XTX Topco Ltd Makes New Investment in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

XTX Topco Ltd purchased a new stake in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,923 shares of the software maker’s stock, valued at approximately $237,000.

Several other large investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in Synchronoss Technologies by 2.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 563,976 shares of the software maker’s stock valued at $8,395,000 after purchasing an additional 13,984 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Synchronoss Technologies by 9.3% during the second quarter. Renaissance Technologies LLC now owns 78,974 shares of the software maker’s stock valued at $734,000 after buying an additional 6,700 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Synchronoss Technologies by 40.6% during the second quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock valued at $654,000 after acquiring an additional 20,368 shares in the last quarter. State Street Corp raised its holdings in Synchronoss Technologies by 12.9% in the 3rd quarter. State Street Corp now owns 35,075 shares of the software maker’s stock worth $522,000 after acquiring an additional 4,000 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Synchronoss Technologies in the 3rd quarter valued at approximately $165,000. Hedge funds and other institutional investors own 51.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on SNCR shares. Roth Mkm raised Synchronoss Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $13.00 in a report on Monday, November 25th. Roth Capital upgraded Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 25th.

Synchronoss Technologies Trading Down 4.9 %

Shares of SNCR stock opened at $8.88 on Thursday. The stock has a market capitalization of $96.25 million, a P/E ratio of -2.29 and a beta of 1.99. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 5.75. The firm’s 50 day moving average is $10.46 and its 200 day moving average is $10.89. Synchronoss Technologies, Inc. has a 12-month low of $5.18 and a 12-month high of $15.46.

Synchronoss Technologies Profile

Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.