Harding Loevner LP reduced its stake in shares of IPG Photonics Corp. (NASDAQ:IPGP) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,636,190 shares of the company’s stock after selling 6,236 shares during the period. Harding Loevner LP owned about 3.08% of IPG Photonics Corp. worth $134,741,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its stake in IPG Photonics Corp. by 14.6% in the second quarter. Capstone Asset Management Co. now owns 4,630 shares of the company’s stock valued at $370,000 after buying an additional 590 shares during the period. Dalton Greiner Hartman Maher & Co. bought a new stake in IPG Photonics Corp. during the second quarter valued at about $10,822,000. Fisher Asset Management LLC boosted its stake in IPG Photonics Corp. by 2.5% in the second quarter. Fisher Asset Management LLC now owns 126,482 shares of the company’s stock valued at $10,105,000 after buying an additional 3,063 shares during the period. Creative Planning boosted its stake in IPG Photonics Corp. by 52.2% in the second quarter. Creative Planning now owns 4,176 shares of the company’s stock valued at $334,000 after buying an additional 1,433 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in IPG Photonics Corp. by 3,579.4% in the second quarter. BNP Paribas Arbitrage SA now owns 14,460 shares of the company’s stock valued at $1,157,000 after buying an additional 14,067 shares during the period. 59.41% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for IPG Photonics Corp. (NASDAQ:IPGP)

IPG Photonics Corp. (NASDAQ:IPGP) traded down 0.10% on Friday, hitting $95.98. 79,526 shares of the company traded hands. The stock’s 50-day moving average is $88.56 and its 200 day moving average is $85.00. The firm has a market capitalization of $5.10 billion, a P/E ratio of 20.96 and a beta of 2.07. IPG Photonics Corp. has a 12 month low of $73.55 and a 12 month high of $102.90.

IPG Photonics Corp. (NASDAQ:IPGP) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.06. IPG Photonics Corp. had a net margin of 25.83% and a return on equity of 17.73%. The business earned $266 million during the quarter, compared to analysts’ expectations of $255.27 million. During the same period last year, the business earned $1.18 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts forecast that IPG Photonics Corp. will post $4.71 EPS for the current fiscal year.

Several research firms have issued reports on IPGP. Zacks Investment Research raised shares of IPG Photonics Corp. from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Friday, October 28th. Canaccord Genuity set a $100.00 price target on shares of IPG Photonics Corp. and gave the stock a “buy” rating in a research report on Thursday, August 11th. Summit Redstone reaffirmed a “buy” rating on shares of IPG Photonics Corp. in a research report on Thursday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $96.00 price target (down previously from $98.00) on shares of IPG Photonics Corp. in a research report on Monday, August 1st. Finally, Credit Agricole SA reaffirmed an “outperform” rating and issued a $92.00 price target on shares of IPG Photonics Corp. in a research report on Tuesday, September 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. IPG Photonics Corp. presently has a consensus rating of “Buy” and a consensus target price of $96.43.

In other news, SVP Angelo P. Lopresti sold 5,589 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $96.30, for a total value of $538,220.70. Following the completion of the transaction, the senior vice president now owns 41,693 shares of the company’s stock, valued at $4,015,035.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Angelo P. Lopresti sold 1,911 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $96.31, for a total transaction of $184,048.41. Following the completion of the transaction, the senior vice president now directly owns 47,282 shares of the company’s stock, valued at approximately $4,553,729.42. The disclosure for this sale can be found here. Company insiders own 34.20% of the company’s stock.

About IPG Photonics Corp.

IPG Photonics Corporation is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications.

5 Day Chart for NASDAQ:IPGP

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