D. E. Shaw & Co. Inc. decreased its position in shares of Identiv, Inc. (NASDAQ:INVE - Free Report) by 50.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,307 shares of the technology company's stock after selling 84,163 shares during the period. D. E. Shaw & Co. Inc. owned about 0.34% of Identiv worth $301,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Identiv by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company's stock worth $1,033,000 after acquiring an additional 5,844 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Identiv in the fourth quarter valued at approximately $37,000. Royce & Associates LP boosted its position in Identiv by 8.6% in the fourth quarter. Royce & Associates LP now owns 1,491,570 shares of the technology company's stock valued at $5,459,000 after buying an additional 117,827 shares in the last quarter. Boothbay Fund Management LLC boosted its position in Identiv by 183.1% in the fourth quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company's stock valued at $918,000 after buying an additional 162,248 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Identiv in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 65.16% of the company's stock.
Insider Activity at Identiv
In other news, CEO Kirsten F. Newquist purchased 19,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $3.32 per share, for a total transaction of $63,080.00. Following the completion of the acquisition, the chief executive officer now owns 258,931 shares in the company, valued at $859,650.92. This trade represents a 7.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on INVE. Wall Street Zen lowered shares of Identiv from a "hold" rating to a "sell" rating in a research report on Thursday, March 20th. Lake Street Capital cut their target price on shares of Identiv from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.
View Our Latest Research Report on Identiv
Identiv Stock Up 0.9%
INVE traded up $0.03 during midday trading on Thursday, hitting $3.31. The company had a trading volume of 37,738 shares, compared to its average volume of 65,534. Identiv, Inc. has a 52 week low of $2.86 and a 52 week high of $4.51. The company has a market capitalization of $78.17 million, a price-to-earnings ratio of 1.08 and a beta of 1.51. The stock's 50 day moving average price is $3.21 and its 200 day moving average price is $3.51.
Identiv (NASDAQ:INVE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.03. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. The business had revenue of $5.27 million for the quarter, compared to analysts' expectations of $4.95 million. Research analysts predict that Identiv, Inc. will post -1.11 EPS for the current year.
About Identiv
(
Free Report)
Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.
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