Allspring Global Investments Holdings LLC Invests $300,000 in Digimarc Co. (NASDAQ:DMRC)

Allspring Global Investments Holdings LLC bought a new stake in shares of Digimarc Co. (NASDAQ:DMRC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,000 shares of the information technology services provider’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Digimarc by 201.6% in the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 3,331 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Digimarc by 28.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider’s stock worth $210,000 after acquiring an additional 1,724 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Digimarc in the 3rd quarter worth about $216,000. SG Americas Securities LLC increased its stake in shares of Digimarc by 65.6% during the fourth quarter. SG Americas Securities LLC now owns 6,538 shares of the information technology services provider’s stock valued at $245,000 after purchasing an additional 2,590 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Digimarc by 41.5% in the third quarter. JPMorgan Chase & Co. now owns 9,187 shares of the information technology services provider’s stock worth $247,000 after acquiring an additional 2,695 shares during the last quarter. Institutional investors own 66.85% of the company’s stock.

Analyst Ratings Changes

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

Digimarc Trading Up 0.3 %

DMRC opened at $26.93 on Wednesday. Digimarc Co. has a 12-month low of $21.00 and a 12-month high of $48.32. The company has a market cap of $576.87 million, a price-to-earnings ratio of -13.81 and a beta of 1.66. The company’s 50 day moving average is $37.70 and its 200 day moving average is $32.87.

About Digimarc

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.