Cubist Systematic Strategies LLC increased its stake in shares of Mitek Systems, Inc. (NASDAQ:MITK – Get Rating) by 46.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,713 shares of the software maker’s stock after purchasing an additional 22,826 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.16% of Mitek Systems worth $657,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in MITK. Byrne Asset Management LLC increased its stake in shares of Mitek Systems by 57.8% in the 3rd quarter. Byrne Asset Management LLC now owns 2,840 shares of the software maker’s stock valued at $26,000 after acquiring an additional 1,040 shares during the last quarter. White Pine Capital LLC increased its stake in Mitek Systems by 1.7% in the third quarter. White Pine Capital LLC now owns 84,005 shares of the software maker’s stock valued at $769,000 after purchasing an additional 1,383 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Mitek Systems by 88.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,142 shares of the software maker’s stock worth $29,000 after purchasing an additional 1,475 shares during the period. New Century Advisors LLC boosted its position in shares of Mitek Systems by 156.9% during the third quarter. New Century Advisors LLC now owns 2,818 shares of the software maker’s stock worth $26,000 after purchasing an additional 1,721 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Mitek Systems by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 113,399 shares of the software maker’s stock valued at $1,664,000 after buying an additional 1,729 shares during the period. Institutional investors and hedge funds own 69.96% of the company’s stock.
Mitek Systems Stock Performance
Shares of Mitek Systems stock opened at $8.76 on Friday. Mitek Systems, Inc. has a 12 month low of $8.32 and a 12 month high of $15.31. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $391.40 million, a PE ratio of 62.57 and a beta of 0.79. The stock’s fifty day simple moving average is $9.74 and its 200 day simple moving average is $10.11.
Mitek Systems Profile
Mitek Systems, Inc engages in the innovation of mobile capture and digital identity verification solutions. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, Mobile Docs, A2iA CheckReader, A2iA XE, A2iA DocumentReader, A2iA TextReader, and ICAR ID_CLOUD. The company was founded in 1986 and is headquartered in San Diego, CA.
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