Avast Software BV disclosed that they own a 96.5% stake in AVG Technologies NV (NYSE:AVG) in a Form 13D/A disclosure that was filed with the SEC on Monday, October 17th. The investor owns 49,241,015 shares of the stock worth about $1,231,025,375. The reporting parties listed on the disclosure included Avast Software BV and Avast Holding BV. The disclosure is available through Edgar at this link.
Several other institutional investors also recently bought and sold shares of AVG. Royce & Associates LP increased its stake in AVG Technologies NV by 79.2% in the second quarter. Royce & Associates LP now owns 423,150 shares of the company’s stock worth $8,036,000 after buying an additional 187,000 shares in the last quarter. Prudential Financial Inc. increased its stake in AVG Technologies NV by 83.1% in the first quarter. Prudential Financial Inc. now owns 381,450 shares of the company’s stock worth $7,915,000 after buying an additional 173,080 shares in the last quarter. Penserra Capital Management LLC increased its stake in AVG Technologies NV by 10.4% in the second quarter. Penserra Capital Management LLC now owns 1,530,429 shares of the company’s stock worth $29,063,000 after buying an additional 143,786 shares in the last quarter. Henderson Group PLC purchased a new stake in AVG Technologies NV during the second quarter worth about $2,670,000. Finally, Thompson Siegel & Walmsley LLC increased its stake in AVG Technologies NV by 9.2% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,565,414 shares of the company’s stock worth $29,728,000 after buying an additional 132,114 shares in the last quarter. 85.15% of the stock is owned by hedge funds and other institutional investors.
AVG Technologies NV (NYSE:AVG) traded up 0.20% on Monday, reaching $25.00. The company’s stock had a trading volume of 210,128 shares. AVG Technologies NV has a 12-month low of $16.12 and a 12-month high of $25.10. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 28.67 and a beta of 1.09. The firm has a 50-day moving average of $24.93 and a 200 day moving average of $22.19.
AVG Technologies NV (NYSE:AVG) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.01. AVG Technologies NV had a return on equity of 73.18% and a net margin of 10.63%. On average, equities research analysts anticipate that AVG Technologies NV will post $1.95 EPS for the current fiscal year.
A number of research analysts recently issued reports on AVG shares. Nomura downgraded AVG Technologies NV from a “buy” rating to a “neutral” rating and cut their price objective for the company from $30.00 to $25.00 in a research note on Friday, July 8th. TheStreet upgraded AVG Technologies NV from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. Imperial Capital boosted their price objective on AVG Technologies NV from $21.00 to $25.00 and gave the company an “in-line” rating in a research note on Wednesday, August 10th. JMP Securities downgraded AVG Technologies NV from an “outperform” rating to a “market perform” rating and set a $25.00 price objective for the company. in a research note on Monday, August 1st. Finally, Dougherty & Co downgraded AVG Technologies NV from a “buy” rating to a “sell” rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.30.
About AVG Technologies NV
AVG Technologies N.V. provides software and online services. The Company operates through two segments: Consumer and small and medium sized business (SMB). Its product portfolio includes AVG Anti-Virus FREE, AVG Anti-Virus, AVG Internet Security, AVG Protection FREE suite, AVG Protection PRO suite, AVG Performance suite, Gallery, AVG Cleaner for Mac, AVG Driver Updater, AVG Web TuneUp, Alarm Clock Xtreme FREE + Timer, AVG Cleaner-Xperia and HideMyPhone, among others.
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