California State Teachers Retirement System trimmed its stake in shares of GoPro, Inc. (NASDAQ:GPRO) by 4.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 189,443 shares of the company’s stock after selling 9,574 shares during the quarter. California State Teachers Retirement System owned about 0.14% of GoPro worth $1,540,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Swiss National Bank lifted its position in shares of GoPro by 14.5% during the 2nd quarter. Swiss National Bank now owns 166,700 shares of the company’s stock valued at $1,355,000 after acquiring an additional 21,100 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of GoPro by 22.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 556,863 shares of the company’s stock valued at $4,528,000 after acquiring an additional 101,157 shares during the period. Wells Fargo & Company MN lifted its position in shares of GoPro by 266.1% during the 2nd quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock valued at $2,376,000 after acquiring an additional 212,486 shares during the period. Teachers Advisors LLC lifted its position in shares of GoPro by 9.2% during the 2nd quarter. Teachers Advisors LLC now owns 193,410 shares of the company’s stock valued at $1,572,000 after acquiring an additional 16,243 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of GoPro by 2.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 573,002 shares of the company’s stock valued at $4,658,000 after acquiring an additional 12,530 shares during the period. Hedge funds and other institutional investors own 22.04% of the company’s stock.

Shares of GoPro, Inc. (NASDAQ:GPRO) opened at $8.29 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. GoPro, Inc. has a one year low of $7.14 and a one year high of $11.89.

A number of analysts have recently weighed in on GPRO shares. Wedbush reiterated a “neutral” rating on shares of GoPro in a research report on Friday, July 28th. Morgan Stanley upgraded GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 price objective for the company in a research report on Monday, July 31st. They noted that the move was a valuation call. Zacks Investment Research upgraded GoPro from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, October 4th. Citigroup Inc. dropped their price objective on GoPro from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of GoPro in a research report on Friday, September 29th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.68.

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In other news, COO Charles J. Prober sold 24,918 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.00, for a total value of $274,098.00. Following the completion of the sale, the chief operating officer now owns 148,493 shares of the company’s stock, valued at $1,633,423. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anthony John Bates sold 25,529 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the sale, the director now directly owns 116,482 shares of the company’s stock, valued at approximately $1,184,621.94. The disclosure for this sale can be found here. In the last three months, insiders sold 730,790 shares of company stock valued at $6,814,622. Insiders own 28.58% of the company’s stock.

GoPro Company Profile

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.

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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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