Wells Fargo & Company MN Boosts Stake in Digimarc Co. (NASDAQ:DMRC)

Wells Fargo & Company MN grew its stake in Digimarc Co. (NASDAQ:DMRC) by 39.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,444 shares of the information technology services provider’s stock after acquiring an additional 2,393 shares during the quarter. Wells Fargo & Company MN’s holdings in Digimarc were worth $316,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DMRC. JPMorgan Chase & Co. boosted its position in Digimarc by 528.2% during the fourth quarter. JPMorgan Chase & Co. now owns 57,717 shares of the information technology services provider’s stock valued at $2,162,000 after purchasing an additional 48,530 shares in the last quarter. Barclays PLC boosted its holdings in shares of Digimarc by 240.9% in the 3rd quarter. Barclays PLC now owns 25,172 shares of the information technology services provider’s stock valued at $677,000 after buying an additional 17,788 shares in the last quarter. Moody National Bank Trust Division purchased a new position in shares of Digimarc in the 4th quarter worth approximately $574,000. Raymond James Financial Inc. bought a new position in shares of Digimarc during the 4th quarter worth approximately $470,000. Finally, Private Advisor Group LLC lifted its position in Digimarc by 3.0% during the fourth quarter. Private Advisor Group LLC now owns 370,394 shares of the information technology services provider’s stock valued at $13,871,000 after acquiring an additional 10,680 shares during the last quarter. 66.85% of the stock is owned by institutional investors.

Digimarc Stock Performance

Shares of DMRC stock opened at $13.74 on Tuesday. Digimarc Co. has a fifty-two week low of $10.44 and a fifty-two week high of $48.32. The firm has a market capitalization of $296.07 million, a price-to-earnings ratio of -7.05 and a beta of 1.53. The stock’s 50-day simple moving average is $13.36 and its 200-day simple moving average is $27.74.

Analyst Ratings Changes

Separately, Needham & Company LLC lowered their price objective on Digimarc from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, February 27th.

Digimarc 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.