DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 235,010 Shares of Arm Holdings plc (NASDAQ:ARM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its position in Arm Holdings plc (NASDAQ:ARM - Free Report) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,674,147 shares of the company's stock after selling 235,010 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.35% of ARM worth $453,243,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in ARM by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 105,300 shares of the company's stock worth $12,990,000 after acquiring an additional 5,440 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in ARM by 333.8% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,884 shares of the company's stock valued at $849,000 after purchasing an additional 5,297 shares during the last quarter. Clarus Wealth Advisors acquired a new position in ARM in the fourth quarter valued at about $732,000. Envestnet Asset Management Inc. boosted its holdings in ARM by 0.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 43,124 shares of the company's stock worth $5,320,000 after buying an additional 353 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of ARM in the 4th quarter valued at about $471,000. 7.53% of the stock is owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of ARM stock opened at $123.85 on Thursday. Arm Holdings plc has a 52-week low of $80.00 and a 52-week high of $188.75. The stock has a market cap of $129.78 billion, a price-to-earnings ratio of 162.96, a PEG ratio of 6.33 and a beta of 4.39. The firm's 50-day moving average is $110.67 and its 200-day moving average is $132.66.

Analysts Set New Price Targets

ARM has been the subject of several recent analyst reports. Jefferies Financial Group upped their target price on shares of ARM from $170.00 to $195.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Loop Capital boosted their target price on ARM from $180.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Mizuho raised their price target on ARM from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Bank of America decreased their price objective on ARM from $180.00 to $144.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Raymond James raised their target price on shares of ARM from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.20.

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.

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