Wealthstream Advisors Inc. increased its position in shares of Wipro Limited (NYSE:WIT – Free Report) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 69,630 shares of the information technology services provider’s stock after acquiring an additional 7,000 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Wipro were worth $210,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in Wipro by 44.4% during the first quarter. Acadian Asset Management LLC now owns 20,977,514 shares of the information technology services provider’s stock worth $64,171,000 after acquiring an additional 6,447,184 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Wipro by 22.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,354,002 shares of the information technology services provider’s stock valued at $31,683,000 after purchasing an additional 1,864,943 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Wipro by 45.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,227,213 shares of the information technology services provider’s stock valued at $22,115,000 after purchasing an additional 2,257,828 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Wipro by 70.4% in the 1st quarter. Millennium Management LLC now owns 7,114,173 shares of the information technology services provider’s stock valued at $21,769,000 after purchasing an additional 2,939,007 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Wipro by 115.3% in the 1st quarter. Northern Trust Corp now owns 5,766,763 shares of the information technology services provider’s stock valued at $17,646,000 after purchasing an additional 3,087,697 shares during the last quarter. Institutional investors and hedge funds own 2.36% of the company’s stock.
Wipro Stock Down 1.1%
Shares of WIT opened at $2.64 on Friday. The firm has a market cap of $27.64 billion, a PE ratio of 17.60 and a beta of 1.00. The company’s fifty day moving average is $2.73 and its two-hundred day moving average is $2.84. Wipro Limited has a fifty-two week low of $2.58 and a fifty-two week high of $3.79.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Wipro in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Wipro has an average rating of “Reduce”.
Check Out Our Latest Stock Analysis on WIT
Wipro Profile
Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises.
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