Datawatch (DWCH) Upgraded to Buy at ValuEngine

Share on StockTwits

ValuEngine upgraded shares of Datawatch (NASDAQ:DWCH) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

A number of other research analysts also recently commented on the company. TheStreet downgraded Datawatch from a c rating to a d+ rating in a research report on Friday, July 20th. EuroPacific Canada initiated coverage on Datawatch in a research report on Wednesday, July 25th. They set a buy rating and a $22.00 target price for the company. Finally, National Securities reiterated a buy rating and set a $17.00 target price on shares of Datawatch in a research report on Thursday, July 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $19.00.

NASDAQ DWCH opened at $13.08 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.22 and a quick ratio of 1.22. Datawatch has a one year low of $7.70 and a one year high of $14.20.

A number of large investors have recently added to or reduced their stakes in DWCH. Acadian Asset Management LLC raised its holdings in Datawatch by 757.3% during the 3rd quarter. Acadian Asset Management LLC now owns 10,810 shares of the technology company’s stock valued at $126,000 after buying an additional 9,549 shares during the period. Russell Investments Group Ltd. purchased a new stake in Datawatch during the 2nd quarter valued at $163,000. Bank of Montreal Can purchased a new stake in Datawatch during the 3rd quarter valued at $174,000. Northern Trust Corp raised its holdings in Datawatch by 24.4% during the 1st quarter. Northern Trust Corp now owns 32,561 shares of the technology company’s stock valued at $282,000 after buying an additional 6,391 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Datawatch by 26.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 69,974 shares of the technology company’s stock valued at $665,000 after buying an additional 14,573 shares during the period. Institutional investors own 37.67% of the company’s stock.

Datawatch Company Profile

Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. Its software solutions allow organizations to access, analyze, and visualize their information.

Recommended Story: How to Invest in an Index Fund

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Datawatch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datawatch and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply