DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Acquired by M&G Plc

M&G Plc lifted its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,045 shares of the medical instruments supplier’s stock after acquiring an additional 10,382 shares during the period. M&G Plc owned 0.18% of DENTSPLY SIRONA worth $9,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XRAY. Raymond James Trust N.A. increased its holdings in shares of DENTSPLY SIRONA by 4.9% in the second quarter. Raymond James Trust N.A. now owns 9,658 shares of the medical instruments supplier’s stock valued at $241,000 after purchasing an additional 453 shares during the period. State of Alaska Department of Revenue raised its position in DENTSPLY SIRONA by 2.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 23,545 shares of the medical instruments supplier’s stock worth $637,000 after buying an additional 560 shares during the last quarter. LRI Investments LLC lifted its stake in DENTSPLY SIRONA by 82.7% during the 2nd quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier’s stock valued at $31,000 after acquiring an additional 564 shares during the period. Diversified Trust Co boosted its holdings in shares of DENTSPLY SIRONA by 3.0% in the 2nd quarter. Diversified Trust Co now owns 19,637 shares of the medical instruments supplier’s stock valued at $489,000 after acquiring an additional 566 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of DENTSPLY SIRONA by 40.2% in the third quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier’s stock worth $59,000 after acquiring an additional 625 shares during the period. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Analyst Ratings Changes

XRAY has been the subject of a number of research reports. Evercore ISI decreased their target price on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. StockNews.com raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus decreased their price target on DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Needham & Company LLC dropped their price objective on shares of DENTSPLY SIRONA from $34.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Leerink Partners cut shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, DENTSPLY SIRONA currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.88.

DENTSPLY SIRONA Stock Performance

NASDAQ:XRAY opened at $17.26 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.33. The stock has a market capitalization of $3.50 billion, a PE ratio of -20.07, a P/E/G ratio of 1.27 and a beta of 1.02. DENTSPLY SIRONA Inc. has a fifty-two week low of $17.22 and a fifty-two week high of $37.60. The company has a fifty day moving average of $24.82 and a two-hundred day moving average of $25.98.

DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.