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

Essex Investment Management Co. LLC decreased its position in Identiv, Inc. (NASDAQ:INVE) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,711 shares of the technology company’s stock after selling 29,547 shares during the period. Essex Investment Management Co. LLC’s holdings in Identiv were worth $5,758,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Identiv in the second quarter valued at about $28,000. Northern Trust Corp raised its position in Identiv by 12.7% during the first quarter. Northern Trust Corp now owns 34,515 shares of the technology company’s stock worth $396,000 after acquiring an additional 3,895 shares during the last quarter. BlackRock Inc. raised its position in Identiv by 1.6% during the first quarter. BlackRock Inc. now owns 302,639 shares of the technology company’s stock worth $3,468,000 after acquiring an additional 4,639 shares during the last quarter. Barclays PLC raised its position in Identiv by 180.9% during the first quarter. Barclays PLC now owns 13,097 shares of the technology company’s stock worth $150,000 after acquiring an additional 8,435 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Identiv by 15.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 72,179 shares of the technology company’s stock worth $614,000 after acquiring an additional 9,644 shares during the last quarter. 58.50% of the stock is currently owned by institutional investors and hedge funds.

In other Identiv news, Director James E. Ousley sold 5,555 shares of the stock in a transaction on Friday, September 17th. The shares were sold at an average price of $18.85, for a total transaction of $104,711.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven Humphreys sold 25,000 shares of the stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $17.89, for a total value of $447,250.00. Following the completion of the sale, the chief executive officer now directly owns 255,842 shares in the company, valued at $4,577,013.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,110 shares of company stock valued at $1,145,424. 8.60% of the stock is owned by insiders.

INVE traded up $0.42 during trading on Monday, hitting $20.23. 1,404 shares of the company’s stock were exchanged, 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 50 day moving average price of $17.24 and a 200 day moving average price of $15.50. The firm has a market cap of $448.30 million, a P/E ratio of -495.25 and a beta of 1.80.

Identiv (NASDAQ:INVE) last released its quarterly earnings data 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 company had revenue of $23.99 million during the quarter, compared to the consensus estimate of $22.69 million.

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

Identiv Company Profile

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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