Clearfield (NASDAQ:CLFD) PT Raised to $95.00

Clearfield (NASDAQ:CLFD – Get Rating) had its price objective raised by Northland Securities from $78.00 to $95.00 in a report released on Friday, The Fly reports.

CLFD has been the topic of a number of other reports. Needham & Company LLC raised their price objective on shares of Clearfield from $92.00 to $110.00 and gave the stock a buy rating in a report on Friday. StockNews.com initiated coverage on shares of Clearfield in a research note on Thursday, March 31st. They issued a hold rating on the stock.

Clearfield Stock Down 2.1 %

Shares of NASDAQ:CLFD opened at $96.45 on Friday. Clearfield has a 12 month low of $39.70 and a 12 month high of $99.58. The company’s fifty day simple moving average is $67.42 and its 200 day simple moving average is $62.26. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 33.72 and a beta of 1.38.

Institutional Investors Weigh In On Clearfield

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLFD. Victory Capital Management Inc. increased its stake in shares of Clearfield by 39.8% during the 4th quarter. Victory Capital Management Inc. now owns 12,411 shares of the communications equipment provider’s stock worth $1,048,000 after purchasing an additional 3,535 shares during the last quarter. Swiss National Bank acquired a new position in shares of Clearfield during the 4th quarter worth about $2,178,000. Lazard Asset Management LLC increased its stake in shares of Clearfield by 18.0% during the 4th quarter. Lazard Asset Management LLC now owns 2,086 shares of the communications equipment provider’s stock worth $176,000 after purchasing an additional 318 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Clearfield during the 4th quarter worth about $703,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Clearfield during the 4th quarter worth about $238,000. 51.84% of the stock is currently owned by institutional investors and hedge funds.

Clearfield Company Profile

(Get Rating)

Clearfield, Inc manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures.

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