Geode Capital Management LLC Has $1.56 Million Holdings in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Geode Capital Management LLC grew its stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,557 shares of the software maker’s stock after buying an additional 4,159 shares during the period. Geode Capital Management LLC owned approximately 0.96% of Synchronoss Technologies worth $1,557,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SNCR. Barclays PLC boosted its holdings in shares of Synchronoss Technologies by 603.6% during the 3rd quarter. Barclays PLC now owns 5,734 shares of the software maker’s stock worth $85,000 after buying an additional 4,919 shares during the period. GSA Capital Partners LLP bought a new stake in Synchronoss Technologies during the third quarter valued at about $165,000. XTX Topco Ltd acquired a new stake in shares of Synchronoss Technologies in the third quarter valued at about $237,000. State Street Corp increased its stake in shares of Synchronoss Technologies by 12.9% in the third quarter. State Street Corp now owns 35,075 shares of the software maker’s stock worth $522,000 after purchasing an additional 4,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Synchronoss Technologies by 40.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock worth $654,000 after purchasing an additional 20,368 shares during the last quarter. Institutional investors own 51.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Synchronoss Technologies Stock Down 1.3 %

Shares of SNCR opened at $8.78 on Thursday. 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 company has a 50-day simple moving average of $9.75 and a 200-day simple moving average of $10.96. Synchronoss Technologies, Inc. has a 52 week low of $5.18 and a 52 week high of $15.46. The firm has a market capitalization of $95.17 million, a P/E ratio of -2.26 and a beta of 1.97.

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.