Zacks Investment Research upgraded shares of Identiv (NASDAQ:INVE) from a sell rating to a hold rating in a research note issued to investors on Friday morning.
According to Zacks, “Identiv Inc. is a global security technology company. It provides trust solutions in the connected world, including premises, information and everyday items. The Company’s trust solutions are implemented using standards-driven products and technology, such as hardware, software, digital certificates, and mobility and cloud services. Its products are used in corporate employee identification cards, company email, information technology networks and facility access control, in national ID cards and passports, transport passes, banking and other uses. Identiv Group, Inc., formerly known as Identive Group, Inc., is headquartered in Fremont, California. “
Separately, ValuEngine cut Identiv from a hold rating to a sell rating in a research report on Thursday, October 26th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC purchased a new position in shares of Identiv during the second quarter worth about $111,000. Northern Trust Corp grew its holdings in shares of Identiv by 43.5% during the second quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock worth $123,000 after buying an additional 7,104 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Identiv by 64.3% during the third quarter. Essex Investment Management Co. LLC now owns 263,974 shares of the technology company’s stock worth $1,225,000 after buying an additional 103,294 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Identiv by 1.0% during the second quarter. Vanguard Group Inc. now owns 259,868 shares of the technology company’s stock worth $1,364,000 after buying an additional 2,476 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Identiv by 5.9% during the fourth quarter. Royce & Associates LP now owns 805,086 shares of the technology company’s stock worth $2,689,000 after buying an additional 45,000 shares during the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.
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Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.
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