Robeco Institutional Asset Management B.V. Has $1.10 Million Holdings in Coherent, Inc. (COHR)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Coherent, Inc. (NASDAQ:COHR) by 159.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,672 shares of the scientific and technical instruments company’s stock after buying an additional 2,868 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Coherent were worth $1,099,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC increased its position in Coherent by 117.8% during the second quarter. SG Americas Securities LLC now owns 6,783 shares of the scientific and technical instruments company’s stock worth $1,526,000 after buying an additional 3,668 shares during the last quarter. Stevens Capital Management LP acquired a new position in Coherent during the second quarter worth $4,051,000. Russell Investments Group Ltd. increased its position in Coherent by 24.9% during the second quarter. Russell Investments Group Ltd. now owns 83,119 shares of the scientific and technical instruments company’s stock worth $18,701,000 after buying an additional 16,577 shares during the last quarter. BT Investment Management Ltd acquired a new position in Coherent during the second quarter worth $405,000. Finally, Airain ltd acquired a new position in Coherent during the second quarter worth $5,069,000. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on COHR. Benchmark Co. reissued a “buy” rating and set a $290.00 target price (down from $295.00) on shares of Coherent in a research report on Tuesday, August 8th. Barclays PLC began coverage on shares of Coherent in a research report on Monday, August 7th. They set an “overweight” rating and a $285.00 target price on the stock. UBS AG raised shares of Coherent from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Coherent from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Susquehanna Bancshares Inc raised shares of Coherent from a “neutral” rating to a “positive” rating and increased their target price for the stock from $255.00 to $275.00 in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $293.22.

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In related news, CEO John Ambroseo sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $250.00, for a total value of $6,250,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen A. Skaggs sold 500 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $217.58, for a total transaction of $108,790.00. Following the completion of the transaction, the director now owns 11,500 shares in the company, valued at approximately $2,502,170. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Coherent Profile

Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

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Institutional Ownership by Quarter for Coherent (NASDAQ:COHR)

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