Digimarc Co. (NASDAQ:DMRC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Digimarc Co. (NASDAQ:DMRC) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,114 shares of the information technology services provider’s stock after selling 3,414 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Digimarc worth $594,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Digimarc by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 239,946 shares of the information technology services provider’s stock worth $7,441,000 after purchasing an additional 7,356 shares in the last quarter. West Branch Capital LLC acquired a new position in shares of Digimarc in the 2nd quarter valued at $62,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Digimarc in the 2nd quarter worth $148,000. McCollum Christoferson Group LLC acquired a new stake in Digimarc during the 2nd quarter worth about $211,000. Finally, nVerses Capital LLC purchased a new stake in Digimarc during the 2nd quarter valued at about $62,000. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DMRC. StockNews.com upgraded Digimarc to a “sell” rating in a research note on Tuesday, September 17th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Digimarc in a research note on Friday, November 15th.

Digimarc Stock Up 1.8 %

Shares of DMRC stock opened at $36.92 on Friday. Digimarc Co. has a 52-week low of $21.00 and a 52-week high of $43.43. The stock has a market cap of $790.86 million, a PE ratio of -18.93 and a beta of 1.70. The business has a 50-day simple moving average of $32.74 and a 200-day simple moving average of $30.35.

About Digimarc

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.