Airain ltd boosted its stake in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 10.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,469 shares of the software maker’s stock after buying an additional 7,218 shares during the period. Airain ltd owned 0.17% of Synchronoss Technologies worth $1,209,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SNCR. Virginia Retirement Systems ET AL increased its stake in shares of Synchronoss Technologies by 26.9% in the second quarter. Virginia Retirement Systems ET AL now owns 37,700 shares of the software maker’s stock valued at $620,000 after buying an additional 8,000 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Synchronoss Technologies by 56.9% in the second quarter. BNP Paribas Arbitrage SA now owns 13,795 shares of the software maker’s stock valued at $227,000 after buying an additional 5,003 shares during the period. Comerica Bank increased its stake in shares of Synchronoss Technologies by 40.6% in the second quarter. Comerica Bank now owns 141,698 shares of the software maker’s stock valued at $2,307,000 after buying an additional 40,928 shares during the period. Legal & General Group Plc increased its stake in shares of Synchronoss Technologies by 8.8% in the second quarter. Legal & General Group Plc now owns 81,694 shares of the software maker’s stock valued at $1,343,000 after buying an additional 6,639 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in shares of Synchronoss Technologies by 36.6% in the second quarter. State of Wisconsin Investment Board now owns 325,622 shares of the software maker’s stock valued at $5,356,000 after buying an additional 87,170 shares during the period. Institutional investors and hedge funds own 74.25% of the company’s stock.

Synchronoss Technologies, Inc. (SNCR) opened at 16.79 on Friday. The company has a market capitalization of $738.47 million, a PE ratio of 37.31 and a beta of 1.69. The firm has a 50-day moving average of $16.56 and a 200 day moving average of $19.13. Synchronoss Technologies, Inc. has a 12-month low of $10.11 and a 12-month high of $49.94.

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Several brokerages recently issued reports on SNCR. BidaskClub upgraded shares of Synchronoss Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded shares of Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $16.00 target price on shares of Synchronoss Technologies in a research note on Friday, June 23rd. Drexel Hamilton downgraded shares of Synchronoss Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, ValuEngine downgraded shares of Synchronoss Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Synchronoss Technologies presently has a consensus rating of “Hold” and an average target price of $24.00.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

Institutional Ownership by Quarter for Synchronoss Technologies (NASDAQ:SNCR)

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