SEC Filing Coverage: Learn Why Mario Gabelli’s Gamco Investors, Inc Et Al Just Purchased Fleetmatics Group Plc Stake?

SEC Filing Coverage: Learn Why Mario Gabelli's Gamco Investors, Inc Et Al Just Purchased Fleetmatics Group Plc Stake?

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in Fleetmatics Group Plc

Gamco Investors, Inc Et Al filed with the SEC SC 13D/A form for Fleetmatics Group Plc. The form can be accessed here: 000080724916000467. As reported in Mario Gabelli’s Gamco Investors, Inc Et Al’s form, the filler as of late owns 5.2% or 2,039,031 shares of the Information Technology–company.

Fleetmatics Group Plc stake is a new one for the for the hedge fund and it was filed because of activity on November 2, 2016. We feel this shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for the stock.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mario Gabelli’s Gamco Investors, Inc Et Al’s US equities portfolio is in this sector.

Fleetmatics Group Plc Institutional Sentiment

Latest Security and Exchange filings show 162 investors own Fleetmatics Group Plc. The institutional ownership in Q3 2015 is high, at 122.78% of the outstanding shares. This is increased by 7634232 the total institutional shares. 48094718 were the shares owned by these institutional investors. In total 24 funds opened new Fleetmatics Group Plc stakes, 49 increased stakes. There were 16 that closed positions and 69 reduced them.

3 managers had the stock in their top Ten. Notable investors are: Rice Hall James & Associates Llc, Smith Thomas W, Weatherbie Capital Llc..

Ashford Capital Management Inc is an institutional investor bullish on Fleetmatics Group Plc, owning 291830 shares as of Q3 2015 for 3.36% of its portfolio. Shearlink Capital Llc owns 365605 shares or 7.89% of its portfolio. NY Hartwell J M Limited Partnership have 0.84% of their stock portfolio for 74675 shares. Further, Matterhorn Capital Management Llc reported stake worth 1.92% of its US stock portfolio. The NC Franklin Street Advisors Inc owns 30070 shares. Fleetmatics Group Plc is 0.29% of the manager’s US portfolio.

Business Profile

Fleetmatics Group PLC is a holding company. The Company is a provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service (SaaS). It offers Web-based and mobile application solutions that provide fleet operators with access to vehicle location, fuel usage, speed and mileage and others into their mobile workforce. The Company’s product offerings include Fleetmatics REVEAL, a business intelligence-based fleet management solution for small and midsize businesses (SMBs); Fleetmatics REVEAL+, which extends Fleetmatics REVEAL to larger enterprises, and Fleetmatics WORK, a field service management solution. The Company’s solutions include fleet management and field service management. Its SaaS-based fleet management solution enables businesses to manage their local fleets by extracting actionable business intelligence from vehicle and driver behavioral data. The Company conducts all of its business through its operating subsidiaries.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.14, from 1.15 in 2016Q1. The ratio improved, as 24 funds sold all FleetMatics Group PLC shares owned while 56 reduced positions. 33 funds bought stakes while 70 increased positions. They now own 39.66 million shares or 3.81% less from 41.23 million shares in 2016Q1.

The New York-based Bnp Paribas Arbitrage has invested 0% in FleetMatics Group PLC (NYSE:FLTX). Lpl Fincl Lc accumulated 8,519 shares or 0% of the stock. Sei Invests reported 82,238 shares or 0.02% of all its holdings. Millennium Mngmt Ltd Llc last reported 0% of its portfolio in the stock. Citadel Advisors Lc, a Illinois-based fund reported 46,618 shares. Finemark Bank Trust holds 0.01% or 1,877 shares in its portfolio. Granahan Mgmt Ma accumulated 393,600 shares or 0.62% of the stock. Gsa Cap Partners Llp last reported 12,683 shares in the company. Fifth Third Bank & Trust last reported 0% of its portfolio in the stock. Ameriprise Inc has 615,344 shares for 0.02% of their US portfolio. Proshare Lc has 0% invested in the company for 4,796 shares. Massachusetts Fincl Ma reported 554,445 shares or 0.01% of all its holdings. Moreover, Mackenzie Fincl has 0% invested in FleetMatics Group PLC (NYSE:FLTX) for 12,250 shares. Trexquant Lp holds 0.09% or 15,305 shares in its portfolio. Aqr Management Lc last reported 64,452 shares in the company.

