StockNews.com started coverage on shares of MiX Telematics (NYSE:MIXT – Free Report) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the technology company’s stock.
Separately, Raymond James lifted their price objective on shares of MiX Telematics from $8.00 to $12.00 and gave the company an outperform rating in a research report on Wednesday, March 13th.
Read Our Latest Research Report on MIXT
MiX Telematics Stock Performance
Institutional Trading of MiX Telematics
Hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in MiX Telematics in the 4th quarter worth about $1,757,000. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new position in shares of MiX Telematics in the 4th quarter valued at approximately $1,753,000. FNY Investment Advisers LLC acquired a new position in shares of MiX Telematics in the 4th quarter valued at approximately $43,000. Kopion Asset Management LLC raised its position in shares of MiX Telematics by 5.6% in the 4th quarter. Kopion Asset Management LLC now owns 1,025,321 shares of the technology company’s stock valued at $8,828,000 after buying an additional 53,963 shares in the last quarter. Finally, Cannell Capital LLC acquired a new position in shares of MiX Telematics in the 4th quarter valued at approximately $7,718,000. Institutional investors own 45.72% of the company’s stock.
About MiX Telematics
MiX Telematics Limited, together with its subsidiaries, provides fleet and mobile asset management solutions through software-as-a-service (SaaS) delivery model. It offers MiX Fleet Manager, a commercial fleet management solution comprising MyMiX, an innovative driver engagement platform; MiX Vision, an on-road and in-vehicle video recording solution; MiX Rovi, an in-vehicle display and communications system; MiX RIBAS and DriveMate, an in-cab driving aid solution; MiX Hours of Service, which allows real-time monitoring and compliance; MiX Journey Management, an easy-to-use electronic alternative to paper-based systems; and MiX OEM Connect allows customer instant, direct integration to relevant, and powerful telematics data.
Read More
- Five stocks we like better than MiX Telematics
- Upcoming IPO Stock Lockup Period, Explained
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- What is the Hang Seng index?
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- Best Aerospace Stocks Investing
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for MiX Telematics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MiX Telematics and related companies with MarketBeat.com's FREE daily email newsletter.