Crossmark Global Holdings Inc. reduced its holdings in TiVo Corp (NASDAQ:TIVO) by 37.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,962 shares of the technology company’s stock after selling 14,458 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in TiVo were worth $374,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of TIVO. PNC Financial Services Group Inc. increased its position in TiVo by 17.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the technology company’s stock valued at $155,000 after acquiring an additional 1,239 shares during the period. Voya Investment Management LLC increased its position in TiVo by 10.0% in the 2nd quarter. Voya Investment Management LLC now owns 53,638 shares of the technology company’s stock valued at $1,000,000 after acquiring an additional 4,898 shares during the period. State Street Corp increased its position in TiVo by 5.1% in the 2nd quarter. State Street Corp now owns 3,138,996 shares of the technology company’s stock valued at $58,540,000 after acquiring an additional 151,139 shares during the period. Public Employees Retirement System of Ohio increased its position in TiVo by 8.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock valued at $209,000 after acquiring an additional 856 shares during the period. Finally, LS Investment Advisors LLC increased its position in TiVo by 22.6% in the 3rd quarter. LS Investment Advisors LLC now owns 14,848 shares of the technology company’s stock valued at $295,000 after acquiring an additional 2,735 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.
In other news, CEO Enrique Rodriguez purchased 55,974 shares of the stock in a transaction dated Friday, December 1st. The shares were bought at an average cost of $17.86 per share, for a total transaction of $999,695.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.57% of the stock is currently owned by company insiders.
Several equities analysts have recently issued reports on TIVO shares. Zacks Investment Research upgraded TiVo from a “sell” rating to a “hold” rating in a research report on Tuesday. B. Riley upgraded TiVo from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Friday, February 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 price target on shares of TiVo in a research report on Friday, November 3rd. Finally, BWS Financial started coverage on TiVo in a research report on Monday, January 22nd. They set a “buy” rating and a $25.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $23.20.
TiVo Corp (TIVO) opened at $13.75 on Friday. TiVo Corp has a 1 year low of $12.75 and a 1 year high of $20.17. The stock has a market capitalization of $1,680.00, a price-to-earnings ratio of -35.26, a PEG ratio of 1.06 and a beta of -0.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.33 and a current ratio of 2.38.
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TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.
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