State of Alaska Department of Revenue acquired a new stake in Heska Corporation (NASDAQ:HSKA) during the second quarter, Holdings Channel reports. The firm acquired 1,253 shares of the medical research company’s stock, valued at approximately $127,000.

Several other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in Heska Corporation during the first quarter valued at approximately $101,000. BNP Paribas Arbitrage SA raised its stake in Heska Corporation by 1,306.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,167 shares of the medical research company’s stock valued at $123,000 after buying an additional 1,084 shares during the period. Mason Street Advisors LLC bought a new stake in Heska Corporation during the first quarter valued at approximately $144,000. Asset Management One Co. Ltd. bought a new stake in Heska Corporation during the first quarter valued at approximately $153,000. Finally, PNC Financial Services Group Inc. raised its stake in Heska Corporation by 199.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,484 shares of the medical research company’s stock valued at $155,000 after buying an additional 988 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

Shares of Heska Corporation (HSKA) traded up 0.8411% on Friday, reaching $96.6965. 10,481 shares of the company traded hands. The stock has a market capitalization of $698.73 million, a price-to-earnings ratio of 49.2847 and a beta of 0.82. Heska Corporation has a 1-year low of $46.51 and a 1-year high of $115.00. The company has a 50-day moving average of $101.48 and a 200-day moving average of $95.74.

Heska Corporation (NASDAQ:HSKA) last released its quarterly earnings data on Thursday, August 3rd. The medical research company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. Heska Corporation had a net margin of 10.70% and a return on equity of 15.87%. The company had revenue of $34.30 million during the quarter, compared to analysts’ expectations of $33.35 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. Analysts anticipate that Heska Corporation will post $2.04 earnings per share for the current fiscal year.

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Several equities research analysts have recently commented on HSKA shares. Zacks Investment Research upgraded Heska Corporation from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Friday, August 4th. BidaskClub upgraded Heska Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Benchmark Co. upped their price objective on Heska Corporation from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Aegis started coverage on Heska Corporation in a research note on Thursday, June 1st. They issued a “buy” rating and a $114.50 price objective for the company. Finally, B. Riley restated a “neutral” rating and issued a $96.50 price objective on shares of Heska Corporation in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Heska Corporation presently has a consensus rating of “Buy” and an average target price of $105.20.

In other Heska Corporation news, insider Michael J. Mcginley sold 11,189 shares of Heska Corporation stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $98.53, for a total value of $1,102,452.17. Following the completion of the transaction, the insider now owns 111,877 shares of the company’s stock, valued at $11,023,240.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nancy Wisnewski sold 250 shares of Heska Corporation stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $100.17, for a total transaction of $25,042.50. Following the completion of the transaction, the executive vice president now directly owns 38,901 shares of the company’s stock, valued at approximately $3,896,713.17. The disclosure for this sale can be found here. Insiders sold 30,265 shares of company stock valued at $2,983,439 in the last ninety days. 14.70% of the stock is owned by corporate insiders.

About Heska Corporation

Heska Corporation sells veterinary diagnostic and specialty products. The Company operates through two segments: Core Companion Animal Health (CCA) and Other Vaccines, Pharmaceuticals and Products (OVP). The CCA segment includes, primarily for canine and feline use, blood testing instruments and supplies, digital imaging products, software and services, local and cloud-based data services, allergy testing and immunotherapy, and single use offerings, such as in-clinic diagnostic tests and heartworm preventive products.

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Institutional Ownership by Quarter for Heska Corporation (NASDAQ:HSKA)

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