Shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) rose 1.9% during trading on Wednesday . The company traded as high as $18.98 and last traded at $18.88, with a volume of 223,026 shares traded. The stock had previously closed at $18.53.

HOLI has been the subject of a number of analyst reports. Nomura Holdings Inc. lowered shares of Hollysys Automation Technologies from a “neutral” rating to a “reduce” rating and set a $16.35 target price for the company. in a report on Thursday, April 28th. Zacks Investment Research raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. Finally, Deutsche Bank AG started coverage on shares of Hollysys Automation Technologies in a report on Monday. They issued a “buy” rating and a $25.80 price target for the company. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.78.

The stock has a market capitalization of $1.14 billion and a P/E ratio of 11.31. The stock’s 50-day moving average is $17.38 and its 200 day moving average is $18.59.

A number of hedge funds and institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in Hollysys Automation Technologies by 0.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 66,306 shares of the company’s stock valued at $1,471,000 after buying an additional 284 shares in the last quarter. Schroder Investment Management Group increased its position in Hollysys Automation Technologies by 12.0% in the fourth quarter. Schroder Investment Management Group now owns 5,682,249 shares of the company’s stock valued at $126,032,000 after buying an additional 607,732 shares in the last quarter. Connective Capital Management LLC increased its position in Hollysys Automation Technologies by 15.9% in the fourth quarter. Connective Capital Management LLC now owns 73,684 shares of the company’s stock valued at $1,635,000 after buying an additional 10,126 shares in the last quarter. Todd Asset Management LLC increased its position in Hollysys Automation Technologies by 0.5% in the fourth quarter. Todd Asset Management LLC now owns 670,216 shares of the company’s stock valued at $14,865,000 after buying an additional 3,392 shares in the last quarter. Finally, Boston Partners increased its position in Hollysys Automation Technologies by 10.0% in the fourth quarter. Boston Partners now owns 792,303 shares of the company’s stock valued at $17,573,000 after buying an additional 71,961 shares in the last quarter.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.