4,388 Shares in Solaredge Technologies Inc (SEDG) Acquired by Pinebridge Investments L.P.
Pinebridge Investments L.P. bought a new position in shares of Solaredge Technologies Inc (NASDAQ:SEDG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,388 shares of the semiconductor company’s stock, valued at approximately $125,000.
Several other institutional investors have also modified their holdings of SEDG. Sei Investments Co. raised its holdings in shares of Solaredge Technologies by 380.4% during the second quarter. Sei Investments Co. now owns 6,005 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 4,755 shares during the last quarter. American International Group Inc. purchased a new position in shares of Solaredge Technologies during the third quarter worth $123,000. Globeflex Capital L P purchased a new position in shares of Solaredge Technologies during the second quarter worth $157,000. ETF Managers Group LLC purchased a new position in shares of Solaredge Technologies during the second quarter worth $226,000. Finally, Koch Industries Inc. purchased a new position in shares of Solaredge Technologies during the second quarter worth $265,000. 67.88% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Zvi Lando sold 10,000 shares of Solaredge Technologies stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $30.36, for a total value of $303,600.00. Following the sale, the vice president now owns 48,333 shares in the company, valued at $1,467,389.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ronen Faier sold 30,000 shares of Solaredge Technologies stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $28.56, for a total transaction of $856,800.00. Following the completion of the sale, the chief financial officer now owns 80,000 shares in the company, valued at approximately $2,284,800. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,288 shares of company stock worth $3,303,040. 16.40% of the stock is owned by company insiders.
Shares of Solaredge Technologies Inc (NASDAQ:SEDG) opened at $36.10 on Wednesday. The company has a market cap of $1,550.61, a price-to-earnings ratio of 21.85, a P/E/G ratio of 0.79 and a beta of 0.17. Solaredge Technologies Inc has a 52-week low of $12.15 and a 52-week high of $39.90.
Solaredge Technologies Company Profile
SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.
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