Panagora Asset Management Inc. lowered its stake in Rapid7 Inc (NASDAQ:RPD) by 55.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,900 shares of the technology company’s stock after selling 58,965 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.10% of Rapid7 worth $1,732,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Rapid7 by 2.4% during the 3rd quarter. BlackRock Inc. now owns 2,619,925 shares of the technology company’s stock worth $96,727,000 after purchasing an additional 62,532 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Rapid7 by 3,076.7% during the 3rd quarter. Alliancebernstein L.P. now owns 1,226,757 shares of the technology company’s stock worth $45,292,000 after buying an additional 1,188,140 shares during the period. Federated Investors Inc. PA grew its position in shares of Rapid7 by 8.2% during the 2nd quarter. Federated Investors Inc. PA…
