Eagle Asset Management Inc. increased its position in shares of Canon, Inc. (NYSE:CAJ) by 60.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,064 shares of the technology company’s stock after acquiring an additional 4,923 shares during the quarter. Eagle Asset Management Inc.’s holdings in Canon were worth $446,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Regentatlantic Capital LLC increased its holdings in Canon by 40.1% in the third quarter. Regentatlantic Capital LLC now owns 51,379 shares of the technology company’s stock valued at $1,763,000 after purchasing an additional 14,707 shares during the last quarter. NorthCoast Asset Management LLC increased its holdings in Canon by 56.3% in the third quarter. NorthCoast Asset Management LLC now owns 97,728 shares of the technology company’s stock valued at $3,354,000 after purchasing an additional 35,220 shares during the last quarter. First Trust Advisors LP increased its holdings in Canon by 0.5% in the third quarter. First Trust Advisors LP now owns 590,771 shares of the technology company’s stock valued at $20,275,000 after purchasing an additional 3,199 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Canon by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 181,850 shares of the technology company’s stock valued at $5,686,000 after purchasing an additional 942 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Canon in the second quarter valued at about $614,000. Institutional investors and hedge funds own 1.28% of the company’s stock.
A number of research firms recently commented on CAJ. Zacks Investment Research upgraded Canon from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Wednesday, September 20th. BidaskClub downgraded Canon from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd.
Shares of Canon, Inc. (NYSE CAJ) opened at $38.05 on Thursday. Canon, Inc. has a fifty-two week low of $27.76 and a fifty-two week high of $39.15. The stock has a market capitalization of $41,367.54, a PE ratio of 21.04, a price-to-earnings-growth ratio of 3.26 and a beta of 0.47. The company has a quick ratio of 1.44, a current ratio of 2.03 and a debt-to-equity ratio of 0.19.
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Canon Company Profile
Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory.
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