Stephens Investment Management Group LLC trimmed its holdings in shares of CyberOptics Co. (NASDAQ:CYBE) by 10.8% during the fourth quarter, Holdings Channel reports. The fund owned 213,654 shares of the scientific and technical instruments company’s stock after selling 25,913 shares during the quarter. Stephens Investment Management Group LLC’s holdings in CyberOptics were worth $3,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CYBE. New York State Common Retirement Fund purchased a new stake in shares of CyberOptics during the second quarter worth about $151,000. Boothbay Fund Management LLC purchased a new stake in shares of CyberOptics during the third quarter worth about $183,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of CyberOptics during the fourth quarter worth about $214,000. Teachers Advisors LLC purchased a new stake in shares of CyberOptics during the second quarter worth about $247,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of CyberOptics during the second quarter worth about $250,000. 62.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of CyberOptics Co. (NASDAQ:CYBE) opened at $13.15 on Friday. The firm has a market capitalization of $95.59, a PE ratio of 62.27, a P/E/G ratio of 1.83 and a beta of -0.33. CyberOptics Co. has a fifty-two week low of $11.35 and a fifty-two week high of $39.40.

Separately, Zacks Investment Research lowered CyberOptics from a “hold” rating to a “strong sell” rating in a research report on Friday, January 5th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. CyberOptics currently has an average rating of “Hold” and a consensus price target of $18.67.

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About CyberOptics

Cyberoptics Corporation is a developer and manufacturer of sensing technology solutions. The Company’s products and services are used in the surface mount technology (SMT), semiconductor and three dimensional (3D) scanning solutions and services markets. Its products are sold into the electronics assembly, dynamic random access memory (DRAM) and flash memory, and semiconductor fabrication capital equipment markets.

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Institutional Ownership by Quarter for CyberOptics (NASDAQ:CYBE)

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