State Board of Administration of Florida Retirement System Takes $224,000 Position in Analogic Corporation (ALOG)
State Board of Administration of Florida Retirement System acquired a new stake in Analogic Corporation (NASDAQ:ALOG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,673 shares of the medical research company’s stock, valued at approximately $224,000.
Other institutional investors have also recently bought and sold shares of the company. Flinton Capital Management LLC lifted its position in shares of Analogic Corporation by 100.0% during the second quarter. Flinton Capital Management LLC now owns 1,768 shares of the medical research company’s stock worth $129,000 after acquiring an additional 884 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Analogic Corporation by 78.9% during the second quarter. State of Alaska Department of Revenue now owns 2,469 shares of the medical research company’s stock worth $179,000 after acquiring an additional 1,089 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Analogic Corporation during the first quarter worth $243,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Analogic Corporation during the third quarter worth $250,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Analogic Corporation during the second quarter worth $263,000. Institutional investors and hedge funds own 96.25% of the company’s stock.
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ALOG has been the topic of several recent research reports. Jefferies Group LLC initiated coverage on Analogic Corporation in a research report on Wednesday, August 9th. They set a “hold” rating and a $75.00 target price on the stock. Zacks Investment Research upgraded Analogic Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $85.25.
Analogic Corporation (NASDAQ:ALOG) opened at $83.20 on Wednesday. The firm has a market cap of $1,031.23, a price-to-earnings ratio of 49.17, a PEG ratio of 4.21 and a beta of 0.85. Analogic Corporation has a 1-year low of $66.00 and a 1-year high of $95.85.
About Analogic Corporation
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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