Renaissance Technologies LLC Boosts Stake in RealNetworks, Inc. (NASDAQ:RNWK)

Renaissance Technologies LLC boosted its stake in RealNetworks, Inc. (NASDAQ:RNWK) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,177,678 shares of the technology company’s stock after buying an additional 19,300 shares during the period. Renaissance Technologies LLC owned 3.18% of RealNetworks worth $5,700,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. AXA raised its stake in RealNetworks by 18.0% in the first quarter. AXA now owns 165,500 shares of the technology company’s stock valued at $801,000 after buying an additional 25,200 shares during the period. Prudential Financial Inc. raised its stake in RealNetworks by 10.6% in the first quarter. Prudential Financial Inc. now owns 140,754 shares of the technology company’s stock valued at $681,000 after buying an additional 13,500 shares during the period. Alambic Investment Management L.P. raised its stake in RealNetworks by 2.3% in the first quarter. Alambic Investment Management L.P. now owns 35,050 shares of the technology company’s stock valued at $170,000 after buying an additional 800 shares during the period. Parametric Portfolio Associates LLC raised its stake in RealNetworks by 3.4% in the first quarter. Parametric Portfolio Associates LLC now owns 38,991 shares of the technology company’s stock valued at $189,000 after buying an additional 1,298 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in RealNetworks by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 108,940 shares of the technology company’s stock valued at $528,000 after buying an additional 1,690 shares during the period. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Shares of RealNetworks, Inc. (NASDAQ:RNWK) opened at 4.05 on Friday. The company’s 50-day moving average is $4.28 and its 200-day moving average is $4.50. RealNetworks, Inc. has a one year low of $4.00 and a one year high of $5.45. The company’s market cap is $150.66 million.

RealNetworks (NASDAQ:RNWK) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.12. The company had revenue of $33.11 million for the quarter, compared to analysts’ expectations of $30.63 million. RealNetworks had a negative net margin of 20.48% and a negative return on equity of 36.41%. During the same quarter last year, the company earned ($0.09) earnings per share. On average, equities analysts predict that RealNetworks, Inc. will post ($0.82) EPS for the current year.

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Several equities research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $6.50 target price on shares of RealNetworks in a report on Saturday, May 6th. Zacks Investment Research lowered shares of RealNetworks from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th.

About RealNetworks

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.

Institutional Ownership by Quarter for RealNetworks (NASDAQ:RNWK)

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