OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 60.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,455 shares of the technology company's stock after selling 40,561 shares during the quarter. Assenagon Asset Management S.A. owned about 0.16% of OSI Systems worth $4,017,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC raised its holdings in shares of OSI Systems by 10.1% during the 3rd quarter. Moody Aldrich Partners LLC now owns 33,274 shares of the technology company's stock worth $5,052,000 after acquiring an additional 3,053 shares during the period. International Assets Investment Management LLC grew its holdings in shares of OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock valued at $92,000 after purchasing an additional 603 shares during the period. Stanley Laman Group Ltd. increased its position in OSI Systems by 22.8% during the third quarter. Stanley Laman Group Ltd. now owns 25,774 shares of the technology company's stock worth $3,913,000 after purchasing an additional 4,783 shares during the last quarter. nVerses Capital LLC purchased a new position in OSI Systems during the third quarter worth about $182,000. Finally, Creative Planning boosted its holdings in OSI Systems by 55.2% in the 3rd quarter. Creative Planning now owns 2,605 shares of the technology company's stock valued at $396,000 after purchasing an additional 926 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

OSI Systems Stock Up 1.8 %

Shares of NASDAQ OSIS traded up $2.41 during midday trading on Wednesday, hitting $135.97. The company's stock had a trading volume of 193,564 shares, compared to its average volume of 120,881. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.25 and a beta of 1.08. The business's fifty day simple moving average is $144.58 and its two-hundred day simple moving average is $141.34. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $158.69.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million during the quarter, compared to analysts' expectations of $318.66 million. During the same quarter last year, the company posted $0.91 EPS. The firm's revenue was up 23.2% compared to the same quarter last year. On average, equities analysts predict that OSI Systems, Inc. will post 9.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OSIS shares. Wells Fargo & Company raised their price target on shares of OSI Systems from $170.00 to $172.00 and gave the stock an "overweight" rating in a report on Tuesday. Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a "buy" rating and a $175.00 price objective on the stock. Roth Mkm increased their target price on shares of OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Finally, B. Riley boosted their price target on shares of OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, OSI Systems currently has an average rating of "Moderate Buy" and an average target price of $173.00.

Insiders Place Their Bets

In other news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the transaction, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Deepak Chopra sold 20,000 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the transaction, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the sale, the director now owns 3,462 shares in the company, valued at approximately $479,175.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,107 shares of company stock worth $3,474,189 in the last quarter. 5.60% of the stock is owned by company insiders.

OSI Systems Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.