Ariel Investments LLC boosted its position in RealNetworks Inc (NASDAQ:RNWK) by 3.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,236,402 shares of the technology company’s stock after acquiring an additional 259,266 shares during the period. Ariel Investments LLC owned 19.40% of RealNetworks worth $24,748,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in RealNetworks by 21.6% in the 2nd quarter. Teachers Advisors LLC now owns 39,183 shares of the technology company’s stock valued at $170,000 after acquiring an additional 6,956 shares during the period. Schwab Charles Investment Management Inc. raised its stake in RealNetworks by 80.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 95,855 shares of the technology company’s stock valued at $328,000 after acquiring an additional 42,680 shares during the period. AXA raised its stake in RealNetworks by 13.2% in the 4th quarter. AXA now owns 187,300 shares of the technology company’s stock valued at $641,000 after acquiring an additional 21,900 shares during the period. Northern Trust Corp raised its stake in RealNetworks by 18.0% in the 2nd quarter. Northern Trust Corp now owns 291,171 shares of the technology company’s stock valued at $1,260,000 after acquiring an additional 44,387 shares during the period. Finally, State Street Corp raised its stake in RealNetworks by 6.2% in the 2nd quarter. State Street Corp now owns 470,564 shares of the technology company’s stock valued at $2,038,000 after acquiring an additional 27,268 shares during the period. Institutional investors and hedge funds own 52.64% of the company’s stock.
In related news, CFO Cary Baker purchased 35,816 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were purchased at an average cost of $2.93 per share, for a total transaction of $104,940.88. Following the completion of the transaction, the chief financial officer now directly owns 18,266 shares in the company, valued at approximately $53,519.38. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 37.90% of the company’s stock.
Shares of RealNetworks Inc (RNWK) opened at $3.22 on Friday. RealNetworks Inc has a 52-week low of $2.63 and a 52-week high of $5.00.
RealNetworks (NASDAQ:RNWK) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.11) earnings per share for the quarter. RealNetworks had a negative net margin of 14.49% and a negative return on equity of 26.17%. The company had revenue of $18.87 million for the quarter.
Separately, ValuEngine upgraded RealNetworks from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st.
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RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.
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