Allspring Global Investments Holdings LLC Sells 9,714 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Allspring Global Investments Holdings LLC lessened its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 73.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,444 shares of the medical instruments supplier’s stock after selling 9,714 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DENTSPLY SIRONA were worth $93,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. lifted its position in shares of DENTSPLY SIRONA by 4.9% during the second quarter. Raymond James Trust N.A. now owns 9,658 shares of the medical instruments supplier’s stock worth $241,000 after purchasing an additional 453 shares during the last quarter. LRI Investments LLC lifted its holdings in DENTSPLY SIRONA by 82.7% in the second 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 raised its stake in shares of DENTSPLY SIRONA by 3.0% during the 2nd quarter. Diversified Trust Co now owns 19,637 shares of the medical instruments supplier’s stock worth $489,000 after buying an additional 566 shares during the period. Epoch Investment Partners Inc. increased its position in shares of DENTSPLY SIRONA by 2.2% during the second quarter. Epoch Investment Partners Inc. now owns 30,169 shares of the medical instruments supplier’s stock worth $752,000 after purchasing an additional 647 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of DENTSPLY SIRONA by 6.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,748 shares of the medical instruments supplier’s stock worth $357,000 after purchasing an additional 662 shares in the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Needham & Company LLC reduced their target price 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. Evercore ISI dropped their price objective on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. Barrington Research reaffirmed an “outperform” rating and set a $36.00 price objective on shares of DENTSPLY SIRONA in a research report on Friday, September 20th. Robert W. Baird reduced their price objective on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, StockNews.com raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.88.

DENTSPLY SIRONA Price Performance

XRAY stock opened at $23.34 on Tuesday. DENTSPLY SIRONA Inc. has a 52-week low of $22.85 and a 52-week high of $37.60. The stock’s fifty day simple moving average is $25.04 and its 200-day simple moving average is $26.11. The company has a quick ratio of 0.87, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of -27.14, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02.

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.