Barclays PLC Reduces Holdings in Perion Network Ltd. (NASDAQ:PERI)

Barclays PLC trimmed its position in shares of Perion Network Ltd. (NASDAQ:PERI) by 28.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,427 shares of the technology company’s stock after selling 8,287 shares during the quarter. Barclays PLC’s holdings in Perion Network were worth $161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new stake in shares of Perion Network in the third quarter valued at about $134,000. XTX Topco Ltd bought a new stake in shares of Perion Network in the third quarter valued at about $150,000. Hsbc Holdings PLC bought a new stake in shares of Perion Network in the second quarter valued at about $157,000. State of New Jersey Common Pension Fund D raised its holdings in shares of 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 valued at $384,000 after acquiring an additional 12,875 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Perion Network by 67.8% in the third quarter. Geode Capital Management LLC now owns 57,975 shares of the technology company’s stock valued at $457,000 after acquiring an additional 23,423 shares in the last quarter. 68.12% of the stock is owned by hedge funds and other institutional investors.

Perion Network Stock Performance

Perion Network stock opened at $8.96 on Thursday. The company’s fifty day moving average price is $8.66 and its 200 day moving average price is $8.43. Perion Network Ltd. has a 1 year low of $7.47 and a 1 year high of $31.38. The stock has a market capitalization of $431.24 million, a P/E ratio of 9.63, a P/E/G ratio of 0.79 and a beta of 1.46.

Analyst Ratings Changes

PERI has been the subject of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of Perion Network from $9.00 to $7.50 and set a “hold” rating for the company in a report on Monday, October 14th. Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a report on Tuesday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.13.

Perion Network 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.