Harvest Management LLC Takes Position in Invuity Inc (IVTY)

Harvest Management LLC acquired a new position in shares of Invuity Inc (NASDAQ:IVTY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 118,800 shares of the medical instruments supplier’s stock, valued at approximately $879,000. Invuity accounts for about 0.5% of Harvest Management LLC’s holdings, making the stock its 27th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of IVTY. Gabelli Funds LLC acquired a new position in shares of Invuity during the third quarter worth approximately $6,398,000. Kassirer Asset Management Corp acquired a new position in shares of Invuity during the third quarter worth approximately $4,126,000. Cannell Capital LLC boosted its position in shares of Invuity by 36.2% during the second quarter. Cannell Capital LLC now owns 1,498,034 shares of the medical instruments supplier’s stock worth $5,842,000 after buying an additional 398,034 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Invuity during the third quarter worth approximately $2,597,000. Finally, Millennium Management LLC boosted its position in shares of Invuity by 30.1% during the second quarter. Millennium Management LLC now owns 668,280 shares of the medical instruments supplier’s stock worth $2,606,000 after buying an additional 154,614 shares during the period. Institutional investors and hedge funds own 55.34% of the company’s stock.

A number of equities research analysts have weighed in on the company. Piper Jaffray Companies downgraded Invuity from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 11th. William Blair downgraded Invuity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 11th. Northland Securities downgraded Invuity from an “outperform” rating to a “market perform” rating in a research report on Monday, September 17th. Leerink Swann downgraded Invuity from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 12th. Finally, ValuEngine upgraded Invuity from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Invuity presently has a consensus rating of “Hold” and a consensus price target of $5.08.

IVTY opened at $7.39 on Friday. Invuity Inc has a 1-year low of $2.35 and a 1-year high of $9.55.

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Invuity Company Profile

Invuity, Inc, a medical technology company, develops and markets surgical devices in the United States and Asia. The company through its intelligent photonics technology platform develops single-use and reusable illuminated surgical devices, which provide surgeons with illumination and direct visualization of surgical cavities.

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Institutional Ownership by Quarter for Invuity (NASDAQ:IVTY)

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