66,051 Shares in Maxwell Technologies Inc. (MXWL) Acquired by California State Teachers Retirement System
California State Teachers Retirement System acquired a new stake in shares of Maxwell Technologies Inc. (NASDAQ:MXWL) during the second quarter, Holdings Channel reports. The institutional investor acquired 66,051 shares of the company’s stock, valued at approximately $349,000. California State Teachers Retirement System owned about 0.21% of Maxwell Technologies as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Spark Investment Management LLC purchased a new position in shares of Maxwell Technologies during the first quarter valued at about $351,000. Essex Investment Management Co. LLC increased its position in Maxwell Technologies by 5.6% in the second quarter. Essex Investment Management Co. LLC now owns 87,722 shares of the company’s stock worth $463,000 after buying an additional 4,616 shares in the last quarter. Geode Capital Management LLC increased its position in Maxwell Technologies by 7.7% in the first quarter. Geode Capital Management LLC now owns 176,224 shares of the company’s stock worth $1,046,000 after buying an additional 12,578 shares in the last quarter. Royce & Associates LP increased its position in Maxwell Technologies by 2.1% in the first quarter. Royce & Associates LP now owns 1,446,691 shares of the company’s stock worth $8,593,000 after buying an additional 29,914 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Maxwell Technologies by 41.4% in the second quarter. Bank of New York Mellon Corp now owns 196,220 shares of the company’s stock worth $1,035,000 after buying an additional 57,451 shares in the last quarter. 54.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Maxwell Technologies Inc. (NASDAQ:MXWL) traded up 0.99% during trading on Friday, hitting $5.08. 110,611 shares of the stock were exchanged. The stock’s 50 day moving average is $5.13 and its 200-day moving average is $5.46. The stock’s market cap is $161.75 million. Maxwell Technologies Inc. has a 12-month low of $4.20 and a 12-month high of $8.04.
Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.07. Maxwell Technologies had a negative return on equity of 10.45% and a negative net margin of 5.05%. The company earned $34.10 million during the quarter, compared to the consensus estimate of $35.08 million. During the same quarter in the previous year, the business posted ($0.11) EPS. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. Equities research analysts anticipate that Maxwell Technologies Inc. will post ($0.56) EPS for the current year.
A number of research firms have weighed in on MXWL. Zacks Investment Research raised shares of Maxwell Technologies from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Tuesday, July 5th. Canaccord Genuity reaffirmed a “hold” rating and set a $4.50 price target on shares of Maxwell Technologies in a research note on Tuesday, August 16th. Finally, Roth Capital set a $5.00 price target on shares of Maxwell Technologies and gave the stock a “hold” rating in a research note on Monday, September 19th.
Maxwell Technologies Company Profile
Maxwell Technologies, Inc develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products.
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