California Public Employees Retirement System grew its stake in SeaChange International (NASDAQ:SEAC) by 21.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,643 shares of the software maker’s stock after buying an additional 25,443 shares during the period. California Public Employees Retirement System owned approximately 0.41% of SeaChange International worth $397,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SEAC. Virtu Financial LLC acquired a new stake in shares of SeaChange International in the fourth quarter worth about $119,000. Wells Fargo & Company MN lifted its position in shares of SeaChange International by 152.4% in the fourth quarter. Wells Fargo & Company MN now owns 32,044 shares of the software maker’s stock worth $126,000 after buying an additional 19,349 shares during the last quarter. Penbrook Management LLC acquired a new stake in shares of SeaChange International in the fourth quarter worth about $157,000. ClariVest Asset Management LLC acquired a new stake in shares of SeaChange International in the first quarter worth about $180,000. Finally, Spark Investment Management LLC acquired a new stake in shares of SeaChange International in the first quarter worth about $229,000. 73.88% of the stock is owned by institutional investors.

NASDAQ SEAC opened at $3.29 on Friday. SeaChange International has a twelve month low of $2.40 and a twelve month high of $4.03. The stock has a market cap of $114.70 million, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 4.03 and a beta of 0.63.

SeaChange International (NASDAQ:SEAC) last posted its quarterly earnings data on Wednesday, June 6th. The software maker reported ($0.14) earnings per share for the quarter, hitting the consensus estimate of ($0.14). SeaChange International had a negative return on equity of 0.37% and a net margin of 17.06%. The business had revenue of $14.94 million during the quarter, compared to analysts’ expectations of $14.39 million. analysts forecast that SeaChange International will post 0.08 earnings per share for the current fiscal year.

SEAC has been the subject of a number of analyst reports. BWS Financial reaffirmed a “buy” rating on shares of SeaChange International in a research report on Tuesday, April 17th. Zacks Investment Research raised SeaChange International from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Wednesday, July 11th. ValuEngine raised SeaChange International from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, TheStreet raised SeaChange International from a “d” rating to a “c-” rating in a research report on Thursday, June 7th. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $4.08.

SeaChange International Company Profile

SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and television advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices, as well as SeaChange Rave, an integrated platform.

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Institutional Ownership by Quarter for SeaChange International (NASDAQ:SEAC)

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