Gradient Investments LLC increased its position in shares of Datawatch Co. (NASDAQ:DWCH) by 25.1% in the 3rd quarter, Holdings Channel reports. The firm owned 107,090 shares of the technology company’s stock after acquiring an additional 21,490 shares during the quarter. Gradient Investments LLC’s holdings in Datawatch were worth $1,248,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Datawatch during the second quarter worth about $163,000. Northern Trust Corp increased its position in Datawatch by 24.4% during the first quarter. Northern Trust Corp now owns 32,561 shares of the technology company’s stock worth $282,000 after purchasing an additional 6,391 shares during the last quarter. Bank of New York Mellon Corp increased its position in Datawatch by 26.3% during the second quarter. Bank of New York Mellon Corp now owns 69,974 shares of the technology company’s stock worth $665,000 after purchasing an additional 14,573 shares during the last quarter. Wasatch Advisors Inc. acquired a new stake in Datawatch during the second quarter worth about $2,289,000. Finally, BlackRock Inc. increased its position in Datawatch by 1.3% during the second quarter. BlackRock Inc. now owns 314,509 shares of the technology company’s stock worth $2,988,000 after purchasing an additional 3,955 shares during the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.
Shares of DWCH stock opened at $9.80 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.25. The stock has a market cap of $148.34 million, a price-to-earnings ratio of -89.09 and a beta of 1.45. Datawatch Co. has a 1-year low of $7.70 and a 1-year high of $14.20.
Datawatch (NASDAQ:DWCH) last announced its earnings results on Wednesday, July 18th. The technology company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.12. The company had revenue of $11.10 million during the quarter, compared to analyst estimates of $11.81 million. Datawatch had a negative net margin of 21.61% and a negative return on equity of 0.34%. Datawatch’s revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 earnings per share. Equities research analysts anticipate that Datawatch Co. will post -0.13 earnings per share for the current fiscal year.
DWCH has been the subject of several recent analyst reports. National Securities restated a “buy” rating and set a $17.00 price objective on shares of Datawatch in a research report on Thursday, July 19th. ValuEngine upgraded shares of Datawatch from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. EuroPacific Canada started coverage on shares of Datawatch in a research report on Wednesday, July 25th. They set a “buy” rating and a $22.00 price objective for the company. Finally, TheStreet lowered shares of Datawatch from a “c” rating to a “d+” rating in a research note on Friday, July 20th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $16.75.
Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. Its software solutions allow organizations to access, analyze, and visualize their information.
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