BNP Paribas Financial Markets Raises Holdings in Digimarc Co. (NASDAQ:DMRC)

BNP Paribas Financial Markets lifted its position in Digimarc Co. (NASDAQ:DMRC) by 28.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,800 shares of the information technology services provider’s stock after purchasing an additional 1,724 shares during the quarter. BNP Paribas Financial Markets’ holdings in Digimarc were worth $210,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Digimarc by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 239,946 shares of the information technology services provider’s stock valued at $7,441,000 after acquiring an additional 7,356 shares during the period. West Branch Capital LLC purchased a new position in Digimarc during the 2nd quarter worth $62,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Digimarc in the second quarter valued at $148,000. McCollum Christoferson Group LLC purchased a new stake in shares of Digimarc in the second quarter valued at about $211,000. Finally, nVerses Capital LLC purchased a new position in shares of Digimarc during the second quarter worth about $62,000. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Digimarc Stock Up 2.6 %

Shares of NASDAQ:DMRC opened at $35.50 on Tuesday. The company has a market cap of $760.45 million, a price-to-earnings ratio of -18.21 and a beta of 1.70. Digimarc Co. has a fifty-two week low of $21.00 and a fifty-two week high of $43.43. The firm’s 50-day simple moving average is $32.21 and its 200-day simple moving average is $30.18.

Analyst Ratings Changes

Several analysts have commented on DMRC shares. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Digimarc in a research note on Friday, November 15th. StockNews.com upgraded Digimarc to a “sell” rating in a research note on Tuesday, September 17th.

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.