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 3 insider sales for $777,965 net activity. On Tuesday, May 10 Kelliher James F. sold $134,130 worth of the stock or 3,477 shares. On Wednesday, July 20 LIFSHATZ STEPHEN J sold $343,212 worth of the stock or 8,000 shares.

It is down 48.38% since April 1, 2016 and is uptrending. It has outperformed by 47.16% the S&P500.

Fleetmatics Group PLC is a holding company. The company has a market cap of $2.35 billion. The Firm is a well-known provider of mobile workforce solutions for service businesses of all sizes delivered as software-as-a-service . It has a 77.85 P/E ratio. It offers Web and mobile application solutions that provide fleet operators with access to vehicle location, fuel usage, speed and mileage and others into their mobile workforce.

FleetMatics Group PLC (NYSE:FLTX) Ratings Coverage

Out of 12 analysts covering Fleetmatics (NYSE:FLTX), 5 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 42% are positive. $63 is the highest target while $48 is the lowest. The $56.22 average target is -6.14% below today’s ($59.9) stock price. Fleetmatics has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Citigroup maintained FleetMatics Group PLC (NYSE:FLTX) rating on Tuesday, August 9. Citigroup has “Neutral” rating and $60 price target. On Tuesday, February 9 the stock rating was initiated by Avondale with “Market Perform”. The rating was initiated by Morgan Stanley on Wednesday, June 29 with “Overweight”. Robert W. Baird initiated FleetMatics Group PLC (NYSE:FLTX) rating on Wednesday, June 29. Robert W. Baird has “Outperform” rating and $52 price target. The firm has “Outperform” rating given on Monday, November 2 by RBC Capital Markets. The stock of FleetMatics Group PLC (NYSE:FLTX) has “Neutral” rating given on Tuesday, August 9 by Tigress Financial. The stock of FleetMatics Group PLC (NYSE:FLTX) has “Overweight” rating given on Wednesday, May 25 by Pacific Crest. The rating was maintained by Avondale on Thursday, February 25 with “Market Perform”. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, August 5 report. Imperial Capital initiated it with “In-Line” rating and $52 target price in Wednesday, August 19 report.

Another recent and important FleetMatics Group PLC (NYSE:FLTX) news was published by Fool.com which published an article titled: “Fleetmatics Group PLC Soars on Acquisition By Verizon Communications” on August 01, 2016.

According to Zacks Investment Research, “Fleetmatics Group Limited provides fleet management solutions for small and medium-sized businesses delivered as software-as-a-service. It offers Web-based and mobile application solutions, which provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage and other insights into their mobile workforce. The Company’s solutions are marketed and sold under both the Fleetmatics and SageQuest brands. Fleetmatics Group Limited is based in Tallaght, Ireland.”

FLTX Company Profile

Fleetmatics Group PLC, incorporated on August 15, 2012, is a holding company. The Firm is a well-known provider of mobile workforce solutions for service businesses of all sizes delivered as software-as-a-service (SaaS). The Company’s mobile software platform enables businesses to manage their local fleets of commercial vehicles. The Firm offers Web and mobile application solutions that provide fleet operators with access to vehicle location, fuel usage, speed and mileage and others into their mobile workforce. The Company’s product offerings include Fleetmatics REVEAL, a business intelligence fleet management solution for small and midsize businesses (SMBs); Fleetmatics REVEAL+, which extends Fleetmatics REVEAL to larger enterprises, and Fleetmatics WORK, a field service management solution.

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