Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 62.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,569 shares of the company's stock after selling 187,138 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of Resideo Technologies worth $1,957,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new position in Resideo Technologies during the fourth quarter worth $28,000. Versant Capital Management Inc increased its position in Resideo Technologies by 52.1% during the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock worth $56,000 after buying an additional 1,087 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Resideo Technologies by 293.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after buying an additional 1,939 shares in the last quarter. Sterling Capital Management LLC increased its position in Resideo Technologies by 705.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after buying an additional 4,165 shares in the last quarter. Finally, Natixis purchased a new position in Resideo Technologies during the fourth quarter worth $115,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the completion of the acquisition, the insider now directly owns 5,754,501 shares of the company's stock, valued at $100,013,227.38. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Resideo Technologies Price Performance

Resideo Technologies stock traded up $0.05 during mid-day trading on Friday, hitting $21.01. 4,085,403 shares of the company were exchanged, compared to its average volume of 995,882. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.94 and a quick ratio of 1.16. The business's 50 day simple moving average is $19.21 and its two-hundred day simple moving average is $20.41. The company has a market capitalization of $3.12 billion, a P/E ratio of 65.64 and a beta of 2.19. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price target on Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd.

Resideo Technologies Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.