Swiss National Bank grew its stake in LivePerson, Inc. (NASDAQ:LPSN) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,400 shares of the technology company’s stock after purchasing an additional 9,500 shares during the quarter. Swiss National Bank’s holdings in LivePerson were worth $2,076,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LPSN. BlackRock Inc. increased its position in LivePerson by 2.3% during the first quarter. BlackRock Inc. now owns 7,149,331 shares of the technology company’s stock worth $116,891,000 after acquiring an additional 159,993 shares during the period. Northern Trust Corp increased its position in LivePerson by 0.7% during the first quarter. Northern Trust Corp now owns 709,726 shares of the technology company’s stock worth $11,604,000 after acquiring an additional 4,905 shares during the period. Cortina Asset Management LLC increased its position in LivePerson by 2.9% during the first quarter. Cortina Asset Management LLC now owns 709,465 shares of the technology company’s stock worth $11,600,000 after acquiring an additional 20,100 shares during the period. Bank of New York Mellon Corp increased its position in LivePerson by 15.3% during the second quarter. Bank of New York Mellon Corp now owns 702,631 shares of the technology company’s stock worth $14,826,000 after acquiring an additional 93,049 shares during the period. Finally, Principal Financial Group Inc. increased its position in LivePerson by 2.4% during the first quarter. Principal Financial Group Inc. now owns 419,748 shares of the technology company’s stock worth $6,863,000 after acquiring an additional 9,955 shares during the period. 78.84% of the stock is currently owned by institutional investors.

LPSN has been the topic of a number of recent research reports. BidaskClub lowered shares of LivePerson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Zacks Investment Research raised shares of LivePerson from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Thursday, June 28th. B. Riley raised their price target on shares of LivePerson from $19.25 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $24.00 price target on shares of LivePerson in a research report on Wednesday, June 6th. Finally, Needham & Company LLC raised their price target on shares of LivePerson from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $25.29.

Shares of LivePerson stock opened at $26.65 on Friday. LivePerson, Inc. has a 12-month low of $10.80 and a 12-month high of $27.30.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $61.66 million for the quarter, compared to the consensus estimate of $59.46 million. LivePerson had a negative net margin of 7.06% and a negative return on equity of 3.34%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share. equities analysts forecast that LivePerson, Inc. will post -0.08 earnings per share for the current year.

In other LivePerson news, EVP Monica L. Greenberg sold 1,431 shares of the stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $23.80, for a total transaction of $34,057.80. Following the sale, the executive vice president now directly owns 41,315 shares in the company, valued at $983,297. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Daryl Carlough sold 10,000 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $24.01, for a total transaction of $240,100.00. Following the sale, the senior vice president now owns 23,154 shares in the company, valued at $555,927.54. The disclosure for this sale can be found here. Insiders have sold 22,609 shares of company stock worth $528,249 over the last quarter. Corporate insiders own 11.50% of the company’s stock.

LivePerson Profile

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

Read More: Dividend Stocks – Are They Right For You?

Want to see what other hedge funds are holding LPSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LivePerson, Inc. (NASDAQ:LPSN).

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.