California Public Employees Retirement System Raises Stock Position in TiVo Corp (NASDAQ:TIVO)

California Public Employees Retirement System increased its position in shares of TiVo Corp (NASDAQ:TIVO) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,819 shares of the technology company’s stock after purchasing an additional 2,833 shares during the period. California Public Employees Retirement System owned approximately 0.21% of TiVo worth $1,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TIVO. JPMorgan Chase & Co. increased its holdings in shares of TiVo by 442.3% during the second quarter. JPMorgan Chase & Co. now owns 5,157,221 shares of the technology company’s stock worth $37,028,000 after buying an additional 4,206,268 shares in the last quarter. Lapides Asset Management LLC bought a new stake in shares of TiVo in the 3rd quarter valued at $292,000. Rhumbline Advisers increased its position in shares of TiVo by 6.8% during the third quarter. Rhumbline Advisers now owns 401,965 shares of the technology company’s stock worth $3,061,000 after buying an additional 25,507 shares during the period. United Services Automobile Association increased its position in shares of TiVo by 23.2% during the second quarter. United Services Automobile Association now owns 44,872 shares of the technology company’s stock worth $331,000 after buying an additional 8,462 shares during the period. Finally, Commonwealth Bank of Australia raised its stake in TiVo by 82.9% during the second quarter. Commonwealth Bank of Australia now owns 36,400 shares of the technology company’s stock worth $268,000 after buying an additional 16,500 shares during the last quarter. 89.19% of the stock is currently owned by hedge funds and other institutional investors.

TIVO stock opened at $7.77 on Tuesday. The stock has a market capitalization of $989.08 million, a price-to-earnings ratio of 15.54 and a beta of 0.13. TiVo Corp has a 12-month low of $6.61 and a 12-month high of $11.78. The firm’s 50-day moving average price is $7.80 and its two-hundred day moving average price is $7.52. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

TiVo (NASDAQ:TIVO) last released its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.11). TiVo had a negative net margin of 71.94% and a positive return on equity of 2.04%. The company had revenue of $158.52 million during the quarter, compared to the consensus estimate of $149.68 million. Equities analysts predict that TiVo Corp will post 0.66 EPS for the current year.

TIVO has been the subject of several research analyst reports. BidaskClub downgraded shares of TiVo from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. B. Riley set a $19.00 target price on TiVo and gave the stock a “buy” rating in a research report on Friday, August 23rd. ValuEngine raised shares of TiVo from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research raised TiVo from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. TiVo currently has a consensus rating of “Buy” and an average price target of $14.25.

TiVo Company Profile

TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.

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Institutional Ownership by Quarter for TiVo (NASDAQ:TIVO)

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