Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 62.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 110,569 shares of the company’s stock after selling 187,138 shares during the period. Assenagon Asset Management S.A. owned approximately 0.07% of Resideo Technologies worth $1,957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quarry LP acquired a new stake in Resideo Technologies in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc boosted its position in Resideo Technologies by 52.1% in the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company’s stock valued at $56,000 after buying an additional 1,087 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Resideo Technologies by 293.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company’s stock valued at $60,000 after acquiring an additional 1,939 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Resideo Technologies by 705.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company’s stock worth $110,000 after acquiring an additional 4,165 shares in the last quarter. Finally, Natixis acquired a new position in shares of Resideo Technologies in the fourth quarter worth about $115,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Stock Down 1.0%

Shares of Resideo Technologies stock opened at $20.89 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.94 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $18.90 and a 200 day moving average price of $20.55. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. The firm has a market cap of $3.10 billion, a P/E ratio of 65.29 and a beta of 2.19.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price target on shares of Resideo Technologies from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, June 3rd.

Insider Activity at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the completion of the purchase, the insider now directly owns 5,754,501 shares in the company, valued at approximately $100,013,227.38. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.