TiVo Corp (TIVO) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. lifted its position in TiVo Corp (NASDAQ:TIVO) by 117.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 75,100 shares of the technology company’s stock after acquiring an additional 40,500 shares during the period. Bessemer Group Inc.’s holdings in TiVo were worth $1,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TIVO. Amalgamated Bank boosted its position in shares of TiVo by 0.5% in the 2nd quarter. Amalgamated Bank now owns 15,847 shares of the technology company’s stock valued at $296,000 after purchasing an additional 85 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of TiVo by 17.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the technology company’s stock valued at $155,000 after purchasing an additional 1,239 shares during the period. New York State Common Retirement Fund boosted its position in shares of TiVo by 6.4% in the 2nd quarter. New York State Common Retirement Fund now owns 131,037 shares of the technology company’s stock valued at $2,444,000 after purchasing an additional 7,899 shares during the period. Northern Trust Corp boosted its position in shares of TiVo by 9.5% in the 2nd quarter. Northern Trust Corp now owns 2,258,542 shares of the technology company’s stock valued at $42,121,000 after purchasing an additional 195,644 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of TiVo by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 11,128,544 shares of the technology company’s stock valued at $207,547,000 after purchasing an additional 182,567 shares during the period. 90.10% of the stock is owned by hedge funds and other institutional investors.

Shares of TiVo Corp (TIVO) opened at $13.80 on Thursday. TiVo Corp has a 1 year low of $13.60 and a 1 year high of $21.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.33 and a current ratio of 2.38. The firm has a market capitalization of $1,690.00, a P/E ratio of -35.38, a price-to-earnings-growth ratio of 1.10 and a beta of -0.10.

A number of analysts recently issued reports on the company. Zacks Investment Research cut TiVo from a “hold” rating to a “strong sell” rating in a research report on Friday, January 5th. BWS Financial assumed coverage on TiVo in a research report on Monday, January 22nd. They issued a “buy” rating and a $25.00 target price for the company. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 target price on shares of TiVo in a research report on Friday, November 3rd. Finally, B. Riley decreased their target price on TiVo from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, December 4th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $23.20.

In related news, CEO Enrique Rodriguez acquired 55,974 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was bought at an average cost of $17.86 per share, with a total value of $999,695.64. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 3.57% of the stock is currently owned by company insiders.

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TiVo Profile

TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.

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Institutional Ownership by Quarter for TiVo (NASDAQ:TIVO)

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