Neuberger Berman Group LLC cut its stake in Quantum Co. (NASDAQ:QMCO – Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,819,147 shares of the company’s stock after selling 513,603 shares during the period. Neuberger Berman Group LLC owned approximately 15.59% of Quantum worth $5,169,000 at the end of the most recent reporting period.
Separately, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Quantum by 151.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 64,066 shares of the company’s stock valued at $39,000 after acquiring an additional 38,592 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.
Quantum Stock Performance
Shares of NASDAQ:QMCO remained flat at $0.46 during mid-day trading on Friday. 130,775 shares of the company traded hands, compared to its average volume of 148,200. Quantum Co. has a fifty-two week low of $0.24 and a fifty-two week high of $1.32. The firm’s 50-day simple moving average is $0.51 and its 200 day simple moving average is $0.43.
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About Quantum
Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.
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