Janus Henderson Group PLC grew its stake in shares of Digimarc Corp (NASDAQ:DMRC) by 56.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 918,597 shares of the information technology services provider’s stock after acquiring an additional 331,052 shares during the period. Janus Henderson Group PLC owned about 7.73% of Digimarc worth $24,618,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System acquired a new position in Digimarc during the 2nd quarter worth $203,000. Berson & Corrado Investment Advisors LLC grew its holdings in Digimarc by 22.6% during the 2nd quarter. Berson & Corrado Investment Advisors LLC now owns 12,375 shares of the information technology services provider’s stock worth $331,000 after acquiring an additional 2,279 shares in the last quarter. Citadel Advisors LLC grew its holdings in Digimarc by 518.3% during the 1st quarter. Citadel Advisors LLC now owns 14,506 shares of the information technology services provider’s stock worth $347,000 after acquiring an additional 12,160 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Digimarc by 13.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,442 shares of the information technology services provider’s stock worth $629,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Marathon Capital Management grew its holdings in Digimarc by 2.3% during the 2nd quarter. Marathon Capital Management now owns 76,275 shares of the information technology services provider’s stock worth $2,044,000 after acquiring an additional 1,750 shares in the last quarter. 55.56% of the stock is owned by institutional investors.

NASDAQ DMRC opened at $29.10 on Thursday. Digimarc Corp has a one year low of $22.85 and a one year high of $39.95.

Digimarc (NASDAQ:DMRC) last posted its quarterly earnings results on Wednesday, August 1st. The information technology services provider reported ($0.71) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.81) by $0.10. Digimarc had a negative net margin of 116.98% and a negative return on equity of 37.68%. The business had revenue of $5.44 million during the quarter, compared to analyst estimates of $5.28 million. equities research analysts expect that Digimarc Corp will post -2.76 EPS for the current fiscal year.

Several research analysts have recently commented on DMRC shares. BidaskClub raised shares of Digimarc from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. ValuEngine lowered shares of Digimarc from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Finally, Zacks Investment Research raised shares of Digimarc from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Monday, August 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Digimarc currently has a consensus rating of “Buy” and an average target price of $40.60.

In other news, CEO Bruce L. Davis sold 9,938 shares of Digimarc stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $32.51, for a total value of $323,084.38. Following the completion of the transaction, the chief executive officer now directly owns 72,240 shares of the company’s stock, valued at approximately $2,348,522.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Bruce L. Davis sold 5,000 shares of the business’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $27.00, for a total transaction of $135,000.00. Following the transaction, the chief executive officer now directly owns 77,240 shares of the company’s stock, valued at $2,085,480. The disclosure for this sale can be found here. Insiders sold a total of 15,393 shares of company stock valued at $471,225 over the last ninety days. Company insiders own 7.50% of the company’s stock.

Digimarc Company Profile

Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

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Institutional Ownership by Quarter for Digimarc (NASDAQ:DMRC)

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