Global X MANAGEMENT CO LLC boosted its position in Silver Spring Networks, Inc. (NYSE:SSNI) by 20.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,743 shares of the technology company’s stock after purchasing an additional 4,465 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Silver Spring Networks were worth $432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Delta Lloyd Asset Management N.V. acquired a new stake in Silver Spring Networks in the second quarter worth approximately $3,158,000. First Trust Advisors LP lifted its position in shares of Silver Spring Networks by 9.1% during the 2nd quarter. First Trust Advisors LP now owns 118,233 shares of the technology company’s stock valued at $1,334,000 after acquiring an additional 9,855 shares during the last quarter. Swiss National Bank lifted its position in shares of Silver Spring Networks by 14.2% during the 2nd quarter. Swiss National Bank now owns 66,600 shares of the technology company’s stock valued at $751,000 after acquiring an additional 8,300 shares during the last quarter. Robecosam AG lifted its position in shares of Silver Spring Networks by 10.0% during the 2nd quarter. Robecosam AG now owns 660,000 shares of the technology company’s stock valued at $7,432,000 after acquiring an additional 60,000 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of Silver Spring Networks by 7.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,892,353 shares of the technology company’s stock valued at $32,626,000 after acquiring an additional 197,957 shares during the last quarter. Hedge funds and other institutional investors own 78.52% of the company’s stock.

SSNI has been the subject of a number of recent research reports. Cowen and Company reiterated a “buy” rating and set a $16.00 price objective on shares of Silver Spring Networks in a research report on Tuesday, September 12th. FBR & Co reiterated a “buy” rating on shares of Silver Spring Networks in a research report on Monday, September 11th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $14.00 price objective on shares of Silver Spring Networks in a research report on Monday, September 18th. Williams Capital increased their price objective on Silver Spring Networks from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Finally, Canaccord Genuity increased their price objective on Silver Spring Networks from $10.50 to $11.50 and gave the company a “hold” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $14.95.

In other news, insider Donald L. Reeves III sold 30,579 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $16.15, for a total value of $493,850.85. Following the transaction, the insider now directly owns 32,260 shares of the company’s stock, valued at $520,999. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Raj Vaswani sold 14,272 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $12.60, for a total transaction of $179,827.20. Following the completion of the transaction, the insider now directly owns 647,031 shares in the company, valued at $8,152,590.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 176,399 shares of company stock worth $2,745,323. Company insiders own 29.60% of the company’s stock.

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Shares of Silver Spring Networks, Inc. (NYSE SSNI) opened at $16.17 on Friday. Silver Spring Networks, Inc. has a one year low of $9.68 and a one year high of $16.24.

About Silver Spring Networks

Silver Spring Networks, Inc is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things (IoT) for critical infrastructure. The Company provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid.

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Institutional Ownership by Quarter for Silver Spring Networks (NYSE:SSNI)

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