Virtu Financial LLC purchased a new position in shares of Rosetta Stone Inc (NYSE:RST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,843 shares of the software maker’s stock, valued at approximately $322,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Rosetta Stone by 882.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,143 shares of the software maker’s stock worth $126,000 after purchasing an additional 10,907 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of Rosetta Stone during the 2nd quarter worth about $146,000. Tower Research Capital LLC TRC raised its position in shares of Rosetta Stone by 252.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,063 shares of the software maker’s stock worth $150,000 after purchasing an additional 8,638 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Rosetta Stone by 134.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,472 shares of the software maker’s stock worth $180,000 after purchasing an additional 8,289 shares during the last quarter. Finally, Alambic Investment Management L.P. acquired a new position in shares of Rosetta Stone during the 4th quarter worth about $247,000. Hedge funds and other institutional investors own 71.19% of the company’s stock.
Several research analysts recently weighed in on RST shares. ValuEngine upgraded shares of Rosetta Stone from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Barrington Research restated an “outperform” rating and set a $17.00 price target (up previously from $15.00) on shares of Rosetta Stone in a research report on Thursday, March 8th. Finally, Zacks Investment Research downgraded shares of Rosetta Stone from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.
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About Rosetta Stone
Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.
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