Intech Investment Management LLC Purchases Shares of 20,353 Nano-X Imaging Ltd. (NASDAQ:NNOX)

Intech Investment Management LLC purchased a new stake in Nano-X Imaging Ltd. (NASDAQ:NNOX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,353 shares of the company’s stock, valued at approximately $124,000.

A number of other hedge funds have also recently bought and sold shares of NNOX. Farther Finance Advisors LLC bought a new position in shares of Nano-X Imaging during the 3rd quarter worth approximately $25,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Nano-X Imaging by 13.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,716 shares of the company’s stock worth $135,000 after acquiring an additional 1,612 shares during the period. Creative Planning bought a new position in shares of Nano-X Imaging during the 3rd quarter worth approximately $107,000. The Manufacturers Life Insurance Company boosted its stake in shares of Nano-X Imaging by 14.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,210 shares of the company’s stock worth $148,000 after acquiring an additional 2,600 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Nano-X Imaging during the 3rd quarter worth approximately $124,000. 21.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald lifted their target price on Nano-X Imaging from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday.

Nano-X Imaging Trading Up 27.7 %

NASDAQ:NNOX opened at $7.97 on Friday. The stock has a market cap of $460.51 million, a P/E ratio of -9.38 and a beta of 2.02. The stock has a 50 day simple moving average of $6.11 and a 200 day simple moving average of $6.89. Nano-X Imaging Ltd. has a 1-year low of $5.26 and a 1-year high of $14.28.

About Nano-X Imaging

Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source. The company provides teleradiology services and develops artificial intelligence applications to be used in real-world medical imaging applications. Its X-ray source is based on a digital micro-electro-mechanical systems semiconductor cathode.