California Public Employees Retirement System continued to hold its position in shares of Acacia Research Corporation (NASDAQ:ACTG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,900 shares of the business services provider’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned about 0.18% of Acacia Research Corporation worth $377,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. KCG Holdings Inc. raised its stake in shares of Acacia Research Corporation by 51.7% during the 1st quarter. KCG Holdings Inc. now owns 21,822 shares of the business services provider’s stock worth $125,000 after purchasing an additional 7,440 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Acacia Research Corporation by 105.3% during the 2nd quarter. Alliancebernstein L.P. now owns 37,241 shares of the business services provider’s stock worth $153,000 after purchasing an additional 19,100 shares in the last quarter. American International Group Inc. raised its stake in shares of Acacia Research Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 30,748 shares of the business services provider’s stock worth $177,000 after purchasing an additional 2,028 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Acacia Research Corporation by 10.9% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 38,344 shares of the business services provider’s stock worth $220,000 after purchasing an additional 3,784 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of Acacia Research Corporation during the 2nd quarter worth approximately $221,000. Institutional investors own 69.25% of the company’s stock.

Acacia Research Corporation (ACTG) opened at $4.30 on Friday. The firm has a market capitalization of $217.60, a P/E ratio of 1.46 and a beta of 1.24. Acacia Research Corporation has a 1-year low of $2.90 and a 1-year high of $7.68.

ACTG has been the topic of a number of analyst reports. ValuEngine upgraded Acacia Research Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. TheStreet upgraded Acacia Research Corporation from a “d” rating to a “c-” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Acacia Research Corporation from a “strong sell” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Barclays PLC reissued a “sell” rating and set a $5.00 target price on shares of Acacia Research Corporation in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.50.

In other Acacia Research Corporation news, Director Frank E. Walsh III bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $3.98 per share, with a total value of $99,500.00. Following the acquisition, the director now owns 383,961 shares of the company’s stock, valued at $1,528,164.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Louis Graziadio III bought 22,600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average cost of $3.95 per share, for a total transaction of $89,270.00. Following the completion of the acquisition, the director now directly owns 545,951 shares in the company, valued at approximately $2,156,506.45. The disclosure for this purchase can be found here. Insiders have purchased a total of 111,856 shares of company stock worth $409,459 over the last three months. 2.81% of the stock is owned by insiders.

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Acacia Research Corporation Profile

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.

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

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