Charles Schwab Investment Management Inc. Buys 3,801 Shares of Digimarc Co. (NASDAQ:DMRC)

Charles Schwab Investment Management Inc. raised its stake in Digimarc Co. (NASDAQ:DMRC) by 3.3% during the third quarter, Holdings Channel reports. The fund owned 120,646 shares of the information technology services provider’s stock after buying an additional 3,801 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Digimarc were worth $3,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of DMRC. Kimelman & Baird LLC bought a new stake in shares of Digimarc in the 2nd quarter worth approximately $18,249,000. Silverberg Bernstein Capital Management LLC increased its position in Digimarc by 4.0% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider’s stock worth $12,363,000 after buying an additional 17,880 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Digimarc in the second quarter valued at $439,000. Squarepoint Ops LLC purchased a new position in shares of Digimarc during the 2nd quarter valued at $747,000. Finally, Private Advisor Group LLC lifted its position in shares of Digimarc by 4.4% during the 2nd quarter. Private Advisor Group LLC now owns 351,908 shares of the information technology services provider’s stock valued at $10,913,000 after buying an additional 14,884 shares during the last quarter. 66.85% of the stock is owned by institutional investors.

Digimarc Price Performance

NASDAQ:DMRC opened at $34.61 on Friday. The company has a market cap of $741.35 million, a P/E ratio of -17.75 and a beta of 1.70. Digimarc Co. has a 1 year low of $21.00 and a 1 year high of $43.43. The stock’s fifty day moving average price is $32.06 and its two-hundred day moving average price is $30.10.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com raised Digimarc to a “sell” rating in a report on Tuesday, September 17th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Digimarc in a research note on Friday, November 15th.

About Digimarc

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.