5,625 Shares in Teleflex Incorporated $TFX Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new stake in Teleflex Incorporated (NYSE:TFX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,625 shares of the medical technology company’s stock, valued at approximately $688,000. Teleflex accounts for approximately 0.8% of Bryce Point Capital LLC’s portfolio, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of Teleflex by 8.3% during the 3rd quarter. Bessemer Group Inc. now owns 4,049 shares of the medical technology company’s stock valued at $495,000 after purchasing an additional 309 shares during the period. Optimize Financial Inc bought a new position in shares of Teleflex in the 3rd quarter worth approximately $398,000. Savant Capital LLC boosted its holdings in shares of Teleflex by 81.0% in the third quarter. Savant Capital LLC now owns 18,248 shares of the medical technology company’s stock worth $2,233,000 after buying an additional 8,166 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Teleflex by 13.9% during the third quarter. Envestnet Asset Management Inc. now owns 36,511 shares of the medical technology company’s stock valued at $4,467,000 after buying an additional 4,449 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in Teleflex by 248.8% during the third quarter. Hantz Financial Services Inc. now owns 279 shares of the medical technology company’s stock valued at $34,000 after buying an additional 199 shares during the last quarter. 95.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TFX shares. Wall Street Zen cut shares of Teleflex from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Teleflex in a report on Monday, December 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $135.00 price target on shares of Teleflex in a report on Wednesday, December 17th. Wells Fargo & Company reduced their price target on Teleflex from $139.00 to $116.00 and set an “equal weight” rating for the company in a research report on Thursday, January 29th. Finally, Needham & Company LLC raised Teleflex from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $139.00.

Teleflex Stock Performance

NYSE TFX opened at $106.27 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 2.57 and a debt-to-equity ratio of 0.67. Teleflex Incorporated has a twelve month low of $100.18 and a twelve month high of $180.58. The business has a 50-day moving average price of $115.02 and a 200-day moving average price of $119.28. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of -14.46, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92.

Teleflex Profile

Teleflex Incorporated is a diversified global provider of medical technologies, specializing in critical care and surgery. Headquartered in Wayne, Pennsylvania, the company designs, manufactures and distributes devices and solutions used by healthcare professionals in hospital, ambulatory and alternate site settings. Teleflex focuses on delivering products that support complex interventional procedures and improve patient outcomes.

The company’s offerings span several key segments, including Interventional Urology, Respiratory & Anesthesia, Surgical, Cardiac Care, Vascular and Original Equipment Manufacturer (OEM) solutions.