Bank of New York Mellon Corp increased its holdings in shares of RealNetworks, Inc. (NASDAQ:RNWK) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,552 shares of the technology company’s stock after purchasing an additional 612 shares during the quarter. Bank of New York Mellon Corp owned 0.30% of RealNetworks worth $475,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its position in shares of RealNetworks by 5.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 100,390 shares of the technology company’s stock worth $486,000 after purchasing an additional 4,788 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of RealNetworks by 1.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,177,678 shares of the technology company’s stock worth $5,700,000 after purchasing an additional 19,300 shares during the last quarter. Prudential Financial Inc. increased its position in shares of RealNetworks by 10.6% during the 1st quarter. Prudential Financial Inc. now owns 140,754 shares of the technology company’s stock worth $681,000 after purchasing an additional 13,500 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of RealNetworks by 3.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 38,991 shares of the technology company’s stock worth $189,000 after purchasing an additional 1,298 shares during the last quarter. 51.70% of the stock is owned by hedge funds and other institutional investors.
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Shares of RealNetworks, Inc. (NASDAQ RNWK) opened at 4.77 on Tuesday. RealNetworks, Inc. has a 12 month low of $3.90 and a 12 month high of $5.45. The firm’s market capitalization is $177.45 million. The company’s 50 day moving average price is $4.76 and its 200-day moving average price is $4.41.
RealNetworks (NASDAQ:RNWK) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.12. The firm had revenue of $33.11 million during the quarter, compared to analyst estimates of $30.63 million. RealNetworks had a negative return on equity of 36.41% and a negative net margin of 20.48%. During the same period in the prior year, the firm posted ($0.09) earnings per share. On average, equities analysts predict that RealNetworks, Inc. will post ($0.82) earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $6.50 price objective on shares of RealNetworks in a research report on Sunday, July 23rd. Zacks Investment Research raised RealNetworks from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th.
RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.
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