TIAA CREF Investment Management LLC increased its position in shares of Acacia Research Corporation (NASDAQ:ACTG) by 19.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 313,234 shares of the business services provider’s stock after buying an additional 51,867 shares during the period. TIAA CREF Investment Management LLC owned about 0.62% of Acacia Research Corporation worth $1,284,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ACTG. Wells Fargo & Company MN increased its stake in shares of Acacia Research Corporation by 42.0% during the first quarter. Wells Fargo & Company MN now owns 49,812 shares of the business services provider’s stock worth $286,000 after buying an additional 14,739 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Acacia Research Corporation by 3.8% during the first quarter. Bank of New York Mellon Corp now owns 239,104 shares of the business services provider’s stock worth $1,375,000 after buying an additional 8,773 shares during the period. American International Group Inc. boosted its holdings in Acacia Research Corporation by 7.1% in the first quarter. American International Group Inc. now owns 30,748 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 2,028 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Acacia Research Corporation by 5.6% in the first quarter. Geode Capital Management LLC now owns 379,856 shares of the business services provider’s stock valued at $2,184,000 after purchasing an additional 20,257 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Acacia Research Corporation by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 900,517 shares of the business services provider’s stock valued at $5,178,000 after purchasing an additional 68,880 shares in the last quarter. Hedge funds and other institutional investors own 72.30% of the company’s stock.

TRADEMARK VIOLATION WARNING: “TIAA CREF Investment Management LLC Purchases 51,867 Shares of Acacia Research Corporation (ACTG)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.thecerbatgem.com/2017/11/08/tiaa-cref-investment-management-llc-purchases-51867-shares-of-acacia-research-corporation-actg.html.

A number of equities analysts recently issued reports on ACTG shares. ValuEngine raised Acacia Research Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. TheStreet raised Acacia Research Corporation from a “d” rating to a “c-” rating in a report on Thursday, October 26th. Zacks Investment Research raised Acacia Research Corporation from a “strong sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $5.00 price target on shares of Acacia Research Corporation in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Acacia Research Corporation has a consensus rating of “Hold” and an average target price of $6.50.

Acacia Research Corporation (NASDAQ:ACTG) opened at $4.20 on Wednesday. The stock has a market capitalization of $225.16, a P/E ratio of 1.51 and a beta of 1.24. Acacia Research Corporation has a fifty-two week low of $2.90 and a fifty-two week high of $7.68.

In other Acacia Research Corporation news, Director G Louis Graziadio III purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $3.08 per share, with a total value of $30,800.00. Following the completion of the acquisition, the director now directly owns 486,701 shares of the company’s stock, valued at approximately $1,499,039.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank E. Walsh III acquired 25,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of $3.98 per share, with a total value of $99,500.00. Following the completion of the acquisition, the director now directly owns 383,961 shares of the company’s stock, valued at approximately $1,528,164.78. The disclosure for this purchase can be found here. Insiders purchased 147,250 shares of company stock valued at $520,303 over the last ninety days. 7.67% of the stock is currently owned by corporate insiders.

About Acacia Research Corporation

Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions.

Institutional Ownership by Quarter for Acacia Research Corporation (NASDAQ:ACTG)

Receive News & Stock Ratings for Acacia Research Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Research Corporation and related stocks with our FREE daily email newsletter.