Bank of New York Mellon Corp Acquires 703 Shares of Digimarc Co. (NASDAQ:DMRC)

Bank of New York Mellon Corp increased its holdings in Digimarc Co. (NASDAQ:DMRC) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 228,780 shares of the information technology services provider’s stock after purchasing an additional 703 shares during the period. Bank of New York Mellon Corp owned approximately 1.07% of Digimarc worth $8,568,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DMRC. Barclays PLC boosted its stake in Digimarc by 240.9% during the third quarter. Barclays PLC now owns 25,172 shares of the information technology services provider’s stock worth $677,000 after buying an additional 17,788 shares during the period. Moody National Bank Trust Division purchased a new position in Digimarc during the fourth quarter worth $574,000. Woodson Capital Management LP boosted its stake in 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 period. Allspring Global Investments Holdings LLC purchased a new position in Digimarc during the fourth quarter worth $300,000. Finally, FMR LLC boosted its stake in Digimarc by 201.6% during the third quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock worth $134,000 after buying an additional 3,331 shares during the period. Institutional investors own 66.85% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC lowered their target price on shares of Digimarc from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, February 27th.

Digimarc Trading Up 3.1 %

Shares of DMRC opened at $14.47 on Friday. Digimarc Co. has a 12-month low of $13.95 and a 12-month high of $48.32. The firm has a fifty day moving average price of $31.87 and a 200-day moving average price of $31.78. The firm has a market capitalization of $311.81 million, a P/E ratio of -7.42 and a beta of 1.61.

Digimarc 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.