Filings Don’t Lie: Learn Why Van Den Berg Management I, Inc Just Purchased Avid Technology, Inc Stake?

Filings Don't Lie: Learn Why Van Den Berg Management I, Inc Just Purchased Avid Technology, Inc Stake?

The New Van Den Berg Management I, Inc Holding in Avid Technology, Inc

Van Den Berg Management I, Inc filed with the SEC SC 13G/A form for Avid Technology, Inc. The form can be accessed here: 000139834416020490. As reported in Van Den Berg Management I, Inc’s form, the filler as of late owns 3.33% or 1,327,801 shares of the Information Technology–company.

Avid Technology, Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Van Den Berg Management I, Inc’s positive view for the stock. For a institutional investor managing $2.04 billion in assets and having 41+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Avid Technology, Inc Institutional Sentiment

Latest Security and Exchange filings show 100 investors own Avid Technology, Inc. The institutional ownership in Q3 2015 is high, at 102.53% of the outstanding shares. This is increased by 7303706 the total institutional shares. 40825647 were the shares owned by these institutional investors. In total 18 funds opened new Avid Technology, Inc stakes, 34 increased stakes. There were 31 that closed positions and 33 reduced them.

2 managers had the stock in their top Ten. Notable investors are: Blum Capital Partners Lp..

J. Carlo Cannell Cannell Capital Llc is an institutional investor bullish on Avid Technology, Inc, owning 832254 shares as of Q3 2015 for 2.48% of its portfolio. Van Den Berg Management I Inc owns 2965028 shares or 3.03% of its portfolio. CA Blum Capital Partners Lp have 29.12% of their stock portfolio for 6875970 shares. Further, Central Square Management Llc reported stake worth 4.37% of its US stock portfolio. The NY Paradigm Capital Management Inc owns 1481200 shares. Avid Technology, Inc is 1.44% of the manager’s US portfolio.

Business Profile

Avid Technology, Inc. is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. The Company’s products are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communication departments, and by independent video and audio creative professionals, as well as aspiring professionals and enthusiasts. Projects produced using its products include feature films, television programs, live events, news broadcasts, commercials, music, video and other digital media content.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Van Den Berg Management I, Inc website.

Insitutional Activity: The institutional sentiment increased to 1.57 in Q2 2016. Its up 0.40, from 1.17 in 2016Q1. The ratio improved, as 8 funds sold all Avid Technology, Inc. shares owned while 20 reduced positions. 13 funds bought stakes while 31 increased positions. They now own 26.65 million shares or 21.23% less from 33.83 million shares in 2016Q1.

Creative Planning holds 151 shares or 0% of its portfolio. Art Advisors accumulated 0.01% or 19,993 shares. Gsa Cap Prns Limited Liability Partnership has invested 0.04% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). The Georgia-based Voya Inv Mngmt Ltd Liability has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). The Georgia-based Invesco has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Jnba Financial holds 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID) for 400 shares. Teachers Advsr owns 51,280 shares or 0% of their US portfolio. Tiaa Cref Mgmt Ltd Liability last reported 0% of its portfolio in the stock. Westport Res Mngmt has 250 shares for 0% of their US portfolio. Rhumbline Advisers holds 43,654 shares or 0% of its portfolio. Blackrock Advisors Limited Liability Corporation has invested 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Petrus Trust Lta reported 37,938 shares or 0.05% of all its holdings. Blackrock Fund Advisors, a California-based fund reported 838,857 shares. Jacobs Levy Equity Mngmt Inc holds 284,805 shares or 0.03% of its portfolio. Moreover, Blackrock has 0% invested in Avid Technology, Inc. (NASDAQ:AVID) for 21,754 shares.

Insider Transactions: Since May 10, 2016, the stock had 3 insider purchases, and 2 selling transactions for $4.41 million net activity. Shares for $1.35 million were sold by Frederick John W.. On Tuesday, May 17 HERNANDEZ LOUIS JR bought $411,951 worth of the stock or 69,000 shares. 10,000 Avid Technology, Inc. (NASDAQ:AVID) shares with value of $56,700 were bought by SIDI ILAN. Another trade for 16,500 shares valued at $101,492 was bought by BOGGS PAULA.

About 43,255 shares traded hands. Avid Technology, Inc. (NASDAQ:AVID) has risen 1.00% since April 7, 2016 and is uptrending. It has underperformed by 3.78% the S&P500.

Avid Technology, Inc. is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The company has a market cap of $231.98 million. The Firm develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. It has a 5.84 P/E ratio. The Company’s products are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communication departments, and by independent video and audio creative professionals, as well as aspiring professionals and enthusiasts.

Avid Technology, Inc. (NASDAQ:AVID) Ratings Coverage

Out of 3 analysts covering Avid Technology (NASDAQ:AVID), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $11 is the highest target while $8.50 is the lowest. The $9.75 average target is 63.32% above today’s ($5.97) stock price. Avid Technology has been the topic of 4 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Avid Technology, Inc. (NASDAQ:AVID) has “Buy” rating given on Wednesday, November 11 by BWS Financial. Singular Research initiated the shares of AVID in a report on Wednesday, December 9 with “Buy” rating. Dougherty & Company downgraded the shares of AVID in a report on Tuesday, August 11 to “Buy” rating.

Another recent and important Avid Technology, Inc. (NASDAQ:AVID) news was published by Fool.com which published an article titled: “Why Avid Technology, Inc. Stock Plummeted Tuesday” on August 11, 2015.

According to Zacks Investment Research, “Avid Technology, Inc. develops, markets, sells and supports a wide range of software and systems for creating and manipulating digital media content. Digital media are media elements, whether video or audio or graphics, in which the image, sound or picture is recorded and stored as digital values, as opposed to analog signals. The company’s systems are designed to improve the productivity of video and film editors by enabling them to edit moving pictures and sound in a faster, easier, and more cost-effective manner than traditional analog tape-based systems.”

AVID Company Profile

Avid Technology, Inc., incorporated on October 4, 1987, provides an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Firm develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. The Company’s products are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communication departments, and by independent video and audio creative professionals, as well as aspiring professionals and enthusiasts. Projects produced using its products include feature films, television programs, live events, news broadcasts, commercials, music, video and other digital media content.

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