Bank of Montreal Can lifted its position in shares of Rapid7 Inc (NASDAQ:RPD) by 240.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,086 shares of the technology company’s stock after buying an additional 41,081 shares during the period. Bank of Montreal Can owned approximately 0.34% of Rapid7 worth $14,047,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its stake in shares of Rapid7 by 22.6% in the 4th quarter. Advisor Group Inc. now owns 3,715 shares of the technology company’s stock valued at $779,000 after purchasing an additional 621 shares during the period. LaSalle Street Capital Management LLC purchased a new position in shares of Rapid7 in the 4th quarter valued at $376,000. Dimensional Fund Advisors LP increased its stake in shares of Rapid7 by 8.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,202,754 shares of the technology company’s stock valued at $107,304,000 after purchasing an additional 88,613 shares during the period. Vanguard Group Inc. increased its stake in shares of Rapid7 by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 759,308 shares of the technology company’s stock valued at $61,203,000 after purchasing an additional 38,173 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Rapid7 by 4.1% in the 4th quarter. LPL Financial LLC now owns 57,828 shares of the technology company’s stock valued at $11,188,000 after purchasing an additional 2,283 shares during the period. Hedge funds and other institutional investors own 69.84% of the company’s stock.
Get Rapid7 alerts:
Shares of NASDAQ:RPD opened at $65.89 on Friday. The firm has a market capitalization of $2.67 billion, a P/E ratio of -35.54 and a beta of 1.30. Rapid7 Inc has a 52 week low of $38.41 and a 52 week high of $94.49.
A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Rapid7 from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 5th. BidaskClub downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd.
ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this news story can be read at .
Rapid7, Inc develops, markets, and sells software solutions that help organizations analyze data, defend against emerging threats, and improve business operations. The company offers security solutions for cyber incident response, malware detection, firewalls, Web application firewalls, client/server firewall, vulnerability management, security incident response, vulnerability assessment, Incident Management Platform, and behavioral analytics solutions.
Featured Story: Stop Order
Want to see what other hedge funds are holding RPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rapid7 Inc (NASDAQ:RPD).
Receive News & Ratings for Rapid7 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid7 and related companies with MarketBeat.com's FREE daily email newsletter.