Advanced Energy (NASDAQ:AEIS).
Renaissance Technologies LLC raised its ownership in Advanced Energy by 18.8% in a 13F filing with the SEC. Its stake stood at $46,253,000 an increase of 48.3% as of quarter end.
Several firms have shifted positions in (AEIS). As of quarter end Schwab Charles Investment Management Inc had sold a total of 4,628 shares trimming its position 1.6%. The value of the investment in Advanced Energy increased from $18,421,000 to $22,623,000 increasing 22.8% quarter to quarter. As of the end of the quarter Arrowstreet Capital, Limited Partnership had disposed of 15,949 shares trimming its holdings by 4.0%. The value in dollars went from $25,944,000 to $31,101,000 a change of 19.9% for the reporting period.
Praesidium Investment Management Company, LLC cut its position by selling 11,050 shares a decrease of 2.4% from 06/30/2017 to 09/30/2017. Praesidium Investment Management Company, LLC currently owns 445,867 shares with a value of $36,008,000. The total value of its holdings increased 21.8%.
Needham & Company LLC raised the price target on October 31 changing the price objective from $93.00 to $97.00 and issued a “Buy” recommendation. October 15 investment analysts at KeyCorp reiterated a “Hold” rating on the company.
On October 13, 2017 Needham & Company LLC maintained a “Buy” rating on the company. On August 23 analysts at Stifel Nicolaus released a research note on AEIS with an initial rating of “Hold”.
In the market the company is trading up since yesterday’s close of 81.11. Advanced Energy’s P/E ratio is 16.23 and the market cap of the company is 3.29B. As of the last earnings report the EPS was $5.12 with 39.66M shares currently outstanding.
Traders are feeling more bullish lately if you watch the motion in short interest. The firm experienced a fall in short interest between September 29, 2017 and October 13, 2017 of -9.93%. Short shares fell 131,553 over that period. The days to cover decreased to 3.0 and the percentage of shorted shares was 0.03% on October 13.