True Bearing Asset Management Lp Lowers stake in Avid Technology (AVID)

Avid Technology (AVID) : True Bearing Asset Management Lp reduced its stake in Avid Technology by 1.44% during the most recent quarter end. The investment management company now holds a total of 103,486 shares of Avid Technology which is valued at $915,851 after selling 1,510 shares in Avid Technology , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Avid Technology makes up approximately 2.21% of True Bearing Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Grt Capital Partners L.l.c. added AVID to its portfolio by purchasing 57,000 company shares during the most recent quarter which is valued at $504,450. Avid Technology makes up approx 0.12% of Grt Capital Partners L.l.c.’s portfolio.Teachers Advisors Inc boosted its stake in AVID in the latest quarter, The investment management firm added 5,094 additional shares and now holds a total of 51,280 shares of Avid Technology which is valued at $453,828.Tower Research Capital (trc) boosted its stake in AVID in the latest quarter, The investment management firm added 888 additional shares and now holds a total of 1,121 shares of Avid Technology which is valued at $9,921. Oxford Asset Management added AVID to its portfolio by purchasing 162,355 company shares during the most recent quarter which is valued at $1,410,865. Avid Technology makes up approx 0.06% of Oxford Asset Management’s portfolio.

Avid Technology closed down -0.25 points or -2.85% at $8.53 with 840,718 shares getting traded on Wednesday. Post opening the session at $8.76, the shares hit an intraday low of $8.15 and an intraday high of $8.77 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Avid Technology Inc. is an open and integrated technology platform along with applications and services that enable the creation distribution and monetization of audio and video content. The Company develops markets sells and supports software and hardware for digital media content production management secured content storage and distribution. The Company’s professional video creative software and hardware products include the Media Composer product line used to edit film television programming news broadcasts commercials and other video content. Video products also include Avid ISIS shared storage systems and Avid Interplay asset management solutions. The Company’s audio products include Pro Tools digital audio software and workstation solutions and a range of complementary control surfaces and consoles including the System 5 and System 6 modular consoles as well as the VENUE live-sound systems and Sibelius-branded notation software.

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