Arizona State Retirement System boosted its holdings in Analogic Co. (NASDAQ:ALOG) by 224.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,984 shares of the medical research company’s stock after buying an additional 14,523 shares during the period. Arizona State Retirement System owned 0.17% of Analogic worth $1,757,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Pinebridge Investments L.P. increased its stake in Analogic by 58.1% in the 4th quarter. Pinebridge Investments L.P. now owns 18,179 shares of the medical research company’s stock worth $1,523,000 after buying an additional 6,681 shares in the last quarter. Swiss National Bank increased its stake in Analogic by 7.4% in the 4th quarter. Swiss National Bank now owns 21,900 shares of the medical research company’s stock worth $1,834,000 after buying an additional 1,500 shares in the last quarter. California Public Employees Retirement System increased its stake in Analogic by 5.7% in the 4th quarter. California Public Employees Retirement System now owns 45,934 shares of the medical research company’s stock worth $3,847,000 after buying an additional 2,462 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Analogic in the 4th quarter worth $361,000. Finally, First National Bank of Omaha increased its stake in Analogic by 17.6% in the 4th quarter. First National Bank of Omaha now owns 16,275 shares of the medical research company’s stock worth $1,363,000 after buying an additional 2,440 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.
Analogic Co. (NASDAQ ALOG) opened at $94.20 on Tuesday. Analogic Co. has a 1-year low of $66.00 and a 1-year high of $101.80. The company has a market cap of $1,181.36, a PE ratio of -16.27, a price-to-earnings-growth ratio of 3.19 and a beta of 0.77.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Thursday, March 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Wednesday, March 14th. Analogic’s payout ratio is -6.91%.
Several research analysts have commented on the stock. BidaskClub downgraded shares of Analogic from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Zacks Investment Research raised shares of Analogic from a “hold” rating to a “strong-buy” rating and set a $108.00 price objective for the company in a report on Thursday, March 8th. Finally, Jefferies Group reissued a “hold” rating and set a $80.00 price objective on shares of Analogic in a report on Friday, December 8th.
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Analogic Company Profile
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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