Jane Street Group LLC lifted its holdings in Digimarc Corp (NASDAQ:DMRC) by 277.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,129 shares of the information technology services provider’s stock after buying an additional 117,656 shares during the quarter. Jane Street Group LLC owned 1.35% of Digimarc worth $5,036,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Baillie Gifford & Co. lifted its holdings in shares of Digimarc by 7.0% in the third quarter. Baillie Gifford & Co. now owns 455,523 shares of the information technology services provider’s stock valued at $14,326,000 after purchasing an additional 29,787 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Digimarc in the third quarter valued at $245,000. BlackRock Inc. lifted its holdings in shares of Digimarc by 0.9% in the third quarter. BlackRock Inc. now owns 721,938 shares of the information technology services provider’s stock valued at $22,705,000 after purchasing an additional 6,457 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Digimarc by 18.0% in the third quarter. Janus Henderson Group PLC now owns 1,083,953 shares of the information technology services provider’s stock valued at $34,090,000 after purchasing an additional 165,356 shares in the last quarter. Finally, Cutler Group LP lifted its holdings in shares of Digimarc by 2,006.7% in the third quarter. Cutler Group LP now owns 6,320 shares of the information technology services provider’s stock valued at $198,000 after purchasing an additional 6,020 shares in the last quarter. Hedge funds and other institutional investors own 58.47% of the company’s stock. Get Digimarc alerts:

Shares of NASDAQ:DMRC opened at $18.11 on Friday. Digimarc Corp has a 1 year low of $18.00 and a 1 year high of $39.95.

Digimarc (NASDAQ:DMRC) last announced its quarterly earnings data on Wednesday, October 31st. The information technology services provider reported ($0.73) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.75) by $0.02. Digimarc had a negative return on equity of 45.20% and a negative net margin of 157.82%. The business had revenue of $4.91 million during the quarter, compared to analyst estimates of $5.20 million. Analysts anticipate that Digimarc Corp will post -2.93 earnings per share for the current fiscal year.

In related news, CEO Bruce L. Davis sold 8,930 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $30.27, for a total transaction of $270,311.10. Following the completion of the sale, the chief executive officer now directly owns 60,887 shares in the company, valued at $1,843,049.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink . 6.10% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on DMRC shares. National Securities set a $43.00 target price on Digimarc and gave the company a “buy” rating in a report on Thursday, November 1st. ValuEngine lowered Digimarc from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, BidaskClub lowered Digimarc from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.33.

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Digimarc Profile

Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

Further Reading: Return on Investment (ROI) Defined, Explained

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