First Trust Advisors LP lowered its stake in shares of AVG Technologies NV (NYSE:AVG) by 14.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 52,109 shares of the company’s stock after selling 8,669 shares during the period. First Trust Advisors LP owned 0.10% of AVG Technologies NV worth $990,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP boosted its stake in AVG Technologies NV by 139.2% in the second quarter. GSA Capital Partners LLP now owns 29,151 shares of the company’s stock worth $554,000 after buying an additional 16,966 shares during the last quarter. Cambridge Trust Co. acquired a new stake in AVG Technologies NV during the second quarter worth $190,000. California Public Employees Retirement System boosted its stake in AVG Technologies NV by 34.9% in the second quarter. California Public Employees Retirement System now owns 25,100 shares of the company’s stock worth $477,000 after buying an additional 6,500 shares during the last quarter. SG Americas Securities LLC boosted its stake in AVG Technologies NV by 324.3% in the second quarter. SG Americas Securities LLC now owns 24,837 shares of the company’s stock worth $472,000 after buying an additional 18,984 shares during the last quarter. Finally, Rothschild Asset Management Inc. boosted its stake in AVG Technologies NV by 16.3% in the second quarter. Rothschild Asset Management Inc. now owns 728,578 shares of the company’s stock worth $13,836,000 after buying an additional 102,111 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.
AVG Technologies NV (NYSE:AVG) traded up 0.08% during trading on Wednesday, hitting $25.02. The company’s stock had a trading volume of 188,909 shares. The company has a 50-day moving average of $24.90 and a 200 day moving average of $21.94. AVG Technologies NV has a one year low of $16.12 and a one year high of $25.06. The firm has a market cap of $1.27 billion, a PE ratio of 28.69 and a beta of 1.09.
AVG Technologies NV (NYSE:AVG) last released its quarterly earnings data on Monday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.01. AVG Technologies NV had a net margin of 10.63% and a return on equity of 73.18%. On average, equities analysts forecast that AVG Technologies NV will post $1.96 earnings per share for the current year.
A number of research firms have recently weighed in on AVG. Imperial Capital raised their price objective on AVG Technologies NV from $21.00 to $25.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 10th. TheStreet raised AVG Technologies NV from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. JMP Securities cut AVG Technologies NV from an “outperform” rating to a “market perform” rating and set a $25.00 price objective for the company. in a research report on Monday, August 1st. Nomura cut AVG Technologies NV from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $30.00 to $25.00 in a research report on Friday, July 8th. Finally, Dougherty & Co cut AVG Technologies NV from a “buy” rating to a “sell” rating in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.30.
AVG Technologies NV Company Profile
AVG Technologies N.V. (AVG) provides software and online services that deliver peace of mind to users by simplifying, optimizing and securing their Internet experiences. The Company is primarily engaged in the development and sale of online service solutions and Internet security software branded under the AVG name.
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