Natixis Advisors LLC Acquires 431,337 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Natixis Advisors LLC raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 463.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 524,487 shares of the communications equipment provider's stock after acquiring an additional 431,337 shares during the period. Natixis Advisors LLC's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $3,976,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ERIC. GAMMA Investing LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 131.2% in the 2nd quarter. GAMMA Investing LLC now owns 5,464 shares of the communications equipment provider's stock valued at $34,000 after buying an additional 3,101 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 225.5% during the third quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider's stock worth $43,000 after purchasing an additional 3,924 shares during the period. BOKF NA bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 2nd quarter valued at about $41,000. Allspring Global Investments Holdings LLC increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 37.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,029 shares of the communications equipment provider's stock worth $56,000 after purchasing an additional 2,458 shares in the last quarter. Finally, Vest Financial LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 1.6 %

ERIC stock traded up $0.13 during midday trading on Friday, hitting $8.14. The company's stock had a trading volume of 25,117,027 shares, compared to its average volume of 19,058,276. The company's fifty day moving average price is $7.97 and its 200 day moving average price is $7.01. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.95. The stock has a market capitalization of $27.13 billion, a P/E ratio of -271.33 and a beta of 0.81.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The communications equipment provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 13.31% and a negative net margin of 0.47%. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.73 billion. As a group, equities research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.44 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a "neutral" rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.70.

About Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.