Silver Spring Networks Inc (SSNI) Stake Lessened by Two Sigma Investments LP

Two Sigma Investments LP decreased its position in Silver Spring Networks Inc (NYSE:SSNI) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,767 shares of the technology company’s stock after selling 17,025 shares during the period. Two Sigma Investments LP owned 0.12% of Silver Spring Networks worth $1,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSNI. Landscape Capital Management L.L.C. purchased a new stake in shares of Silver Spring Networks in the fourth quarter valued at approximately $170,000. FNY Partners Fund LP purchased a new stake in shares of Silver Spring Networks in the fourth quarter valued at approximately $197,000. Teacher Retirement System of Texas purchased a new stake in shares of Silver Spring Networks in the fourth quarter valued at approximately $225,000. Virtu Financial LLC purchased a new stake in shares of Silver Spring Networks in the third quarter valued at approximately $232,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Silver Spring Networks in the fourth quarter valued at approximately $466,000. Hedge funds and other institutional investors own 75.53% of the company’s stock.

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SSNI has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Silver Spring Networks from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, January 2nd. B. Riley set a $16.00 price objective on shares of Silver Spring Networks and gave the stock a “hold” rating in a research note on Thursday, January 4th. Finally, Guggenheim reissued a “hold” rating on shares of Silver Spring Networks in a research note on Friday, January 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.05.

Shares of NYSE:SSNI opened at $16.26 on Friday. Silver Spring Networks Inc has a 52 week low of $9.68 and a 52 week high of $16.26.

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About Silver Spring Networks

Silver Spring Networks, Inc is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things (IoT) for critical infrastructure. The Company provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid.

Institutional Ownership by Quarter for Silver Spring Networks (NYSE:SSNI)

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