Page Arthur B buys $405,638 stake in IPG Photonics Corporation (IPGP)

IPG Photonics Corporation (IPGP) : Page Arthur B scooped up 50 additional shares in IPG Photonics Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 27, 2016. The investment management firm now holds a total of 4,690 shares of IPG Photonics Corporation which is valued at $405,638.IPG Photonics Corporation makes up approximately 0.41% of Page Arthur B’s portfolio.

Other Hedge Funds, Including , Hemenway Trust Co boosted its stake in IPGP in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 62,377 shares of IPG Photonics Corporation which is valued at $5.4 Million. IPG Photonics Corporation makes up approx 1.46% of Hemenway Trust Co’s portfolio.Envestnet Asset Management Inc boosted its stake in IPGP in the latest quarter, The investment management firm added 3,738 additional shares and now holds a total of 12,858 shares of IPG Photonics Corporation which is valued at $1.1 Million.Clearbridge Investments reduced its stake in IPGP by selling 66,688 shares or 12.1% in the most recent quarter. The Hedge Fund company now holds 484,434 shares of IPGP which is valued at $39.9 Million. IPG Photonics Corporation makes up approx 0.05% of Clearbridge Investments’s portfolio.Parallax Volatility Advisers boosted its stake in IPGP in the latest quarter, The investment management firm added 1,975 additional shares and now holds a total of 2,124 shares of IPG Photonics Corporation which is valued at $174,954. IPG Photonics Corporation makes up approx 0.01% of Parallax Volatility Advisers’s portfolio.Geode Capital Management boosted its stake in IPGP in the latest quarter, The investment management firm added 11,364 additional shares and now holds a total of 237,334 shares of IPG Photonics Corporation which is valued at $19.5 Million. IPG Photonics Corporation makes up approx 0.01% of Geode Capital Management’s portfolio.

IPG Photonics Corporation closed down -0.25 points or -0.29% at $87.23 with 1,86,995 shares getting traded on Tuesday. Post opening the session at $87.36, the shares hit an intraday low of $86.9 and an intraday high of $87.5 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, IPG Photonics Corporation reported $0.92 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.99. The company had revenue of $207.20 million for the quarter, compared to analysts expectations of $209.50 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on IPG Photonics Corporation. FBR Capital Initiated IPG Photonics Corporation on May 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $92.IPG Photonics Corporation was Downgraded by Credit Agricole to ” Outperform” on Apr 29, 2016. Shares were Reiterated by The Benchmark Company on Apr 28, 2016 to “Buy” and Lowered the Price Target to $ 93 from a previous price target of $98 .

IPG Photonics Corporation is a developer and manufacturer of a range of fiber lasers fiber amplifiers and diode lasers that are used for various applications primarily in materials processing. The Company offers a line of lasers and amplifiers which are used in materials processing advanced communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs) system integrators and end users and markets its products internationally through direct sales force. It designs and manufactures packaged diodes direct diode lasers laser systems communications systems and materials processing laser systems that utilize its optical fiber-based products as well as other laser sources. It also manufactures complementary products used with its lasers including optical delivery cables fiber couplers beam switches optical processing heads and chillers.

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