Atika Capital Management LLC Has $3.47 Million Holdings in Arm Holdings plc (NASDAQ:ARM)

Atika Capital Management LLC boosted its holdings in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) by 181.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,100 shares of the company's stock after purchasing an additional 18,100 shares during the period. Atika Capital Management LLC's holdings in ARM were worth $3,466,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ARM. Charles Schwab Investment Management Inc. boosted its stake in ARM by 89.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,457 shares of the company's stock worth $2,640,000 after purchasing an additional 8,707 shares during the period. Quantbot Technologies LP acquired a new stake in ARM during the 3rd quarter worth about $52,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of ARM by 318.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,589 shares of the company's stock worth $799,000 after purchasing an additional 4,254 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of ARM by 79.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,550 shares of the company's stock worth $937,000 after purchasing an additional 2,900 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in ARM by 18.4% during the third quarter. Rockefeller Capital Management L.P. now owns 15,354 shares of the company's stock valued at $2,196,000 after purchasing an additional 2,386 shares in the last quarter. 7.53% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

ARM has been the topic of a number of research reports. Rosenblatt Securities upped their price target on shares of ARM from $180.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Susquehanna lifted their price target on ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Mizuho raised their price objective on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Barclays boosted their target price on shares of ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, Benchmark reiterated a "hold" rating on shares of ARM in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $164.76.

ARM Stock Up 4.0 %

ARM stock traded up $3.42 during mid-day trading on Wednesday, hitting $89.24. 3,165,553 shares of the company were exchanged, compared to its average volume of 7,515,623. The company has a market capitalization of $93.51 billion, a PE ratio of 117.61, a price-to-earnings-growth ratio of 6.33 and a beta of 4.48. The business has a fifty day moving average of $130.24 and a 200 day moving average of $138.20. Arm Holdings plc has a 1-year low of $80.00 and a 1-year high of $188.75.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.