WINTON GROUP Ltd bought a new position in LivePerson, Inc. (NASDAQ:LPSN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 165,685 shares of the technology company’s stock, valued at approximately $2,245,000. WINTON GROUP Ltd owned about 0.28% of LivePerson at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in LivePerson by 92.0% in the 3rd quarter. Wells Fargo & Company MN now owns 89,325 shares of the technology company’s stock worth $1,210,000 after purchasing an additional 42,790 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of LivePerson by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 75,540 shares of the technology company’s stock valued at $1,012,000 after acquiring an additional 5,773 shares in the last quarter. Private Advisory Group LLC bought a new position in shares of LivePerson in the third quarter valued at approximately $339,000. Cortina Asset Management LLC boosted its holdings in shares of LivePerson by 124.7% in the third quarter. Cortina Asset Management LLC now owns 479,793 shares of the technology company’s stock valued at $6,501,000 after acquiring an additional 266,293 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of LivePerson in the third quarter valued at approximately $215,000. Hedge funds and other institutional investors own 75.81% of the company’s stock.

Several research firms have recently issued reports on LPSN. Zacks Investment Research cut shares of LivePerson from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Oppenheimer reiterated a “hold” rating on shares of LivePerson in a report on Wednesday, August 9th. Needham & Company LLC began coverage on shares of LivePerson in a report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective for the company. Northland Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of LivePerson in a report on Friday, September 1st. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $17.50 price objective (up from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $15.05.

In related news, EVP Dustin Dean sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total transaction of $35,875.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert P. Locascio sold 2,572 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $13.66, for a total transaction of $35,133.52. Following the sale, the chief executive officer now owns 76,435 shares of the company’s stock, valued at $1,044,102.10. The disclosure for this sale can be found here. Insiders have sold 9,374 shares of company stock valued at $129,989 over the last 90 days. 11.40% of the stock is currently owned by insiders.

LivePerson, Inc. (NASDAQ LPSN) opened at $11.05 on Friday. LivePerson, Inc. has a 1-year low of $5.43 and a 1-year high of $15.10.

LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. The firm had revenue of $54.49 million during the quarter, compared to analysts’ expectations of $54.55 million. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) earnings per share. equities research analysts expect that LivePerson, Inc. will post -0.02 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “WINTON GROUP Ltd Buys Shares of 165,685 LivePerson, Inc. (LPSN)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/03/winton-group-ltd-buys-shares-of-165685-liveperson-inc-lpsn.html.

LivePerson Company Profile

LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.

Want to see what other hedge funds are holding LPSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LivePerson, Inc. (NASDAQ:LPSN).

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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