Finjan (NASDAQ:FNJN) Lifted to Hold at Zacks Investment Research
According to Zacks, “Finjan Holdings, Inc. operates as an online security and technology company primarily in the United States. It owns a portfolio of patents related to software that detects malicious code and protects end-users from identity and data theft, spyware, malware, phishing, Trojans and other online threats. Finjan Holdings Inc., formerly known as Converted Organics Inc., is based in New York. “
Other equities research analysts have also recently issued reports about the stock. ValuEngine raised shares of Yara International ASA from a sell rating to a hold rating in a report on Tuesday, March 19th. Dawson James reissued a buy rating on shares of Finjan in a report on Friday, March 29th.
Finjan (NASDAQ:FNJN) last announced its earnings results on Wednesday, May 8th. The software maker reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). On average, sell-side analysts forecast that Finjan will post 0.5 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bailard Inc. purchased a new position in Finjan during the first quarter worth about $76,000. Deutsche Bank AG raised its holdings in Finjan by 11.8% during the fourth quarter. Deutsche Bank AG now owns 38,501 shares of the software maker’s stock worth $96,000 after purchasing an additional 4,077 shares in the last quarter. B. Riley Financial Inc. purchased a new position in Finjan during the first quarter worth about $147,000. O Shaughnessy Asset Management LLC raised its holdings in Finjan by 34.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 60,044 shares of the software maker’s stock worth $176,000 after purchasing an additional 15,282 shares in the last quarter. Finally, Globeflex Capital L P raised its holdings in Finjan by 12.1% during the first quarter. Globeflex Capital L P now owns 77,381 shares of the software maker’s stock worth $227,000 after purchasing an additional 8,373 shares in the last quarter. 55.48% of the stock is owned by hedge funds and other institutional investors.
Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats.
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