Sanctuary Wealth Advisors LLC Takes Position in SolarEdge Technologies, Inc. (SEDG)

Sanctuary Wealth Advisors LLC bought a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 144,175 shares of the semiconductor company’s stock, valued at approximately $4,116,000. SolarEdge Technologies accounts for about 3.2% of Sanctuary Wealth Advisors LLC’s holdings, making the stock its 4th biggest holding. Sanctuary Wealth Advisors LLC owned about 0.34% of SolarEdge Technologies at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its holdings in shares of SolarEdge Technologies by 187.4% during the 1st quarter. Wells Fargo & Company MN now owns 18,679 shares of the semiconductor company’s stock valued at $292,000 after purchasing an additional 12,179 shares during the last quarter. Swiss National Bank grew its holdings in SolarEdge Technologies by 7.5% during the 1st quarter. Swiss National Bank now owns 37,400 shares of the semiconductor company’s stock worth $583,000 after acquiring an additional 2,600 shares during the last quarter. Parametric Portfolio Associates LLC bought a new stake in SolarEdge Technologies during the 1st quarter worth approximately $592,000. California Public Employees Retirement System grew its holdings in SolarEdge Technologies by 5.3% during the 1st quarter. California Public Employees Retirement System now owns 17,800 shares of the semiconductor company’s stock worth $278,000 after acquiring an additional 900 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in SolarEdge Technologies by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 441,585 shares of the semiconductor company’s stock worth $6,889,000 after acquiring an additional 15,881 shares during the last quarter. 60.00% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts have weighed in on SEDG shares. Needham & Company LLC reissued a “buy” rating and set a $30.00 target price (up from $25.00) on shares of SolarEdge Technologies in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of SolarEdge Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Deutsche Bank AG set a $30.00 price target on shares of SolarEdge Technologies and gave the stock a “buy” rating in a research report on Thursday, August 3rd. B. Riley upgraded shares of SolarEdge Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $45.00 in a research report on Thursday. Finally, UBS AG upgraded shares of SolarEdge Technologies from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. SolarEdge Technologies currently has an average rating of “Buy” and an average price target of $30.18.

In related news, VP Yoav Galin sold 6,700 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $34.07, for a total transaction of $228,269.00. Following the completion of the transaction, the vice president now owns 25,000 shares in the company, valued at $851,750. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ronen Faier sold 30,000 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $28.56, for a total transaction of $856,800.00. Following the transaction, the chief financial officer now owns 80,000 shares of the company’s stock, valued at approximately $2,284,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,940 shares of company stock valued at $2,750,759. Company insiders own 16.40% of the company’s stock.

SolarEdge Technologies, Inc. (NASDAQ SEDG) traded down $0.65 during midday trading on Monday, hitting $38.15. 1,263,700 shares of the stock traded hands, compared to its average volume of 843,495. SolarEdge Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $39.45. The company has a market cap of $1,610.00 and a price-to-earnings ratio of 23.12.

SolarEdge Technologies Company Profile

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

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