Traders Buy High Volume of DENTSPLY SIRONA Put Options (XRAY)
DENTSPLY SIRONA Inc (NASDAQ:XRAY) was the target of unusually large options trading on Monday. Stock traders purchased 1,356 put options on the company. This is an increase of approximately 1,089% compared to the typical daily volume of 114 put options.
A number of equities analysts have recently commented on the company. HC Wainwright cut DENTSPLY SIRONA from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a report on Thursday, November 30th. TheStreet upgraded DENTSPLY SIRONA from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Stifel Nicolaus reiterated a “buy” rating on shares of DENTSPLY SIRONA in a report on Thursday, October 19th. Robert W. Baird set a $63.00 target price on DENTSPLY SIRONA and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research cut DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. DENTSPLY SIRONA currently has an average rating of “Hold” and an average price target of $69.15.
DENTSPLY SIRONA (XRAY) opened at $57.18 on Friday. DENTSPLY SIRONA has a 1-year low of $52.53 and a 1-year high of $68.98. The company has a current ratio of 2.32, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $13,390.51, a price-to-earnings ratio of -16.48, a P/E/G ratio of 2.15 and a beta of 1.18.
In other news, insider Mark Thierer acquired 77,000 shares of DENTSPLY SIRONA stock in a transaction on Monday, November 13th. The shares were acquired at an average price of $66.04 per share, with a total value of $5,085,080.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eric Brandt sold 6,409 shares of DENTSPLY SIRONA stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $68.04, for a total value of $436,068.36. Following the completion of the sale, the director now directly owns 12,073 shares in the company, valued at approximately $821,446.92. The disclosure for this sale can be found here. Insiders own 1.99% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Grandfield & Dodd LLC boosted its holdings in DENTSPLY SIRONA by 1.8% during the 3rd quarter. Grandfield & Dodd LLC now owns 236,109 shares of the medical instruments supplier’s stock valued at $14,122,000 after acquiring an additional 4,140 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in DENTSPLY SIRONA by 41.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,389,010 shares of the medical instruments supplier’s stock valued at $83,076,000 after acquiring an additional 406,654 shares during the period. California Public Employees Retirement System boosted its holdings in DENTSPLY SIRONA by 2.2% during the 3rd quarter. California Public Employees Retirement System now owns 499,526 shares of the medical instruments supplier’s stock valued at $29,877,000 after acquiring an additional 10,828 shares during the period. Wells Fargo & Company MN boosted its holdings in DENTSPLY SIRONA by 3.1% during the 3rd quarter. Wells Fargo & Company MN now owns 882,002 shares of the medical instruments supplier’s stock valued at $52,752,000 after acquiring an additional 26,125 shares during the period. Finally, Amica Mutual Insurance Co. purchased a new position in DENTSPLY SIRONA during the 3rd quarter valued at $669,000. Institutional investors own 96.56% of the company’s stock.
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DENTSPLY SIRONA Company Profile
DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.
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