California State Teachers Retirement System decreased its holdings in Safeguard Scientifics, Inc. (NYSE:SFE) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,910 shares of the asset manager’s stock after selling 3,700 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Safeguard Scientifics worth $427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Safeguard Scientifics by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,147,008 shares of the asset manager’s stock valued at $13,649,000 after purchasing an additional 71,379 shares during the last quarter. Vanguard Group Inc. raised its position in Safeguard Scientifics by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 828,897 shares of the asset manager’s stock valued at $10,528,000 after purchasing an additional 15,086 shares during the last quarter. State Street Corp raised its position in Safeguard Scientifics by 7.9% in the 2nd quarter. State Street Corp now owns 383,000 shares of the asset manager’s stock valued at $4,558,000 after purchasing an additional 28,161 shares during the last quarter. Goodman Financial Corp raised its position in Safeguard Scientifics by 3.7% in the 2nd quarter. Goodman Financial Corp now owns 303,216 shares of the asset manager’s stock valued at $3,608,000 after purchasing an additional 10,852 shares during the last quarter. Finally, Northern Trust Corp raised its position in Safeguard Scientifics by 2.6% in the 2nd quarter. Northern Trust Corp now owns 264,458 shares of the asset manager’s stock valued at $3,147,000 after purchasing an additional 6,757 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated a “mkt perform” rating and issued a $13.25 price objective on shares of Safeguard Scientifics in a research report on Wednesday. ValuEngine cut Safeguard Scientifics from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research raised Safeguard Scientifics from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, November 2nd.

Safeguard Scientifics, Inc. (SFE) traded down $0.05 during midday trading on Friday, hitting $12.10. The stock had a trading volume of 90,478 shares, compared to its average volume of 91,613. Safeguard Scientifics, Inc. has a one year low of $10.65 and a one year high of $14.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Safeguard Scientifics (NYSE:SFE) last released its earnings results on Thursday, October 26th. The asset manager reported ($0.91) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.11) by $0.20. During the same period last year, the firm earned ($1.18) earnings per share. equities research analysts expect that Safeguard Scientifics, Inc. will post -4.47 EPS for the current year.

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Safeguard Scientifics Profile

Safeguard Scientifics, Inc is engaged in providing capital to technology companies within the fields of healthcare, financial services and digital media. The Company holds interest in companies, which it refers to as partner companies. As of December 31, 2016, the Company held interests in 29 non-consolidated partner companies.

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Institutional Ownership by Quarter for Safeguard Scientifics (NYSE:SFE)

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