07% of Alliancebernstein’s portfolio.

On the company’s financial health, Qlik Technologies Inc reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.12. The company had revenue of $138.00 million for the quarter, compared to analysts expectations of $134.38 million. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on Qlik Technologies Inc. Qlik Technologies Inc was Downgraded by Jefferies to ” Hold” on Jul 18, 2016. Qlik Technologies Inc was Downgraded by SunTrust to ” Neutral” on Jun 6, 2016. Qlik Technologies Inc was Downgraded by Brean Capital to ” Hold” on Jun 3, 2016.

Qlik Technologies Inc. is a provider of user-driven business intelligence (BI) solutions. The Company is engaged in the development commercialization and implementation of software products and related services. The Company’s core solution for guided analytics is QlikView which allows people create and share insights and analysis in groups and across organizations. The Company’s QlikView Desktop is a Windows application that enables the user to load data from disparate sources. QlikView Expressor provides a graphical studio for designing and managing data integration for QlikView apps. QlikView NPrinting is a report generation distribution and scheduling application for QlikView. Qlik Sense is self-service data visualization and analysis application. Qlik Sense Desktop allows users to connect to any underlying data source load data build user interfaces and conduct interactive analyses of their data.

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