Barclays PLC Sells 8,287 Shares of Perion Network Ltd. (NASDAQ:PERI)

Barclays PLC decreased its holdings in Perion Network Ltd. (NASDAQ:PERI) by 28.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,427 shares of the technology company’s stock after selling 8,287 shares during the period. Barclays PLC’s holdings in Perion Network were worth $161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Perion Network by 17.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,244 shares of the technology company’s stock valued at $128,000 after acquiring an additional 2,299 shares during the period. Van ECK Associates Corp grew its stake in Perion Network by 9.7% in the second quarter. Van ECK Associates Corp now owns 16,540 shares of the technology company’s stock valued at $138,000 after purchasing an additional 1,468 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Perion Network by 43.5% in the second quarter. Acadian Asset Management LLC now owns 1,722,676 shares of the technology company’s stock worth $14,367,000 after purchasing an additional 522,424 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Perion Network by 38.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 46,026 shares of the technology company’s stock worth $384,000 after purchasing an additional 12,875 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in shares of Perion Network by 580.4% during the second quarter. Y.D. More Investments Ltd now owns 264,379 shares of the technology company’s stock valued at $2,191,000 after buying an additional 225,520 shares during the last quarter. Hedge funds and other institutional investors own 68.12% of the company’s stock.

Perion Network Stock Down 0.8 %

Shares of Perion Network stock opened at $8.84 on Wednesday. The firm has a market capitalization of $425.44 million, a P/E ratio of 9.51, a PEG ratio of 0.45 and a beta of 1.46. Perion Network Ltd. has a 52 week low of $7.47 and a 52 week high of $31.38. The company has a 50 day moving average price of $8.63 and a 200 day moving average price of $8.40.

Analysts Set New Price Targets

Several research analysts recently commented on PERI shares. Stifel Nicolaus reduced their price objective on shares of Perion Network from $9.00 to $7.50 and set a “hold” rating for the company in a research note on Monday, October 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.13.

Perion Network Company Profile

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It offers Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.