Frontier Capital Management Co. LLC decreased its stake in shares of Brightcove Inc. (NASDAQ:BCOV) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,455,323 shares of the software maker’s stock after selling 13,233 shares during the quarter. Frontier Capital Management Co. LLC owned 7.15% of Brightcove worth $17,678,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Prudential Financial Inc. increased its holdings in shares of Brightcove by 1.8% during the 1st quarter. Prudential Financial Inc. now owns 121,060 shares of the software maker’s stock worth $1,077,000 after purchasing an additional 2,100 shares during the period. AQR Capital Management LLC increased its holdings in shares of Brightcove by 1.7% during the 1st quarter. AQR Capital Management LLC now owns 421,836 shares of the software maker’s stock worth $3,754,000 after purchasing an additional 7,062 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Brightcove by 162.8% during the 1st quarter. Nuveen Asset Management LLC now owns 752,554 shares of the software maker’s stock worth $6,698,000 after purchasing an additional 466,225 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Brightcove by 7.9% during the 1st quarter. Russell Investments Group Ltd. now owns 15,600 shares of the software maker’s stock worth $139,000 after purchasing an additional 1,143 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Brightcove by 18.0% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 24,022 shares of the software maker’s stock worth $214,000 after purchasing an additional 3,668 shares during the period. Institutional investors own 60.88% of the company’s stock.

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Several research firms have recently issued reports on BCOV. Zacks Investment Research downgraded shares of Brightcove from a “buy” rating to a “hold” rating in a report on Monday. Northland Securities upgraded shares of Brightcove from a “market perform” rating to an “outperform” rating in a report on Friday, October 27th. Stifel Nicolaus upped their target price on shares of Brightcove from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, B. Riley reissued a “hold” rating and issued a $7.25 target price on shares of Brightcove in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $8.56.

Shares of Brightcove Inc. (NASDAQ BCOV) opened at $7.55 on Tuesday. Brightcove Inc. has a 52 week low of $5.40 and a 52 week high of $9.30.

Brightcove (NASDAQ:BCOV) last released its quarterly earnings results on Thursday, October 26th. The software maker reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. The firm had revenue of $39.50 million for the quarter, compared to analyst estimates of $37.99 million. Brightcove had a negative net margin of 14.58% and a negative return on equity of 25.11%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. analysts expect that Brightcove Inc. will post -0.54 earnings per share for the current fiscal 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.

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Institutional Ownership by Quarter for Brightcove (NASDAQ:BCOV)

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