Vanguard Group Inc. trimmed its stake in RealNetworks, Inc. (NASDAQ:RNWK) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 865,931 shares of the technology company’s stock after selling 9,389 shares during the period. Vanguard Group Inc. owned 2.33% of RealNetworks worth $3,750,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of RealNetworks by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 109,552 shares of the technology company’s stock worth $475,000 after acquiring an additional 612 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of RealNetworks by 3.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 38,991 shares of the technology company’s stock worth $189,000 after acquiring an additional 1,298 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of RealNetworks by 5.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 100,390 shares of the technology company’s stock worth $486,000 after acquiring an additional 4,788 shares in the last quarter. Teachers Advisors LLC raised its position in shares of RealNetworks by 21.6% in the 2nd quarter. Teachers Advisors LLC now owns 39,183 shares of the technology company’s stock worth $170,000 after acquiring an additional 6,956 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of RealNetworks by 19.1% in the 2nd quarter. Prudential Financial Inc. now owns 167,654 shares of the technology company’s stock worth $726,000 after acquiring an additional 26,900 shares in the last quarter. 51.93% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Michael Parham sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $4.47, for a total transaction of $31,290.00. Following the transaction, the senior vice president now directly owns 19,848 shares in the company, valued at approximately $88,720.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 37.90% of the stock is owned by insiders.
RealNetworks (NASDAQ:RNWK) last announced its earnings results on Wednesday, November 1st. The technology company reported ($0.11) earnings per share for the quarter. RealNetworks had a negative return on equity of 32.64% and a negative net margin of 21.67%. The business had revenue of $30.00 million for the quarter.
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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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