Messner & Smith Theme Value Investment Management Ltd. CA lessened its stake in Avid Technology, Inc. (OTCMKTS:AVID) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 273,859 shares of the technology company’s stock after selling 2,838 shares during the quarter. Avid Technology accounts for about 2.5% of Messner & Smith Theme Value Investment Management Ltd. CA’s portfolio, making the stock its 13th largest holding. Messner & Smith Theme Value Investment Management Ltd. CA owned about 0.67% of Avid Technology worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AVID. Vanguard Group Inc. raised its holdings in Avid Technology by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 2,373,218 shares of the technology company’s stock worth $11,059,000 after purchasing an additional 35,225 shares during the period. SG Americas Securities LLC acquired a new position in Avid Technology in the 1st quarter worth about $138,000. Oxford Asset Management acquired a new position in Avid Technology in the 1st quarter worth about $367,000. Trexquant Investment LP acquired a new position in Avid Technology in the 1st quarter worth about $371,000. Finally, AQR Capital Management LLC raised its holdings in Avid Technology by 30.3% in the 1st quarter. AQR Capital Management LLC now owns 415,179 shares of the technology company’s stock worth $1,934,000 after purchasing an additional 96,664 shares during the period.

Avid Technology, Inc. (OTCMKTS:AVID) traded up 1.59% during trading on Friday, reaching $4.48. The company had a trading volume of 148,313 shares. Avid Technology, Inc. has a 1-year low of $3.99 and a 1-year high of $8.18. The stock has a market capitalization of $184.26 million and a price-to-earnings ratio of 114.87. The firm has a 50-day moving average of $4.49 and a 200-day moving average of $4.96.

A number of research firms recently weighed in on AVID. Zacks Investment Research cut Avid Technology from a “hold” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine cut Avid Technology from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

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Avid Technology 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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