Dimensional Fund Advisors LP lessened its stake in shares of RealNetworks, Inc. (NASDAQ:RNWK) by 1.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,545,262 shares of the technology company’s stock after selling 43,429 shares during the period. Dimensional Fund Advisors LP owned about 6.86% of RealNetworks worth $11,021,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of RealNetworks by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,177,678 shares of the technology company’s stock valued at $5,700,000 after acquiring an additional 19,300 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of RealNetworks by 19.1% during the second quarter. Prudential Financial Inc. now owns 167,654 shares of the technology company’s stock valued at $726,000 after acquiring an additional 26,900 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of RealNetworks by 3.4% during the first quarter. Parametric Portfolio Associates LLC now owns 38,991 shares of the technology company’s stock valued at $189,000 after acquiring an additional 1,298 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of RealNetworks by 18.5% during the second quarter. New York State Common Retirement Fund now owns 785,611 shares of the technology company’s stock valued at $3,402,000 after acquiring an additional 122,399 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of RealNetworks by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 108,940 shares of the technology company’s stock valued at $528,000 after acquiring an additional 1,690 shares in the last quarter. 51.53% of the stock is owned by hedge funds and other institutional investors.
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Separately, B. Riley reaffirmed a “buy” rating and set a $6.50 price target on shares of RealNetworks in a research note on Sunday, July 23rd.
In related news, SVP Michael Parham sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $4.47, for a total value of $31,290.00. Following the completion of the transaction, the senior vice president now owns 19,848 shares of the company’s stock, valued at $88,720.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 37.90% of the company’s stock.
RealNetworks, Inc. (NASDAQ RNWK) opened at $4.03 on Thursday. RealNetworks, Inc. has a 12 month low of $3.90 and a 12 month high of $5.45.
RealNetworks (NASDAQ:RNWK) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.11) EPS for the quarter. The business had revenue of $30.00 million during the quarter. RealNetworks had a negative return on equity of 32.64% and a negative net margin of 21.67%.
RealNetworks Company Profile
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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