Legato Capital Management LLC Has $441,000 Stock Holdings in Identiv, Inc. (NASDAQ:INVE)

Legato Capital Management LLC trimmed its position in Identiv, Inc. (NASDAQ:INVE) by 23.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 120,568 shares of the technology company’s stock after selling 36,331 shares during the period. Legato Capital Management LLC owned 0.50% of Identiv worth $441,000 as of its most recent filing with the SEC.

Separately, Jacobs Levy Equity Management Inc. bought a new position in shares of Identiv in the 3rd quarter valued at $228,000. 65.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Identiv from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Identiv Stock Performance

Shares of INVE opened at $3.51 on Friday. Identiv, Inc. has a 52 week low of $2.95 and a 52 week high of $9.24. The stock has a market capitalization of $83.85 million, a price-to-earnings ratio of 1.15 and a beta of 1.34. The stock has a fifty day moving average of $3.70 and a 200-day moving average of $3.63.

Identiv declared that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 11.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

About Identiv

Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.