Carbonite, Inc. (CARB) Reaches $34.70 52-Week High; Balyasny Asset Management Has Boosted By $125.13 Million Its Abbott Laboratories (ABT) Stake

May 8, 2018 - By Ellis Scott

Carbonite, Inc. (NASDAQ:CARB) Logo

Balyasny Asset Management Llc increased Abbott Laboratories (ABT) stake by 2195.33% reported in 2017Q4 SEC filing. Balyasny Asset Management Llc acquired 2.20M shares as Abbott Laboratories (ABT)’s stock rose 5.88%. The Balyasny Asset Management Llc holds 2.30M shares with $130.99M value, up from 100,000 last quarter. Abbott Laboratories now has $102.93B valuation. The stock decreased 1.03% or $0.61 during the last trading session, reaching $58.71. About 1.56 million shares traded. Abbott Laboratories (NYSE:ABT) has risen 34.85% since May 8, 2017 and is uptrending. It has outperformed by 23.30% the S&P500.

The stock of Carbonite, Inc. (NASDAQ:CARB) hit a new 52-week high and has $36.44 target or 5.00% above today’s $34.70 share price. The 6 months bullish chart indicates low risk for the $990.63 million company. The 1-year high was reported on May, 8 by Barchart.com. If the $36.44 price target is reached, the company will be worth $49.53M more. The stock increased 5.95% or $1.95 during the last trading session, reaching $34.7. About 313,764 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 44.44% since May 8, 2017 and is uptrending. It has outperformed by 32.89% the S&P500.

More notable recent Carbonite, Inc. (NASDAQ:CARB) news were published by: Globenewswire.com which released: “Carbonite Announces First Quarter 2018 Financial Results” on May 07, 2018, also Seekingalpha.com with their article: “Carbonite’s (CARB) CEO Mohamad Ali on Q1 2018 Results – Earnings Call Transcript” published on May 08, 2018, Globenewswire.com published: “Carbonite Showcases Data Protection Platform at Dell Technologies World 2018” on May 02, 2018. More interesting news about Carbonite, Inc. (NASDAQ:CARB) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: AGCO, American Water Works, Carbonite, Cheniere, Comcast, Northrup …” published on May 08, 2018 as well as Globenewswire.com‘s news article titled: “Carbonite to Present at Upcoming Investor Conferences” with publication date: April 30, 2018.

Since December 11, 2017, it had 0 buys, and 19 selling transactions for $1.87 million activity. 1,485 shares were sold by Mellinger Paul S., worth $46,109. $36,235 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by SHEER DANIELLE. 1,273 shares valued at $39,527 were sold by Guadagno Norman on Friday, April 27. Mohan Deepak sold 3,374 shares worth $95,147. $58,255 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by FOLGER ANTHONY on Friday, February 2. $231,600 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by KRASNOW TODD. Shares for $224,393 were sold by HUDSON CASSANDRA on Friday, February 2.

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 market cap of $990.63 million. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving. It currently has negative earnings. The companyÂ’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.

Among 11 analysts covering Carbonite (NASDAQ:CARB), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. Carbonite has $42 highest and $8 lowest target. $29.50’s average target is -14.99% below currents $34.7 stock price. Carbonite had 21 analyst reports since September 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Oppenheimer given on Tuesday, October 11. The stock of Carbonite, Inc. (NASDAQ:CARB) earned “Equal-Weight” rating by Barclays Capital on Friday, August 4. The firm has “Hold” rating by Northland Capital given on Wednesday, February 14. The rating was initiated by B. Riley & Co with “Buy” on Friday, June 10. The stock of Carbonite, Inc. (NASDAQ:CARB) has “Buy” rating given on Tuesday, February 28 by Lake Street. On Monday, September 21 the stock rating was downgraded by Zacks to “Sell”. The rating was maintained by Northland Capital with “Hold” on Friday, November 3. The stock of Carbonite, Inc. (NASDAQ:CARB) has “Buy” rating given on Tuesday, October 17 by JMP Securities. On Tuesday, May 8 the stock rating was maintained by FBR Capital with “Buy”. The stock of Carbonite, Inc. (NASDAQ:CARB) has “Buy” rating given on Tuesday, May 8 by Craig Hallum.

