Dalton Greiner Hartman Maher Co buys $14,670,622 stake in IPG Photonics Corporation (IPGP)

IPG Photonics Corporation (IPGP) : Dalton Greiner Hartman Maher Co scooped up 43,525 additional shares in IPG Photonics Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 178,801 shares of IPG Photonics Corporation which is valued at $14,670,622.IPG Photonics Corporation makes up approximately 0.97% of Dalton Greiner Hartman Maher Co’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in IPGP by selling 54 shares or 29.67% in the most recent quarter. The Hedge Fund company now holds 128 shares of IPGP which is valued at $10,502.Nisa Investment Advisors boosted its stake in IPGP in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 4,800 shares of IPG Photonics Corporation which is valued at $400,560. IPG Photonics Corporation makes up approx 0.01% of Nisa Investment Advisors’s portfolio.Capstone Asset Management Co reduced its stake in IPGP by selling 120 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 4,510 shares of IPGP which is valued at $376,360. IPG Photonics Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in IPGP in the latest quarter, The investment management firm added 252 additional shares and now holds a total of 12,633 shares of IPG Photonics Corporation which is valued at $1,078,732. IPG Photonics Corporation makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio. Cupps Capital Management sold out all of its stake in IPGP during the most recent quarter. The investment firm sold 5,529 shares of IPGP which is valued $472,121.

IPG Photonics Corporation closed down -1.94 points or -2.27% at $83.45 with 1,73,621 shares getting traded on Tuesday. Post opening the session at $85.18, the shares hit an intraday low of $83.35 and an intraday high of $85.885 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 $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.19. The company had revenue of $252.80 million for the quarter, compared to analysts expectations of $243.43 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

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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