Acadian Asset Management LLC Decreases Stake in Finjan Holdings Inc (NASDAQ:FNJN)

Acadian Asset Management LLC lowered its stake in Finjan Holdings Inc (NASDAQ:FNJN) by 39.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 627,404 shares of the software maker’s stock after selling 403,006 shares during the period. Acadian Asset Management LLC owned 2.27% of Finjan worth $1,391,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FNJN. Shufro Rose & Co. LLC increased its stake in Finjan by 23.3% in the 2nd quarter. Shufro Rose & Co. LLC now owns 26,500 shares of the software maker’s stock valued at $59,000 after buying an additional 5,000 shares during the period. Deutsche Bank AG increased its stake in Finjan by 11.8% in the 4th quarter. Deutsche Bank AG now owns 38,501 shares of the software maker’s stock valued at $96,000 after buying an additional 4,077 shares during the period. B. Riley Financial Inc. acquired a new position in Finjan in the 1st quarter valued at approximately $147,000. O Shaughnessy Asset Management LLC increased its stake in Finjan by 34.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 60,044 shares of the software maker’s stock valued at $176,000 after buying an additional 15,282 shares during the period. Finally, Globeflex Capital L P increased its stake in Finjan by 12.1% in the 1st quarter. Globeflex Capital L P now owns 77,381 shares of the software maker’s stock valued at $227,000 after buying an additional 8,373 shares during the period. 54.44% of the stock is owned by institutional investors and hedge funds.

FNJN has been the topic of several research reports. ValuEngine upgraded shares of Finjan from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. TheStreet downgraded shares of Finjan from a “c+” rating to a “d+” rating in a research report on Friday, August 30th. B. Riley set a $5.00 target price on shares of Finjan and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Zacks Investment Research downgraded shares of Finjan from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $3.75.

Shares of NASDAQ:FNJN traded down $0.08 during midday trading on Friday, reaching $1.95. 300 shares of the company’s stock were exchanged, compared to its average volume of 49,675. The firm has a market capitalization of $48.34 million, a PE ratio of 2.77 and a beta of 0.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.74 and a current ratio of 4.74. The company’s 50 day simple moving average is $1.98 and its two-hundred day simple moving average is $2.53. Finjan Holdings Inc has a 12 month low of $1.71 and a 12 month high of $5.54.

Finjan (NASDAQ:FNJN) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.07) earnings per share for the quarter. The business had revenue of $7.25 million for the quarter, compared to analysts’ expectations of $7.25 million. On average, research analysts anticipate that Finjan Holdings Inc will post 0.2 earnings per share for the current year.

Finjan Company Profile

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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Institutional Ownership by Quarter for Finjan (NASDAQ:FNJN)

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