Schwab Charles Investment Management Inc. boosted its holdings in RealNetworks Inc (NASDAQ:RNWK) by 80.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,855 shares of the technology company’s stock after buying an additional 42,680 shares during the period. Schwab Charles Investment Management Inc. owned 0.26% of RealNetworks worth $328,000 at the end of the most recent reporting period.
Separately, Northern Trust Corp boosted its stake in RealNetworks by 18.0% in the 2nd quarter. Northern Trust Corp now owns 291,171 shares of the technology company’s stock worth $1,260,000 after buying an additional 44,387 shares during the last quarter. 52.64% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine raised RealNetworks from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st.
Shares of NASDAQ:RNWK opened at $3.06 on Monday. RealNetworks Inc has a 12-month low of $2.63 and a 12-month high of $5.00.
RealNetworks (NASDAQ:RNWK) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.11) earnings per share for the quarter. The firm had revenue of $18.87 million during the quarter. RealNetworks had a negative net margin of 14.49% and a negative return on equity of 26.17%.
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RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.
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