West Coast Financial buys $2,837,505 stake in Avid Technology (AVID)

Avid Technology (AVID) : West Coast Financial scooped up 13,530 additional shares in Avid Technology during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 425,413 shares of Avid Technology which is valued at $2,837,505.Avid Technology makes up approximately 0.99% of West Coast Financial’s portfolio.

Other Hedge Funds, Including , New Jersey Better Educational Savings Trust boosted its stake in AVID in the latest quarter, The investment management firm added 14,000 additional shares and now holds a total of 50,000 shares of Avid Technology which is valued at $333,500. Avid Technology makes up approx 0.21% of New Jersey Better Educational Savings Trust’s portfolio.California State Teachers Retirement System reduced its stake in AVID by selling 1,400 shares or 2.05% in the most recent quarter. The Hedge Fund company now holds 67,059 shares of AVID which is valued at $447,284. Financial Architects Inc added AVID to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $3,230. Parkwood sold out all of its stake in AVID during the most recent quarter. The investment firm sold 75,958 shares of AVID which is valued $474,738. Bnp Paribas Arbitrage Sa added AVID to its portfolio by purchasing 1,244 company shares during the most recent quarter which is valued at $7,601.

Avid Technology opened for trading at $7.57 and hit $8.2 on the upside on Monday, eventually ending the session at $8.09, with a gain of 7.44% or 0.56 points. The heightened volatility saw the trading volume jump to 6,54,381 shares. Company has a market cap of $321 M.

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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