BlackRock Institutional Trust Company N.A. decreased its stake in shares of TiVo Inc. (NASDAQ:TIVO) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,645,592 shares of the company’s stock after selling 117,745 shares during the period. BlackRock Institutional Trust Company N.A. owned about 2.70% of TiVo worth $25,160,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in TIVO. Algert Global LLC bought a new stake in shares of TiVo during the first quarter valued at about $766,000. Glenmede Trust Co. NA raised its stake in shares of TiVo by 0.3% in the first quarter. Glenmede Trust Co. NA now owns 52,767 shares of the company’s stock valued at $501,000 after buying an additional 148 shares during the last quarter. Park West Asset Management LLC raised its stake in shares of TiVo by 130.0% in the fourth quarter. Park West Asset Management LLC now owns 2,300,000 shares of the company’s stock valued at $19,849,000 after buying an additional 1,300,000 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of TiVo by 3.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 321,839 shares of the company’s stock valued at $2,778,000 after buying an additional 9,915 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of TiVo by 67.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,700 shares of the company’s stock valued at $2,457,000 after buying an additional 114,600 shares during the last quarter.
Shares of TiVo Inc. (NASDAQ:TIVO) traded down 0.19% during midday trading on Thursday, hitting $10.50. 577,506 shares of the stock were exchanged. TiVo Inc. has a 52-week low of $7.29 and a 52-week high of $10.56. The firm’s 50-day moving average is $10.15 and its 200 day moving average is $9.10. The firm has a market cap of $1.05 billion and a PE ratio of 58.66.
Several brokerages have issued reports on TIVO. Jefferies Group reiterated a “buy” rating and set a $18.00 target price on shares of TiVo in a research report on Monday. B. Riley reiterated a “buy” rating and set a $13.25 target price on shares of TiVo in a research report on Monday, June 6th. Zacks Investment Research lowered shares of TiVo from a “buy” rating to a “hold” rating in a research report on Thursday, June 2nd. FBR & Co reiterated a “market perform” rating and set a $10.70 target price on shares of TiVo in a research report on Wednesday, June 1st. Finally, MKM Partners lowered shares of TiVo from a “buy” rating to a “neutral” rating and dropped their target price for the company from $12.00 to $10.70 in a research report on Wednesday, June 1st. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. TiVo has a consensus rating of “Hold” and an average price target of $12.83.
In related news, Director William Cella sold 6,850 shares of the stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $10.29, for a total value of $70,486.50. Following the completion of the sale, the director now directly owns 105,301 shares of the company’s stock, valued at approximately $1,083,547.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas S. Rogers sold 319,600 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $10.17, for a total transaction of $3,250,332.00. Following the completion of the sale, the director now directly owns 2,960,299 shares of the company’s stock, valued at $30,106,240.83. The disclosure for this sale can be found here.
TiVo Inc (TiVo) is a provider of video technology software services and cloud-based software-as-a-service solutions. The Company’s software and cloud-based services provide an all-in-one approach for navigating content chaos by combining live, recorded, Video on demand (VOD) and over-the-top content into an intuitive user interface with search, discovery, viewing and recording, creating a unified viewing experience.
