Public Employees Retirement Association of Colorado lessened its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 16.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,403 shares of the electronics maker’s stock after selling 1,414 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Advanced Energy Industries were worth $598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its position in Advanced Energy Industries by 4.1% in the 2nd quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock worth $65,937,000 after buying an additional 40,286 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in Advanced Energy Industries in the 2nd quarter worth approximately $6,245,000. Laurion Capital Management LP bought a new stake in Advanced Energy Industries in the 2nd quarter worth approximately $2,803,000. Gotham Asset Management LLC lifted its position in Advanced Energy Industries by 820.4% in the 2nd quarter. Gotham Asset Management LLC now owns 136,617 shares of the electronics maker’s stock worth $8,838,000 after buying an additional 121,774 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Advanced Energy Industries by 131.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,400 shares of the electronics maker’s stock worth $287,000 after buying an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

In other news, CEO Yuval Wasserman sold 10,669 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $90.00, for a total transaction of $960,210.00. Following the transaction, the chief executive officer now directly owns 130,259 shares of the company’s stock, valued at $11,723,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas Liguori sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $73.64, for a total value of $1,178,240.00. The disclosure for this sale can be found here. Insiders sold a total of 66,603 shares of company stock worth $5,416,768 over the last ninety days. Insiders own 1.13% of the company’s stock.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Friday, November 3rd. Needham & Company LLC boosted their target price on Advanced Energy Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. ValuEngine downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. KeyCorp restated a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Finally, Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $81.60.

COPYRIGHT VIOLATION NOTICE: “Advanced Energy Industries, Inc. (AEIS) Shares Sold by Public Employees Retirement Association of Colorado” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/advanced-energy-industries-inc-aeis-shares-sold-by-public-employees-retirement-association-of-colorado/1702203.html.

Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at $83.59 on Tuesday. The company has a market capitalization of $3,317.73, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.36. Advanced Energy Industries, Inc. has a 12 month low of $50.87 and a 12 month high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, October 30th. The electronics maker reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.02. The business had revenue of $176.60 million for the quarter, compared to analysts’ expectations of $165.77 million. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The business’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. analysts predict that Advanced Energy Industries, Inc. will post 4.24 EPS for the current year.

About Advanced Energy Industries

Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS).

Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

Receive News & Ratings for Advanced Energy Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.