Aquatic Capital Management LLC Acquires 215,311 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Aquatic Capital Management LLC raised its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 204.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 320,711 shares of the semiconductor company's stock after acquiring an additional 215,311 shares during the period. Aquatic Capital Management LLC owned approximately 0.55% of SolarEdge Technologies worth $4,362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in shares of SolarEdge Technologies by 401.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 1,954 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of SolarEdge Technologies in the 4th quarter worth about $27,000. Y.D. More Investments Ltd boosted its holdings in SolarEdge Technologies by 251.8% during the 4th quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company's stock valued at $53,000 after acquiring an additional 2,770 shares during the period. Meitav Investment House Ltd. boosted its position in SolarEdge Technologies by 0.6% in the 4th quarter. Meitav Investment House Ltd. now owns 585,391 shares of the semiconductor company's stock valued at $7,957,000 after buying an additional 3,282 shares during the period. Finally, R Squared Ltd bought a new position in shares of SolarEdge Technologies during the 4th quarter worth $61,000. Institutional investors own 95.10% of the company's stock.

Insider Transactions at SolarEdge Technologies

In related news, Chairman More Avery purchased 30,000 shares of SolarEdge Technologies stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $13.70 per share, with a total value of $411,000.00. Following the purchase, the chairman now owns 274,478 shares in the company, valued at approximately $3,760,348.60. The trade was a 12.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Canaccord Genuity Group lifted their target price on SolarEdge Technologies from $18.00 to $19.00 and gave the company a "hold" rating in a research note on Thursday, February 20th. Truist Financial cut their price objective on shares of SolarEdge Technologies from $15.00 to $14.00 and set a "hold" rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group raised their price target on shares of SolarEdge Technologies from $21.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on SolarEdge Technologies from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Finally, Royal Bank of Canada raised their target price on SolarEdge Technologies from $14.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 20th. Ten analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, SolarEdge Technologies presently has an average rating of "Hold" and an average target price of $16.82.

SolarEdge Technologies Stock Performance

Shares of NASDAQ SEDG opened at $12.56 on Monday. SolarEdge Technologies, Inc. has a 52-week low of $10.24 and a 52-week high of $64.04. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. The firm's 50-day moving average price is $15.34 and its two-hundred day moving average price is $14.87. The stock has a market capitalization of $741.58 million, a P/E ratio of -0.40 and a beta of 1.63.

SolarEdge Technologies Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.

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