Ardsley Advisory Partners grew its holdings in I.D. Systems, Inc. (NASDAQ:IDSY) by 86.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,021 shares of the communications equipment provider’s stock after purchasing an additional 122,779 shares during the quarter. Ardsley Advisory Partners owned about 1.52% of I.D. Systems worth $1,636,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IDSY. HighTower Advisors LLC lifted its stake in I.D. Systems by 1.5% in the 1st quarter. HighTower Advisors LLC now owns 19,900 shares of the communications equipment provider’s stock worth $126,000 after purchasing an additional 300 shares in the last quarter. Northern Trust Corp lifted its stake in I.D. Systems by 2.6% in the 2nd quarter. Northern Trust Corp now owns 30,613 shares of the communications equipment provider’s stock worth $188,000 after purchasing an additional 784 shares in the last quarter. Berson & Corrado Investment Advisors LLC lifted its stake in I.D. Systems by 6.8% in the 2nd quarter. Berson & Corrado Investment Advisors LLC now owns 31,460 shares of the communications equipment provider’s stock worth $193,000 after purchasing an additional 1,990 shares in the last quarter. American Capital Management Inc. lifted its stake in I.D. Systems by 50.1% in the 2nd quarter. American Capital Management Inc. now owns 103,300 shares of the communications equipment provider’s stock worth $633,000 after purchasing an additional 34,500 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new position in I.D. Systems in the 2nd quarter worth approximately $837,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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Shares of I.D. Systems, Inc. (IDSY) traded down 0.29% during mid-day trading on Wednesday, hitting $6.93. 3,167 shares of the stock were exchanged. I.D. Systems, Inc. has a one year low of $4.63 and a one year high of $7.75. The company has a 50-day moving average of $6.64 and a 200 day moving average of $6.52. The stock’s market cap is $94.16 million.

A number of research analysts have weighed in on IDSY shares. B. Riley reissued a “buy” rating and issued a $8.00 target price on shares of I.D. Systems in a research note on Thursday, August 10th. Zacks Investment Research raised shares of I.D. Systems from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $7.63.

I.D. Systems Profile

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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