Robeco Institutional Asset Management B.V. Has $102,000 Stock Position in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Robeco Institutional Asset Management B.V. reduced its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 96.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,088 shares of the semiconductor company’s stock after selling 31,129 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in SolarEdge Technologies were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Baillie Gifford & Co. raised its stake in SolarEdge Technologies by 89.3% during the third quarter. Baillie Gifford & Co. now owns 1,770,501 shares of the semiconductor company’s stock worth $229,298,000 after acquiring an additional 835,290 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in SolarEdge Technologies by 108.5% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,495,069 shares of the semiconductor company’s stock valued at $193,626,000 after purchasing an additional 778,034 shares during the last quarter. Impax Asset Management Group plc boosted its position in SolarEdge Technologies by 46.3% in the third quarter. Impax Asset Management Group plc now owns 939,386 shares of the semiconductor company’s stock valued at $121,067,000 after buying an additional 297,089 shares in the last quarter. PGGM Investments grew its stake in SolarEdge Technologies by 348.0% during the third quarter. PGGM Investments now owns 294,761 shares of the semiconductor company’s stock worth $38,174,000 after buying an additional 228,970 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of SolarEdge Technologies by 371.3% during the fourth quarter. Principal Financial Group Inc. now owns 288,935 shares of the semiconductor company’s stock worth $27,044,000 after buying an additional 227,634 shares in the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Stock Up 1.7 %

Shares of SolarEdge Technologies stock opened at $48.02 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.19 and a current ratio of 4.54. The business has a 50-day moving average of $60.03 and a two-hundred day moving average of $71.72. SolarEdge Technologies, Inc. has a 1 year low of $46.86 and a 1 year high of $306.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays increased their price target on SolarEdge Technologies from $50.00 to $61.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 16th. Janney Montgomery Scott lowered SolarEdge Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of SolarEdge Technologies from $75.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, May 10th. DZ Bank initiated coverage on shares of SolarEdge Technologies in a research report on Wednesday, April 17th. They issued a “hold” rating and a $62.00 price objective for the company. Finally, TD Cowen reduced their target price on shares of SolarEdge Technologies from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.38.

Insider Buying and Selling

In related news, Director More Avery purchased 7,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of $67.75 per share, with a total value of $474,250.00. Following the completion of the purchase, the director now owns 77,446 shares in the company, valued at approximately $5,246,966.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.67% of the stock is owned by company insiders.

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.