California State Teachers Retirement System lessened its holdings in Acacia Research Corporation (NASDAQ:ACTG) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,721 shares of the business services provider’s stock after selling 10,600 shares during the period. California State Teachers Retirement System owned 0.17% of Acacia Research worth $360,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in Acacia Research by 11.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,910 shares of the business services provider’s stock worth $188,000 after acquiring an additional 4,553 shares during the period. State Street Corp raised its holdings in Acacia Research by 4.7% in the 2nd quarter. State Street Corp now owns 902,295 shares of the business services provider’s stock worth $3,701,000 after acquiring an additional 40,245 shares during the period. Sii Investments Inc. WI raised its holdings in Acacia Research by 113.9% in the 2nd quarter. Sii Investments Inc. WI now owns 36,740 shares of the business services provider’s stock worth $152,000 after acquiring an additional 19,560 shares during the period. Osmium Partners LLC bought a new position in Acacia Research in the 2nd quarter worth $764,000. Finally, Voya Investment Management LLC raised its holdings in Acacia Research by 22.0% in the 2nd quarter. Voya Investment Management LLC now owns 29,044 shares of the business services provider’s stock worth $119,000 after acquiring an additional 5,231 shares during the period. 67.12% of the stock is owned by institutional investors and hedge funds.

Acacia Research Corporation (NASDAQ ACTG) opened at $4.30 on Tuesday. Acacia Research Corporation has a twelve month low of $2.90 and a twelve month high of $7.68. The stock has a market cap of $210.01, a PE ratio of 1.41 and a beta of 1.19.

In other Acacia Research news, Director Frank E. Walsh III bought 25,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of $3.98 per share, for a total transaction of $99,500.00. Following the transaction, the director now owns 383,961 shares in the company, valued at $1,528,164.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director G Louis Graziadio III bought 22,600 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average price of $3.95 per share, for a total transaction of $89,270.00. Following the completion of the transaction, the director now owns 545,951 shares in the company, valued at approximately $2,156,506.45. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 57,100 shares of company stock worth $226,750. Insiders own 7.67% of the company’s stock.

Several research analysts recently commented on the stock. ValuEngine upgraded shares of Acacia Research from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Acacia Research from a “strong sell” rating to a “hold” rating in a report on Monday, October 2nd. TheStreet upgraded shares of Acacia Research from a “d” rating to a “c-” rating in a report on Thursday, October 26th. Finally, Barclays reiterated a “sell” rating and issued a $5.00 target price on shares of Acacia Research in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.50.

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Acacia Research Profile

Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions.

Institutional Ownership by Quarter for Acacia Research (NASDAQ:ACTG)

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