Principal Financial Group Inc. lessened its position in TiVo Corporation (NASDAQ:TIVO) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 933,753 shares of the technology company’s stock after selling 4,272 shares during the period. Principal Financial Group Inc. owned 0.78% of TiVo Corporation worth $18,535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TIVO. Denver Investment Advisors LLC increased its holdings in TiVo Corporation by 275.5% in the 2nd quarter. Denver Investment Advisors LLC now owns 1,724,867 shares of the technology company’s stock worth $32,168,000 after purchasing an additional 1,265,563 shares in the last quarter. Teachers Advisors LLC increased its holdings in TiVo Corporation by 422.1% in the 2nd quarter. Teachers Advisors LLC now owns 1,076,095 shares of the technology company’s stock worth $20,069,000 after purchasing an additional 869,972 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in TiVo Corporation by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,950,144 shares of the technology company’s stock worth $166,918,000 after purchasing an additional 590,818 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in TiVo Corporation by 68.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 553,601 shares of the technology company’s stock worth $10,325,000 after purchasing an additional 224,729 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in TiVo Corporation by 9.5% in the 2nd quarter. Northern Trust Corp now owns 2,258,542 shares of the technology company’s stock worth $42,121,000 after purchasing an additional 195,644 shares in the last quarter. 88.79% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $31.00 price target on shares of TiVo Corporation in a research note on Sunday, August 6th. ValuEngine cut TiVo Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 price target on shares of TiVo Corporation in a research note on Thursday, September 21st. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 price target on shares of TiVo Corporation in a research note on Friday, November 3rd. Finally, Cowen Inc reissued a “buy” rating and issued a $30.00 price target on shares of TiVo Corporation in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.60.

Shares of TiVo Corporation (NASDAQ:TIVO) opened at $18.45 on Friday. TiVo Corporation has a 52-week low of $15.15 and a 52-week high of $22.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.33 and a current ratio of 2.38. The company has a market capitalization of $2,306.82, a PE ratio of 25.54, a P/E/G ratio of 1.51 and a beta of 0.10.

TiVo Corporation (NASDAQ:TIVO) last announced its earnings results on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). TiVo Corporation had a negative net margin of 5.39% and a positive return on equity of 4.72%. The business had revenue of $197.90 million for the quarter, compared to the consensus estimate of $190.83 million. During the same quarter in the previous year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. research analysts forecast that TiVo Corporation will post 1.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 3.90%. TiVo Corporation’s payout ratio is -184.62%.

In related news, insider Dustin Finer sold 11,881 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total transaction of $237,620.00. Following the sale, the insider now owns 41,524 shares in the company, valued at approximately $830,480. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $20.00, for a total value of $62,940.00. Following the sale, the executive vice president now owns 89,976 shares in the company, valued at approximately $1,799,520. The disclosure for this sale can be found here. 3.57% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “Principal Financial Group Inc. Sells 4,272 Shares of TiVo Corporation (TIVO)” was posted by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.watchlistnews.com/principal-financial-group-inc-sells-4272-shares-of-tivo-corporation-tivo/1725407.html.

About TiVo Corporation

TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.

Institutional Ownership by Quarter for TiVo Corporation (NASDAQ:TIVO)

Receive News & Ratings for TiVo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.