According to the most recent filing that Assenagon Asset Management S.A. made with the Securities and Exchange Commission in the form of a Form 13F, the company’s holdings in Mitek Systems, Inc. (NASDAQ: MITK) were reduced by 83.1% in the third quarter. The institutional investor owned 11,347 shares of the company’s stock after selling 55,657 shares of the software manufacturer’s stock throughout the period in question. The value of Assenagon Asset Management S.A. holdings in Mitek Systems as of the end of the most recent reporting period was $104,000.
During the most recent few months, the company’s stocks have been actively traded between various hedge funds. Citigroup Inc. increased the amount of Mitek Systems stock owned by 2.9% during the first quarter of the fiscal year. Following the acquisition of 7,162 additional shares during the most recent fiscal quarter, Citigroup Inc. now has 255,825 software maker’s stock in its portfolio. There is a value of $3,752,000 attached to these shares. During the first three months of this year, the Bank of Montreal increased the percentage of Mitek Systems shares it owned by 1.7%. After purchasing 7,058 shares of the software developer’s stock during the most recent quarter, Bank of Montreal now has 412,568 shares of the company’s stock in its possession. The price of one share of stock is currently $6,255,000. During the first three months of 2018, MetLife Investment Management LLC increased the total number of Mitek Systems shares by 54.5 percent. Following the acquisition of an additional 8,255 shares during the most recent quarter, MetLife Investment Management LLC now holds 23,402 shares of the common stock of the software developer. MetLife Investment Management LLC’s holdings in this stock have increased to $343,000 from a previous value of $22,020. During the first three months of the current fiscal year, Federated Hermes, Inc. increased the percentage of Mitek Systems stock owned by 41.5%. After purchasing an additional 53,033 shares during the most recent quarter, Federated Hermes Inc. now owns 180,972 shares of the software manufacturer’s stock, with a combined value of $2,655,000. This brings the total number of shares directly owned by the company to 180,972. And finally, during the first three months of this year, Toronado Partners LLC increased its holdings in Mitek Systems by 6.7% by purchasing additional company shares. After making an additional purchase of 164,284 shares during the most recent quarter, Toronado Partners LLC now owns a total of 2,606,759 of the software developer’s shares, which gives the company a stock market value of $38,241,000. Hedge funds and other types of institutional investors hold a total of 69.96% of the company’s market capitalization.
Thursday was the first-day MITK was available for trading, and the opening price was $9.82. The moving average for the stock over the past 50 days is $10.31, and the moving average for the past 200 days is also $10.24. The ratio of debt to equity is currently at 0.71, the ratio of current assets to quick assets is also 2.56, and the ratio of long-term assets to short-term assets is also