State Street Corp Buys 6,231 Shares of Analogic Corporation (ALOG)

State Street Corp raised its position in shares of Analogic Corporation (NASDAQ:ALOG) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 325,533 shares of the medical research company’s stock after buying an additional 6,231 shares during the period. State Street Corp owned approximately 2.61% of Analogic Corporation worth $24,709,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Analogic Corporation during the first quarter worth approximately $101,000. State of Alaska Department of Revenue increased its position in shares of Analogic Corporation by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 1,380 shares of the medical research company’s stock worth $104,000 after buying an additional 40 shares in the last quarter. US Bancorp DE increased its position in shares of Analogic Corporation by 59.0% in the first quarter. US Bancorp DE now owns 1,635 shares of the medical research company’s stock worth $124,000 after buying an additional 607 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new position in shares of Analogic Corporation during the first quarter worth approximately $185,000. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Analogic Corporation by 2.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,850 shares of the medical research company’s stock worth $216,000 after buying an additional 70 shares in the last quarter.

Analogic Corporation (ALOG) opened at 69.50 on Friday. The company’s market cap is $866.67 million. The firm has a 50-day moving average price of $70.79 and a 200-day moving average price of $73.32. Analogic Corporation has a 12-month low of $66.00 and a 12-month high of $95.85.

Analogic Corporation (NASDAQ:ALOG) last issued its earnings results on Tuesday, June 6th. The medical research company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $122.16 million during the quarter, compared to analyst estimates of $121.35 million. Analogic Corporation had a positive return on equity of 6.75% and a negative net margin of 7.97%. Analogic Corporation’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. On average, equities research analysts forecast that Analogic Corporation will post $2.60 earnings per share for the current fiscal year.

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Separately, Jefferies Group LLC started coverage on Analogic Corporation in a report on Wednesday, August 9th. They set a “hold” rating and a $75.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $87.00.

About Analogic Corporation

Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.

Institutional Ownership by Quarter for Analogic Corporation (NASDAQ:ALOG)

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