Hilltop Park Associates Lowers stake in Network-1 Technologies Inc (NTIP)

Network-1 Technologies Inc (NTIP) : Hilltop Park Associates reduced its stake in Network-1 Technologies Inc by 9.09% during the most recent quarter end. The investment management company now holds a total of 250,000 shares of Network-1 Technologies Inc which is valued at $662,500 after selling 25,000 shares in Network-1 Technologies Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Network-1 Technologies Inc makes up approximately 9.30% of Hilltop Park Associates’s portfolio.

Other Hedge Funds, Including , Kellner Capital added NTIP to its portfolio by purchasing 15,000 company shares during the most recent quarter which is valued at $40,200. Network-1 Technologies Inc makes up approx 0.03% of Kellner Capital’s portfolio.First New York Securities Ny reduced its stake in NTIP by selling 1,900 shares or 48.72% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of NTIP which is valued at $5,040. Network-1 Technologies Inc makes up approx 0.01% of First New York Securities Ny’s portfolio.

Network-1 Technologies Inc opened for trading at $2.65 and hit $2.7 on the upside on Monday, eventually ending the session at $2.69, with a gain of 3.07% or 0.08 points. The heightened volatility saw the trading volume jump to 13,646 shares. Company has a market cap of $63 M.

Network-1 Technologies Inc. is engaged in the development licensing and protection of the intellectual property assets. The Company owns 24 patents that relate to various technologies including patents covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices such as wireless access ports Internet Protocol (IP) phones and network-based cameras; foundational technologies that enable unified search and indexing displaying and archiving of documents in a computer system; enabling technology for identifying media content on the Internet and taking further action to be performed-based on such identification and systems and methods for the transmission of audio video and data in order to achieve quality of service (QoS) over computer and telephony networks. In addition the Company reviews opportunities to acquire or license additional intellectual property.

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