Oppenheimer Asset Management Inc. purchased a new stake in shares of Systemax Inc. (NYSE:SYX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,336 shares of the company’s stock, valued at approximately $127,000.

A number of other hedge funds have also added to or reduced their stakes in SYX. Millennium Management LLC increased its holdings in Systemax by 181.2% during the 2nd quarter. Millennium Management LLC now owns 76,557 shares of the company’s stock worth $2,628,000 after purchasing an additional 49,328 shares during the period. Northern Trust Corp increased its holdings in Systemax by 24.6% during the 2nd quarter. Northern Trust Corp now owns 215,870 shares of the company’s stock worth $7,411,000 after purchasing an additional 42,588 shares during the period. First Trust Advisors LP increased its holdings in Systemax by 42.7% during the 3rd quarter. First Trust Advisors LP now owns 143,998 shares of the company’s stock worth $4,743,000 after purchasing an additional 43,087 shares during the period. Alps Advisors Inc. purchased a new stake in Systemax during the 3rd quarter worth about $463,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Systemax during the 3rd quarter worth about $1,245,000. Institutional investors and hedge funds own 28.57% of the company’s stock.

NYSE:SYX opened at $25.19 on Tuesday. The stock has a market cap of $938.58 million and a PE ratio of 19.38. Systemax Inc. has a 1 year low of $22.36 and a 1 year high of $47.75.

Several brokerages have weighed in on SYX. Zacks Investment Research upgraded Systemax from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Saturday, November 3rd. Sidoti cut their price target on Systemax from $42.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, January 3rd. Finally, William Blair upgraded Systemax from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st.

In other Systemax news, insider Robert Dooley sold 29,652 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $30.89, for a total transaction of $915,950.28. Following the completion of the sale, the insider now directly owns 111,380 shares of the company’s stock, valued at approximately $3,440,528.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Eugene Clark sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $31.02, for a total value of $465,300.00. Following the sale, the vice president now directly owns 33,534 shares of the company’s stock, valued at $1,040,224.68. The disclosure for this sale can be found here. 68.00% of the stock is owned by corporate insiders.

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Systemax Profile

Systemax Inc operates as a direct marketer of brand name and private label products. Its Industrial Products Group segment sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance, furniture and office, HVAC/R and fans, workbench and shop desks, safety and security, outdoor and grounds maintenance, tools and instruments, office and school supplies, plumbing and pumps, packaging and supplies, electrical and lighting, food service and appliances, raw materials and building supplies, motors and power transmission, pneumatics and hydraulics, medical and laboratory equipment, metalworking and cutting tools, vehicle maintenance, and fasteners and hardware in North America.

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Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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