Systemax Inc. (NYSE:SYX) Stake Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its stake in shares of Systemax Inc. (NYSE:SYX) by 29.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,646 shares of the company’s stock after acquiring an additional 13,647 shares during the period. Schwab Charles Investment Management Inc. owned about 0.16% of Systemax worth $1,603,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Systemax by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,325,811 shares of the company’s stock valued at $24,925,000 after buying an additional 12,313 shares during the period. Vanguard Group Inc. grew its stake in shares of Systemax by 37.9% during the 2nd quarter. Vanguard Group Inc. now owns 831,951 shares of the company’s stock valued at $15,640,000 after buying an additional 228,829 shares during the period. State Street Corp grew its stake in shares of Systemax by 22.9% during the 2nd quarter. State Street Corp now owns 205,907 shares of the company’s stock valued at $3,872,000 after buying an additional 38,352 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Systemax by 24.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 190,341 shares of the company’s stock valued at $5,030,000 after buying an additional 37,129 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Systemax by 11.7% during the 2nd quarter. Northern Trust Corp now owns 175,262 shares of the company’s stock valued at $3,295,000 after buying an additional 18,333 shares during the period. Institutional investors own 27.16% of the company’s stock.

Shares of Systemax Inc. (NYSE:SYX) traded up $0.42 during mid-day trading on Monday, reaching $29.90. 89,427 shares of the company’s stock were exchanged, compared to its average volume of 111,301. Systemax Inc. has a 52-week low of $7.05 and a 52-week high of $34.91. The firm has a market cap of $1,092.87, a price-to-earnings ratio of 299.03 and a beta of 0.11.

Separately, Sidoti cut shares of Systemax from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th.

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About Systemax

Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.

Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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