Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 62.9% in the 1st quarter, Holdings Channel reports. The fund owned 110,569 shares of the company’s stock after selling 187,138 shares during the period. Assenagon Asset Management S.A.’s holdings in Resideo Technologies were worth $1,957,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc increased its holdings in shares of Resideo Technologies by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 14,546 shares of the company’s stock valued at $335,000 after purchasing an additional 624 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Resideo Technologies by 4.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,280 shares of the company’s stock worth $352,000 after buying an additional 663 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Resideo Technologies by 8.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,582 shares of the company’s stock worth $267,000 after acquiring an additional 933 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Resideo Technologies by 52.1% in the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company’s stock valued at $56,000 after acquiring an additional 1,087 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Resideo Technologies during the fourth quarter valued at approximately $28,000. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock opened at $20.89 on Wednesday. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $28.28. The company has a current ratio of 1.94, a quick ratio of 1.16 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $18.90 and its two-hundred day moving average price is $20.55. The stock has a market cap of $3.10 billion, a PE ratio of 65.29 and a beta of 2.19.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price target on Resideo Technologies from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, June 3rd.

Insider Transactions at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the company’s stock in a transaction on Friday, May 9th. The shares were bought at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the acquisition, the insider now owns 5,754,501 shares of the company’s stock, valued at approximately $100,013,227.38. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

About Resideo Technologies

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.