Envestnet Asset Management Inc. Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Envestnet Asset Management Inc. bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 53,294 shares of the company's stock, valued at approximately $1,624,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after buying an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after buying an additional 11,580,677 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Super Micro Computer by 968.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock valued at $111,287,000 after buying an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock valued at $89,752,000 after buying an additional 2,616,757 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Super Micro Computer by 851.9% in the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock valued at $45,379,000 after purchasing an additional 1,332,400 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $37.27 on Tuesday. The company's 50 day simple moving average is $37.91 and its 200-day simple moving average is $35.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The company has a market capitalization of $22.12 billion, a price-to-earnings ratio of 18.71 and a beta of 1.22.

Insider Transactions at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citigroup assumed coverage on Super Micro Computer in a report on Friday. They issued a "neutral" rating and a $39.00 price objective on the stock. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Wedbush restated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $51.67.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.

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