Identiv (INVE) Rating Increased to Hold at Zacks Investment Research
Identiv (NASDAQ:INVE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “Identiv Inc. is a global security technology company. It provides trust solutions in the connected world, including premises, information and everyday items. The Company’s trust solutions are implemented using standards-driven products and technology, such as hardware, software, digital certificates, and mobility and cloud services. Its products are used in corporate employee identification cards, company email, information technology networks and facility access control, in national ID cards and passports, transport passes, banking and other uses. Identiv Group, Inc., formerly known as Identive Group, Inc., is headquartered in Fremont, California. “
Separately, ValuEngine downgraded Identiv from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th.
A number of hedge funds have recently bought and sold shares of INVE. Sterling Capital Management LLC acquired a new position in Identiv in the second quarter valued at about $111,000. Northern Trust Corp raised its stake in Identiv by 43.5% in the second quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock valued at $123,000 after purchasing an additional 7,104 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in Identiv by 64.3% in the third quarter. Essex Investment Management Co. LLC now owns 263,974 shares of the technology company’s stock valued at $1,225,000 after purchasing an additional 103,294 shares in the last quarter. Vanguard Group Inc. raised its stake in Identiv by 1.0% in the second quarter. Vanguard Group Inc. now owns 259,868 shares of the technology company’s stock valued at $1,364,000 after purchasing an additional 2,476 shares in the last quarter. Finally, Royce & Associates LP raised its stake in Identiv by 5.9% in the fourth quarter. Royce & Associates LP now owns 805,086 shares of the technology company’s stock valued at $2,689,000 after purchasing an additional 45,000 shares in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.
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Identiv Company Profile
Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.
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