NumerixS Investment Technologies Inc Purchases New Holdings in Acacia Communications, Inc. (NASDAQ:ACIA)

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NumerixS Investment Technologies Inc purchased a new stake in Acacia Communications, Inc. (NASDAQ:ACIA) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 4,790 shares of the technology company’s stock, valued at approximately $226,000.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in Acacia Communications in the 2nd quarter valued at about $31,000. Aperio Group LLC acquired a new stake in shares of Acacia Communications during the 2nd quarter worth approximately $88,000. Penserra Capital Management LLC acquired a new stake in shares of Acacia Communications during the 1st quarter worth approximately $126,000. First Quadrant L P CA acquired a new stake in shares of Acacia Communications during the 2nd quarter worth approximately $115,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Acacia Communications during the 2nd quarter worth approximately $120,000. 77.74% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ ACIA traded down $0.27 on Thursday, hitting $64.24. 11,438 shares of the company traded hands, compared to its average volume of 344,554. The business’s 50 day moving average price is $64.24 and its 200-day moving average price is $56.93. Acacia Communications, Inc. has a 52-week low of $32.98 and a 52-week high of $67.49. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 428.13, a P/E/G ratio of 3.77 and a beta of 1.77. The company has a current ratio of 4.18, a quick ratio of 3.82 and a debt-to-equity ratio of 0.03.

Acacia Communications (NASDAQ:ACIA) last posted its earnings results on Tuesday, August 6th. The technology company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $111.18 million for the quarter, compared to the consensus estimate of $108.68 million. Acacia Communications had a return on equity of 7.30% and a net margin of 5.30%. As a group, sell-side analysts predict that Acacia Communications, Inc. will post 0.87 earnings per share for the current year.

In other Acacia Communications news, CFO John F. Gavin sold 829 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $64.41, for a total transaction of $53,395.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Meridian Venture Partners Ii L sold 61,697 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $71.64, for a total value of $4,419,973.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,144 shares of company stock worth $6,274,944. Insiders own 9.30% of the company’s stock.

ACIA has been the subject of a number of recent analyst reports. Needham & Company LLC downgraded shares of Acacia Communications from a “buy” rating to a “hold” rating and set a $64.91 price target for the company. in a report on Wednesday, July 10th. UBS Group cut Acacia Communications from a “buy” rating to a “neutral” rating and lifted their target price for the company from $64.00 to $70.00 in a research report on Wednesday, July 10th. Citigroup lowered Acacia Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 16th. Piper Jaffray Companies lowered Acacia Communications from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $68.00 to $70.00 in a research note on Tuesday, July 9th. Finally, ValuEngine lowered Acacia Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Acacia Communications currently has a consensus rating of “Hold” and an average target price of $58.07.

Acacia Communications Profile

Acacia Communications, Inc develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally. The company offers embedded and pluggable module products consisting of optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second for use in long-haul, metro, and inter-data center markets.

Further Reading: Diluted Earnings Per Share

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Institutional Ownership by Quarter for Acacia Communications (NASDAQ:ACIA)

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