Solaredge Tech Cmn (NASDAQ:SEDG).
Bowen Hanes & Co Inc says it raised its stake in Solaredge Tech Cmn by 543,000 shares in the quarter ending 09/30/2017. Its investment was valued at $16,074,000 an increase of 3,918.5% as of quarter end.
Several firms have updated their holdings. As of the end of the quarter Raymond James & Associates had bought 373 shares growing its position 1.4%. The value in dollars increased from $542,000 to $784,000 a change of 44.6% since the last quarter. As of quarter end Edmond De Rothschild Holding S.a. had disposed of a total of 3,200 shares trimming its stake by 28.8%. The value of the investment in Solaredge Tech Cmn went from $222,000 to $226,000 increasing 1.8% quarter over quarter.
Dimensional Fund Advisors Lp divested its ownership by shedding 14,200 shares a decrease of 7.4% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp claims 176,880 shares valued at $5,050,000. The value of the position overall is up by 32.1%.
Equity analyst J P Morgan Chase & Co raised the price target of the stock on November 9 changing the price objective from $0.00 to $43.00 and issued a “Overweight” recommendation. Needham & Company LLC raised the price target on November 9 boosting the projection from $30.00 to $42.00 and stated a “Buy” rating.
Equity analyst Roth Capital raised the price target on November 9 changing the forecast from $36.00 to $42.00 with a “Buy” recommendation.
On November 6 Canaccord Genuity made no change to the stock rating of “Buy” projecting a price of $36.00. Equity analyst J P Morgan Chase & Co raised the price target of the stock on November 1 changing the price objective from $31.00 to $37.00 with a rating of “Overweight”.
In the market the company is trading down from yesterday’s close of 38.17. The company’s P/E ratio is 22.98 and market cap is 1.64B. As of the last earnings report the EPS was $1.66 with 43.01M shares presently outstanding.
Investors are more bullish on shares of the company as evidenced by the downtick in short interest. The company recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -7.42%. Short shares decreased from 5,679,618 to 5,258,162 over that period. The short-interest ratio increased to 10.0 and the percentage of shorted shares is 0.12% as of October 13.