Envestnet Asset Management Inc. Has $932,000 Position in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)

Envestnet Asset Management Inc. reduced its position in shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLIGet Rating) by 39.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 62,973 shares of the industrial products company’s stock after selling 41,173 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Hollysys Automation Technologies were worth $932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Hollysys Automation Technologies by 4.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,845 shares of the industrial products company’s stock worth $323,000 after buying an additional 889 shares during the period. Guggenheim Capital LLC boosted its position in shares of Hollysys Automation Technologies by 4.5% during the first quarter. Guggenheim Capital LLC now owns 40,325 shares of the industrial products company’s stock worth $644,000 after buying an additional 1,740 shares during the period. DGS Capital Management LLC boosted its position in shares of Hollysys Automation Technologies by 18.1% during the second quarter. DGS Capital Management LLC now owns 18,489 shares of the industrial products company’s stock worth $274,000 after buying an additional 2,835 shares during the period. American Century Companies Inc. boosted its position in shares of Hollysys Automation Technologies by 9.8% during the first quarter. American Century Companies Inc. now owns 40,357 shares of the industrial products company’s stock worth $645,000 after buying an additional 3,599 shares during the period. Finally, Aaron Wealth Advisors LLC bought a new stake in Hollysys Automation Technologies during the first quarter worth about $237,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a report on Wednesday.

Hollysys Automation Technologies Stock Performance

HOLI opened at $17.00 on Friday. Hollysys Automation Technologies Ltd. has a 52-week low of $11.05 and a 52-week high of $20.43. The firm has a market capitalization of $1.05 billion, a PE ratio of 11.56 and a beta of 0.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.79 and a current ratio of 3.02. The business’s 50-day simple moving average is $17.03 and its 200 day simple moving average is $16.25.

Hollysys Automation Technologies Profile

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Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.

See Also

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Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

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