Charles Schwab Investment Management Inc. Purchases 2,008 Shares of Digimarc Co. (NASDAQ:DMRC)

Charles Schwab Investment Management Inc. grew its holdings in shares of Digimarc Co. (NASDAQ:DMRC) by 1.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 122,654 shares of the information technology services provider’s stock after buying an additional 2,008 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Digimarc were worth $4,593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its holdings in Digimarc by 240.9% during the 3rd quarter. Barclays PLC now owns 25,172 shares of the information technology services provider’s stock valued at $677,000 after acquiring an additional 17,788 shares during the period. Moody National Bank Trust Division purchased a new stake in shares of Digimarc during the fourth quarter valued at $574,000. Woodson Capital Management LP boosted its stake in shares of Digimarc by 18.5% during the third quarter. Woodson Capital Management LP now owns 455,664 shares of the information technology services provider’s stock valued at $12,248,000 after purchasing an additional 71,126 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Digimarc in the fourth quarter worth about $300,000. Finally, FMR LLC increased 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 worth $134,000 after buying an additional 3,331 shares during the period. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Digimarc Price Performance

NASDAQ:DMRC opened at $14.71 on Wednesday. Digimarc Co. has a 1-year low of $13.95 and a 1-year high of $48.32. The company has a 50-day moving average of $27.79 and a 200 day moving average of $31.20. The firm has a market cap of $316.99 million, a PE ratio of -7.54 and a beta of 1.61.

Analyst Ratings Changes

Separately, Needham & Company LLC reduced their target price on shares of Digimarc from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th.

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.