Royce & Associates LP lowered its holdings in Avid Technology, Inc. (OTCMKTS:AVID) by 11.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334,998 shares of the technology company’s stock after selling 45,090 shares during the period. Royce & Associates LP owned about 0.82% of Avid Technology worth $1,762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AVID. Cove Street Capital LLC grew its stake in shares of Avid Technology by 30.4% in the 1st quarter. Cove Street Capital LLC now owns 5,591,662 shares of the technology company’s stock worth $26,058,000 after purchasing an additional 1,303,737 shares during the last quarter. Netols Asset Management Inc. grew its stake in shares of Avid Technology by 27.6% in the 1st quarter. Netols Asset Management Inc. now owns 1,265,873 shares of the technology company’s stock worth $5,899,000 after purchasing an additional 273,936 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Avid Technology by 17.9% in the 1st quarter. Russell Investments Group Ltd. now owns 1,358,646 shares of the technology company’s stock worth $6,332,000 after purchasing an additional 206,424 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new position in shares of Avid Technology in the 1st quarter worth approximately $908,000. Finally, Morgan Stanley grew its stake in shares of Avid Technology by 44.8% in the 1st quarter. Morgan Stanley now owns 517,187 shares of the technology company’s stock worth $2,410,000 after purchasing an additional 160,044 shares during the last quarter.

AVID has been the topic of several recent research reports. Zacks Investment Research cut shares of Avid Technology from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. ValuEngine cut shares of Avid Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th.

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Avid Technology, Inc. (OTCMKTS AVID) opened at 4.28 on Thursday. The stock has a 50 day moving average of $4.62 and a 200 day moving average of $5.00. Avid Technology, Inc. has a 52-week low of $3.99 and a 52-week high of $8.18. The stock has a market capitalization of $176.03 million and a P/E ratio of 109.74.

Avid Technology Company Profile

Avid Technology, Inc is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.

Institutional Ownership by Quarter for Avid Technology (OTCMKTS:AVID)

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