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Keywise Capital Management LTD Trimmed Holding in Ipg Photonics Corp (IPGP) by $14.15 Million as Stock Price Declined

IPG Photonics Corporation (NASDAQ:IPGP) LogoInvestors sentiment increased to 0.99 in 2018 Q2. Its up 0.15, from 0.84 in 2018Q1. It improved, as 28 investors sold IPGP shares while 153 reduced holdings. 56 funds opened positions while 123 raised stakes. 29.78 million shares or 3.03% more from 28.90 million shares in 2018Q1 were reported. Northwestern Mutual Wealth Management Co holds 29 shares. Thompson Siegel And Walmsley owns 1,500 shares. Kidder Stephen W accumulated 0.77% or 9,119 shares. Motley Fool Wealth Mngmt Ltd Limited Liability Company holds 2.92% or 187,124 shares. Pinebridge Invs Limited Partnership has 0.06% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 10,741 shares. Stevens Ltd Partnership reported 0.08% stake. Fulton Bancshares Na reported 1,092 shares. Keywise Management Ltd owns 15.77% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 211,000 shares. 1,400 were reported by S&Co. Assetmark, a California-based fund reported 774 shares. Dorsey Wright Associate holds 20,950 shares. Los Angeles Capital Management Equity Research Inc reported 52,548 shares. 28,217 were accumulated by Great West Life Assurance Com Can. Toronto Dominion Savings Bank stated it has 0.01% in IPG Photonics Corporation (NASDAQ:IPGP). Earnest Ptnrs Limited Liability Corporation holds 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP) for 26 shares.

Since May 11, 2018, it had 0 insider buys, and 1 sale for $491,260 activity. Shares for $1.32M were sold by HURLEY WILLIAM S.

Keywise Capital Management Ltd decreased its stake in Ipg Photonics Corp (IPGP) by 23.36% based on its latest 2018Q2 regulatory filing with the SEC. Keywise Capital Management Ltd sold 64,300 shares as the company’s stock declined 34.76% while stock markets rallied. The hedge fund held 211,000 shares of the semiconductors company at the end of 2018Q2, valued at $46.55 million, down from 275,300 at the end of the previous reported quarter. Keywise Capital Management Ltd who had been investing in Ipg Photonics Corp for a number of months, seems to be less bullish one the $7.36B market cap company. The stock decreased 2.27% or $3.2 during the last trading session, reaching $137.79. About 506,273 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has declined 11.55% since November 10, 2017 and is downtrending. It has underperformed by 27.17% the S&P500.

Keywise Capital Management Ltd, which manages about $1.77B and $295.14M US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 195,400 shares to 347,413 shares, valued at $64.46M in 2018Q2, according to the filing.

More important recent IPG Photonics Corporation (NASDAQ:IPGP) news were published by: Globenewswire.com which released: “IPG Photonics Announces New Generation of High Power Fiber Lasers” on November 02, 2018, also Seekingalpha.com published article titled: “IPG Photonics -14% after Q3 miss, downside guidance”, Nasdaq.com published: “Research Report Identifies Brookfield Asset Management, Becton, Dickinson, IPG Photonics, ASML Holding NV …” on October 19, 2018. More interesting news about IPG Photonics Corporation (NASDAQ:IPGP) was released by: Globenewswire.com and their article: “IPG Photonics to Participate in Upcoming Investor Conferences” with publication date: October 24, 2018.

IPG Photonics Corporation (NASDAQ:IPGP) Ratings Coverage

Among 4 analysts covering IPG Photonics Corporation (NASDAQ:IPGP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. IPG Photonics Corporation had 5 analyst reports since May 21, 2018 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 1. The rating was upgraded by Raymond James on Friday, September 21 to “Strong Buy”. The stock has “Neutral” rating by Longbow on Friday, September 28. The rating was maintained by Stifel Nicolaus on Monday, October 8 with “Buy”.

IPG Photonics Corporation (NASDAQ:IPGP) Institutional Positions Chart

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