JPMorgan Chase & Co. Purchases 2,695 Shares of Digimarc Co. (NASDAQ:DMRC)

JPMorgan Chase & Co. boosted its holdings in shares of Digimarc Co. (NASDAQ:DMRC) by 41.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,187 shares of the information technology services provider’s stock after purchasing an additional 2,695 shares during the period. JPMorgan Chase & Co.’s holdings in Digimarc were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Beaconlight Capital LLC raised its position in shares of Digimarc by 3.4% during the third quarter. Beaconlight Capital LLC now owns 801,084 shares of the information technology services provider’s stock worth $21,533,000 after purchasing an additional 26,425 shares during the period. Silverberg Bernstein Capital Management LLC increased its stake in Digimarc by 4.0% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider’s stock worth $12,363,000 after purchasing an additional 17,880 shares in the last quarter. Woodson Capital Management LP raised its holdings in Digimarc by 18.5% during the 3rd quarter. Woodson Capital Management LP now owns 455,664 shares of the information technology services provider’s stock worth $12,248,000 after buying an additional 71,126 shares during the period. Private Advisor Group LLC lifted its stake in Digimarc by 2.2% in the third quarter. Private Advisor Group LLC now owns 359,714 shares of the information technology services provider’s stock valued at $9,669,000 after buying an additional 7,806 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 period. 66.85% of the stock is owned by institutional investors and hedge funds.

Digimarc Price Performance

DMRC stock opened at $36.67 on Friday. The stock has a market capitalization of $785.47 million, a P/E ratio of -18.81 and a beta of 1.67. Digimarc Co. has a fifty-two week low of $21.00 and a fifty-two week high of $48.32. The business has a 50-day moving average of $38.40 and a 200-day moving average of $32.74.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Digimarc in a report on Friday, November 15th.

Digimarc 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.