Texas Permanent School Fund Grows Position in Cutera, Inc. (NASDAQ:CUTR)

Texas Permanent School Fund boosted its stake in shares of Cutera, Inc. (NASDAQ:CUTRGet Rating) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,946 shares of the medical device company’s stock after purchasing an additional 361 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Cutera worth $448,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Captrust Financial Advisors lifted its stake in Cutera by 592.2% during the 1st quarter. Captrust Financial Advisors now owns 533 shares of the medical device company’s stock valued at $37,000 after acquiring an additional 456 shares during the period. HighMark Wealth Management LLC lifted its stake in Cutera by 1,515.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 1,066 shares of the medical device company’s stock valued at $40,000 after acquiring an additional 1,000 shares during the period. KBC Group NV acquired a new stake in Cutera during the 2nd quarter valued at approximately $58,000. Nisa Investment Advisors LLC lifted its stake in Cutera by 31.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,900 shares of the medical device company’s stock valued at $109,000 after acquiring an additional 700 shares during the period. Finally, US Bancorp DE lifted its stake in Cutera by 143.3% during the 2nd quarter. US Bancorp DE now owns 3,898 shares of the medical device company’s stock valued at $146,000 after acquiring an additional 2,296 shares during the period.

Cutera Stock Performance

NASDAQ:CUTR opened at $42.67 on Wednesday. The company has a debt-to-equity ratio of 19.38, a quick ratio of 3.16 and a current ratio of 3.73. The company has a fifty day moving average of $45.21 and a two-hundred day moving average of $45.16. The stock has a market capitalization of $836.97 million, a PE ratio of -10.14 and a beta of 1.71. Cutera, Inc. has a fifty-two week low of $31.62 and a fifty-two week high of $74.38.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Stephens assumed coverage on shares of Cutera in a research note on Thursday, October 13th. They issued an “overweight” rating and a $78.00 target price for the company. Maxim Group reiterated a “buy” rating and issued a $80.00 target price on shares of Cutera in a research note on Friday, August 5th. Piper Sandler decreased their target price on shares of Cutera from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 5th. Finally, StockNews.com assumed coverage on shares of Cutera in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.75.

Cutera Profile

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Cutera, Inc, a medical device company, researches, develops, manufactures, markets, and services laser and energy-based aesthetics systems for practitioners worldwide. The company offers Secret PRO, a device that utilizes fractional CO2 for skin resurfacing and radio frequency (RF) microneedling for deep dermal remodeling; truSculpt flex, a bio-electrical muscle stimulation device to treat patients at all fitness levels; excel V+, a vascular and benign pigmented lesion treatment platform; truSculpt iD, for the non-surgical body sculpting market; and Secret RF, a fractional RF microneedling system for tissue coagulation and hemostasis.

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Institutional Ownership by Quarter for Cutera (NASDAQ:CUTR)

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