Ipg Photonics Corp (IPGP) Holder Keywise Capital Management LTD Lowered Stake

November 10, 2018 - By Eugene Smith

IPG Photonics Corporation (NASDAQ:IPGP) LogoInvestors sentiment increased to 0.99 in Q2 2018. Its up 0.15, from 0.84 in 2018Q1. It is positive, as 28 investors sold IPGP shares while 153 reduced holdings. 56 funds opened positions while 123 raised stakes. 29.78 million shares or 3.03% more from 28.90 million shares in 2018Q1 were reported. Norinchukin State Bank The stated it has 0.01% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). 46,146 are owned by State Board Of Administration Of Florida Retirement Systems. Clark Cap Group stated it has 4,044 shares or 0.03% of all its holdings. Brown Advisory invested in 0% or 1,116 shares. Oakbrook Investments Limited Liability Corp holds 0.04% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP) for 3,025 shares. Nomura Hldgs Inc owns 2,313 shares for 0% of their portfolio. Washington Tru reported 199 shares or 0% of all its holdings. Navellier & Associate Inc has 31,524 shares. Oppenheimer And Company invested in 6,536 shares or 0.04% of the stock. Pnc Services owns 1,658 shares for 0% of their portfolio. Daiwa Secs Group Inc has 0% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 1,191 shares. Granahan Invest Ma has invested 0.17% in IPG Photonics Corporation (NASDAQ:IPGP). Natixis holds 17,895 shares or 0.02% of its portfolio. Ny State Teachers Retirement Systems invested 0.02% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Regions Financial stated it has 0% in IPG Photonics Corporation (NASDAQ:IPGP).

Since May 11, 2018, it had 0 insider buys, and 1 sale for $491,260 activity. HURLEY WILLIAM S had sold 5,255 shares worth $1.32M on Friday, May 11.

Keywise Capital Management Ltd decreased its stake in Ipg Photonics Corp (IPGP) by 23.36% based on its latest 2018Q2 regulatory filing with the SEC. Keywise Capital Management Ltd sold 64,300 shares as the company’s stock declined 34.76% while stock markets rallied. The hedge fund held 211,000 shares of the semiconductors company at the end of 2018Q2, valued at $46.55M, down from 275,300 at the end of the previous reported quarter. Keywise Capital Management Ltd who had been investing in Ipg Photonics Corp for a number of months, seems to be less bullish one the $7.36B market cap company. The stock decreased 2.27% or $3.2 during the last trading session, reaching $137.79. About 506,273 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has declined 11.55% since November 10, 2017 and is downtrending. It has underperformed by 27.17% the S&P500.

Keywise Capital Management Ltd, which manages about $1.77 billion and $295.14M US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 195,400 shares to 347,413 shares, valued at $64.46M in 2018Q2, according to the filing.

More important recent IPG Photonics Corporation (NASDAQ:IPGP) news were published by: Nasdaq.com which released: “Research Report Identifies Brookfield Asset Management, Becton, Dickinson, IPG Photonics, ASML Holding NV …” on October 19, 2018, also Seekingalpha.com published article titled: “IPG Photonics -14% after Q3 miss, downside guidance”, Globenewswire.com published: “IPG Photonics to Participate in Upcoming Investor Conferences” on October 24, 2018. More interesting news about IPG Photonics Corporation (NASDAQ:IPGP) was released by: Globenewswire.com and their article: “IPG Photonics Announces New Generation of High Power Fiber Lasers” with publication date: November 02, 2018.

IPG Photonics Corporation (NASDAQ:IPGP) Ratings Coverage

Among 4 analysts covering IPG Photonics Corporation (NASDAQ:IPGP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. IPG Photonics Corporation had 5 analyst reports since May 21, 2018 according to SRatingsIntel. The stock of IPG Photonics Corporation (NASDAQ:IPGP) has “Strong Buy” rating given on Friday, September 21 by Raymond James. The stock of IPG Photonics Corporation (NASDAQ:IPGP) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 1. Longbow downgraded IPG Photonics Corporation (NASDAQ:IPGP) on Friday, September 28 to “Neutral” rating. Stifel Nicolaus maintained it with “Buy” rating and $190 target in Monday, October 8 report.

IPG Photonics Corporation (NASDAQ:IPGP) Institutional Positions Chart

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