Intech Investment Management LLC Has $1.08 Million Stake in AvePoint, Inc. (NASDAQ:AVPT)

Intech Investment Management LLC raised its position in AvePoint, Inc. (NASDAQ:AVPT) by 120.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,256 shares of the company’s stock after purchasing an additional 35,706 shares during the quarter. Intech Investment Management LLC’s holdings in AvePoint were worth $1,077,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of AvePoint in the fourth quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of AvePoint in the fourth quarter valued at about $29,000. National Bank of Canada FI acquired a new stake in shares of AvePoint in the third quarter valued at about $29,000. R Squared Ltd acquired a new stake in shares of AvePoint in the fourth quarter valued at about $45,000. Finally, Principal Securities Inc. increased its position in shares of AvePoint by 12,961.9% in the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock valued at $45,000 after acquiring an additional 2,722 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

Analysts Set New Price Targets

AVPT has been the topic of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup lowered their target price on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, AvePoint has an average rating of “Moderate Buy” and a consensus target price of $15.75.

AvePoint Stock Down 0.1 %

Shares of NASDAQ AVPT opened at $15.05 on Friday. The business’s 50 day moving average price is $17.10 and its two-hundred day moving average price is $15.52. The company has a market cap of $3.04 billion, a PE ratio of -300.94 and a beta of 1.11. AvePoint, Inc. has a twelve month low of $7.52 and a twelve month high of $19.90.

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.