Aperio Group LLC reduced its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,471 shares of the technology company’s stock after selling 1,638 shares during the period. Aperio Group LLC’s holdings in Lumentum Holdings were worth $841,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LITE. Bank of New York Mellon Corp boosted its holdings in shares of Lumentum Holdings by 71.2% in the second quarter. Bank of New York Mellon Corp now owns 2,662,272 shares of the technology company’s stock worth $151,883,000 after acquiring an additional 1,107,107 shares during the period. Columbus Circle Investors bought a new position in shares of Lumentum Holdings in the second quarter worth $34,743,000. BlackRock Inc. boosted its holdings in shares of Lumentum Holdings by 7.0% in the second quarter. BlackRock Inc. now owns 6,889,157 shares of the technology company’s stock worth $393,025,000 after acquiring an additional 448,077 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Lumentum Holdings by 23.4% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,099,760 shares of the technology company’s stock worth $119,791,000 after acquiring an additional 397,622 shares during the period. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Lumentum Holdings by 169.4% in the second quarter. Lord Abbett & CO. LLC now owns 584,992 shares of the technology company’s stock worth $33,374,000 after acquiring an additional 367,860 shares during the period. 95.69% of the stock is owned by hedge funds and other institutional investors.

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Shares of Lumentum Holdings Inc. (NASDAQ LITE) opened at $57.95 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.38 and a current ratio of 5.21. Lumentum Holdings Inc. has a 52 week low of $34.15 and a 52 week high of $68.63. The stock has a market capitalization of $3,570.00 and a PE ratio of 40.21.

In other news, COO Vincent Retort sold 14,875 shares of Lumentum Holdings stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $51.59, for a total value of $767,401.25. Following the transaction, the chief operating officer now owns 92,694 shares in the company, valued at $4,782,083.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Alan S. Lowe sold 28,095 shares of Lumentum Holdings stock in a transaction dated Wednesday, August 23rd. The stock was 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 approximately $12,782,336. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,065 shares of company stock valued at $5,316,603. Corporate insiders own 0.76% of the company’s stock.

LITE has been the subject of several research analyst reports. Needham & Company LLC reissued a “strong-buy” rating and set a $80.00 price objective on shares of Lumentum Holdings in a research note on Wednesday, September 6th. B. Riley reissued a “buy” rating and set a $77.00 price objective on shares of Lumentum Holdings in a research note on Thursday, August 3rd. UBS AG lifted their price objective on Lumentum Holdings from $66.00 to $70.00 in a research note on Wednesday, August 9th. Zacks Investment Research lowered Lumentum Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Rosenblatt Securities set a $70.00 price objective on Lumentum Holdings and gave the company a “buy” rating in a research note on Wednesday, August 9th. One research 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. The stock has a consensus rating of “Buy” and an average target price of $68.06.

Lumentum Holdings Profile

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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