Schwab Charles Investment Management Inc. Boosts Stake in Avid Technology, Inc. (AVID)

Schwab Charles Investment Management Inc. lifted its position in Avid Technology, Inc. (OTCMKTS:AVID) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,881 shares of the technology company’s stock after purchasing an additional 551 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.23% of Avid Technology worth $489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in shares of Avid Technology by 11.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,518,584 shares of the technology company’s stock valued at $7,987,000 after acquiring an additional 159,938 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Avid Technology in the 1st quarter valued at about $133,000. AQR Capital Management LLC lifted its stake in shares of Avid Technology by 30.3% in the 1st quarter. AQR Capital Management LLC now owns 415,179 shares of the technology company’s stock valued at $1,934,000 after acquiring an additional 96,664 shares during the last quarter. Morgan Stanley lifted its stake in shares of Avid Technology by 44.8% in the 1st quarter. Morgan Stanley now owns 517,187 shares of the technology company’s stock valued at $2,410,000 after acquiring an additional 160,044 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Avid Technology by 16.4% in the 1st quarter. Geode Capital Management LLC now owns 268,460 shares of the technology company’s stock valued at $1,251,000 after acquiring an additional 37,868 shares during the last quarter.

Shares of Avid Technology, Inc. (OTCMKTS AVID) opened at $4.26 on Friday. Avid Technology, Inc. has a 52 week low of $3.99 and a 52 week high of $6.36.

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A number of research firms have recently weighed in on AVID. Zacks Investment Research raised Avid Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine lowered Avid Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

Avid Technology Company Profile

Avid Technology, Inc is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.

Institutional Ownership by Quarter for Avid Technology (OTCMKTS:AVID)

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