Teacher Retirement System of Texas Acquires Shares of 18,313 InMode Ltd. (NASDAQ:INMD)

Teacher Retirement System of Texas bought a new position in shares of InMode Ltd. (NASDAQ:INMD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,313 shares of the healthcare company’s stock, valued at approximately $306,000.

Other hedge funds also recently modified their holdings of the company. Intech Investment Management LLC lifted its position in InMode by 36.3% during the fourth quarter. Intech Investment Management LLC now owns 42,300 shares of the healthcare company’s stock worth $706,000 after purchasing an additional 11,260 shares during the period. Thrivent Financial for Lutherans raised its position in shares of InMode by 6.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 12,586 shares of the healthcare company’s stock valued at $210,000 after buying an additional 721 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of InMode by 26.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,555 shares of the healthcare company’s stock worth $93,000 after acquiring an additional 1,154 shares during the period. HighTower Advisors LLC acquired a new stake in shares of InMode during the 4th quarter worth approximately $180,000. Finally, Inspire Advisors LLC increased its stake in InMode by 11.5% in the fourth quarter. Inspire Advisors LLC now owns 34,766 shares of the healthcare company’s stock valued at $581,000 after acquiring an additional 3,574 shares during the last quarter. Institutional investors own 68.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on INMD shares. Barclays upped their target price on InMode from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of InMode in a report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.25.

InMode Price Performance

Shares of NASDAQ:INMD opened at $18.10 on Wednesday. InMode Ltd. has a one year low of $14.87 and a one year high of $20.98. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 7.70 and a beta of 2.08. The firm has a 50 day simple moving average of $18.36 and a 200 day simple moving average of $17.80.

InMode Profile

InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States and internationally. The company offers minimally invasive aesthetic medical products for various procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments, as well as for use in women's health conditions and procedures.