Twilio Inc. (NYSE:TWLO) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of Twilio Inc. (NYSE:TWLO) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,858 shares of the technology company’s stock after selling 271 shares during the quarter. Intech Investment Management LLC’s holdings in Twilio were worth $1,752,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TWLO. Dimensional Fund Advisors LP raised its holdings in Twilio by 11.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after purchasing an additional 224,040 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after purchasing an additional 311,481 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after buying an additional 1,006,391 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Twilio by 258.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after buying an additional 630,627 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after buying an additional 531,075 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 4,174 shares of Twilio stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the transaction, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,701 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the sale, the chief financial officer now owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,946 shares of company stock worth $3,354,771 over the last three months. 4.50% of the stock is owned by insiders.

Twilio Trading Up 1.0 %

TWLO stock opened at $105.44 on Tuesday. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $108.44. The company has a market cap of $16.17 billion, a price-to-earnings ratio of -41.03, a PEG ratio of 3.02 and a beta of 1.32. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $77.22 and a 200-day simple moving average of $65.17.

Analysts Set New Price Targets

TWLO has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Oppenheimer increased their target price on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Needham & Company LLC boosted their price target on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird upped their price objective on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Twilio currently has an average rating of “Hold” and an average price target of $83.70.

Twilio Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.