Dimensional Fund Advisors LP lessened its stake in Inseego Corp (NASDAQ:INSG) by 52.4% in the third quarter, HoldingsChannel.com reports. The firm owned 289,430 shares of the technology company’s stock after selling 319,138 shares during the period. Dimensional Fund Advisors LP’s holdings in Inseego were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Vanguard Group Inc. grew its position in Inseego by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,050,470 shares of the technology company’s stock worth $1,313,000 after purchasing an additional 25,100 shares during the period. 12.13% of the stock is owned by institutional investors.

Shares of Inseego Corp (NASDAQ INSG) opened at $1.83 on Monday. Inseego Corp has a 1 year low of $0.87 and a 1 year high of $3.08. The company has a debt-to-equity ratio of -2.59, a current ratio of 1.10 and a quick ratio of 0.78.

A number of equities research analysts have commented on the stock. ValuEngine raised shares of Inseego from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Inseego from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Finally, Canaccord Genuity lifted their target price on shares of Inseego from $1.50 to $1.75 and gave the stock a “hold” rating in a research report on Friday, November 3rd.

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Inseego Company Profile

Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.

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Institutional Ownership by Quarter for Inseego (NASDAQ:INSG)

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