Shaker Investments LLC OH Has $5.46 Million Stake in Insulet Co. (PODD)
Shaker Investments LLC OH cut its holdings in Insulet Co. (NASDAQ:PODD) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 79,170 shares of the medical instruments supplier’s stock after selling 1,290 shares during the quarter. Insulet accounts for approximately 3.6% of Shaker Investments LLC OH’s holdings, making the stock its 3rd largest position. Shaker Investments LLC OH’s holdings in Insulet were worth $5,463,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in shares of Insulet in the fourth quarter valued at about $122,000. Equitec Specialists LLC acquired a new position in shares of Insulet in the fourth quarter valued at about $145,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Insulet in the fourth quarter valued at about $188,000. Diversified Trust Co acquired a new position in shares of Insulet in the fourth quarter valued at about $218,000. Finally, RNC Capital Management LLC acquired a new position in shares of Insulet in the second quarter valued at about $225,000.
PODD has been the topic of several research reports. Wedbush restated a “buy” rating and issued a $65.00 price target (up from $60.00) on shares of Insulet in a research note on Tuesday, October 10th. Zacks Investment Research upgraded shares of Insulet from a “sell” rating to a “hold” rating and set a $68.00 price target on the stock in a research note on Thursday, October 12th. Leerink Swann restated an “outperform” rating and issued a $74.00 price target (up from $65.00) on shares of Insulet in a research note on Thursday, October 12th. Robert W. Baird set a $65.00 price target on shares of Insulet and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Canaccord Genuity upgraded shares of Insulet from a “hold” rating to a “buy” rating and upped their price target for the company from $50.00 to $65.00 in a research note on Wednesday, November 1st. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $62.53.
In other news, Director James C. Mullen acquired 2,500 shares of Insulet stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $67.45 per share, for a total transaction of $168,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.
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Insulet Corporation is engaged in the development, manufacturing and sale of the OmniPod Insulin Management System (the OmniPod System), an insulin delivery system for people with insulin-dependent diabetes. The Omnipod System features a self-adhesive disposable tubeless Omnipod device, which is worn on the body for approximately three days at a time and its wireless companion, the handheld Personal Diabetes Manager (PDM).
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