Digimarc Co. (NASDAQ:DMRC) Shares Acquired by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its holdings in Digimarc Co. (NASDAQ:DMRCGet Rating) by 67.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,940 shares of the information technology services provider’s stock after buying an additional 7,640 shares during the period. State Board of Administration of Florida Retirement System owned 0.09% of Digimarc worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of DMRC. Amalgamated Bank purchased a new stake in shares of Digimarc in the first quarter valued at about $55,000. JPMorgan Chase & Co. grew its holdings in shares of Digimarc by 21.6% in the first quarter. JPMorgan Chase & Co. now owns 5,975 shares of the information technology services provider’s stock valued at $158,000 after purchasing an additional 1,063 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Digimarc by 54.1% in the first quarter. MetLife Investment Management LLC now owns 8,465 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 2,971 shares during the period. Cisco Systems Inc. purchased a new stake in shares of Digimarc in the first quarter valued at about $551,000. Finally, Bryant Woods Investment Advisors LLC grew its holdings in shares of Digimarc by 3.3% in the second quarter. Bryant Woods Investment Advisors LLC now owns 48,129 shares of the information technology services provider’s stock valued at $679,000 after purchasing an additional 1,521 shares during the period. Hedge funds and other institutional investors own 65.68% of the company’s stock.

Digimarc Price Performance

Shares of DMRC stock opened at $21.92 on Tuesday. The firm has a market cap of $439.19 million, a PE ratio of -7.21 and a beta of 1.35. The company has a 50-day moving average of $16.53 and a two-hundred day moving average of $16.57. Digimarc Co. has a 1-year low of $12.45 and a 1-year high of $47.48.

Insiders Place Their Bets

In other Digimarc news, EVP Tony Rodriguez sold 3,000 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $20.07, for a total transaction of $60,210.00. Following the completion of the transaction, the executive vice president now owns 22,759 shares of the company’s stock, valued at $456,773.13. The sale was disclosed in a legal filing with the SEC, which is available at this link. 23.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Craig Hallum lowered their target price on shares of Digimarc to $17.00 in a research note on Tuesday, August 9th.

About Digimarc

(Get Rating)

Digimarc Corporation provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc watermarks, a data carrier that provides a digital identity to media objects; Digimarc Discover, a software for computing devices and network interfaces that recognize and decode indicia of the identity of media; and Digimarc Verify, a suite of software tools used to inspect and verify that the identification and discovery of media.

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Institutional Ownership by Quarter for Digimarc (NASDAQ:DMRC)

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