Mercury Systems, Inc. (NASDAQ:MRCY) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 190.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,476 shares of the technology company's stock after buying an additional 99,391 shares during the period. Deutsche Bank AG owned approximately 0.25% of Mercury Systems worth $6,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sterling Capital Management LLC grew its position in Mercury Systems by 762.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after acquiring an additional 1,449 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Mercury Systems in the 4th quarter worth approximately $75,000. KBC Group NV increased its position in shares of Mercury Systems by 49.4% during the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company's stock valued at $105,000 after purchasing an additional 825 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Mercury Systems by 52.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company's stock valued at $189,000 after purchasing an additional 1,549 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in Mercury Systems during the 4th quarter valued at $204,000. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Trading Down 2.4%

MRCY traded down $1.15 on Wednesday, reaching $46.90. 510,571 shares of the company traded hands, compared to its average volume of 578,800. The company has a market cap of $2.80 billion, a P/E ratio of -30.06 and a beta of 0.70. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The firm has a fifty day simple moving average of $46.56 and a two-hundred day simple moving average of $43.51.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The business had revenue of $211.36 million for the quarter, compared to analyst estimates of $204.25 million. During the same quarter in the prior year, the business posted ($0.26) EPS. Mercury Systems's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities research analysts expect that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Analyst Ratings Changes

MRCY has been the subject of several recent analyst reports. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and lifted their price target for the stock from $49.00 to $56.00 in a research note on Thursday, March 13th. Royal Bank of Canada upped their price target on shares of Mercury Systems from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group boosted their target price on Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $46.71.

Insider Transactions at Mercury Systems

In other Mercury Systems news, EVP Steven Ratner sold 3,892 shares of Mercury Systems stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $47.70, for a total transaction of $185,648.40. Following the completion of the transaction, the executive vice president now owns 56,187 shares in the company, valued at approximately $2,680,119.90. This trade represents a 6.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jana Partners Management, Lp sold 88,152 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.27, for a total value of $4,078,793.04. Following the completion of the transaction, the director now directly owns 6,861,313 shares of the company's stock, valued at approximately $317,472,952.51. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.