Synchronoss Technologies, Inc. (NASDAQ:SNCR) Holdings Raised by State Street Corp

State Street Corp grew its stake in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 12.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,075 shares of the software maker’s stock after acquiring an additional 4,000 shares during the period. State Street Corp owned 0.32% of Synchronoss Technologies worth $522,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in Synchronoss Technologies in the third quarter valued at about $165,000. Dimensional Fund Advisors LP increased its holdings in Synchronoss Technologies by 40.6% in the second quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock worth $654,000 after buying an additional 20,368 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Synchronoss Technologies by 9.3% in the second quarter. Renaissance Technologies LLC now owns 78,974 shares of the software maker’s stock worth $734,000 after buying an additional 6,700 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Synchronoss Technologies by 2.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 563,976 shares of the software maker’s stock valued at $8,395,000 after acquiring an additional 13,984 shares during the last quarter. 51.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNCR has been the subject of a number of recent research reports. Roth Capital upgraded shares of Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 25th. Roth Mkm raised shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $13.00 in a research report on Monday, November 25th.

Synchronoss Technologies Trading Down 3.6 %

Shares of NASDAQ:SNCR opened at $9.17 on Friday. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.88 and a current ratio of 1.88. The stock’s 50-day moving average is $9.89 and its 200-day moving average is $10.92. The company has a market cap of $99.39 million, a P/E ratio of -2.36 and a beta of 1.99. Synchronoss Technologies, Inc. has a 52-week low of $5.18 and a 52-week high of $15.46.

Synchronoss Technologies Company 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.