Gradient Investments LLC raised its stake in shares of Datawatch Co. (NASDAQ:DWCH) by 25.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,090 shares of the technology company’s stock after purchasing an additional 21,490 shares during the period. Gradient Investments LLC owned 0.84% of Datawatch worth $1,248,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of DWCH. Russell Investments Group Ltd. purchased a new position in Datawatch during the second quarter valued at $163,000. Northern Trust Corp lifted its holdings in Datawatch by 24.4% during the first quarter. Northern Trust Corp now owns 32,561 shares of the technology company’s stock valued at $282,000 after purchasing an additional 6,391 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Datawatch by 26.3% during the second quarter. Bank of New York Mellon Corp now owns 69,974 shares of the technology company’s stock valued at $665,000 after purchasing an additional 14,573 shares in the last quarter. Wasatch Advisors Inc. purchased a new position in Datawatch during the second quarter valued at $2,289,000. Finally, BlackRock Inc. lifted its holdings in Datawatch by 1.3% during the second quarter. BlackRock Inc. now owns 314,509 shares of the technology company’s stock valued at $2,988,000 after purchasing an additional 3,955 shares in the last quarter. 37.79% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the stock. ValuEngine downgraded shares of Datawatch from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. National Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Datawatch in a report on Thursday, July 19th. EuroPacific Canada assumed coverage on shares of Datawatch in a report on Wednesday, July 25th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, TheStreet downgraded shares of Datawatch from a “c” rating to a “d+” rating in a report on Friday, July 20th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $16.75.
Shares of NASDAQ DWCH opened at $9.80 on Friday. The stock has a market capitalization of $148.34 million, a PE ratio of -89.09 and a beta of 1.45. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.25. Datawatch Co. has a 52 week low of $7.70 and a 52 week high of $14.20.
Datawatch (NASDAQ:DWCH) last issued its earnings results on Wednesday, July 18th. The technology company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.12. The business had revenue of $11.10 million during the quarter, compared to analysts’ expectations of $11.81 million. Datawatch had a negative net margin of 21.61% and a negative return on equity of 0.34%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 earnings per share. As a group, equities research analysts predict that Datawatch Co. will post -0.13 EPS for the current fiscal year.
Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. Its software solutions allow organizations to access, analyze, and visualize their information.
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