Wasatch Advisors Inc. purchased a new stake in Glaukos Corp (NYSE:GKOS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 25,771 shares of the medical instruments supplier’s stock, valued at approximately $661,000. Wasatch Advisors Inc. owned 0.07% of Glaukos at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ameritas Investment Partners Inc. grew its holdings in shares of Glaukos by 93.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,514 shares of the medical instruments supplier’s stock worth $104,000 after purchasing an additional 1,212 shares during the period. Valeo Financial Advisors LLC purchased a new position in Glaukos in the 3rd quarter worth approximately $111,000. BNP Paribas Arbitrage SA boosted its holdings in Glaukos by 740.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,539 shares of the medical instruments supplier’s stock worth $147,000 after acquiring an additional 3,118 shares during the period. Quantbot Technologies LP boosted its holdings in Glaukos by 291.3% in the 3rd quarter. Quantbot Technologies LP now owns 7,653 shares of the medical instruments supplier’s stock worth $252,000 after acquiring an additional 5,697 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Glaukos in the 2nd quarter worth approximately $262,000.
In other Glaukos news, CFO Joseph E. Gilliam purchased 2,100 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average price of $23.84 per share, with a total value of $50,064.00. Following the completion of the purchase, the chief financial officer now owns 102,100 shares in the company, valued at approximately $2,434,064. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 16.40% of the company’s stock.
A number of brokerages have issued reports on GKOS. BMO Capital Markets reaffirmed a “buy” rating on shares of Glaukos in a research report on Monday, December 11th. Cantor Fitzgerald set a $48.00 target price on Glaukos and gave the company a “buy” rating in a research report on Wednesday, December 27th. Zacks Investment Research raised Glaukos from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Stephens reissued an “overweight” rating and set a $40.00 price target (down from $47.00) on shares of Glaukos in a research report on Monday, November 13th. Finally, ValuEngine lowered Glaukos from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Glaukos currently has an average rating of “Buy” and a consensus target price of $44.86.
Glaukos Corp (GKOS) traded up $0.28 during trading hours on Monday, hitting $29.34. The stock had a trading volume of 199,046 shares, compared to its average volume of 473,317. Glaukos Corp has a 12 month low of $23.08 and a 12 month high of $52.49. The company has a market capitalization of $1,004.47, a PE ratio of -733.32, a price-to-earnings-growth ratio of 42.12 and a beta of 1.21.
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Glaukos Corporation is an ophthalmic medical technology company. The Company focuses on the development and commercialization of products and procedures for the treatment of glaucoma. It offers iStent, a micro-invasive glaucoma surgery (MIGS) device. The iStent is a micro-bypass stent inserted through the small corneal incision made during cataract surgery and placed into Schlemm’s canal, a circular channel in the eye that collects aqueous humor and delivers it back into the bloodstream.
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