Clearline Capital LP Sells 14,622 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Clearline Capital LP lessened its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 40.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,228 shares of the technology company’s stock after selling 14,622 shares during the quarter. Clearline Capital LP owned approximately 0.06% of Diebold Nixdorf worth $948,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Amalgamated Bank bought a new stake in Diebold Nixdorf during the 2nd quarter worth about $34,000. nVerses Capital LLC bought a new stake in shares of Diebold Nixdorf during the 2nd quarter worth approximately $35,000. Summit Securities Group LLC acquired a new stake in shares of Diebold Nixdorf in the 2nd quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Diebold Nixdorf by 215.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock valued at $145,000 after buying an additional 2,576 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Diebold Nixdorf by 149.8% during the second quarter. SG Americas Securities LLC now owns 7,593 shares of the technology company’s stock worth $292,000 after buying an additional 4,553 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Trading Down 0.7 %

Shares of NYSE:DBD opened at $46.22 on Monday. The stock has a market cap of $1.74 billion, a PE ratio of 355.57 and a beta of 2.15. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 1.02. Diebold Nixdorf, Incorporated has a 12-month low of $24.75 and a 12-month high of $51.81. The business has a 50 day moving average of $44.59 and a 200-day moving average of $42.45.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DBD shares. StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Friday, October 11th. DA Davidson lifted their target price on Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Wedbush restated an “outperform” rating and issued a $50.00 price target on shares of Diebold Nixdorf in a research note on Monday, November 4th.

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.