Columbia Partners L L C Investment Management lifted its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,747 shares of the technology company’s stock after acquiring an additional 3,520 shares during the quarter. Columbia Partners L L C Investment Management owned 0.06% of Lumentum Holdings worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Suntrust Banks Inc. increased its position in shares of Lumentum Holdings by 0.4% during the second quarter. Suntrust Banks Inc. now owns 9,468 shares of the technology company’s stock worth $539,000 after acquiring an additional 37 shares during the period. LS Investment Advisors LLC increased its position in shares of Lumentum Holdings by 2.1% during the second quarter. LS Investment Advisors LLC now owns 3,569 shares of the technology company’s stock worth $204,000 after acquiring an additional 75 shares during the period. Arizona State Retirement System increased its position in shares of Lumentum Holdings by 0.7% during the second quarter. Arizona State Retirement System now owns 29,060 shares of the technology company’s stock worth $1,658,000 after acquiring an additional 200 shares during the period. Stifel Financial Corp increased its position in shares of Lumentum Holdings by 6.6% during the second quarter. Stifel Financial Corp now owns 7,271 shares of the technology company’s stock worth $415,000 after acquiring an additional 447 shares during the period. Finally, Texas Permanent School Fund increased its position in shares of Lumentum Holdings by 1.2% during the second quarter. Texas Permanent School Fund now owns 40,628 shares of the technology company’s stock worth $2,318,000 after acquiring an additional 468 shares during the period. 95.69% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Lumentum Holdings from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Friday, November 3rd. Barclays PLC boosted their target price on shares of Lumentum Holdings from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. MKM Partners boosted their target price on shares of Lumentum Holdings to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. DA Davidson boosted their target price on shares of Lumentum Holdings from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, Craig Hallum reiterated a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Lumentum Holdings in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. Lumentum Holdings currently has an average rating of “Buy” and an average price target of $68.06.

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Lumentum Holdings Inc. (NASDAQ LITE) traded down $0.15 during midday trading on Friday, reaching $57.50. 1,421,955 shares of the company’s stock traded hands, compared to its average volume of 1,813,906. The company has a quick ratio of 4.38, a current ratio of 5.21 and a debt-to-equity ratio of 0.50. Lumentum Holdings Inc. has a one year low of $34.15 and a one year high of $68.63. The firm has a market capitalization of $3,570.00 and a P/E ratio of 39.02.

In other Lumentum Holdings news, CEO Alan S. Lowe sold 28,095 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $51.20, for a total value of $1,438,464.00. Following the completion of the transaction, the chief executive officer now owns 249,655 shares in the company, valued at $12,782,336. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin A. Kaplan sold 15,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $57.07, for a total transaction of $856,050.00. Following the completion of the transaction, the director now owns 29,573 shares of the company’s stock, valued at approximately $1,687,731.11. The disclosure for this sale can be found here. Insiders sold 99,065 shares of company stock valued at $5,316,603 in the last 90 days. 0.76% of the stock is currently owned by insiders.

About Lumentum Holdings

Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

Institutional Ownership by Quarter for Lumentum Holdings (NASDAQ:LITE)

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