State Street Corp Has $10.17 Million Position in Digimarc Co. (NASDAQ:DMRC)

State Street Corp cut its position in shares of Digimarc Co. (NASDAQ:DMRC) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 378,379 shares of the information technology services provider’s stock after selling 13,963 shares during the quarter. State Street Corp owned 1.77% of Digimarc worth $10,171,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Beaconlight Capital LLC increased 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 valued at $21,533,000 after purchasing an additional 26,425 shares during the period. Kimelman & Baird LLC bought a new stake in Digimarc in the 2nd quarter valued at $18,249,000. Silverberg Bernstein Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 17,880 shares during the period. Woodson Capital Management LP boosted its position in shares of 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 valued at $12,248,000 after acquiring an additional 71,126 shares in the last quarter. Finally, Private Advisor Group LLC increased 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 acquiring an additional 7,806 shares during the period. Institutional investors and hedge funds own 66.85% of the company’s stock.

Digimarc Stock Up 2.3 %

Shares of Digimarc stock opened at $38.77 on Friday. The stock has a market capitalization of $830.49 million, a P/E ratio of -19.88 and a beta of 1.70. Digimarc Co. has a 12-month low of $21.00 and a 12-month high of $43.43. The company has a 50-day simple moving average of $33.57 and a 200 day simple moving average of $30.67.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com upgraded shares of 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 target price on shares of Digimarc in a research 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.