LPL Financial LLC Purchases Shares of 10,570 Brightcove Inc. (NASDAQ:BCOV)

LPL Financial LLC acquired a new position in shares of Brightcove Inc. (NASDAQ:BCOV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,570 shares of the software maker’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. AMH Equity Ltd boosted its position in Brightcove by 1.5% during the 4th quarter. AMH Equity Ltd now owns 507,513 shares of the software maker’s stock worth $2,208,000 after acquiring an additional 7,513 shares during the period. JPMorgan Chase & Co. lifted its holdings in Brightcove by 99.3% in the third quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock worth $66,000 after purchasing an additional 15,291 shares during the period. Globeflex Capital L P bought a new position in Brightcove in the 4th quarter valued at about $75,000. R Squared Ltd acquired a new position in Brightcove during the 4th quarter valued at about $90,000. Finally, Bailard Inc. bought a new stake in shares of Brightcove during the 4th quarter worth about $156,000. 80.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Brightcove in a report on Friday, April 25th. They issued a “buy” rating for the company.

Brightcove Stock Performance

Shares of NASDAQ:BCOV opened at $4.45 on Friday. The stock has a market capitalization of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. Brightcove Inc. has a 1-year low of $1.73 and a 1-year high of $4.46. The company has a 50 day moving average price of $4.45 and a 200 day moving average price of $4.04.

Brightcove Profile

Brightcove Inc provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company’s solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace.