Brightcove Inc. (BCOV) Holdings Held by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. maintained its stake in Brightcove Inc. (NASDAQ:BCOV) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,900 shares of the software maker’s stock at the close of the first quarter. Schwab Charles Investment Management Inc. owned about 0.15% of Brightcove worth $445,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in Brightcove by 7.9% during the first quarter. Russell Investments Group Ltd. now owns 15,600 shares of the software maker’s stock valued at $139,000 after buying an additional 1,143 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Brightcove by 14.0% in the first quarter. Parametric Portfolio Associates LLC now owns 17,819 shares of the software maker’s stock worth $159,000 after purchasing an additional 2,183 shares during the last quarter. Citadel Advisors LLC grew its holdings in Brightcove by 212.1% in the first quarter. Citadel Advisors LLC now owns 18,167 shares of the software maker’s stock worth $162,000 after purchasing an additional 34,367 shares during the last quarter. American International Group Inc. grew its holdings in Brightcove by 7.1% in the first quarter. American International Group Inc. now owns 18,452 shares of the software maker’s stock worth $164,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Brightcove by 4.0% in the first quarter. Wells Fargo & Company MN now owns 26,806 shares of the software maker’s stock worth $239,000 after purchasing an additional 1,035 shares during the last quarter. 62.63% of the stock is currently owned by institutional investors and hedge funds.

BCOV has been the topic of several analyst reports. Zacks Investment Research lowered shares of Brightcove from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. ValuEngine lowered shares of Brightcove from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Northland Securities set a $7.00 price target on shares of Brightcove and gave the stock a “hold” rating in a report on Friday, July 21st. Finally, B. Riley reiterated a “neutral” rating and set a $5.50 price objective on shares of Brightcove in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Brightcove presently has an average rating of “Hold” and an average target price of $7.67.

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Brightcove Inc. (NASDAQ:BCOV) remained flat at $6.90 during midday trading on Friday. The company’s stock had a trading volume of 96,397 shares. Brightcove Inc. has a 52 week low of $5.40 and a 52 week high of $13.80. The stock’s market cap is $236.98 million. The company has a 50 day moving average price of $6.87 and a 200-day moving average price of $7.15.

Brightcove (NASDAQ:BCOV) last issued its quarterly earnings results on Wednesday, July 26th. The software maker reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.02). Brightcove had a negative net margin of 12.22% and a negative return on equity of 19.65%. The business had revenue of $38.75 million during the quarter, compared to analyst estimates of $37.13 million. During the same period in the previous year, the company posted ($0.01) earnings per share. Brightcove’s revenue was up 5.4% compared to the same quarter last year. Analysts forecast that Brightcove Inc. will post ($0.37) EPS for the current year.

Brightcove Company Profile

Brightcove Inc is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.

Institutional Ownership by Quarter for Brightcove (NASDAQ:BCOV)

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