Pacific Alternative Asset Management Company LLC purchased a new stake in Covisint Corp (NASDAQ:COVS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 286,800 shares of the software maker’s stock, valued at approximately $703,000.

A number of other institutional investors have also bought and sold shares of the business. K2 Principal Fund L.P. acquired a new stake in Covisint Corp in the second quarter valued at $352,000. FMR LLC raised its stake in Covisint Corp by 2.0% in the second quarter. FMR LLC now owns 6,129,093 shares of the software maker’s stock valued at $15,016,000 after buying an additional 120,000 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Covisint Corp by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 231,963 shares of the software maker’s stock valued at $568,000 after buying an additional 5,136 shares in the last quarter. Kassirer Asset Management Corp acquired a new stake in Covisint Corp in the second quarter valued at $875,000. Finally, Dimensional Fund Advisors LP raised its stake in Covisint Corp by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 492,225 shares of the software maker’s stock valued at $1,009,000 after buying an additional 5,250 shares in the last quarter. Institutional investors own 65.51% of the company’s stock.

Covisint Corp (NASDAQ COVS) traded up 2.08% during mid-day trading on Friday, reaching $2.45. The company’s stock had a trading volume of 187,144 shares. Covisint Corp has a 1-year low of $1.71 and a 1-year high of $2.50. The stock’s 50 day moving average price is $2.44 and its 200 day moving average price is $2.09.

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About Covisint Corp

Covisint Corporation provides an open, enterprise class cloud platform (Platform) enabling organizations to build solutions that identify, authenticate and connect users, devices, applications and information. The Company’s Auto Supply Portal is involved in the development and integration of three cloud-based technologies, such as identity management, data integration and exchange services, and portal services.

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Institutional Ownership by Quarter for Covisint Corp (NASDAQ:COVS)

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