XTX Topco Ltd Takes Position in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

XTX Topco Ltd bought a new position in Synchronoss Technologies, Inc. (NASDAQ:SNCR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,923 shares of the software maker’s stock, valued at approximately $237,000. XTX Topco Ltd owned 0.15% of Synchronoss Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of Synchronoss Technologies by 2.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 563,976 shares of the software maker’s stock valued at $8,395,000 after acquiring an additional 13,984 shares during the period. Renaissance Technologies LLC increased its holdings in Synchronoss Technologies by 9.3% during the 2nd quarter. Renaissance Technologies LLC now owns 78,974 shares of the software maker’s stock valued at $734,000 after purchasing an additional 6,700 shares during the period. Dimensional Fund Advisors LP raised its position in Synchronoss Technologies by 40.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock valued at $654,000 after purchasing an additional 20,368 shares during the last quarter. State Street Corp raised its position in Synchronoss Technologies by 12.9% during the 3rd quarter. State Street Corp now owns 35,075 shares of the software maker’s stock valued at $522,000 after purchasing an additional 4,000 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Synchronoss Technologies in the 3rd quarter worth approximately $165,000. 51.71% of the stock is currently owned by institutional investors.

Synchronoss Technologies Stock Performance

Synchronoss Technologies stock opened at $8.88 on Thursday. Synchronoss Technologies, Inc. has a fifty-two week low of $5.18 and a fifty-two week high of $15.46. The stock’s 50 day simple moving average is $10.46 and its two-hundred day simple moving average is $10.89. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market cap of $96.25 million, a price-to-earnings ratio of -2.29 and a beta of 1.99.

Wall Street Analyst Weigh In

SNCR has been the subject of a number of recent analyst reports. Roth Capital upgraded Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 25th. Roth Mkm upgraded shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $11.00 to $13.00 in a report on Monday, November 25th.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.