Identiv (NASDAQ:INVE) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday.
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 note on Thursday, October 26th.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 valued at $1,364,000 after buying an additional 2,476 shares during the last quarter. Northern Trust Corp grew its stake 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 valued at $123,000 after buying an additional 7,104 shares during the last quarter. Sterling Capital Management LLC bought a new position in shares of Identiv during the second quarter valued at about $111,000. Manatuck Hill Partners LLC grew its stake in shares of Identiv by 170.0% during the second quarter. Manatuck Hill Partners LLC now owns 135,000 shares of the technology company’s stock valued at $709,000 after buying an additional 85,000 shares during the last quarter. Finally, Essex Investment Management Co. LLC grew its stake 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 valued at $1,225,000 after buying an additional 103,294 shares during the last quarter. 33.31% 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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