California State Teachers Retirement System Boosts Position in NanoString Technologies, Inc. (NSTG)

California State Teachers Retirement System boosted its holdings in shares of NanoString Technologies, Inc. (NASDAQ:NSTG) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,367 shares of the biotechnology company’s stock after purchasing an additional 400 shares during the period. California State Teachers Retirement System owned about 0.14% of NanoString Technologies worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of America Corp DE lifted its position in NanoString Technologies by 16.6% during the first quarter. Bank of America Corp DE now owns 11,404 shares of the biotechnology company’s stock valued at $227,000 after purchasing an additional 1,627 shares during the period. The Manufacturers Life Insurance Company lifted its position in NanoString Technologies by 25.2% during the second quarter. The Manufacturers Life Insurance Company now owns 15,542 shares of the biotechnology company’s stock valued at $257,000 after purchasing an additional 3,132 shares during the period. Rhumbline Advisers lifted its position in NanoString Technologies by 20.6% during the second quarter. Rhumbline Advisers now owns 21,332 shares of the biotechnology company’s stock valued at $353,000 after purchasing an additional 3,640 shares during the period. TIAA CREF Investment Management LLC lifted its position in NanoString Technologies by 7.7% during the second quarter. TIAA CREF Investment Management LLC now owns 70,742 shares of the biotechnology company’s stock valued at $1,170,000 after purchasing an additional 5,068 shares during the period. Finally, Strs Ohio lifted its position in NanoString Technologies by 22.7% during the second quarter. Strs Ohio now owns 40,000 shares of the biotechnology company’s stock valued at $661,000 after purchasing an additional 7,400 shares during the period. Institutional investors own 92.72% of the company’s stock.

NanoString Technologies, Inc. (NSTG) opened at $7.46 on Thursday. NanoString Technologies, Inc. has a 1 year low of $7.20 and a 1 year high of $23.31. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.89 and a current ratio of 3.35.

NanoString Technologies (NASDAQ:NSTG) last issued its quarterly earnings data on Thursday, November 2nd. The biotechnology company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.11. The business had revenue of $27.02 million during the quarter, compared to the consensus estimate of $26.27 million. NanoString Technologies had a negative net margin of 44.24% and a negative return on equity of 174.55%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.51) earnings per share. analysts forecast that NanoString Technologies, Inc. will post -1.77 EPS for the current fiscal year.

A number of research analysts recently issued reports on NSTG shares. Robert W. Baird restated a “buy” rating and set a $14.00 target price on shares of NanoString Technologies in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of NanoString Technologies from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, August 10th. Cowen reiterated a “buy” rating and issued a $20.00 price objective on shares of NanoString Technologies in a research report on Thursday, September 28th. Finally, Janney Montgomery Scott downgraded shares of NanoString Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.25.

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NanoString Technologies Profile

NanoString Technologies, Inc develops, manufactures and sells intuitive products that unlock scientifically valuable and clinically actionable biologic information from minute amounts of tissue. The Company is engaged in the development, manufacture and commercialization of instruments, consumables and services for profiling the activity of hundreds of genes and proteins simultaneously from a single tissue sample.

Institutional Ownership by Quarter for NanoString Technologies (NASDAQ:NSTG)

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