DE Burlo Group Inc. reduced its stake in shares of Cutera, Inc. (NASDAQ:CUTR) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,600 shares of the medical device company’s stock after selling 6,700 shares during the period. DE Burlo Group Inc. owned about 0.60% of Cutera worth $3,745,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Balter Liquid Alternatives LLC acquired a new position in Cutera during the 4th quarter worth $460,000. LS Investment Advisors LLC acquired a new position in Cutera during the 4th quarter worth $244,000. Swiss National Bank acquired a new position in Cutera during the 4th quarter worth $1,025,000. California Public Employees Retirement System grew its holdings in Cutera by 36.2% during the 4th quarter. California Public Employees Retirement System now owns 66,939 shares of the medical device company’s stock worth $3,036,000 after acquiring an additional 17,806 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Cutera during the 4th quarter worth $206,000. 88.07% of the stock is owned by institutional investors.
In other news, Director David B. Apfelberg sold 1,000 shares of Cutera stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $42.55, for a total value of $42,550.00. Following the completion of the transaction, the director now directly owns 8,055 shares of the company’s stock, valued at approximately $342,740.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James A. Reinstein sold 7,175 shares of Cutera stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $45.35, for a total transaction of $325,386.25. Following the completion of the transaction, the insider now directly owns 132,284 shares of the company’s stock, valued at $5,999,079.40. The disclosure for this sale can be found here. Insiders sold a total of 25,018 shares of company stock valued at $1,147,316 over the last ninety days. Company insiders own 3.30% of the company’s stock.
Cutera, Inc. (NASDAQ:CUTR) opened at $45.95 on Wednesday. Cutera, Inc. has a fifty-two week low of $18.50 and a fifty-two week high of $52.90. The company has a market cap of $638.71, a PE ratio of 59.10, a PEG ratio of 1.37 and a beta of 0.41.
Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Cutera from a “hold” rating to a “sell” rating in a report on Monday, January 1st. BidaskClub raised shares of Cutera from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Maxim Group reaffirmed a “hold” rating on shares of Cutera in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cutera presently has an average rating of “Buy” and an average target price of $37.33.
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Cutera, Inc is a medical device company. The Company is engaged in the design, development, manufacture, marketing and servicing of laser and other energy-based aesthetics systems for practitioners across the world. The Company offers products based on product platforms, such as enlighten, excel HR, truSculpt, excel V and xeo, each of which enables physicians and other practitioners to perform aesthetic procedures for customers.
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