Fmr LLC Trims Holdings in Glaukos Co. (NYSE:GKOS)

Fmr LLC decreased its stake in shares of Glaukos Co. (NYSE:GKOS - Free Report) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,111,756 shares of the medical instruments supplier's stock after selling 472,732 shares during the period. Fmr LLC owned 11.08% of Glaukos worth $916,397,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GKOS. Vanguard Group Inc. raised its holdings in shares of Glaukos by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 5,974,971 shares of the medical instruments supplier's stock valued at $895,887,000 after acquiring an additional 101,838 shares in the last quarter. State Street Corp lifted its position in Glaukos by 5.3% during the third quarter. State Street Corp now owns 1,954,449 shares of the medical instruments supplier's stock valued at $254,626,000 after purchasing an additional 98,109 shares during the last quarter. Geode Capital Management LLC grew its stake in Glaukos by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,197,215 shares of the medical instruments supplier's stock worth $179,555,000 after buying an additional 25,199 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Glaukos by 1,235.4% in the 4th quarter. Alliancebernstein L.P. now owns 816,153 shares of the medical instruments supplier's stock worth $122,374,000 after buying an additional 755,035 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Glaukos during the 4th quarter valued at $121,390,000. Institutional investors own 99.04% of the company's stock.

Glaukos Trading Up 2.7 %

Shares of GKOS opened at $85.87 on Tuesday. The firm has a fifty day simple moving average of $122.46 and a two-hundred day simple moving average of $134.38. Glaukos Co. has a twelve month low of $77.91 and a twelve month high of $163.71. The stock has a market capitalization of $4.86 billion, a P/E ratio of -29.92 and a beta of 0.88. The company has a quick ratio of 4.71, a current ratio of 5.54 and a debt-to-equity ratio of 0.19.

Glaukos (NYSE:GKOS - Get Free Report) last posted its earnings results on Thursday, February 20th. The medical instruments supplier reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.02). The firm had revenue of $105.50 million for the quarter, compared to analysts' expectations of $100.72 million. Glaukos had a negative return on equity of 16.53% and a negative net margin of 39.04%. On average, research analysts anticipate that Glaukos Co. will post -1.08 EPS for the current year.

Insider Buying and Selling

In related news, CFO Alex R. Thurman sold 1,520 shares of Glaukos stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $106.84, for a total value of $162,396.80. Following the completion of the sale, the chief financial officer now directly owns 53,431 shares in the company, valued at approximately $5,708,568.04. This trade represents a 2.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tomas Navratil sold 3,416 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $147.14, for a total transaction of $502,630.24. Following the transaction, the insider now directly owns 72,437 shares of the company's stock, valued at $10,658,380.18. The trade was a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GKOS shares. Wells Fargo & Company upped their target price on shares of Glaukos from $153.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Stifel Nicolaus upped their price objective on Glaukos from $153.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Citigroup raised Glaukos from a "neutral" rating to a "buy" rating and raised their price objective for the company from $132.00 to $162.00 in a report on Wednesday, December 11th. Piper Sandler reaffirmed an "overweight" rating and issued a $180.00 target price (up previously from $140.00) on shares of Glaukos in a research note on Monday, January 27th. Finally, Truist Financial increased their price target on shares of Glaukos from $152.00 to $185.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $163.25.

View Our Latest Stock Report on Glaukos

Glaukos Profile

Glaukos Corporation, an ophthalmic pharmaceutical and medical technology company, focuses on the development of novel therapies for the treatment of glaucoma, corneal disorders, and retinal diseases. It offers iStent and iStent inject W micro-bypass stents that enhance aqueous humor outflow inserted in cataract surgery to treat mild-to-moderate open-angle glaucoma.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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