Putnam Investments LLC decreased its position in Avid Technologies, Inc. (NASDAQ:AVID – Get Rating) by 11.% throughout the third quarter, according to its most current 13F filing with the SEC. The firm owned 62,182 shares of the technologies company’s stock immediately after promoting 7,679 shares throughout the period. Putnam Investments LLC owned .14% of Avid Technologies worth $1,447,000 as of its most current SEC filing.
A quantity of other hedge funds and other institutional investors have also added to or decreased their stakes in the organization. BlackRock Inc. elevated its position in shares of Avid Technologies by 122.four% throughout the third quarter. BlackRock Inc. now owns five,410,382 shares of the technologies company’s stock valued at $125,845,000 immediately after getting an extra two,977,539 shares throughout the period. FMR LLC lifted its stake in Avid Technologies by 37.two% in the second quarter. FMR LLC now owns four,910,542 shares of the technologies company’s stock worth $127,429,000 immediately after acquiring an extra 1,330,348 shares throughout the period. Loomis Sayles & Co. L P bought a new position in Avid Technologies throughout the 1st quarter valued at $20,908,000. JPMorgan Chase & Co. lifted its position in Avid Technologies by 190.six% throughout the second quarter. JPMorgan Chase & Co. now owns 366,459 shares of the technologies company’s stock valued at $9,510,000 immediately after getting an extra 240,371 shares throughout the period. Lastly, Healthcare of Ontario Pension Program Trust Fund bought a new position in Avid Technologies throughout the third quarter valued at $five,099,000. 90.28% of the stock is presently owned by institutional investors.
Analyst Upgrades and Downgrades
Quite a few analysis firms not too long ago commented on AVID. Truist Economic started coverage on Avid Technologies in a report on Monday, March 6th. They issued a “get” rating and a $45.00 price tag objective for the organization. StockNews.com upgraded Avid Technologies from a “hold” rating to a “get” rating in a analysis note on Thursday, December 8th. Maxim Group restated a “get” rating and set a $38.00 price tag target on shares of Avid Technologies in a analysis note on Friday, March 3rd. Lastly, Rosenblatt Securities restated a “neutral” rating and set a $28.00 price tag target on shares of Avid Technologies in a analysis note on Friday, March 3rd. One particular analyst has rated the stock with a hold rating and 5 have issued a get rating to the stock. According to information from MarketBeat, Avid Technologies presently has an typical rating of “Moderate Acquire” and an typical price tag target of $37.83.
Avid Technologies Stock Down .five %
AVID stock opened at $28.54 on Tuesday. Avid Technologies, Inc. has a twelve month low of $20.83 and a twelve month higher of $37.31. The stock has a marketplace cap of $1.25 billion, a P/E ratio of 23.20 and a beta of 1.23. The business’s 50-day moving typical price tag is $29.51 and its 200-day moving typical price tag is $27.09.
Avid Technologies Corporation Profile
(Get Rating)
Avid Technologies, Inc engages in the provision of technologies solutions for media and entertainment business. It develops, markets, sells, and supports application and integrated options for video and audio content material creation, management and distribution. The organization was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.
Study Much more
Want to see what other hedge funds are holding AVID? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Avid Technologies, Inc. (NASDAQ:AVID – Get Rating).
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