Essex Investment Management Co. LLC Reduces Position in Identiv, Inc. (NASDAQ:INVE)

Essex Investment Management Co. LLC cut its stake in shares of Identiv, Inc. (NASDAQ:INVE) by 8.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,711 shares of the technology company’s stock after selling 29,547 shares during the quarter. Essex Investment Management Co. LLC owned about 1.54% of Identiv worth $5,758,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in INVE. Ameritas Investment Partners Inc. purchased a new stake in shares of Identiv during the second quarter valued at $28,000. Barclays PLC grew its holdings in shares of Identiv by 180.9% during the first quarter. Barclays PLC now owns 13,097 shares of the technology company’s stock valued at $150,000 after buying an additional 8,435 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Identiv during the first quarter valued at $158,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Identiv during the second quarter valued at $217,000. Finally, Rhumbline Advisers purchased a new stake in shares of Identiv during the second quarter valued at $219,000. 58.50% of the stock is currently owned by hedge funds and other institutional investors.

In other Identiv news, Director James E. Ousley sold 5,555 shares of the stock in a transaction dated Monday, September 20th. The shares were sold at an average price of $18.31, for a total value of $101,712.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven Humphreys sold 25,000 shares of the stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $17.89, for a total transaction of $447,250.00. Following the completion of the sale, the chief executive officer now owns 255,842 shares of the company’s stock, valued at approximately $4,577,013.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,110 shares of company stock valued at $1,145,424. Insiders own 8.60% of the company’s stock.

NASDAQ:INVE traded up $0.42 during mid-day trading on Monday, hitting $20.23. The company’s stock had a trading volume of 1,404 shares, compared to its average volume of 203,220. Identiv, Inc. has a 1 year low of $5.59 and a 1 year high of $21.18. The stock has a market cap of $448.30 million, a price-to-earnings ratio of -495.25 and a beta of 1.80. The business’s fifty day moving average is $17.24 and its two-hundred day moving average is $15.50.

Identiv (NASDAQ:INVE) last posted its earnings results on Tuesday, August 3rd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. Identiv had a net margin of 0.43% and a negative return on equity of 5.79%. The business had revenue of $23.99 million for the quarter, compared to analyst estimates of $22.69 million.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Identiv from a “buy” rating to a “hold” rating in a report on Friday, August 6th. B. Riley upped their price target on shares of Identiv from $22.00 to $26.00 and gave the company a “buy” rating in a report on Monday, September 20th.

About Identiv

Identiv, Inc engages in the provision of physical security and secure identification solutions. Its products include physical access control and video, logical access control, credentials, and RFID inlays and tags. The firm serves the government, healthcare, airports and aviation, and education. It operates through the Identity and Premises segments.

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Institutional Ownership by Quarter for Identiv (NASDAQ:INVE)

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