Filing Worth Mentioning Today: Learn Why Dolby Dagmar Just Purchased Dolby Laboratories, Inc Stake?

Filing Worth Mentioning Today: Learn Why Dolby Dagmar Just Purchased Dolby Laboratories, Inc Stake?

The New Dolby Dagmar Holding in Dolby Laboratories, Inc

Dolby Dagmar filed with the SEC SC 13D/A form for Dolby Laboratories, Inc. The form can be accessed here: 000119312516761757. As reported in Dolby Dagmar’s form, the filler as of late owns 46.5% or 22,374,496 shares of the Information Technology–company.

Dolby Laboratories, Inc stake is a new one for the and it was filed because of activity on November 3, 2016. We feel this shows Dolby Dagmar’s positive view for the stock.

Reasons Why Dolby Dagmar Bought – Dolby Laboratories, Inc Stock

Purpose of Transaction

Item4 of the Statement is amended by adding the followingparagraphs at the end thereof:

On October12, 2016, the Dolby Family Fund, a California nonprofit public benefit corporation ofwhich Dagmar Dolby serves as the President and sole director, gifted 18,500 shares of Class A Common Stock to an unaffiliated third-party charity (such gift, the “Dolby Family Fund October 2016 Gift”).

On November3, 2016, (i) the Family LLC distributed 730,000 shares of Class B Common Stock to each of its two members, which are Dolbyfamily trusts of which Dagmar Dolby serves as the trustee, and (ii) each such member of the Family LLC transferred all such shares to the Dagmar Dolby Trust. All such shares were acquired by the Dagmar Dolby Trust in good faith in connection with adebt previously contracted (such share transfers, collectively, the “Dagmar Dolby Trust 2016 Debt Settlement”).

Also onNovember3, 2016, (i) the Family LLC distributed 520,000 shares of Class B Common Stock to each of its two members, (ii) each such member of the Family LLC transferred all such shares to the Dagmar Dolby Trust, (iii) the Dagmar Dolby Trusttransferred 520,000 shares of Class B Common Stock back to each such member of the Family LLC, and (iv) each such member of the Family LLC contributed all such shares to the Family LLC (such share transfers, the “Family LLC/Dagmar DolbyTrust 2016 Share Transfers”). All of the Family LLC/Dagmar Dolby Trust 2016 Share Transfers were made for tax and estate planning purposes and for no value, and no Reporting Person received any funds or other consideration in exchange forany such share transfers.

Between September 21, 2016 and October 11, 2016, the Dagmar Dolby Fund, a California nonprofit public benefitcorporation of which Dagmar Dolby serves as one of three directors, gifted an aggregate of 195,000 shares of Class A Common Stock to an unaffiliated third-party charity (such gifts, the “Dagmar Dolby Fund September/October 2016Gifts”). Additionally, on November3, 2016, the Dagmar Dolby Trust (i) converted 330,000 shares of Class B Common Stock into the same number of shares of Class A Common Stock, and (ii) gifted all such shares of Class A Common Stock tothe Dagmar Dolby Fund (such transactions, the “Dagmar Dolby Trust/Dagmar Dolby Fund November 2016 Gift”).

Dolby Laboratories, Inc Institutional Sentiment

Latest Security and Exchange filings show 197 investors own Dolby Laboratories, Inc. The institutional ownership in Q3 2015 is high, at 98.62% of the outstanding shares. This is increased by 6966405 the total institutional shares. 54221441 were the shares owned by these institutional investors. In total 29 funds opened new Dolby Laboratories, Inc stakes, 75 increased stakes. There were 21 that closed positions and 68 reduced them.

7 managers had the stock in their top Ten. Notable investors are: Price Michael F, Nantahala Capital Management Llc, Diversified Investment Strategies Llc, Cantab Capital Partners Llp..

Msf Capital Llc is an institutional investor bullish on Dolby Laboratories, Inc, owning 272310 shares as of Q3 2015 for 2.28% of its portfolio. Lapides Asset Management Llc owns 249900 shares or 1.40% of its portfolio. CO Independence Capital Asset Partners Llc have 2.88% of their stock portfolio for 63079 shares. Further, Karp Capital Management Corp reported stake worth 0.01% of its US stock portfolio. The CA First Republic Investment Management Inc owns 8147 shares. Dolby Laboratories, Inc is less than 0.01% of the manager’s US portfolio.

Business Profile

Dolby Laboratories, Inc. creates audio, imaging and communication technologies that transform entertainment and communications at the cinema, home, work and on mobile devices. The Company offers digital signal processing and compression technologies. Its technologies enable the development of the audio technologies for the cinema, home entertainment, mobile and gaming experiences. It also provides products and services that enable content creators and distributors to produce, encode, transmit and playback content. It also develops applications for voice conferencing, as well as imaging solutions that enable high dynamic range imaging (HDR) picture quality in televisions and cinemas. It offers a range of services to support theatrical and television production for cinema exhibition, broadcast and home entertainment. It offers assistance in equipment calibration, mixing room alignment, equalization, as well as color and light image calibration.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.43 in Q2 2016. Its up 0.38, from 1.05 in 2016Q1. The ratio increased, as 12 funds sold all Dolby Laboratories, Inc. shares owned while 70 reduced positions. 48 funds bought stakes while 69 increased positions. They now own 49.19 million shares or 1.59% less from 49.98 million shares in 2016Q1.

