Intech Investment Management LLC Purchases 35,706 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Intech Investment Management LLC raised its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 120.8% in the fourth quarter, HoldingsChannel reports. The fund owned 65,256 shares of the company’s stock after acquiring an additional 35,706 shares during the period. Intech Investment Management LLC’s holdings in AvePoint were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP boosted its holdings in shares of AvePoint by 142.8% during the third quarter. Quantbot Technologies LP now owns 153,747 shares of the company’s stock worth $1,810,000 after acquiring an additional 90,413 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of AvePoint by 8.3% during the third quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company’s stock worth $824,000 after acquiring an additional 5,352 shares during the period. Walleye Capital LLC bought a new stake in shares of AvePoint during the third quarter worth approximately $2,970,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of AvePoint by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company’s stock worth $10,565,000 after acquiring an additional 63,323 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of AvePoint by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock worth $18,086,000 after acquiring an additional 184,361 shares during the period. Institutional investors own 44.49% of the company’s stock.

AvePoint Trading Down 0.1 %

Shares of AVPT stock opened at $15.05 on Friday. The stock has a 50 day simple moving average of $17.10 and a 200 day simple moving average of $15.52. AvePoint, Inc. has a 1 year low of $7.52 and a 1 year high of $19.90. The stock has a market cap of $3.04 billion, a P/E ratio of -300.94 and a beta of 1.11.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AVPT shares. Citigroup cut their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. William Blair reiterated an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.75.

AvePoint Profile

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.