Axa boosted its holdings in Lumentum Holdings Inc (NASDAQ:LITE) by 27.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 950,772 shares of the technology company’s stock after acquiring an additional 206,281 shares during the period. Axa owned 1.53% of Lumentum worth $51,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LITE. Bank of New York Mellon Corp lifted its stake in Lumentum by 71.2% during the second quarter. Bank of New York Mellon Corp now owns 2,662,272 shares of the technology company’s stock worth $151,883,000 after purchasing an additional 1,107,107 shares in the last quarter. Whale Rock Capital Management LLC lifted its stake in Lumentum by 86.0% during the third quarter. Whale Rock Capital Management LLC now owns 1,590,359 shares of the technology company’s stock worth $86,436,000 after purchasing an additional 735,239 shares in the last quarter. Columbus Circle Investors acquired a new position in Lumentum during the second quarter worth $34,743,000. Artemis Investment Management LLP lifted its stake in Lumentum by 676.1% during the third quarter. Artemis Investment Management LLP now owns 672,022 shares of the technology company’s stock worth $36,541,000 after purchasing an additional 585,432 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Lumentum by 7.0% during the second quarter. BlackRock Inc. now owns 6,889,157 shares of the technology company’s stock worth $393,025,000 after purchasing an additional 448,077 shares in the last quarter. Hedge funds and other institutional investors own 95.70% of the company’s stock.

LITE has been the topic of a number of research reports. BidaskClub cut Lumentum from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Needham & Company LLC restated a “strong-buy” rating and set a $80.00 price target on shares of Lumentum in a research note on Wednesday, September 6th. Stifel Nicolaus restated a “buy” rating and set a $73.00 price target on shares of Lumentum in a research note on Thursday, September 7th. B. Riley restated a “buy” rating and set a $81.00 price target on shares of Lumentum in a research note on Thursday, September 14th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $68.00 price target on shares of Lumentum in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $68.75.

Shares of Lumentum Holdings Inc (NASDAQ:LITE) opened at $52.15 on Friday. Lumentum Holdings Inc has a 12-month low of $34.15 and a 12-month high of $68.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.38 and a current ratio of 5.21. The firm has a market capitalization of $3,230.00 and a price-to-earnings ratio of 35.16.

In other news, Director Martin A. Kaplan sold 15,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $57.07, for a total transaction of $856,050.00. Following the sale, the director now owns 29,573 shares of the company’s stock, valued at $1,687,731.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Vincent Retort sold 30,706 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $54.46, for a total value of $1,672,248.76. Following the sale, the chief operating officer now directly owns 110,770 shares in the company, valued at approximately $6,032,534.20. The disclosure for this sale can be found here. Insiders have sold 66,713 shares of company stock worth $3,717,034 in the last ninety days. Corporate insiders own 0.76% of the company’s stock.

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About Lumentum

Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

Institutional Ownership by Quarter for Lumentum (NASDAQ:LITE)

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