FDx Advisors Inc. Purchases New Holdings in Insulet Co. (NASDAQ:PODD)

FDx Advisors Inc. purchased a new stake in Insulet Co. (NASDAQ:PODDGet Rating) in the first quarter, HoldingsChannel reports. The firm purchased 774 shares of the medical instruments supplier’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Granite Investment Partners LLC increased its holdings in shares of Insulet by 30.2% in the first quarter. Granite Investment Partners LLC now owns 53,453 shares of the medical instruments supplier’s stock valued at $14,239,000 after purchasing an additional 12,401 shares in the last quarter. Atria Investments LLC acquired a new stake in shares of Insulet in the first quarter valued at approximately $1,103,000. Signaturefd LLC increased its holdings in shares of Insulet by 41.0% in the first quarter. Signaturefd LLC now owns 378 shares of the medical instruments supplier’s stock valued at $101,000 after purchasing an additional 110 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in Insulet by 36.8% during the 1st quarter. Arkadios Wealth Advisors now owns 1,108 shares of the medical instruments supplier’s stock worth $295,000 after acquiring an additional 298 shares during the period. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in Insulet during the 1st quarter worth $2,773,000.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup lowered shares of Insulet from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $310.00 to $250.00 in a report on Monday, July 11th. Wells Fargo & Company lowered their target price on shares of Insulet from $357.00 to $345.00 in a report on Friday, May 6th. Morgan Stanley lowered their target price on shares of Insulet from $268.00 to $244.00 and set an “equal weight” rating for the company in a report on Tuesday, June 7th. Finally, BTIG Research reduced their price target on shares of Insulet from $310.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, June 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Insulet has an average rating of “Moderate Buy” and a consensus price target of $286.73.

Insiders Place Their Bets

In other Insulet news, COO Charles Alpuche sold 6,000 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $215.32, for a total transaction of $1,291,920.00. Following the sale, the chief operating officer now directly owns 43,899 shares of the company’s stock, valued at approximately $9,452,332.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Shacey Petrovic sold 15,000 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $222.90, for a total transaction of $3,343,500.00. Following the transaction, the director now directly owns 13,695 shares in the company, valued at approximately $3,052,615.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Charles Alpuche sold 6,000 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $215.32, for a total transaction of $1,291,920.00. Following the transaction, the chief operating officer now owns 43,899 shares in the company, valued at $9,452,332.68. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Insulet Trading Up 0.1 %

PODD opened at $247.80 on Friday. The stock has a market capitalization of $17.18 billion, a P/E ratio of 393.34 and a beta of 0.70. Insulet Co. has a 12 month low of $181.00 and a 12 month high of $324.81. The firm’s fifty day simple moving average is $223.46 and its 200 day simple moving average is $235.21. The company has a current ratio of 5.98, a quick ratio of 4.51 and a debt-to-equity ratio of 3.11.

Insulet (NASDAQ:PODDGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The medical instruments supplier reported $0.40 EPS for the quarter, topping the consensus estimate of $0.23 by $0.17. Insulet had a net margin of 3.91% and a return on equity of 15.81%. The firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $287.99 million. Insulet’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, research analysts anticipate that Insulet Co. will post 1.3 EPS for the current fiscal year.

Insulet Company Profile

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Insulet Corporation develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes. It offers Omnipod System, a self-adhesive disposable tubeless Omnipod device that is worn on the body for up to three days at a time, as well as its wireless companion, the handheld personal diabetes manager.

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Institutional Ownership by Quarter for Insulet (NASDAQ:PODD)

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