Natixis Advisors LLC Purchases 2,255 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Natixis Advisors LLC boosted its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 18.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,686 shares of the technology company’s stock after purchasing an additional 2,255 shares during the quarter. Natixis Advisors LLC’s holdings in Mercury Systems were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. William Blair Investment Management LLC raised its stake in Mercury Systems by 0.6% in the second quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company’s stock valued at $173,180,000 after purchasing an additional 36,923 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Mercury Systems by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,027,158 shares of the technology company’s stock valued at $54,713,000 after purchasing an additional 20,604 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Mercury Systems by 14.7% in the first quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock valued at $45,848,000 after purchasing an additional 199,600 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in Mercury Systems by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,329,265 shares of the technology company’s stock valued at $49,183,000 after purchasing an additional 20,300 shares in the last quarter. Finally, Clearline Capital LP raised its stake in Mercury Systems by 18.4% in the second quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock valued at $14,213,000 after purchasing an additional 81,826 shares in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MRCY has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price target on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research note on Monday, August 19th. Finally, Robert W. Baird lifted their price target on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.50.

Insider Transactions at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the transaction, the chief operating officer now owns 113,488 shares in the company, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Mercury Systems Stock Down 1.1 %

Shares of Mercury Systems stock opened at $41.05 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. Mercury Systems, Inc. has a 52-week low of $25.31 and a 52-week high of $44.63. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -20.02 and a beta of 0.71. The company’s 50 day moving average price is $37.33 and its 200-day moving average price is $34.51.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.