Guggenheim Capital LLC Has Lifted Ipg Photonics Corp (IPGP) Position by $78.90 Million; Shares Rose

August 9, 2018 - By Matthew Richard

IPG Photonics Corporation (NASDAQ:IPGP) LogoInvestors sentiment decreased to 0.84 in Q1 2018. Its down 0.09, from 0.93 in 2017Q4. It dived, as 36 investors sold IPGP shares while 173 reduced holdings. 66 funds opened positions while 109 raised stakes. 28.90 million shares or 0.95% more from 28.63 million shares in 2017Q4 were reported. Raymond James Fin Svcs Advisors Incorporated stated it has 9,141 shares or 0.01% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt holds 0.11% or 600 shares in its portfolio. Principal Gp Incorporated owns 59,801 shares. Moreover, Raymond James And Assocs has 0.01% invested in IPG Photonics Corporation (NASDAQ:IPGP). Winch Advisory Services Limited Liability Com invested in 75 shares or 0.01% of the stock. Paloma reported 0.04% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Glenmede Company Na owns 218,750 shares for 0.2% of their portfolio. 23,500 were accumulated by Korea Investment. Federated Investors Pa has 0.01% invested in IPG Photonics Corporation (NASDAQ:IPGP). Toronto Dominion Bancorporation, Ontario – Canada-based fund reported 20,375 shares. Twin Tree Management Limited Partnership reported 1,674 shares. Hightower Advsr Ltd has invested 0.01% in IPG Photonics Corporation (NASDAQ:IPGP). Nordea Management Ab reported 0% stake. Legal & General Grp Pcl has 265,187 shares. Marshall Wace Llp accumulated 2,422 shares or 0.02% of the stock.

Since March 1, 2018, it had 0 insider buys, and 9 sales for $15.73 million activity. 2,734 shares were sold by PEELER JOHN R, worth $685,687. Ness Trevor had sold 6,000 shares worth $1.50 million. HURLEY WILLIAM S had sold 5,255 shares worth $1.32 million on Friday, May 11. 12,500 shares valued at $3.04M were sold by Mammen Timothy PV on Thursday, March 1.

Guggenheim Capital Llc increased its stake in Ipg Photonics Corp (IPGP) by 276.22% based on its latest 2018Q1 regulatory filing with the SEC. Guggenheim Capital Llc bought 338,606 shares as the company’s stock rose 0.74% while stock markets declined. The institutional investor held 461,192 shares of the semiconductors company at the end of 2018Q1, valued at $107.63 million, up from 122,586 at the end of the previous reported quarter. Guggenheim Capital Llc who had been investing in Ipg Photonics Corp for a number of months, seems to be bullish on the $8.88 billion market cap company. The stock decreased 4.04% or $6.96 during the last trading session, reaching $165.34. About 1.04M shares traded or 126.32% up from the average. IPG Photonics Corporation (NASDAQ:IPGP) has risen 81.13% since August 9, 2017 and is uptrending. It has outperformed by 68.56% the S&P500.

Guggenheim Capital Llc, which manages about $25.60B and $40.99 billion US Long portfolio, decreased its stake in Cintas Corp (NASDAQ:CTAS) by 22,476 shares to 408,525 shares, valued at $69.69M in 2018Q1, according to the filing. It also reduced its holding in Sei Investments Co (NASDAQ:SEIC) by 56,828 shares in the quarter, leaving it with 171,449 shares, and cut its stake in Covenant Transn Group Inc (NASDAQ:CVTI).

More notable recent IPG Photonics Corporation (NASDAQ:IPGP) news were published by: Seekingalpha.com which released: “IPG Photonics: Shares On Sale” on August 03, 2018, also Benzinga.com with their article: “52 Stocks Moving In Tuesday’s Mid-Day Session” published on July 31, 2018, Fool.com published: “What to Expect When IPG Photonics Reports Earnings” on July 28, 2018. More interesting news about IPG Photonics Corporation (NASDAQ:IPGP) were released by: Benzinga.com and their article: “10 Biggest Price Target Changes For Wednesday” published on August 01, 2018 as well as Nasdaq.com‘s news article titled: “IPG Photonics to Announce Second Quarter 2018 Financial Results on July 31” with publication date: July 10, 2018.

IPG Photonics Corporation (NASDAQ:IPGP) Ratings Coverage

Among 4 analysts covering Ipg Photonics Corp (NASDAQ:IPGP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Ipg Photonics Corp has $294 highest and $228 lowest target. $254.75’s average target is 54.08% above currents $165.34 stock price. Ipg Photonics Corp had 7 analyst reports since February 16, 2018 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Thursday, May 10. The firm earned “Buy” rating on Wednesday, August 1 by Stifel Nicolaus. Stifel Nicolaus maintained IPG Photonics Corporation (NASDAQ:IPGP) on Friday, February 16 with “Hold” rating. Benchmark maintained IPG Photonics Corporation (NASDAQ:IPGP) rating on Wednesday, May 2. Benchmark has “Buy” rating and $25500 target. Canaccord Genuity maintained IPG Photonics Corporation (NASDAQ:IPGP) rating on Tuesday, February 20. Canaccord Genuity has “Hold” rating and $235 target.

IPG Photonics Corporation (NASDAQ:IPGP) Institutional Positions Chart

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