Employees Retirement System of Texas Has $3.28 Million Position in Glaukos Corporation (GKOS)
Employees Retirement System of Texas reduced its holdings in Glaukos Corporation (NYSE:GKOS) by 8.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,000 shares of the medical instruments supplier’s stock after selling 7,000 shares during the quarter. Employees Retirement System of Texas owned approximately 0.23% of Glaukos Corporation worth $3,276,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can acquired a new position in Glaukos Corporation in the first quarter valued at $102,000. BNP Paribas Arbitrage SA increased its stake in Glaukos Corporation by 740.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,539 shares of the medical instruments supplier’s stock valued at $147,000 after purchasing an additional 3,118 shares during the last quarter. Prudential Financial Inc. acquired a new position in Glaukos Corporation in the first quarter valued at $204,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Glaukos Corporation in the second quarter valued at $262,000. Finally, Caxton Associates LP acquired a new position in Glaukos Corporation in the first quarter valued at $272,000.
Shares of Glaukos Corporation (NYSE GKOS) opened at 33.59 on Monday. The stock’s market cap is $1.16 billion. The firm’s 50-day moving average price is $34.14 and its 200-day moving average price is $34.14. Glaukos Corporation has a 52-week low of $28.72 and a 52-week high of $52.49.
Several equities analysts recently commented on the company. BidaskClub upgraded Glaukos Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Cantor Fitzgerald reiterated a “buy” rating and issued a $60.00 target price (up from $54.00) on shares of Glaukos Corporation in a research note on Thursday, September 14th. Zacks Investment Research lowered Glaukos Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Roth Capital dropped their target price on Glaukos Corporation from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $56.00 target price on shares of Glaukos Corporation in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.86.
In other news, CEO Thomas William Burns sold 73,788 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $41.36, for a total value of $3,051,871.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Orbimed Advisors Llc sold 580,200 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $38.73, for a total value of $22,471,146.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 980,200 shares of company stock worth $37,900,263. 16.40% of the stock is currently owned by company insiders.
Glaukos Corporation Company Profile
Glaukos Corporation is an ophthalmic medical technology company. The Company focuses on the development and commercialization of products and procedures for the treatment of glaucoma. It offers iStent, a micro-invasive glaucoma surgery (MIGS) device. The iStent is a micro-bypass stent inserted through the small corneal incision made during cataract surgery and placed into Schlemm’s canal, a circular channel in the eye that collects aqueous humor and delivers it back into the bloodstream.
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