JPMorgan Chase & Co. Has $247,000 Stake in Digimarc Co. (NASDAQ:DMRC)

JPMorgan Chase & Co. lifted its stake in Digimarc Co. (NASDAQ:DMRC) by 41.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,187 shares of the information technology services provider’s stock after purchasing an additional 2,695 shares during the period. JPMorgan Chase & Co.’s holdings in Digimarc were worth $247,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Barclays PLC raised its holdings in Digimarc by 240.9% during the 3rd quarter. Barclays PLC now owns 25,172 shares of the information technology services provider’s stock worth $677,000 after purchasing an additional 17,788 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Digimarc during the 3rd quarter worth approximately $216,000. Woodson Capital Management LP raised its stake in shares of Digimarc by 18.5% during the third quarter. Woodson Capital Management LP now owns 455,664 shares of the information technology services provider’s stock worth $12,248,000 after buying an additional 71,126 shares during the last quarter. PEAK6 Investments LLC acquired a new position in Digimarc in the third quarter valued at approximately $292,000. Finally, Beaconlight Capital LLC boosted its stake in Digimarc by 3.4% in 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 acquiring an additional 26,425 shares during the last quarter. Institutional investors own 66.85% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Digimarc in a research report on Friday, November 15th.

Digimarc Trading Down 2.8 %

Shares of DMRC opened at $36.67 on Friday. The stock has a market cap of $785.47 million, a P/E ratio of -18.81 and a beta of 1.67. Digimarc Co. has a 1 year low of $21.00 and a 1 year high of $48.32. The stock’s 50-day moving average price is $38.40 and its two-hundred day moving average price is $32.74.

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.