Balter Liquid Alternatives LLC Buys 36,251 Shares of Brightcove Inc (BCOV)

Balter Liquid Alternatives LLC increased its stake in shares of Brightcove Inc (NASDAQ:BCOV) by 31.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,967 shares of the software maker’s stock after buying an additional 36,251 shares during the quarter. Brightcove accounts for 1.1% of Balter Liquid Alternatives LLC’s investment portfolio, making the stock its 20th largest holding. Balter Liquid Alternatives LLC owned 0.44% of Brightcove worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. California State Teachers Retirement System grew its holdings in Brightcove by 1.9% during the second quarter. California State Teachers Retirement System now owns 60,125 shares of the software maker’s stock worth $373,000 after buying an additional 1,100 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Brightcove by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 168,641 shares of the software maker’s stock worth $1,046,000 after buying an additional 2,098 shares in the last quarter. Rhumbline Advisers grew its holdings in Brightcove by 6.9% during the second quarter. Rhumbline Advisers now owns 37,181 shares of the software maker’s stock worth $231,000 after buying an additional 2,408 shares in the last quarter. Voya Investment Management LLC grew its holdings in Brightcove by 18.8% during the second quarter. Voya Investment Management LLC now owns 21,932 shares of the software maker’s stock worth $136,000 after buying an additional 3,465 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Brightcove by 30.2% during the second quarter. Dimensional Fund Advisors LP now owns 16,234 shares of the software maker’s stock worth $101,000 after buying an additional 3,764 shares in the last quarter. Institutional investors and hedge funds own 62.75% of the company’s stock.

Brightcove Inc (BCOV) opened at $6.75 on Friday. Brightcove Inc has a 1 year low of $5.40 and a 1 year high of $9.30. The firm has a market capitalization of $232.04, a price-to-earnings ratio of -10.23 and a beta of 1.86.

Several research analysts have weighed in on the company. Northland Securities raised Brightcove from a “market perform” rating to an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research cut Brightcove from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Stifel Nicolaus boosted their price objective on Brightcove from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, B. Riley reissued a “hold” rating and issued a $7.25 price objective on shares of Brightcove in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Brightcove has an average rating of “Hold” and an average price target of $8.44.

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Brightcove Profile

Brightcove Inc is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.

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Institutional Ownership by Quarter for Brightcove (NASDAQ:BCOV)

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