Essex Investment Management Co. LLC Boosts Stake in Identiv, Inc. (INVE)

Essex Investment Management Co. LLC boosted its position in Identiv, Inc. (NASDAQ:INVE) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,680 shares of the technology company’s stock after buying an additional 14,745 shares during the period. Essex Investment Management Co. LLC owned about 1.18% of Identiv worth $844,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hollencrest Securities LLC raised its stake in shares of Identiv by 11.3% in the second quarter. Hollencrest Securities LLC now owns 29,605 shares of the technology company’s stock worth $155,000 after buying an additional 3,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Identiv by 18.5% in the first quarter. Renaissance Technologies LLC now owns 278,359 shares of the technology company’s stock worth $1,965,000 after buying an additional 43,419 shares in the last quarter. UBS Group AG raised its stake in shares of Identiv by 11.3% in the first quarter. UBS Group AG now owns 15,579 shares of the technology company’s stock worth $110,000 after buying an additional 1,579 shares in the last quarter. Royce & Associates LP raised its stake in shares of Identiv by 10.1% in the first quarter. Royce & Associates LP now owns 656,589 shares of the technology company’s stock worth $4,636,000 after buying an additional 60,000 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of Identiv during the first quarter worth about $688,000. 14.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Identiv, Inc. (INVE) traded down 1.40% during mid-day trading on Friday, hitting $4.92. The stock had a trading volume of 65,185 shares. Identiv, Inc. has a 52-week low of $1.86 and a 52-week high of $7.81. The stock has a 50 day moving average price of $5.25 and a 200-day moving average price of $5.46. The company’s market cap is $55.17 million.

Identiv (NASDAQ:INVE) last announced its earnings results on Thursday, August 10th. The technology company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $14.84 million for the quarter, compared to analysts’ expectations of $14.71 million. Identiv had a negative return on equity of 84.14% and a negative net margin of 7.53%. During the same quarter in the prior year, the firm earned ($0.27) EPS. On average, equities analysts expect that Identiv, Inc. will post ($0.15) earnings per share for the current fiscal year.

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Separately, Northland Securities set a $10.00 price target on Identiv and gave the stock a “buy” rating in a research note on Monday, August 7th.

In other Identiv news, Director Nina B. Shapiro acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were acquired at an average price of $5.52 per share, for a total transaction of $55,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.30% of the stock is owned by company insiders.

Identiv Company Profile

Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.

Institutional Ownership by Quarter for Identiv (NASDAQ:INVE)

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