Nordea Investment Management AB acquired a new position in shares of Solaredge Technologies Inc (NASDAQ:SEDG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,200 shares of the semiconductor company’s stock, valued at approximately $377,000.

Several other hedge funds also recently made changes to their positions in SEDG. California Public Employees Retirement System grew its position in shares of Solaredge Technologies by 5.3% during the 1st quarter. California Public Employees Retirement System now owns 17,800 shares of the semiconductor company’s stock worth $278,000 after buying an additional 900 shares during the period. Vanguard Group Inc. grew its position in shares of Solaredge Technologies by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 441,585 shares of the semiconductor company’s stock worth $6,889,000 after buying an additional 15,881 shares during the period. Geode Capital Management LLC grew its position in shares of Solaredge Technologies by 17.1% during the 1st quarter. Geode Capital Management LLC now owns 213,989 shares of the semiconductor company’s stock worth $3,338,000 after buying an additional 31,237 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Solaredge Technologies by 172.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 164,803 shares of the semiconductor company’s stock worth $2,571,000 after buying an additional 104,383 shares during the period. Finally, Morgan Stanley grew its position in shares of Solaredge Technologies by 97.0% during the 1st quarter. Morgan Stanley now owns 127,853 shares of the semiconductor company’s stock worth $1,995,000 after buying an additional 62,968 shares during the period. 67.88% of the stock is owned by institutional investors.

In other news, VP Yoav Galin sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.35, for a total transaction of $395,250.00. Following the completion of the sale, the vice president now directly owns 65,000 shares of the company’s stock, valued at approximately $1,712,750. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Meir Adest sold 4,700 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $35.02, for a total value of $164,594.00. Following the sale, the vice president now directly owns 20,633 shares of the company’s stock, valued at $722,567.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 118,288 shares of company stock valued at $3,698,290. Insiders own 16.40% of the company’s stock.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a report on Tuesday, November 14th. Axiom Securities reiterated a “sell” rating on shares of Solaredge Technologies in a report on Thursday, August 31st. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Solaredge Technologies in a report on Tuesday, September 12th. Deutsche Bank cut Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Monday, November 27th. Finally, Roth Capital increased their target price on Solaredge Technologies from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $34.19.

Shares of Solaredge Technologies Inc (NASDAQ:SEDG) opened at $36.05 on Monday. Solaredge Technologies Inc has a 12-month low of $12.15 and a 12-month high of $39.90. The stock has a market capitalization of $1,550.62, a price-to-earnings ratio of 21.85, a PEG ratio of 0.79 and a beta of 0.17.

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About Solaredge Technologies

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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Institutional Ownership by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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