Royce & Associates LP Purchases 118,500 Shares of iPass Inc. (IPAS)

Royce & Associates LP increased its position in iPass Inc. (NASDAQ:IPAS) by 14.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 948,500 shares of the technology company’s stock after buying an additional 118,500 shares during the quarter. Royce & Associates LP owned 1.42% of iPass worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its stake in shares of iPass by 2.4% during the 2nd quarter. Northern Trust Corp now owns 130,999 shares of the technology company’s stock worth $173,000 after acquiring an additional 3,058 shares during the last quarter. Susquehanna International Group LLP acquired a new position in iPass in the 2nd quarter worth about $100,000. Sterling Capital Management LLC acquired a new position in iPass in the 2nd quarter worth about $228,000. Emancipation Management LLC acquired a new position in iPass in the 2nd quarter worth about $228,000. Finally, P.A.W. Capital Corp raised its holdings in iPass by 143.9% in the 3rd quarter. P.A.W. Capital Corp now owns 500,000 shares of the technology company’s stock worth $330,000 after purchasing an additional 295,000 shares during the period. Institutional investors own 26.58% of the company’s stock.

Shares of iPass Inc. (IPAS) opened at $0.55 on Friday. iPass Inc. has a 52 week low of $0.49 and a 52 week high of $1.70. The company has a market capitalization of $35.38, a P/E ratio of -2.04 and a beta of -0.35.

A number of research firms recently weighed in on IPAS. Maxim Group reaffirmed a “buy” rating and issued a $2.00 price target on shares of iPass in a report on Thursday, November 2nd. Zacks Investment Research raised iPass from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Finally, Aegis reduced their price target on iPass from $2.75 to $1.40 and set a “buy” rating for the company in a report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $2.28.

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iPass Profile

iPass Inc (iPass), is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud-based solution allowing its customers and their users’ access to its global Wi-Fi network to stay connected to the people and information.

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Institutional Ownership by Quarter for iPass (NASDAQ:IPAS)

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