Archon Capital Management LLC purchased a new stake in I.D. Systems, Inc. (NASDAQ:IDSY) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 184,549 shares of the communications equipment provider’s stock, valued at approximately $1,386,000. I.D. Systems accounts for 0.7% of Archon Capital Management LLC’s holdings, making the stock its 19th largest position. Archon Capital Management LLC owned about 1.06% of I.D. Systems as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Smith Moore & CO. acquired a new position in shares of I.D. Systems in the 3rd quarter valued at about $263,000. Victory Capital Management Inc. acquired a new position in shares of I.D. Systems in the 3rd quarter valued at about $2,816,000. Ardsley Advisory Partners boosted its holdings in shares of I.D. Systems by 86.9% in the 2nd quarter. Ardsley Advisory Partners now owns 264,021 shares of the communications equipment provider’s stock valued at $1,636,000 after buying an additional 122,779 shares during the period. Punch & Associates Investment Management Inc. acquired a new position in I.D. Systems during the 2nd quarter valued at about $837,000. Finally, Vanguard Group Inc. boosted its stake in I.D. Systems by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 369,627 shares of the communications equipment provider’s stock valued at $2,266,000 after purchasing an additional 7,200 shares during the period. 39.87% of the stock is owned by institutional investors and hedge funds.

I.D. Systems, Inc. (NASDAQ:IDSY) opened at $6.87 on Monday. I.D. Systems, Inc. has a one year low of $4.70 and a one year high of $7.75.

IDSY has been the subject of a number of analyst reports. B. Riley reissued a “buy” rating and set a $7.75 target price on shares of I.D. Systems in a research note on Monday, July 31st. Zacks Investment Research lowered shares of I.D. Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th.

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About I.D. Systems

I.D. Systems, Inc (I.D. Systems) develops, markets and sells wireless machine-to-machine solutions for managing and securing enterprise assets, which include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers.

Institutional Ownership by Quarter for I.D. Systems (NASDAQ:IDSY)

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