Nuveen Asset Management LLC Reduces Stake in Digimarc Co. (NASDAQ:DMRC)

Nuveen Asset Management LLC trimmed its stake in Digimarc Co. (NASDAQ:DMRC) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,004 shares of the information technology services provider’s stock after selling 3,648 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.23% of Digimarc worth $1,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in Digimarc in the fourth quarter valued at about $105,000. Tower Research Capital LLC TRC boosted its stake in Digimarc by 469.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,951 shares of the information technology services provider’s stock valued at $111,000 after acquiring an additional 2,433 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Digimarc in the fourth quarter valued at about $215,000. Independent Solutions Wealth Management LLC purchased a new position in Digimarc in the fourth quarter valued at about $232,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Digimarc in the fourth quarter valued at approximately $244,000. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Digimarc Stock Up 4.3%

NASDAQ DMRC opened at $13.73 on Wednesday. The company’s 50 day moving average is $12.62 and its 200-day moving average is $25.03. Digimarc Co. has a 12-month low of $10.44 and a 12-month high of $48.32. The firm has a market cap of $295.91 million, a P/E ratio of -7.04 and a beta of 1.44.

Analyst Ratings Changes

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

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.