Great West Life Assurance Co. Can Has $1.42 Million Stake in Solaredge Technologies Inc (SEDG)
Great West Life Assurance Co. Can lifted its position in Solaredge Technologies Inc (NASDAQ:SEDG) by 837.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,310 shares of the semiconductor company’s stock after acquiring an additional 44,050 shares during the quarter. Great West Life Assurance Co. Can owned 0.12% of Solaredge Technologies worth $1,417,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. bought a new stake in shares of Solaredge Technologies in the 3rd quarter worth about $123,000. Sei Investments Co. lifted its holdings in shares of Solaredge Technologies by 380.4% in the 2nd quarter. Sei Investments Co. now owns 6,005 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 4,755 shares during the last quarter. Globeflex Capital L P bought a new stake in Solaredge Technologies during the 2nd quarter valued at about $157,000. Crossmark Global Holdings Inc. bought a new stake in Solaredge Technologies during the 3rd quarter valued at about $280,000. Finally, ETF Managers Group LLC bought a new stake in Solaredge Technologies during the 2nd quarter valued at about $226,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.
Solaredge Technologies Inc (NASDAQ:SEDG) opened at $38.20 on Thursday. The company has a market cap of $1,650.00 and a PE ratio of 23.45. Solaredge Technologies Inc has a 12-month low of $12.15 and a 12-month high of $39.90.
In other Solaredge Technologies news, VP Zvi Lando sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $38.02, for a total transaction of $760,400.00. Following the transaction, the vice president now owns 28,333 shares of the company’s stock, valued at approximately $1,077,220.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lior Handelsman sold 25,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $38.10, for a total transaction of $952,500.00. Following the transaction, the vice president now directly owns 152,950 shares in the company, valued at approximately $5,827,395. The disclosure for this sale can be found here. Insiders have sold a total of 163,288 shares of company stock worth $5,570,790 in the last three months. Insiders own 16.40% of the company’s stock.
About Solaredge Technologies
SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.
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