Shell Asset Management Co. held its position in shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,934 shares of the communications equipment provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Sierra Wireless were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SWIR. Legal & General Group Plc increased its position in shares of Sierra Wireless by 85.7% in the first quarter. Legal & General Group Plc now owns 3,900 shares of the communications equipment provider’s stock valued at $103,000 after buying an additional 1,800 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Sierra Wireless during the first quarter valued at $147,000. Creative Planning increased its position in shares of Sierra Wireless by 13.0% in the second quarter. Creative Planning now owns 6,880 shares of the communications equipment provider’s stock valued at $193,000 after buying an additional 790 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Sierra Wireless during the first quarter valued at $200,000. Finally, Global X Management Co. LLC increased its position in shares of Sierra Wireless by 376.8% in the first quarter. Global X Management Co. LLC now owns 9,379 shares of the communications equipment provider’s stock valued at $248,000 after buying an additional 7,412 shares during the last quarter. 25.45% of the stock is owned by hedge funds and other institutional investors.

Shares of Sierra Wireless, Inc. (NASDAQ SWIR) opened at 21.85 on Friday. The stock has a market cap of $698.09 million, a PE ratio of 34.30 and a beta of 3.02. The firm has a 50-day moving average price of $27.46 and a 200 day moving average price of $26.83. Sierra Wireless, Inc. has a 12-month low of $12.30 and a 12-month high of $31.95.

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Several research analysts recently weighed in on SWIR shares. TheStreet raised shares of Sierra Wireless from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Sierra Wireless from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday, May 11th. TD Securities started coverage on shares of Sierra Wireless in a research note on Tuesday, May 30th. They issued a “hold” rating for the company. Benchmark Co. started coverage on shares of Sierra Wireless in a research note on Tuesday, April 25th. They issued a “hold” rating for the company. They noted that the move was a valuation call. Finally, BMO Capital Markets set a $30.00 target price on shares of Sierra Wireless and gave the company a “hold” rating in a research note on Saturday, May 6th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.50.

Sierra Wireless Company Profile

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

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Institutional Ownership by Quarter for Sierra Wireless (NASDAQ:SWIR)

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