ValuEngine Upgrades Finjan (FNJN) to “Hold”

Finjan (NASDAQ:FNJN) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday.

Separately, TheStreet cut Finjan from a “b” rating to a “c” rating in a research report on Monday, December 3rd.

Shares of NASDAQ:FNJN traded up $0.20 during trading on Monday, hitting $3.17. 229,600 shares of the company’s stock were exchanged, compared to its average volume of 123,991. Finjan has a 52-week low of $1.69 and a 52-week high of $5.54. The stock has a market capitalization of $85.10 million, a P/E ratio of 9.06 and a beta of 0.24.

Finjan (NASDAQ:FNJN) last released its earnings results on Tuesday, November 13th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.18). Research analysts predict that Finjan will post 1.13 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Finjan by 79.9% during the third quarter. JPMorgan Chase & Co. now owns 383,222 shares of the software maker’s stock worth $1,652,000 after purchasing an additional 170,164 shares in the last quarter. Seizert Capital Partners LLC purchased a new stake in shares of Finjan during the third quarter worth about $529,000. BlackRock Inc. grew its position in shares of Finjan by 144.4% during the second quarter. BlackRock Inc. now owns 54,696 shares of the software maker’s stock worth $186,000 after purchasing an additional 32,313 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Finjan during the second quarter worth about $880,000. Finally, Bridgeway Capital Management Inc. grew its position in shares of Finjan by 735.6% during the third quarter. Bridgeway Capital Management Inc. now owns 590,800 shares of the software maker’s stock worth $2,546,000 after purchasing an additional 520,100 shares in the last quarter. Hedge funds and other institutional investors own 58.34% of the company’s stock.

About Finjan

Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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