IPG Photonics Corporation (IPGP) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in IPG Photonics Corporation (NASDAQ:IPGP) by 24.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 190,265 shares of the semiconductor company’s stock after buying an additional 36,876 shares during the quarter. Janus Henderson Group PLC owned 0.35% of IPG Photonics Corporation worth $27,608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in IPG Photonics Corporation by 4.1% in the 2nd quarter. BlackRock Inc. now owns 3,078,662 shares of the semiconductor company’s stock valued at $446,714,000 after buying an additional 121,338 shares during the last quarter. Vanguard Group Inc. grew its holdings in IPG Photonics Corporation by 8.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock valued at $443,143,000 after buying an additional 245,876 shares during the last quarter. State Street Corp grew its holdings in IPG Photonics Corporation by 2.4% in the 1st quarter. State Street Corp now owns 935,410 shares of the semiconductor company’s stock valued at $112,902,000 after buying an additional 22,314 shares during the last quarter. Clearbridge Investments LLC grew its holdings in IPG Photonics Corporation by 25.6% in the 1st quarter. Clearbridge Investments LLC now owns 934,882 shares of the semiconductor company’s stock valued at $112,840,000 after buying an additional 190,514 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in IPG Photonics Corporation by 5.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 759,708 shares of the semiconductor company’s stock valued at $110,233,000 after buying an additional 37,918 shares during the last quarter. 59.08% of the stock is currently owned by hedge funds and other institutional investors.

IPGP has been the topic of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $220.00 target price on shares of IPG Photonics Corporation in a report on Tuesday, October 10th. ValuEngine lowered IPG Photonics Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $170.00 price objective (up previously from $165.00) on shares of IPG Photonics Corporation in a research report on Friday, September 1st. Canaccord Genuity downgraded IPG Photonics Corporation from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, July 18th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $180.00 price objective on shares of IPG Photonics Corporation in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. IPG Photonics Corporation presently has an average rating of “Buy” and a consensus target price of $158.75.

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In other news, SVP Alexander Ovtchinnikov sold 12,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $160.30, for a total value of $1,923,600.00. Following the completion of the transaction, the senior vice president now directly owns 83,595 shares in the company, valued at approximately $13,400,278.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William S. Hurley sold 8,167 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $165.42, for a total value of $1,350,985.14. Following the completion of the transaction, the director now owns 12,672 shares of the company’s stock, valued at $2,096,202.24. The disclosure for this sale can be found here. Insiders sold a total of 53,517 shares of company stock valued at $8,759,381 over the last quarter. 33.80% of the stock is owned by corporate insiders.

IPG Photonics Corporation (IPGP) opened at 200.98 on Wednesday. The company has a market cap of $10.82 billion, a P/E ratio of 33.65 and a beta of 1.68. IPG Photonics Corporation has a 12 month low of $81.90 and a 12 month high of $201.22. The firm has a 50-day moving average price of $182.69 and a 200 day moving average price of $152.80.

IPG Photonics Corporation (NASDAQ:IPGP) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.28. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. The firm had revenue of $369.37 million during th

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in IPG Photonics Corporation by 4.1% in the 2nd quarter. BlackRock Inc. now owns 3,078,662 shares of the semiconductor company’s stock valued at $446,714,000 after buying an additional 121,338 shares during the last quarter. Vanguard Group Inc. grew its holdings in IPG Photonics Corporation by 8.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock valued at $443,143,000 after buying an additional 245,876 shares during the last quarter. State Street Corp grew its holdings in IPG Photonics Corporation by 2.4% in the 1st quarter. State Street Corp now owns 935,410 shares of the semiconductor company’s stock valued at $112,902,000 after buying an additional 22,314 shares during the last quarter. Clearbridge Investments LLC grew its holdings in IPG Photonics Corporation by 25.6% in the 1st quarter. Clearbridge Investments LLC now owns 934,882 shares of the semiconductor company’s stock valued at $112,840,000 after buying an additional 190,514 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in IPG Photonics Corporation by 5.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 759,708 shares of the semiconductor company’s stock valued at $110,233,000 after buying an additional 37,918 shares during the last quarter. 59.08% of the stock is currently owned by hedge funds and other institutional investors.

IPGP has been the topic of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $220.00 target price on shares of IPG Photonics Corporation in a report on Tuesday, October 10th. ValuEngine lowered IPG Photonics Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $170.00 price objective (up previously from $165.00) on shares of IPG Photonics Corporation in a research report on Friday, September 1st. Canaccord Genuity downgraded IPG Photonics Corporation from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, July 18th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $180.00 price objective on shares of IPG Photonics Corporation in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. IPG Photonics Corporation presently has an average rating of “Buy” and a consensus target price of $158.75.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://ledgergazette.com/2017/10/18/ipg-photonics-corporation-ipgp-shares-bought-by-janus-henderson-group-plc.html.

In other news, SVP Alexander Ovtchinnikov sold 12,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $160.30, for a total value of $1,923,600.00. Following the completion of the transaction, the senior vice president now directly owns 83,595 shares in the company, valued at approximately $13,400,278.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William S. Hurley sold 8,167 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $165.42, for a total value of $1,350,985.14. Following the completion of the transaction, the director now owns 12,672 shares of the company’s stock, valued at $2,096,202.24. The disclosure for this sale can be found here. Insiders sold a total of 53,517 shares of company stock valued at $8,759,381 over the last quarter. 33.80% of the stock is owned by corporate insiders.

IPG Photonics Corporation (IPGP) opened at 200.98 on Wednesday. The company has a market cap of $10.82 billion, a P/E ratio of 33.65 and a beta of 1.68. IPG Photonics Corporation has a 12 month low of $81.90 and a 12 month high of $201.22. The firm has a 50-day moving average price of $182.69 and a 200 day moving average price of $152.80.

IPG Photonics Corporation (NASDAQ:IPGP) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.28. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. The firm had revenue of $369.37 million during the quarter, compared to analysts’ expectations of $333.06 million. During the same period in the prior year, the company earned $1.25 earnings per share. The company’s quarterly revenue was up 46.1% on a year-over-year basis. On average, equities analysts expect that IPG Photonics Corporation will post $6.64 earnings per share for the current year.

IPG Photonics Corporation Profile

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

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Institutional Ownership by Quarter for IPG Photonics Corporation (NASDAQ:IPGP)

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