Synchronoss Technologies, Inc. (NASDAQ:SNCR) Shares Bought by Barclays PLC

Barclays PLC increased its stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 603.6% during the third quarter, HoldingsChannel.com reports. The fund owned 5,734 shares of the software maker’s stock after buying an additional 4,919 shares during the period. Barclays PLC’s holdings in Synchronoss Technologies were worth $85,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of Synchronoss Technologies in the 3rd quarter valued at $165,000. XTX Topco Ltd purchased a new stake in Synchronoss Technologies during the third quarter valued at about $237,000. State Street Corp boosted its holdings in shares of Synchronoss Technologies by 12.9% in the third quarter. State Street Corp now owns 35,075 shares of the software maker’s stock worth $522,000 after buying an additional 4,000 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Synchronoss Technologies by 40.6% in the second quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock worth $654,000 after acquiring an additional 20,368 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Synchronoss Technologies by 9.3% during the second quarter. Renaissance Technologies LLC now owns 78,974 shares of the software maker’s stock valued at $734,000 after acquiring an additional 6,700 shares during the period. 51.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SNCR shares. Roth Mkm raised shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $11.00 to $13.00 in a research note on Monday, November 25th. Roth Capital raised Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th.

Synchronoss Technologies Trading Down 1.3 %

NASDAQ:SNCR opened at $8.78 on Thursday. The stock’s 50-day moving average is $9.75 and its two-hundred day moving average is $10.96. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $95.17 million, a PE ratio of -2.26 and a beta of 1.97. Synchronoss Technologies, Inc. has a fifty-two week low of $5.18 and a fifty-two week high of $15.46.

Synchronoss Technologies 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.