Finjan (NASDAQ:FNJN) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Monday.

According to Zacks, “Finjan Holdings, Inc. operates as an online security and technology company primarily in the United States. It owns a portfolio of patents related to software that detects malicious code and protects end-users from identity and data theft, spyware, malware, phishing, Trojans and other online threats. Finjan Holdings Inc., formerly known as Converted Organics Inc., is based in New York. “

Several other equities analysts have also recently issued reports on the company. ValuEngine upgraded Finjan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. TheStreet cut Finjan from a “b” rating to a “c” rating in a research report on Monday, December 3rd.

Shares of FNJN stock opened at $3.22 on Monday. Finjan has a 1 year low of $2.11 and a 1 year high of $5.54. The firm has a market cap of $86.66 million, a PE ratio of 9.20 and a beta of 0.37.

Several hedge funds have recently modified their holdings of FNJN. Man Group plc acquired a new position in shares of Finjan during the 3rd quarter valued at $2,269,000. Bridgeway Capital Management Inc. increased its position in shares of Finjan by 735.6% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 590,800 shares of the software maker’s stock valued at $2,546,000 after purchasing an additional 520,100 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Finjan by 40.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,125,648 shares of the software maker’s stock valued at $4,852,000 after purchasing an additional 323,636 shares during the period. Alambic Investment Management L.P. acquired a new position in shares of Finjan during the 4th quarter valued at $501,000. Finally, JPMorgan Chase & Co. increased its position in shares of Finjan by 79.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 383,222 shares of the software maker’s stock valued at $1,652,000 after purchasing an additional 170,164 shares during the period. Institutional investors own 56.84% of the company’s stock.

Finjan Company Profile

Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats.

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