California State Teachers Retirement System Sells 22,628 Shares of TiVo Corporation (TIVO)

California State Teachers Retirement System lessened its holdings in TiVo Corporation (NASDAQ:TIVO) by 9.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,070 shares of the technology company’s stock after selling 22,628 shares during the period. California State Teachers Retirement System owned about 0.17% of TiVo Corporation worth $3,881,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TIVO. BlackRock Inc. raised its holdings in shares of TiVo Corporation by 62,480.7% during the first quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock worth $280,814,000 after acquiring an additional 14,952,875 shares in the last quarter. State Street Corp purchased a new stake in shares of TiVo Corporation during the first quarter worth $56,025,000. Denver Investment Advisors LLC raised its holdings in shares of TiVo Corporation by 275.5% during the second quarter. Denver Investment Advisors LLC now owns 1,724,867 shares of the technology company’s stock worth $32,168,000 after acquiring an additional 1,265,563 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of TiVo Corporation by 9.1% during the first quarter. Vanguard Group Inc. now owns 10,945,977 shares of the technology company’s stock worth $205,238,000 after acquiring an additional 910,594 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of TiVo Corporation by 422.1% during the second quarter. Teachers Advisors LLC now owns 1,076,095 shares of the technology company’s stock worth $20,069,000 after acquiring an additional 869,972 shares in the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $31.00 price objective on shares of TiVo Corporation in a report on Sunday, August 6th. ValuEngine lowered TiVo Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price objective on shares of TiVo Corporation in a report on Thursday, September 21st. Piper Jaffray Companies restated a “buy” rating and set a $25.00 target price on shares of TiVo Corporation in a report on Friday, November 3rd. Finally, Cowen and Company restated a “buy” rating and set a $30.00 target price on shares of TiVo Corporation in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $27.60.

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TiVo Corporation (NASDAQ TIVO) opened at $16.75 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 2.33 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2,056.61, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.35 and a beta of 0.10. TiVo Corporation has a 1-year low of $15.15 and a 1-year high of $22.00.

TiVo Corporation (NASDAQ:TIVO) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The business had revenue of $197.90 million during the quarter, compared to the consensus estimate of $190.83 million. TiVo Corporation had a positive return on equity of 4.72% and a negative net margin of 5.39%. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. equities research analysts anticipate that TiVo Corporation will post 1.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.30%. TiVo Corporation’s payout ratio is presently -184.62%.

In other news, EVP Pamela A. Sergeeff sold 3,147 shares of TiVo Corporation stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $62,940.00. Following the transaction, the executive vice president now directly owns 89,976 shares in the company, valued at $1,799,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dustin Finer sold 11,881 shares of TiVo Corporation stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $237,620.00. Following the completion of the transaction, the insider now owns 41,524 shares in the company, valued at $830,480. The disclosure for this sale can be found here. Insiders own 3.57% of the company’s stock.

TiVo Corporation 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.

Institutional Ownership by Quarter for TiVo Corporation (NASDAQ:TIVO)

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