Acadian Asset Management LLC boosted its holdings in Finjan Holdings Inc (NASDAQ:FNJN) by 103.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 999,277 shares of the software maker’s stock after acquiring an additional 506,963 shares during the period. Acadian Asset Management LLC owned 3.67% of Finjan worth $4,308,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of FNJN. Millennium Management LLC acquired a new stake in shares of Finjan during the 2nd quarter worth about $880,000. Dimensional Fund Advisors LP boosted its stake in shares of Finjan by 42.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 802,012 shares of the software maker’s stock worth $2,727,000 after purchasing an additional 237,555 shares during the last quarter. Equitec Proprietary Markets LLC boosted its stake in shares of Finjan by 133.2% during the 2nd quarter. Equitec Proprietary Markets LLC now owns 350,168 shares of the software maker’s stock worth $1,191,000 after purchasing an additional 200,000 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Finjan during the 1st quarter worth about $495,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Finjan during the 2nd quarter worth about $494,000. 54.66% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on FNJN. ValuEngine raised shares of Finjan from a “hold” rating to a “buy” rating in a research note on Monday, October 8th. TheStreet raised shares of Finjan from a “c+” rating to a “b-” rating in a research note on Tuesday, August 14th.
Finjan stock opened at $3.80 on Friday. Finjan Holdings Inc has a 12-month low of $1.69 and a 12-month high of $5.54. The stock has a market cap of $104.35 million, a price-to-earnings ratio of 10.86 and a beta of -0.29.
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Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats.
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