State of Tennessee Treasury Department grew its stake in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,765 shares of the software maker’s stock after purchasing an additional 4,744 shares during the period. State of Tennessee Treasury Department’s holdings in Monotype Imaging were worth $867,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Monotype Imaging by 1.3% during the 2nd quarter. BlackRock Inc. now owns 6,171,996 shares of the software maker’s stock valued at $103,937,000 after buying an additional 80,783 shares in the last quarter. Trigran Investments Inc. lifted its position in shares of Monotype Imaging by 9.3% during the 2nd quarter. Trigran Investments Inc. now owns 3,937,643 shares of the software maker’s stock valued at $66,310,000 after buying an additional 334,634 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Monotype Imaging by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,030,951 shares of the software maker’s stock valued at $17,361,000 after buying an additional 24,400 shares in the last quarter. Northern Trust Corp lifted its position in shares of Monotype Imaging by 2.4% during the 2nd quarter. Northern Trust Corp now owns 538,425 shares of the software maker’s stock valued at $9,068,000 after buying an additional 12,816 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Monotype Imaging by 14.6% during the 2nd quarter. Morgan Stanley now owns 464,320 shares of the software maker’s stock valued at $7,820,000 after buying an additional 59,324 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Shares of NASDAQ:TYPE opened at $19.84 on Thursday. Monotype Imaging Holdings Inc. has a 1 year low of $15.29 and a 1 year high of $21.09. The firm has a market capitalization of $819.79 million, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 1.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.30 and a quick ratio of 2.30. The business’s 50 day moving average price is $19.83 and its 200-day moving average price is $18.50.

A number of research analysts have recently issued reports on TYPE shares. ValuEngine upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. BidaskClub lowered Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Zacks Investment Research lowered Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th. Finally, Dougherty & Co lowered Monotype Imaging from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Monotype Imaging presently has a consensus rating of “Hold” and a consensus target price of $19.83.

Monotype Imaging Profile

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company's solutions include type intellectual property (IP), enterprise software for visual content marketing solutions, custom type design services, and tools and technologies through direct sales channels, e-commerce platforms, and partner platforms.

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Institutional Ownership by Quarter for Monotype Imaging (NASDAQ:TYPE)

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