Schwab Charles Investment Management Inc. increased its position in Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 26.8% in the third quarter, Holdings Channel reports. The institutional investor owned 205,552 shares of the software maker’s stock after buying an additional 43,413 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Synchronoss Technologies were worth $1,918,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. bought a new stake in Synchronoss Technologies in the 3rd quarter worth approximately $113,000. SG Americas Securities LLC bought a new stake in Synchronoss Technologies in the 3rd quarter worth approximately $119,000. BNP Paribas Arbitrage SA lifted its position in Synchronoss Technologies by 56.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,795 shares of the software maker’s stock worth $227,000 after buying an additional 5,003 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in Synchronoss Technologies in the 3rd quarter worth approximately $149,000. Finally, Municipal Employees Retirement System of Michigan lifted its position in Synchronoss Technologies by 60.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 16,180 shares of the software maker’s stock worth $151,000 after buying an additional 6,080 shares during the last quarter. Institutional investors own 68.17% of the company’s stock.

Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) opened at $9.25 on Friday. Synchronoss Technologies, Inc. has a 12-month low of $8.48 and a 12-month high of $40.27. The firm has a market capitalization of $430.96, a P/E ratio of 21.02 and a beta of 1.56.

A number of analysts recently weighed in on SNCR shares. Zacks Investment Research upgraded Synchronoss Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Deutsche Bank reiterated a “hold” rating and issued a $8.00 price objective (down previously from $18.00) on shares of Synchronoss Technologies in a research report on Thursday, December 7th. BidaskClub downgraded Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a $8.00 price objective (down previously from $13.00) on shares of Synchronoss Technologies in a research report on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Synchronoss Technologies has an average rating of “Hold” and a consensus target price of $16.57.

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About Synchronoss Technologies

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

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Institutional Ownership by Quarter for Synchronoss Technologies (NASDAQ:SNCR)

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