BNP Paribas Financial Markets Grows Position in Digimarc Co. (NASDAQ:DMRC)

BNP Paribas Financial Markets grew its stake in Digimarc Co. (NASDAQ:DMRC) by 28.4% during the 3rd quarter, Holdings Channel reports. The fund owned 7,800 shares of the information technology services provider’s stock after acquiring an additional 1,724 shares during the period. BNP Paribas Financial Markets’ holdings in Digimarc were worth $210,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FMR LLC raised its stake in Digimarc by 201.6% in the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 3,331 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Digimarc by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,646 shares of the information technology services provider’s stock valued at $3,243,000 after buying an additional 3,801 shares during the last quarter. Curi RMB Capital LLC lifted its stake in shares of Digimarc by 0.7% during the third quarter. Curi RMB Capital LLC now owns 117,821 shares of the information technology services provider’s stock valued at $3,167,000 after buying an additional 843 shares during the period. Private Advisor Group LLC boosted its position in Digimarc by 2.2% during the third quarter. Private Advisor Group LLC now owns 359,714 shares of the information technology services provider’s stock worth $9,669,000 after acquiring an additional 7,806 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in Digimarc by 36.4% in the 3rd quarter. Inspire Investing LLC now owns 15,368 shares of the information technology services provider’s stock worth $413,000 after acquiring an additional 4,099 shares during the period. Institutional investors and hedge funds own 66.85% of the company’s stock.

Digimarc Stock Up 2.6 %

DMRC opened at $35.50 on Tuesday. The firm’s 50 day moving average is $32.21 and its 200-day moving average is $30.18. Digimarc Co. has a 52-week low of $21.00 and a 52-week high of $43.43. The firm has a market capitalization of $760.45 million, a P/E ratio of -18.21 and a beta of 1.70.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DMRC shares. StockNews.com raised Digimarc to a “sell” rating in a research note on Tuesday, September 17th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Digimarc in a report on Friday, November 15th.

Digimarc Company Profile

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.