BlackRock Inc. Has $16.33 Million Position in ConvergeOne Holdings Inc (CVON)

BlackRock Inc. boosted its position in shares of ConvergeOne Holdings Inc (NASDAQ:CVON) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,319,197 shares of the company’s stock after purchasing an additional 57,931 shares during the quarter. BlackRock Inc. owned 1.73% of ConvergeOne worth $16,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Water Island Capital LLC acquired a new position in ConvergeOne during the fourth quarter valued at approximately $7,686,000. Gabelli Funds LLC acquired a new position in ConvergeOne during the fourth quarter valued at approximately $1,699,000. Kassirer Asset Management Corp acquired a new position in ConvergeOne during the fourth quarter valued at approximately $1,591,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in ConvergeOne during the fourth quarter valued at approximately $1,379,000. Finally, SG Americas Securities LLC acquired a new position in ConvergeOne during the fourth quarter valued at approximately $787,000. Hedge funds and other institutional investors own 22.70% of the company’s stock.

ConvergeOne stock opened at $12.44 on Wednesday. The company has a market capitalization of $950.42 million, a PE ratio of 32.74 and a beta of 0.45. ConvergeOne Holdings Inc has a twelve month low of $7.95 and a twelve month high of $12.75.

WARNING: “BlackRock Inc. Has $16.33 Million Position in ConvergeOne Holdings Inc (CVON)” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.com-unik.info/2019/04/17/blackrock-inc-has-16-33-million-position-in-convergeone-holdings-inc-cvon.html.

ConvergeOne Company Profile

ConvergeOne Holdings, Inc provides collaboration and technology solutions for large and medium enterprises in the United States. The company offers unified communications solutions, including communications applications, such as voice, email, presence, chat/text, and video technologies; voice and text messaging solutions; mobility and bring your own device solutions for business continuity with the seamless connection of mobile, landline, cellular, and Wi-Fi enabled devices; conferencing solutions, as well as streaming and recording, and security services; and software integration services.

Featured Story: The components of the Stochastic Momentum Index

Want to see what other hedge funds are holding CVON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConvergeOne Holdings Inc (NASDAQ:CVON).

Institutional Ownership by Quarter for ConvergeOne (NASDAQ:CVON)

Receive News & Ratings for ConvergeOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConvergeOne and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit