JPMorgan Chase & Co. Acquires 48,530 Shares of Digimarc Co. (NASDAQ:DMRC)

JPMorgan Chase & Co. grew its position in shares of Digimarc Co. (NASDAQ:DMRC - Free Report) by 528.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 57,717 shares of the information technology services provider's stock after acquiring an additional 48,530 shares during the period. JPMorgan Chase & Co. owned about 0.27% of Digimarc worth $2,162,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DMRC. KLP Kapitalforvaltning AS purchased a new stake in Digimarc in the 4th quarter worth $105,000. Independent Solutions Wealth Management LLC purchased a new position in shares of Digimarc in the 4th quarter worth approximately $232,000. SG Americas Securities LLC increased its stake in Digimarc by 65.6% during 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 in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Digimarc in the fourth quarter worth $254,000. Finally, Intech Investment Management LLC acquired a new position in shares of Digimarc in the fourth quarter worth about $272,000. Hedge funds and other institutional investors own 66.85% of the company's stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC decreased their price target on Digimarc from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th.

Digimarc Trading Down 1.0 %

NASDAQ DMRC traded down $0.13 on Monday, hitting $12.85. 44,021 shares of the stock traded hands, compared to its average volume of 162,834. Digimarc Co. has a twelve month low of $10.44 and a twelve month high of $48.32. The stock has a 50-day moving average of $15.09 and a 200 day moving average of $28.42. The company has a market capitalization of $276.91 million, a P/E ratio of -6.57 and a beta of 1.53.

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.