B. Riley Financial Inc. grew its position in Finjan Holdings, Inc. (NASDAQ:FNJN) by 24.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,063,351 shares of the software maker’s stock after acquiring an additional 399,032 shares during the quarter. Finjan accounts for about 1.3% of B. Riley Financial Inc.’s holdings, making the stock its 12th largest position. B. Riley Financial Inc. owned 7.45% of Finjan worth $4,849,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Finjan by 128.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 400,732 shares of the software maker’s stock worth $942,000 after acquiring an additional 225,251 shares during the period. Vanguard Group Inc. raised its holdings in shares of Finjan by 793.0% in the 2nd quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock worth $739,000 after buying an additional 199,987 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Finjan by 11.0% in the 1st quarter. Renaissance Technologies LLC now owns 135,700 shares of the software maker’s stock worth $236,000 after buying an additional 13,500 shares in the last quarter. Spark Investment Management LLC acquired a new position in shares of Finjan in the 2nd quarter worth approximately $427,000. Finally, Virtu KCG Holdings LLC raised its holdings in shares of Finjan by 1,010.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 114,332 shares of the software maker’s stock worth $375,000 after buying an additional 104,040 shares in the last quarter. Institutional investors own 34.09% of the company’s stock.
In other news, major shareholder Corp Bcpi sold 14,199 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $2.11, for a total value of $29,959.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 114,481 shares of company stock valued at $252,159. 9.64% of the stock is currently owned by insiders.
FNJN has been the subject of a number of recent research reports. B. Riley reissued a “buy” rating and issued a $4.00 target price on shares of Finjan in a report on Tuesday, November 21st. TheStreet cut Finjan from a “c” rating to a “d+” rating in a report on Monday, August 28th.
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Finjan Holdings, Inc, through its subsidiaries, operates as a cybersecurity company, provides intellectual property licensing and enforcement services. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, trojans, and other Web and network threats.
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