© Reuters. Weitz Investment Management Inc. reduced stake in Intelligent Systems Corporation
On the 31st of December, Weitz Investment Management Inc. sold 248 thousand Intelligent Systems Corporation (NYSE:INS) shares for $10 million at an average price of $40.11 per share. Shares of Intelligent Systems Corporation are up 0.35% since the transaction.
Weitz Investment Management Inc.'s holding in Intelligent Systems Corporation decreased to about 750 thousand shares with the transaction.
Weitz Investment Management Inc. first bought Intelligent Systems Corporation stock in the first quarter of 2001. Weitz Investment Management Inc. also owns Oracle Corporation (NYSE:ORCL), ACI Worldwide , Inc. (NASDAQ:ACIW), Box Inc (BOX) and Black Knight, Inc. (NYSE:BKI). Intelligent Systems Corporation is its number two position by number of shares and market value among software stocks.
Other investors who also reduced their Intelligent Systems Corporation shares include Citigroup (NYSE:C) and Royce & Associates. In contrast, California State Teachers Retirement System added to INS shares, while Olstein Capital Management established new holdings in Intelligent Systems Corporation.
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