Dimensional Fund Advisors LP Has $1.21 Million Stock Holdings in Identiv, Inc. (NASDAQ:INVE)

Dimensional Fund Advisors LP cut its stake in shares of Identiv, Inc. (NASDAQ:INVE) by 23.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 281,222 shares of the technology company’s stock after selling 85,502 shares during the period. Dimensional Fund Advisors LP’s holdings in Identiv were worth $1,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Essex Investment Management Co. LLC raised its position in Identiv by 1.5% during the first quarter. Essex Investment Management Co. LLC now owns 395,438 shares of the technology company’s stock valued at $3,132,000 after buying an additional 6,016 shares during the period. Vanguard Group Inc. raised its position in Identiv by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,190,743 shares of the technology company’s stock valued at $9,431,000 after buying an additional 3,407 shares during the period. Assenagon Asset Management S.A. raised its position in Identiv by 156.3% during the second quarter. Assenagon Asset Management S.A. now owns 231,167 shares of the technology company’s stock valued at $994,000 after buying an additional 140,981 shares during the period. Acadian Asset Management LLC acquired a new position in Identiv during the second quarter valued at $164,000. Finally, Perritt Capital Management Inc raised its position in Identiv by 54.2% during the second quarter. Perritt Capital Management Inc now owns 85,300 shares of the technology company’s stock valued at $367,000 after buying an additional 30,000 shares during the period. 65.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INVE has been the topic of several recent analyst reports. Craig Hallum dropped their price target on Identiv from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. B. Riley lowered their target price on Identiv from $9.50 to $8.50 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, StockNews.com downgraded Identiv from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.

Identiv Price Performance

Shares of NASDAQ INVE opened at $3.63 on Friday. The business’s 50-day moving average price is $3.44 and its two-hundred day moving average price is $4.23. Identiv, Inc. has a one year low of $2.95 and a one year high of $9.24. The company has a market capitalization of $84.88 million, a P/E ratio of -10.08 and a beta of 1.35.

Identiv (NASDAQ:INVE) last issued its earnings results on Thursday, August 8th. The technology company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). Identiv had a negative net margin of 13.77% and a negative return on equity of 18.44%. The firm had revenue of $6.74 million during the quarter, compared to analysts’ expectations of $24.00 million. On average, equities analysts anticipate that Identiv, Inc. will post -1.02 EPS for the current year.

Identiv Company Profile

Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.