Dimensional Fund Advisors LP Trims Position in Immersion Co. (IMMR)

Dimensional Fund Advisors LP decreased its holdings in Immersion Co. (NASDAQ:IMMR) by 68.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,056 shares of the software maker’s stock after selling 168,453 shares during the quarter. Dimensional Fund Advisors LP owned about 0.27% of Immersion worth $646,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IMMR. Voya Investment Management LLC raised its position in Immersion by 14.1% in the 2nd quarter. Voya Investment Management LLC now owns 20,218 shares of the software maker’s stock valued at $184,000 after purchasing an additional 2,501 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Immersion in the 2nd quarter valued at $232,000. The Manufacturers Life Insurance Company increased its stake in Immersion by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,835 shares of the software maker’s stock valued at $234,000 after buying an additional 1,929 shares during the period. Goldman Sachs Group Inc. increased its stake in Immersion by 4.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 36,404 shares of the software maker’s stock valued at $331,000 after buying an additional 1,621 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Immersion by 32.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 99,785 shares of the software maker’s stock valued at $906,000 after buying an additional 24,384 shares during the period. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Immersion Co. (NASDAQ:IMMR) opened at $9.76 on Monday. Immersion Co. has a 12 month low of $5.76 and a 12 month high of $11.85.

In related news, major shareholder Raging Capital Management, Llc purchased 326,366 shares of the stock in a transaction dated Friday, December 15th. The shares were acquired at an average cost of $6.58 per share, with a total value of $2,147,488.28. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have bought 1,432,482 shares of company stock worth $10,166,370. Corporate insiders own 7.22% of the company’s stock.

IMMR has been the topic of several recent research reports. Zacks Investment Research raised shares of Immersion from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. B. Riley reissued a “buy” rating and issued a $9.75 price objective on shares of Immersion in a research note on Monday, October 30th. ValuEngine cut shares of Immersion from a “sell” rating to a “strong sell” rating in a research note on Friday, November 17th. Finally, Craig Hallum raised shares of Immersion from a “hold” rating to a “buy” rating and boosted their price objective for the company from $8.00 to $12.00 in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Immersion currently has an average rating of “Buy” and a consensus target price of $11.75.

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Immersion Profile

Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.

Institutional Ownership by Quarter for Immersion (NASDAQ:IMMR)

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