Dynamic Technology Lab Private Ltd bought a new stake in Cheetah Mobile Inc (NASDAQ:CMCM) during the first quarter, Holdings Channel reports. The fund bought 21,489 shares of the software maker’s stock, valued at approximately $231,000.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Cheetah Mobile during the fourth quarter valued at about $261,000. Capital Fund Management S.A. purchased a new position in shares of Cheetah Mobile during the first quarter valued at $286,000. Guggenheim Capital LLC boosted its position in shares of Cheetah Mobile by 152.2% in the fourth quarter. Guggenheim Capital LLC now owns 39,060 shares of the software maker’s stock valued at $374,000 after buying an additional 23,574 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Cheetah Mobile by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 59,667 shares of the software maker’s stock valued at $641,000 after buying an additional 8,328 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Cheetah Mobile by 115.6% in the first quarter. Schroder Investment Management Group now owns 68,866 shares of the software maker’s stock valued at $716,000 after buying an additional 36,923 shares during the last quarter.

Institutional Ownership by Quarter for Cheetah Mobile (NASDAQ:CMCM)

Cheetah Mobile Inc (CMCM) opened at 10.67 on Friday. The stock’s 50 day moving average is $11.29 and its 200 day moving average is $10.53. The firm’s market cap is $1.48 billion. Cheetah Mobile Inc has a 12 month low of $8.77 and a 12 month high of $13.79.

Cheetah Mobile (NASDAQ:CMCM) last posted its quarterly earnings data on Monday, May 22nd. The software maker reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. On average, equities analysts forecast that Cheetah Mobile Inc will post $0.38 earnings per share for the current year.

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Several research analysts have recently weighed in on CMCM shares. Zacks Investment Research raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday. TheStreet raised shares of Cheetah Mobile from a “d+” rating to a “c-” rating in a research report on Monday, May 22nd.

Cheetah Mobile Company Profile

Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.

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