Noteworthy SEC Filing: Learn Why Satterfield Thomas A Jr Just Purchased Smith Micro Software Inc Stake?

Noteworthy SEC Filing: Learn Why Satterfield Thomas A Jr Just Purchased Smith Micro Software Inc Stake?

The New Satterfield Thomas A Jr Holding in Smith Micro Software Inc

Satterfield Thomas A Jr filed with the SEC SC 13G form for Smith Micro Software Inc. The form can be accessed here: 000119312516767361. As reported in Satterfield Thomas A Jr’s form, the filler as of late owns 5.21% or 642,500 shares of the Information Technology–company.

Smith Micro Software Inc stake is a new one for the and it was filed because of activity on November10, 2016. We feel this shows Satterfield Thomas A Jr’s positive view for the stock.

Smith Micro Software Inc Institutional Sentiment

Latest Security and Exchange filings show 26 investors own Smith Micro Software Inc. The institutional ownership in Q3 2015 is low, at 72.34% of the outstanding shares. This is decreased by 1326211 the total institutional shares. 8911837 were the shares owned by these institutional investors. In total 2 funds opened new Smith Micro Software Inc stakes, 3 increased stakes. There were 4 that closed positions and 6 reduced them.

Chuck Royce Royce & Associates Llc is an institutional investor bullish on Smith Micro Software Inc, owning 586850 shares as of Q3 2015 for less than 0.01% of its portfolio. Ken Grossman And Glen Schneider Sg Capital Management Llc owns 202987 shares or 0.04% of its portfolio. CA Miracle Mile Advisors Llc have 0.15% of their stock portfolio for 500000 shares. Further, Check Capital Management Inc reported stake worth 0.02% of its US stock portfolio. The NY Diker Management Llc owns 4386720 shares. Smith Micro Software Inc is 0.84% of the manager’s US portfolio.

Business Profile

Smith Micro Software, Inc. is a provider of software solutions. The Company operates through two segments: Wireless and Graphics. The Company offers multi-platform, modular solutions organized into three product families, including NetWise, CommSuite and QuickLink. For mobile network operators, NetWise helps reduce cellular congestion and optimize data traffic across third-generation (3G), fourth-generation (4G) and wireless fidelity (Wi-Fi) networks. Graphics segment includes its consumer-based products, such as Poser, Anime Studio, Manga Studio, MotionArtist and StuffIt. The Graphics segment develops a range of software, including graphic design and animation, compression and personal computer (PC)/Mac utilities, for consumers, professional artists and educators. The Company also offers Family Safety platform for family locator and parental controls.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.19, from 0.71 in 2016Q1. The ratio increased, as 7 funds sold all Smith Micro Software, Inc. shares owned while 3 reduced positions. 4 funds bought stakes while 5 increased positions. They now own 4.56 million shares or 11.01% more from 4.11 million shares in 2016Q1.

The Massachusetts-based State Street has invested 0% in Smith Micro Software, Inc. (NASDAQ:SMSI). Blackrock Advsr Lc holds 12,346 shares or 0% of its portfolio. California Public Employees Retirement System last reported 89,500 shares in the company. Manufacturers Life Insurance The accumulated 2,204 shares or 0% of the stock. Blackrock Fund Advisors accumulated 32,259 shares or 0% of the stock. Renaissance Techs Ltd Liability owns 844,500 shares or 0% of their US portfolio. Susquehanna Grp Llp last reported 0% of its portfolio in the stock. Winslow Evans And Crocker holds 0% of its portfolio in Smith Micro Software, Inc. (NASDAQ:SMSI) for 276 shares. Northern holds 0% of its portfolio in Smith Micro Software, Inc. (NASDAQ:SMSI) for 65,417 shares. Ladenburg Thalmann Service has 1,000 shares for 0% of their US portfolio. The Texas-based Wfg Advisors L P has invested 0% in Smith Micro Software, Inc. (NASDAQ:SMSI). Geode Cap Mngmt Ltd Co, a Massachusetts-based fund reported 180,264 shares. Kcg holds 39,905 shares or 0% of its portfolio. Bank & Trust Of Ny Mellon Corporation reported 50,468 shares or 0% of all its holdings. Vanguard Gru accumulated 778,489 shares or 0% of the stock.

About 169,105 shares traded hands or 193.21% up from the average. Smith Micro Software, Inc. (NASDAQ:SMSI) has declined 29.37% since April 12, 2016 and is downtrending. It has underperformed by 34.35% the S&P500.

Smith Micro Software, Inc. is a provider of software solutions. The company has a market cap of $24.49 million. The Firm operates through two divisions: Wireless and Graphics. It currently has negative earnings. The Firm offers multi-platform, modular solutions organized into three product families, including NetWise, CommSuite and QuickLink.

More notable recent Smith Micro Software, Inc. (NASDAQ:SMSI) news were published by: Prnewswire.com which released: “Smith Micro Announces Preliminary Revenue Results for its Third Quarter of …” on October 13, 2016, also Prnewswire.com with their article: “Smith Micro to Acquire Birdstep Technology” published on March 08, 2016, Thestreet.com published: “Why Smith Micro Software (SMSI) Stock Plummeted to a One-Year Low Today” on May 09, 2014. More interesting news about Smith Micro Software, Inc. (NASDAQ:SMSI) were released by: Prnewswire.com and their article: “Smith Micro Reports 2016 Third Quarter Financial Results” published on October 26, 2016 as well as Prnewswire.com‘s news article titled: “Smith Micro Adds Family Safety Platform, Global Carrier Customers with …” with publication date: July 25, 2016.

According to Zacks Investment Research, “Smith Micro Software, Inc. develops and sells communications software for personal and business use. The company’s objective is to enhance human interaction by giving users the ability to communicate through multimedia technologies over analog and digital platforms. Smith Micro’s products enable personal communication through telephony, fax, multimedia email, data, paging, video security and video conferencing.”

SMSI Company Profile

Smith Micro Software, Inc. (Smith Micro), incorporated on May 25, 1995, is a well-known provider of software solutions. The Firm operates through two divisions: Wireless and Graphics. The Firm provides solutions and services to simplify and enhance the mobile experience. Using its device software, along with voice, video and messaging applications, the Company creates new opportunities to engage clients and monetize mobile services. In addition to wireless and mobility software, the Company develops two-dimensional (2D) and three-dimensional (3D) graphics software used by professional artists, animators, illustrators and designers. The Firm also offers Family Safety platform for family locator and parental controls.

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