Assenagon Asset Management S.A. Has $643,000 Stock Position in AeroVironment, Inc. (NASDAQ:AVAV)

Assenagon Asset Management S.A. lowered its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 91.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,392 shares of the aerospace company’s stock after selling 58,527 shares during the quarter. Assenagon Asset Management S.A.’s holdings in AeroVironment were worth $643,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AVAV. CoreCap Advisors LLC increased its position in AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock worth $28,000 after buying an additional 101 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in AeroVironment by 171.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company’s stock worth $29,000 after buying an additional 154 shares during the last quarter. Colonial Trust Advisors acquired a new position in AeroVironment during the fourth quarter worth approximately $31,000. Accredited Wealth Management LLC acquired a new position in AeroVironment during the fourth quarter worth approximately $31,000. Finally, Blue Trust Inc. increased its position in AeroVironment by 2,950.0% during the fourth quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock worth $47,000 after buying an additional 295 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Price Performance

AeroVironment stock opened at $190.04 on Thursday. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $236.60. The stock’s 50 day moving average is $166.31 and its 200-day moving average is $157.98. The company has a current ratio of 4.22, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 161.05 and a beta of 0.81.

Wall Street Analyst Weigh In

AVAV has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $190.00 price target on shares of AeroVironment in a research report on Monday, May 12th. Wall Street Zen downgraded AeroVironment from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Jefferies Financial Group decreased their target price on AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Robert W. Baird upped their target price on AeroVironment from $146.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $208.50.

Insider Activity at AeroVironment

In related news, CEO Wahid Nawabi sold 29,366 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $128.20, for a total value of $3,764,721.20. Following the completion of the sale, the chief executive officer now directly owns 115,174 shares in the company, valued at approximately $14,765,306.80. The trade was a 20.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.27% of the stock is currently owned by corporate insiders.

AeroVironment Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.