Barclays PLC Acquires 17,788 Shares of Digimarc Co. (NASDAQ:DMRC)

Barclays PLC boosted its stake in shares of Digimarc Co. (NASDAQ:DMRC - Free Report) by 240.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,172 shares of the information technology services provider's stock after buying an additional 17,788 shares during the quarter. Barclays PLC owned approximately 0.12% of Digimarc worth $677,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in shares of Digimarc by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 239,946 shares of the information technology services provider's stock valued at $7,441,000 after acquiring an additional 7,356 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Digimarc during the second quarter valued at about $148,000. nVerses Capital LLC bought a new position in shares of Digimarc during the 2nd quarter worth about $62,000. Rhumbline Advisers grew its stake in shares of Digimarc by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 21,683 shares of the information technology services provider's stock valued at $672,000 after buying an additional 693 shares during the period. Finally, Private Advisor Group LLC increased its position in Digimarc by 4.4% in the 2nd quarter. Private Advisor Group LLC now owns 351,908 shares of the information technology services provider's stock valued at $10,913,000 after buying an additional 14,884 shares in the last quarter. Institutional investors own 66.85% of the company's stock.

Digimarc Trading Up 7.3 %

Shares of DMRC stock traded up $2.75 on Thursday, hitting $40.20. 203,034 shares of the stock were exchanged, compared to its average volume of 124,201. Digimarc Co. has a one year low of $21.00 and a one year high of $43.43. The firm's 50 day moving average is $34.08 and its two-hundred day moving average is $30.96. The firm has a market capitalization of $861.12 million, a PE ratio of -20.62 and a beta of 1.70.

Analyst Ratings Changes

DMRC has been the subject of several research reports. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of Digimarc in a research report on Friday, November 15th. StockNews.com upgraded shares of Digimarc to a "sell" rating in a report on Tuesday, September 17th.

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.