Gridsum Holding (GSUM) Holdings Increased by Quentec Asset Management LLC
Quentec Asset Management LLC boosted its stake in shares of Gridsum Holding (NASDAQ:GSUM) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,145,268 shares of the technology company’s stock after buying an additional 127,926 shares during the period. Gridsum comprises 1.2% of Quentec Asset Management LLC’s investment portfolio, making the stock its 17th largest holding. Quentec Asset Management LLC owned about 4.55% of Gridsum worth $11,797,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of GSUM. TIAA CREF Investment Management LLC acquired a new position in shares of Gridsum in the 2nd quarter valued at about $104,000. Northern Trust Corp bought a new stake in shares of Gridsum in the 2nd quarter valued at approximately $106,000. State Street Corp bought a new stake in shares of Gridsum in the 2nd quarter valued at approximately $112,000. Stifel Financial Corp bought a new stake in shares of Gridsum in the 2nd quarter valued at approximately $226,000. Finally, Matthews International Capital Management LLC grew its stake in shares of Gridsum by 30.4% in the 2nd quarter. Matthews International Capital Management LLC now owns 467,447 shares of the technology company’s stock valued at $4,001,000 after buying an additional 108,984 shares in the last quarter. Hedge funds and other institutional investors own 35.68% of the company’s stock.
Shares of Gridsum Holding (GSUM) opened at $8.41 on Thursday. Gridsum Holding has a 12 month low of $6.76 and a 12 month high of $14.70.
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Gridsum Holding Inc is a holding company. The Company provides data analysis software for multinational and domestic enterprises, and government agencies in China. The Company’s technology, the Gridsum Big Data Platform performs multi-dimensional correlation analysis and analyzes real-time events. The Company offers various types of solutions and technologies.
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