Investors sentiment is 1.08 in 2017 Q4. Its the same as in 2017Q3. It is flat, as 17 investors sold Carbonite, Inc. shares while 42 reduced holdings. only 26 funds opened positions while 38 raised stakes. 24.93 million shares or 1.89% more from 24.47 million shares in 2017Q3 were reported. Pacad Invest Limited owns 3,200 shares for 0.02% of their portfolio. Crow Point Prtn Ltd Llc owns 2,247 shares. Great West Life Assurance Company Can holds 0% in Carbonite, Inc. (NASDAQ:CARB) or 2,100 shares. Sei Invs Com has invested 0% in Carbonite, Inc. (NASDAQ:CARB). Qs Ltd Liability Company has 98,583 shares for 0.02% of their portfolio. Northern Trust stated it has 338,698 shares. 8,016 are held by Metropolitan Life Insurance Co New York. Blackrock Inc reported 0% in Carbonite, Inc. (NASDAQ:CARB). Lyon Street Cap has 2.54% invested in Carbonite, Inc. (NASDAQ:CARB) for 302,896 shares. 1492 Cap Limited Company holds 29,082 shares or 0.57% of its portfolio. Scout Invests owns 177,575 shares for 0.11% of their portfolio. White Pine Ltd Liability Co reported 0.23% of its portfolio in Carbonite, Inc. (NASDAQ:CARB). Pembroke Management holds 3.22% of its portfolio in Carbonite, Inc. (NASDAQ:CARB) for 1.25 million shares. Paw Capital Corp invested in 130,000 shares or 4.1% of the stock. Jefferies Grp Lc has 65,844 shares for 0.01% of their portfolio.

Another recent and important Abbott Laboratories (NYSE:ABT) news was published by Seekingalpha.com which published an article titled: “Key events next week – healthcare” on April 13, 2018.

Since December 14, 2017, it had 1 buy, and 19 insider sales for $23.57 million activity. 2,100 shares were sold by Bracken Sharon J, worth $126,559. Funck Robert E had sold 1,220 shares worth $71,970. Shares for $183,579 were sold by Watkin Jared. On Friday, March 9 BIRD ROGER sold $518,450 worth of Abbott Laboratories (NYSE:ABT) or 8,262 shares. MANNING JOSEPH J also sold $84,344 worth of Abbott Laboratories (NYSE:ABT) on Wednesday, February 28. PEDERSON MICHAEL J had sold 459 shares worth $27,213. The insider Fussell Stephen R sold $3.36M.

Among 25 analysts covering Abbott Laboratories (NYSE:ABT), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. Abbott Laboratories had 107 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, January 24 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, January 25 by William Blair. The company was upgraded on Tuesday, January 2 by Morgan Stanley. The firm has “Market Perform” rating by William Blair given on Friday, January 29. The stock has “Buy” rating by Deutsche Bank on Saturday, August 29. Barclays Capital maintained it with “Overweight” rating and $64 target in Thursday, October 19 report. The firm has “Buy” rating by Jefferies given on Tuesday, March 15. The firm earned “Outperform” rating on Friday, October 9 by RBC Capital Markets. As per Friday, July 21, the company rating was maintained by Deutsche Bank. As per Thursday, August 31, the company rating was maintained by BMO Capital Markets.

Investors sentiment increased to 0.91 in 2017 Q4. Its up 0.04, from 0.87 in 2017Q3. It increased, as 52 investors sold ABT shares while 558 reduced holdings. 123 funds opened positions while 430 raised stakes. 1.22 billion shares or 0.64% more from 1.21 billion shares in 2017Q3 were reported. Blair William And Communications Il holds 0.3% of its portfolio in Abbott Laboratories (NYSE:ABT) for 772,184 shares. 141,120 were reported by Kdi Prtn Ltd Llc. Amer Int Grp Inc Inc accumulated 710,825 shares. Emerald Advisers Inc Pa holds 0.04% or 17,728 shares. First Midwest Bank & Trust Tru Division owns 152,820 shares. Penbrook Management Ltd holds 3,840 shares or 0.2% of its portfolio. Wolverine Asset Mgmt Ltd Liability Company has 5 shares for 0% of their portfolio. State Treasurer State Of Michigan, a Michigan-based fund reported 772,943 shares. National Insurance Company Tx, a Texas-based fund reported 135,190 shares. Lowe Brockenbrough Communication owns 61,859 shares. Cypress Cap Mngmt Ltd (Wy) reported 1,716 shares stake. Citadel Limited Co owns 6.49M shares or 0.23% of their US portfolio. Endurance Wealth Mgmt Inc holds 705 shares or 0.01% of its portfolio. Management Of Virginia Limited has 1.8% invested in Abbott Laboratories (NYSE:ABT) for 133,073 shares. Oregon Employees Retirement Fund invested in 0.16% or 184,801 shares.

Carbonite, Inc. (NASDAQ:CARB) Institutional Positions Chart

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