OSI Systems, Inc. $OSIS Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its OSI Systems stake by 81.7% in the second quarter, leaving it with 2,845 shares worth approximately $622,000.
• Other major institutional investors increased their holdings, and institutional investors collectively own 89.21% of OSI Systems stock.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $291.86, despite several recent target-price reductions and one downgrade to “Hold.”

Assenagon Asset Management S.A. cut its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 81.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,845 shares of the technology company's stock after selling 12,682 shares during the period. Assenagon Asset Management S.A.'s holdings in OSI Systems were worth $622,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of OSIS. Janus Henderson Group PLC grew its position in shares of OSI Systems by 2.6% in the 1st quarter. Janus Henderson Group PLC now owns 772,314 shares of the technology company's stock valued at $205,056,000 after buying an additional 19,747 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of OSI Systems by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 410,963 shares of the technology company's stock valued at $104,836,000 after acquiring an additional 16,692 shares during the period. UBS Group AG raised its position in OSI Systems by 63.8% in the 3rd quarter. UBS Group AG now owns 316,334 shares of the technology company's stock valued at $78,843,000 after purchasing an additional 123,212 shares during the last quarter. Clark Capital Management Group Inc. raised its position in OSI Systems by 2.6% in the 4th quarter. Clark Capital Management Group Inc. now owns 266,114 shares of the technology company's stock valued at $67,875,000 after purchasing an additional 6,663 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in OSI Systems by 4.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 255,062 shares of the technology company's stock worth $65,057,000 after purchasing an additional 10,144 shares during the period. Institutional investors and hedge funds own 89.21% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on OSIS. Roth Capital reiterated a "buy" rating and set a $310.00 target price on shares of OSI Systems in a research note on Tuesday, May 5th. Bank of America dropped their target price on OSI Systems from $315.00 to $300.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Citigroup reduced their target price on OSI Systems from $345.00 to $279.00 and set a "buy" rating for the company in a report on Monday, May 18th. Finally, Weiss Ratings cut shares of OSI Systems from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $291.86.

OSI Systems Price Performance

Shares of NASDAQ:OSIS opened at $228.27 on Friday. The business's fifty day moving average price is $220.47 and its two-hundred day moving average price is $248.76. The stock has a market cap of $3.76 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.71 and a beta of 1.21. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.42 and a current ratio of 3.25. OSI Systems, Inc. has a one year low of $197.27 and a one year high of $311.72.

About OSI Systems

OSI Systems, Inc NASDAQ: OSIS is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.

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