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.

A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a report on Friday, October 27th. B. Riley upgraded shares of Solaredge Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $45.00 in a report on Thursday, November 9th. J P Morgan Chase & Co lifted their price objective on shares of Solaredge Technologies to $43.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a report on Tuesday, November 14th. Finally, Roth Capital set a $30.00 price objective on shares of Solaredge Technologies and gave the company a “buy” rating in a report on Sunday, October 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Solaredge Technologies currently has an average rating of “Buy” and an average target price of $34.19.

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.

WARNING: “Great West Life Assurance Co. Can Has $1.42 Million Stake in Solaredge Technologies Inc (SEDG)” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/21/great-west-life-assurance-co-can-has-1-42-million-stake-in-solaredge-technologies-inc-sedg.html.

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.

Want to see what other hedge funds are holding SEDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solaredge Technologies Inc (NASDAQ:SEDG).

Institutional Ownership by Quarter for Solaredge Technologies (NASDAQ:SEDG)

Receive News & Ratings for Solaredge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaredge Technologies and related companies with MarketBeat.com's FREE daily email newsletter.