State Street Corp Sells 110,300 Shares of Cutera, Inc. (NASDAQ:CUTR)

State Street Corp lowered its position in shares of Cutera, Inc. (NASDAQ:CUTR) by 64.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,519 shares of the medical device company’s stock after selling 110,300 shares during the quarter. State Street Corp owned 0.31% of Cutera worth $49,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CUTR. Ground Swell Capital LLC bought a new position in Cutera in the second quarter valued at $37,000. Bank of Montreal Can lifted its position in Cutera by 14.2% during the 2nd quarter. Bank of Montreal Can now owns 282,704 shares of the medical device company’s stock worth $455,000 after buying an additional 35,248 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Cutera by 164.5% during the 2nd quarter. Squarepoint Ops LLC now owns 113,964 shares of the medical device company’s stock worth $172,000 after buying an additional 70,870 shares during the last quarter. 90.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Cutera in a research report on Sunday. They issued a “sell” rating on the stock.

Cutera Trading Up 24.1 %

NASDAQ CUTR opened at $0.48 on Friday. The firm has a market capitalization of $9.77 million, a P/E ratio of -0.07 and a beta of 1.31. The firm’s fifty day moving average price is $0.41 and its two-hundred day moving average price is $0.80. Cutera, Inc. has a 1 year low of $0.28 and a 1 year high of $4.97.

About Cutera

Cutera, Inc provides aesthetic and dermatology solutions for medical practitioners worldwide. It develops, manufactures, and markets energy-based product platforms for medical practitioners; and distributes third-party manufactured skincare products. The company provides AviClear for the treatment of mild, moderate, and severe inflammatory acne vulgaris; Secret PRO, a device that utilizes fractional CO2 for skin resurfacing and radio frequency (RF) microneedling for skin revitalization; truFlex, a bio-electrical muscle stimulation device designs to strengthen, firm and tone the abdomen, buttocks, and thighs; and excel V/V+, a vascular and benign pigmented lesion treatment platform.