Stoneridge Investment Partners LLC purchased a new stake in shares of AVG Technologies NV (NYSE:AVG) during the second quarter, Holdings Channel reports. The firm purchased 70,418 shares of the company’s stock, valued at approximately $1,337,000.

Several other large investors have also recently made changes to their positions in AVG. 1st Global Advisors Inc. raised its stake in shares of AVG Technologies NV by 4.7% in the second quarter. 1st Global Advisors Inc. now owns 12,191 shares of the company’s stock valued at $232,000 after buying an additional 547 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of AVG Technologies NV by 8.9% in the first quarter. OLD National Bancorp IN now owns 12,204 shares of the company’s stock valued at $253,000 after buying an additional 1,000 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of AVG Technologies NV by 34.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,810 shares of the company’s stock valued at $205,000 after buying an additional 2,751 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in shares of AVG Technologies NV by 0.4% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 695,972 shares of the company’s stock valued at $13,217,000 after buying an additional 3,027 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of AVG Technologies NV by 24.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 22,032 shares of the company’s stock valued at $457,000 after buying an additional 4,300 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Shares of AVG Technologies NV (NYSE:AVG) remained flat at $24.98 during mid-day trading on Thursday. The company had a trading volume of 1,115,553 shares. The firm has a market cap of $1.26 billion, a PE ratio of 28.65 and a beta of 1.09. AVG Technologies NV has a one year low of $16.12 and a one year high of $24.98. The stock has a 50 day moving average price of $24.85 and a 200-day moving average price of $21.61.

AVG Technologies NV (NYSE:AVG) last issued its earnings results on Monday, August 8th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.01. AVG Technologies NV had a net margin of 10.63% and a return on equity of 73.18%. On average, analysts expect that AVG Technologies NV will post $1.96 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Dougherty & Co lowered shares of AVG Technologies NV from a “buy” rating to a “sell” rating in a research note on Thursday, July 7th. TheStreet upgraded shares of AVG Technologies NV from a “hold” rating to a “buy” rating in a report on Monday, August 8th. Imperial Capital increased their price objective on shares of AVG Technologies NV from $21.00 to $25.00 and gave the company an “in-line” rating in a report on Wednesday, August 10th. Nomura cut shares of AVG Technologies NV from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $30.00 to $25.00 in a report on Friday, July 8th. Finally, JMP Securities cut shares of AVG Technologies NV from an “outperform” rating to a “market perform” rating and set a $25.00 price objective for the company. in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.30.

About AVG Technologies NV

AVG Technologies N.V. (AVG) provides software and online services that deliver peace of mind to users by simplifying, optimizing and securing their Internet experiences. The Company is primarily engaged in the development and sale of online service solutions and Internet security software branded under the AVG name.

5 Day Chart for NYSE:AVG

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