Northern Trust Corp lifted its holdings in Immersion Co. (NASDAQ:IMMR) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 394,823 shares of the software maker’s stock after buying an additional 25,470 shares during the quarter. Northern Trust Corp owned approximately 1.28% of Immersion worth $6,096,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Premia Global Advisors LLC purchased a new stake in shares of Immersion in the 2nd quarter worth about $105,000. Tower Research Capital LLC TRC purchased a new stake in Immersion during the 2nd quarter valued at about $162,000. First Quadrant L P CA purchased a new stake in Immersion during the 2nd quarter valued at about $181,000. Engineers Gate Manager LP purchased a new stake in Immersion during the 2nd quarter valued at about $200,000. Finally, Raymond James & Associates purchased a new stake in Immersion during the 2nd quarter valued at about $286,000. 78.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of IMMR stock opened at $9.56 on Monday. Immersion Co. has a one year low of $5.85 and a one year high of $17.70. The stock has a market cap of $294.48 million, a P/E ratio of -8.03, a PEG ratio of 0.37 and a beta of 0.92.

Immersion (NASDAQ:IMMR) last announced its quarterly earnings data on Thursday, November 1st. The software maker reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Immersion had a net margin of 42.23% and a return on equity of 62.41%. The company had revenue of $8.55 million for the quarter, compared to the consensus estimate of $9.47 million. During the same period in the prior year, the firm posted ($0.13) EPS. Immersion’s revenue for the quarter was down 27.9% on a year-over-year basis. As a group, equities analysts predict that Immersion Co. will post 1.7 earnings per share for the current fiscal year.

Several brokerages recently commented on IMMR. ValuEngine downgraded shares of Immersion from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. BidaskClub downgraded shares of Immersion from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded shares of Immersion from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Finally, Craig Hallum raised shares of Immersion from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $15.00 in a research report on Wednesday, September 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.06.

In related news, insider Kenneth H. Traub bought 10,000 shares of the stock in a transaction on Monday, November 12th. The shares were acquired at an average price of $8.99 per share, for a total transaction of $89,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas A. Lacey bought 6,000 shares of the stock in a transaction on Thursday, November 8th. The shares were bought at an average price of $9.50 per share, for a total transaction of $57,000.00. Following the purchase, the chief executive officer now directly owns 37,000 shares in the company, valued at approximately $351,500. The disclosure for this purchase can be found here. 18.59% of the stock is currently owned by corporate insiders.

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About Immersion

Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. Its technologies allow people to use their sense of touch when they engage with various digital products. The company offers TouchSense Lite and TouchSense Premium toolkits that enable original equipment manufacturers and their suppliers to add customized haptic technologies to their own branded devices and other products.

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Institutional Ownership by Quarter for Immersion (NASDAQ:IMMR)

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