Silverberg Bernstein Capital Management LLC Cuts Holdings in Digimarc Co. (NASDAQ:DMRC)

Silverberg Bernstein Capital Management LLC cut its holdings in shares of Digimarc Co. (NASDAQ:DMRC) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 457,678 shares of the information technology services provider’s stock after selling 2,255 shares during the period. Digimarc makes up 15.1% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its biggest holding. Silverberg Bernstein Capital Management LLC’s holdings in Digimarc were worth $17,140,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DMRC. SG Americas Securities LLC bought a new stake in shares of Digimarc during the 3rd quarter worth $106,000. FMR LLC increased its holdings in Digimarc by 201.6% during the third quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock worth $134,000 after buying an additional 3,331 shares during the last quarter. BNP Paribas Financial Markets raised its position in Digimarc by 28.4% in the third quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider’s stock worth $210,000 after acquiring an additional 1,724 shares during the period. Verition Fund Management LLC bought a new stake in Digimarc in the third quarter worth about $216,000. Finally, JPMorgan Chase & Co. boosted its stake in Digimarc by 41.5% in the third quarter. JPMorgan Chase & Co. now owns 9,187 shares of the information technology services provider’s stock valued at $247,000 after acquiring an additional 2,695 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Analysts Set New Price Targets

DMRC has been the subject of a number of research reports. StockNews.com upgraded shares of Digimarc to a “sell” rating in a research report on Tuesday, September 17th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Digimarc in a research note on Friday, November 15th.

Digimarc Price Performance

DMRC stock opened at $43.81 on Wednesday. The firm has a 50 day simple moving average of $36.00 and a two-hundred day simple moving average of $31.89. The stock has a market cap of $938.45 million, a PE ratio of -22.47 and a beta of 1.67. Digimarc Co. has a one year low of $21.00 and a one year high of $48.32.

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.