Bank of New York Mellon Corp Has $85,000 Stock Position in Luna Innovations Incorporated (NASDAQ:LUNA)

Bank of New York Mellon Corp lowered its stake in Luna Innovations Incorporated (NASDAQ:LUNA) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,390 shares of the scientific and technical instruments company’s stock after selling 17,031 shares during the period. Bank of New York Mellon Corp owned approximately 0.12% of Luna Innovations worth $85,000 as of its most recent filing with the SEC.

Separately, Needham Investment Management LLC boosted its holdings in shares of Luna Innovations by 150.0% in the 3rd quarter. Needham Investment Management LLC now owns 1,000,000 shares of the scientific and technical instruments company’s stock valued at $2,350,000 after purchasing an additional 600,000 shares in the last quarter. 87.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Luna Innovations in a research report on Monday, March 24th. They set a “sell” rating for the company.

Luna Innovations Stock Down 1.4 %

Shares of Luna Innovations stock opened at $0.70 on Monday. The firm’s 50 day moving average is $0.82 and its 200 day moving average is $1.42. Luna Innovations Incorporated has a 1 year low of $0.65 and a 1 year high of $3.89.

Luna Innovations Company Profile

Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.