University of Notre Dame DU Lac bought a new stake in Immersion Corporation (NASDAQ:IMMR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 711,122 shares of the software maker’s stock, valued at approximately $5,810,000. Immersion comprises approximately 1.6% of University of Notre Dame DU Lac’s portfolio, making the stock its 13th biggest position. University of Notre Dame DU Lac owned approximately 2.43% of Immersion as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in Immersion by 4.7% in the second quarter. Goldman Sachs Group Inc. now owns 36,404 shares of the software maker’s stock valued at $331,000 after acquiring an additional 1,621 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Immersion by 8.1% in the second quarter. The Manufacturers Life Insurance Company now owns 25,835 shares of the software maker’s stock valued at $234,000 after acquiring an additional 1,929 shares during the last quarter. Voya Investment Management LLC boosted its stake in Immersion by 14.1% in the second quarter. Voya Investment Management LLC now owns 20,218 shares of the software maker’s stock valued at $184,000 after acquiring an additional 2,501 shares during the last quarter. Geode Capital Management LLC boosted its stake in Immersion by 3.0% in the first quarter. Geode Capital Management LLC now owns 249,334 shares of the software maker’s stock valued at $2,159,000 after acquiring an additional 7,191 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Immersion by 5.0% in the second quarter. Northern Trust Corp now owns 385,824 shares of the software maker’s stock valued at $3,503,000 after acquiring an additional 18,517 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Shares of Immersion Corporation (IMMR) opened at $7.40 on Tuesday. Immersion Corporation has a 52 week low of $5.76 and a 52 week high of $11.92.

Immersion (NASDAQ:IMMR) last announced its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.16. Immersion had a negative net margin of 190.18% and a negative return on equity of 100.50%. The company had revenue of $11.90 million for the quarter, compared to analysts’ expectations of $7.33 million. During the same period in the prior year, the company posted $0.34 EPS. Immersion’s revenue was down 54.8% compared to the same quarter last year. sell-side analysts expect that Immersion Corporation will post -1.12 earnings per share for the current year.

A number of research analysts have weighed in on IMMR shares. ValuEngine upgraded shares of Immersion from a “strong sell” rating to a “sell” rating in a research note on Friday. Zacks Investment Research upgraded shares of Immersion from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research note on Thursday, November 9th. Finally, B. Riley started coverage on shares of Immersion in a research note on Thursday, August 10th. They issued a “buy” rating and a $9.75 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.17.

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Immersion Company Profile

Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.

Institutional Ownership by Quarter for Immersion (NASDAQ:IMMR)

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