Baillie Gifford & Co. Has $18.45 Million Stock Position in Digimarc Co. (NASDAQ:DMRC)

Baillie Gifford & Co. reduced its position in shares of Digimarc Co. (NASDAQ:DMRC - Free Report) by 15.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 492,530 shares of the information technology services provider's stock after selling 87,903 shares during the period. Baillie Gifford & Co. owned 2.30% of Digimarc worth $18,445,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DMRC. Curi RMB Capital LLC boosted its holdings in Digimarc by 0.7% in the 3rd quarter. Curi RMB Capital LLC now owns 117,821 shares of the information technology services provider's stock valued at $3,167,000 after purchasing an additional 843 shares during the period. BNP Paribas Financial Markets boosted its holdings in Digimarc by 28.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider's stock valued at $210,000 after purchasing an additional 1,724 shares during the period. SG Americas Securities LLC boosted its holdings in Digimarc by 65.6% in the 4th quarter. SG Americas Securities LLC now owns 6,538 shares of the information technology services provider's stock valued at $245,000 after purchasing an additional 2,590 shares during the period. JPMorgan Chase & Co. boosted its holdings in Digimarc by 41.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,187 shares of the information technology services provider's stock valued at $247,000 after purchasing an additional 2,695 shares during the period. Finally, FMR LLC boosted its holdings in Digimarc by 201.6% in the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider's stock valued at $134,000 after purchasing an additional 3,331 shares during the period. 66.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of Digimarc in a report on Friday, November 15th.

Digimarc Stock Performance

Shares of NASDAQ:DMRC traded down $1.46 during midday trading on Friday, reaching $27.46. 205,050 shares of the company's stock were exchanged, compared to its average volume of 173,766. The company's 50 day simple moving average is $38.11 and its two-hundred day simple moving average is $32.83. The firm has a market capitalization of $588.19 million, a PE ratio of -14.08 and a beta of 1.66. Digimarc Co. has a 12 month low of $21.00 and a 12 month high of $48.32.

About Digimarc

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.