iPass Inc. (IPAS) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP trimmed its holdings in shares of iPass Inc. (NASDAQ:IPAS) by 70.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 254,367 shares of the technology company’s stock after selling 592,401 shares during the period. Dimensional Fund Advisors LP owned approximately 0.38% of iPass worth $168,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Northern Trust Corp increased its holdings in shares of iPass by 2.4% during the second quarter. Northern Trust Corp now owns 130,999 shares of the technology company’s stock valued at $173,000 after purchasing an additional 3,058 shares during the period. Susquehanna International Group LLP acquired a new position in shares of iPass during the second quarter valued at $100,000. Sterling Capital Management LLC acquired a new position in shares of iPass during the second quarter valued at $228,000. P.A.W. Capital Corp increased its holdings in shares of iPass by 143.9% during the third quarter. P.A.W. Capital Corp now owns 500,000 shares of the technology company’s stock valued at $330,000 after purchasing an additional 295,000 shares during the period. Finally, Millennium TVP Management Co. LLC acquired a new position in shares of iPass during the third quarter valued at $3,553,000. 28.10% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on the company. Maxim Group reissued a “buy” rating and set a $2.00 price target on shares of iPass in a report on Thursday, November 2nd. Roth Capital assumed coverage on iPass in a report on Wednesday, January 17th. They set a “buy” rating and a $2.00 target price on the stock. Finally, Zacks Investment Research lowered iPass from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $2.22.
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iPass Company Profile
iPass Inc (iPass), is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud-based solution allowing its customers and their users’ access to its global Wi-Fi network to stay connected to the people and information.
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