Catalyst Funds Management Pty Ltd Buys New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

Catalyst Funds Management Pty Ltd purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 113,600 shares of the company’s stock, valued at approximately $3,463,000. Super Micro Computer accounts for 0.8% of Catalyst Funds Management Pty Ltd’s investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Super Micro Computer by 968.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock worth $111,287,000 after purchasing an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after acquiring an additional 2,616,757 shares in the last quarter. State Street Corp increased its holdings in shares of Super Micro Computer by 4.3% in the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after acquiring an additional 88,692 shares during the last quarter. Swiss National Bank raised its position in shares of Super Micro Computer by 851.9% during the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after acquiring an additional 1,332,400 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after purchasing an additional 1,192,366 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last 90 days. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Up 7.9 %

SMCI stock opened at $42.17 on Friday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $114.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a fifty day moving average of $38.01 and a 200-day moving average of $38.22. The stock has a market capitalization of $25.03 billion, a PE ratio of 21.17 and a beta of 1.21.

Wall Street Analyst Weigh In

SMCI has been the topic of several recent analyst reports. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research note on Thursday, March 6th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays assumed coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $52.57.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.