Oppenheimer Asset Management Inc. Sells 3,922 Shares of Avid Technology, Inc. (AVID)

Oppenheimer Asset Management Inc. trimmed its position in Avid Technology, Inc. (OTCMKTS:AVID) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,590 shares of the technology company’s stock after selling 3,922 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.38% of Avid Technology worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Avid Technology by 1.5% in the first quarter. Vanguard Group Inc. now owns 2,373,218 shares of the technology company’s stock worth $11,059,000 after buying an additional 35,225 shares during the period. SG Americas Securities LLC purchased a new position in shares of Avid Technology in the first quarter worth $138,000. Paradigm Capital Management Inc. NY purchased a new position in shares of Avid Technology in the first quarter worth $908,000. Oxford Asset Management purchased a new position in shares of Avid Technology in the first quarter worth $367,000. Finally, Trexquant Investment LP purchased a new position in shares of Avid Technology in the first quarter worth $371,000.

A number of research analysts have issued reports on the stock. ValuEngine downgraded shares of Avid Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Zacks Investment Research downgraded shares of Avid Technology from a “buy” rating to a “hold” rating in a research report on Monday, May 29th.

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Avid Technology, Inc. (OTCMKTS AVID) opened at 4.31 on Wednesday. Avid Technology, Inc. has a 12 month low of $3.99 and a 12 month high of $8.18. The stock has a market capitalization of $177.27 million and a P/E ratio of 110.51. The firm’s 50-day moving average is $4.65 and its 200-day moving average is $5.01.

Avid Technology Profile

Avid Technology, Inc is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.

Institutional Ownership by Quarter for Avid Technology (OTCMKTS:AVID)

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