New York Life Investment Management LLC bought a new stake in shares of Mitek Systems, Inc. (NASDAQ:MITK – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 50,097 shares of the software maker’s stock, valued at approximately $480,000. New York Life Investment Management LLC owned about 0.11% of Mitek Systems as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Wisconsin Capital Management LLC boosted its position in shares of Mitek Systems by 5.0% during the first quarter. Wisconsin Capital Management LLC now owns 290,550 shares of the software maker’s stock valued at $2,786,000 after buying an additional 13,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Mitek Systems by 28.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,916 shares of the software maker’s stock valued at $77,000 after buying an additional 1,757 shares during the last quarter. Jump Financial LLC boosted its position in shares of Mitek Systems by 28.3% during the first quarter. Jump Financial LLC now owns 23,100 shares of the software maker’s stock valued at $222,000 after buying an additional 5,100 shares during the last quarter. Blue Grotto Capital LLC boosted its position in shares of Mitek Systems by 7.8% during the fourth quarter. Blue Grotto Capital LLC now owns 4,076,219 shares of the software maker’s stock valued at $39,499,000 after buying an additional 295,360 shares during the last quarter. Finally, B. Riley Asset Management LLC boosted its position in shares of Mitek Systems by 26.8% during the fourth quarter. B. Riley Asset Management LLC now owns 417,933 shares of the software maker’s stock valued at $4,050,000 after buying an additional 88,285 shares during the last quarter. Hedge funds and other institutional investors own 71.31% of the company’s stock.
Mitek Systems Trading Up 5.7 %
MITK stock opened at $12.34 on Wednesday. The stock’s fifty day simple moving average is $10.89 and its two-hundred day simple moving average is $9.97. Mitek Systems, Inc. has a 1-year low of $8.60 and a 1-year high of $12.66. The stock has a market cap of $561.59 million, a P/E ratio of 154.27 and a beta of 0.77.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Mitek Systems in a research report on Saturday, July 8th. They set a “buy” rating on the stock.
Get Our Latest Research Report on Mitek Systems
Mitek Systems Profile
Mitek Systems, Inc provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion.
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