Checchi Capital Advisers Limited Co holds 187 shares or 0% of its portfolio. Campbell Investment Adviser Llc accumulated 4,842 shares or 1.17% of the stock. American Incorporated last reported 29,198 shares in the company. Polar Capital Limited Liability Partnership owns 565,762 shares or 0.51% of their US portfolio. Moreover, Ameriprise Financial has 0% invested in Dolby Laboratories, Inc. (NYSE:DLB) for 63,876 shares. Moreover, Advisory Net Limited Liability Corp has 0% invested in Dolby Laboratories, Inc. (NYSE:DLB) for 58 shares. M&T Bank Corporation holds 8,464 shares or 0% of its portfolio. Blackrock Grp Ltd accumulated 53,492 shares or 0% of the stock. Henderson Gp Public Limited Company holds 197,980 shares or 0.08% of its portfolio. Pine River Cap Mgmt Ltd Partnership last reported 25,959 shares in the company. Aperio Gp Ltd Liability Corporation holds 24,124 shares or 0.01% of its portfolio. Citigroup has invested 0% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB). Cibc World Markets Inc holds 0.01% or 47,029 shares in its portfolio. Kj Harrison Prtn, a Ontario – Canada-based fund reported 10,000 shares. Raymond James Inc holds 0% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB) for 7,785 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 31 selling transactions for $90.21 million net activity. On Thursday, September 8 the insider Dolby Dagmar sold $4.89 million. 38,979 shares were sold by Forshay Steven E, worth $1.95M on Monday, August 1. 6,152 shares were sold by SHERMAN MARK ANDREW, worth $304,629 on Wednesday, August 10. Borchers Bob also sold $432,277 worth of Dolby Laboratories, Inc. (NYSE:DLB) on Monday, August 1. The insider CHEW LEWIS sold 12,000 shares worth $597,480. YEAMAN KEVIN J sold $162,773 worth of stock or 3,287 shares. $1.43 million worth of Dolby Laboratories, Inc. (NYSE:DLB) was sold by GOTCHER PETER C.

About 590,571 shares traded hands. Dolby Laboratories, Inc. (NYSE:DLB) has risen 4.92% since April 5, 2016 and is uptrending. It has outperformed by 2.96% the S&P500.

Dolby Laboratories, Inc. creates audio, imaging and communication technologies that transform entertainment and communications at the cinema, home, work and on mobile devices. The company has a market cap of $4.71 billion. The Firm offers digital signal processing and compression technologies. It has a 25.86 P/E ratio. The Company’s technologies enable the development of the audio technologies for the cinema, home entertainment, mobile and gaming experiences.

Dolby Laboratories, Inc. (NYSE:DLB) Ratings Coverage

Out of 3 analysts covering Dolby Laboratories (NYSE:DLB), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $54 is the highest target while $38 is the lowest. The $45.67 average target is -2.87% below today’s ($47.02) stock price. Dolby Laboratories has been the topic of 4 analyst reports since October 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan to “Neutral” on Friday, April 8. The stock has “Buy” rating given by Dougherty & Company on Thursday, April 28. The stock has “Buy” rating given by Dougherty & Company on Thursday, January 28. B. Riley & Co maintained it with “Neutral” rating and $41 target price in Thursday, October 22 report.

More notable recent Dolby Laboratories, Inc. (NYSE:DLB) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Intel, Apple, and Dolby Laboratories” on November 01, 2016, also Fool.com with their article: “Why Dolby Laboratories, Inc. Stock Rose 14%” published on April 28, 2016, Fool.com published: “Dolby Laboratories, Inc. Serves Up a Mix” on October 24, 2015. More interesting news about Dolby Laboratories, Inc. (NYSE:DLB) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Oaktree Capital Group, Apple and Dolby Laboratories” published on August 02, 2016 as well as Businesswire.com‘s news article titled: “Dolby Laboratories and LG Electronics Announce LG Premium TV Lineup Enabled …” with publication date: January 05, 2016.

According to Zacks Investment Research, “Dolby Laboratories creates audio, imaging, and voice technologies that transform entertainment and communications at the cinema, at home, at work and on mobile devices.”

DLB Company Profile

Dolby Laboratories, Inc., incorporated on September 1, 2004, creates audio, imaging and communication technologies that transform entertainment and communications at the cinema, home, work and on mobile devices. The Firm offers a range of digital signal processing and compression technologies. The Company’s technologies enable the development of the audio technologies for the cinema, home entertainment, mobile and gaming experiences. It also provides services and products that enable content creators and distributors to produce, encode, transmit and playback content. It is also engaged in developing applications for voice conferencing, as well as imaging solutions that enable high dynamic range imaging (HDR) picture quality in televisions and cinemas.

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