Diebold Nixdorf, Incorporated (NYSE:DBD) Shares Sold by Arena Capital Advisors LLC CA

Arena Capital Advisors LLC CA decreased its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,512,913 shares of the technology company's stock after selling 58,324 shares during the period. Diebold Nixdorf accounts for approximately 73.8% of Arena Capital Advisors LLC CA's holdings, making the stock its biggest holding. Arena Capital Advisors LLC CA owned about 4.03% of Diebold Nixdorf worth $67,567,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Amalgamated Bank bought a new position in Diebold Nixdorf in the second quarter valued at approximately $34,000. nVerses Capital LLC acquired a new stake in shares of Diebold Nixdorf during the second quarter worth $35,000. SG Americas Securities LLC bought a new stake in Diebold Nixdorf in the first quarter valued at about $105,000. Summit Securities Group LLC acquired a new position in Diebold Nixdorf in the second quarter valued at about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Diebold Nixdorf by 215.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company's stock worth $145,000 after buying an additional 2,576 shares during the period. 97.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Diebold Nixdorf news, EVP Frank Tobias Baur acquired 1,150 shares of Diebold Nixdorf stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of $40.58 per share, for a total transaction of $46,667.00. Following the purchase, the executive vice president now directly owns 24,262 shares in the company, valued at approximately $984,551.96. This represents a 4.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.04% of the company's stock.

Diebold Nixdorf Stock Up 3.3 %

Shares of Diebold Nixdorf stock traded up $1.46 on Friday, hitting $45.69. The company had a trading volume of 207,789 shares, compared to its average volume of 245,063. The stock has a 50-day moving average of $44.25 and a 200-day moving average of $42.27. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.45 and a quick ratio of 0.96. Diebold Nixdorf, Incorporated has a twelve month low of $24.29 and a twelve month high of $51.81. The firm has a market capitalization of $1.72 billion, a P/E ratio of 351.49 and a beta of 2.15.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DBD shares. DA Davidson lifted their price objective on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. StockNews.com downgraded Diebold Nixdorf from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Finally, Wedbush reissued an "outperform" rating and issued a $50.00 target price on shares of Diebold Nixdorf in a research note on Monday, November 4th.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.