Diebold Nixdorf, Incorporated (NYSE:DBD) Stock Position Reduced by Arena Capital Advisors LLC CA

Arena Capital Advisors LLC CA reduced its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 3.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,512,913 shares of the technology company’s stock after selling 58,324 shares during the quarter. Diebold Nixdorf accounts for approximately 73.8% of Arena Capital Advisors LLC CA’s investment portfolio, making the stock its biggest holding. Arena Capital Advisors LLC CA’s holdings in Diebold Nixdorf were worth $67,567,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Diebold Nixdorf by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 1,378,120 shares of the technology company’s stock worth $47,462,000 after acquiring an additional 38,248 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Diebold Nixdorf by 4.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 765,514 shares of the technology company’s stock worth $34,188,000 after purchasing an additional 31,152 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Diebold Nixdorf by 89.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock valued at $16,103,000 after purchasing an additional 198,177 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Diebold Nixdorf in the 2nd quarter valued at about $12,849,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Diebold Nixdorf by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 279,093 shares of the technology company’s stock worth $12,464,000 after buying an additional 4,155 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Trading Up 3.3 %

NYSE:DBD opened at $45.69 on Friday. Diebold Nixdorf, Incorporated has a 12-month low of $24.29 and a 12-month high of $51.81. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. The stock’s 50 day simple moving average is $44.25 and its 200-day simple moving average is $42.25. The firm has a market cap of $1.72 billion, a P/E ratio of 351.49 and a beta of 2.15.

Analysts Set New Price Targets

DBD has been the subject of several research analyst reports. DA Davidson increased their price objective on Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 9th. Wedbush reiterated an “outperform” rating and set a $50.00 price target on shares of Diebold Nixdorf in a research note on Monday, November 4th. Finally, StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, October 11th.

Insider Activity at Diebold Nixdorf

In other news, EVP Frank Tobias Baur acquired 1,150 shares of Diebold Nixdorf stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the transaction, the executive vice president now directly owns 24,262 shares in the company, valued at approximately $984,551.96. This trade represents a 4.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by insiders.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.