Regentatlantic Capital LLC lifted its holdings in shares of Canon Inc (NYSE:CAJ) by 135.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 120,999 shares of the technology company’s stock after acquiring an additional 69,620 shares during the period. Regentatlantic Capital LLC’s holdings in Canon were worth $4,525,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its holdings in Canon by 0.4% in the second quarter. Macquarie Group Ltd. now owns 2,188,904 shares of the technology company’s stock valued at $74,467,000 after acquiring an additional 9,515 shares during the period. Aperio Group LLC increased its position in shares of Canon by 2.8% in the third quarter. Aperio Group LLC now owns 1,406,553 shares of the technology company’s stock valued at $48,273,000 after buying an additional 37,864 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Canon by 13.1% in the third quarter. Parametric Portfolio Associates LLC now owns 843,481 shares of the technology company’s stock valued at $28,948,000 after buying an additional 97,986 shares in the last quarter. First Trust Advisors LP increased its position in shares of Canon by 0.5% in the third quarter. First Trust Advisors LP now owns 590,771 shares of the technology company’s stock valued at $20,275,000 after buying an additional 3,199 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Canon by 44.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 512,602 shares of the technology company’s stock valued at $17,439,000 after buying an additional 158,473 shares in the last quarter. 1.29% of the stock is owned by hedge funds and other institutional investors.
Shares of Canon Inc (NYSE CAJ) traded up $0.45 during trading hours on Wednesday, reaching $37.15. The company’s stock had a trading volume of 686,228 shares, compared to its average volume of 365,219. The company has a current ratio of 2.01, a quick ratio of 1.50 and a debt-to-equity ratio of 0.16. The stock has a market cap of $49,270.00, a PE ratio of 18.76, a P/E/G ratio of 2.05 and a beta of 0.60. Canon Inc has a 12 month low of $28.94 and a 12 month high of $40.67.
CAJ has been the subject of a number of recent analyst reports. ValuEngine upgraded Canon from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Canon from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $44.00.
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Canon Company Profile
Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory.
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