Federated Investors Inc. PA reduced its stake in St Jude Medical Inc (NYSE:STJ) by 43.4% during the fourth quarter, Holdings Channel reports. The firm owned 3,782 shares of the medical technology company’s stock after selling 2,896 shares during the period. Federated Investors Inc. PA’s holdings in St Jude Medical were worth $303,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new position in St Jude Medical during the third quarter valued at approximately $100,000. First New York Securities LLC NY increased its stake in St Jude Medical by 70.0% in the third quarter. First New York Securities LLC NY now owns 1,700 shares of the medical technology company’s stock worth $136,000 after buying an additional 700 shares during the last quarter. Global X Management Co. LLC increased its stake in St Jude Medical by 157.8% in the third quarter. Global X Management Co. LLC now owns 1,784 shares of the medical technology company’s stock worth $142,000 after buying an additional 1,092 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in St Jude Medical during the third quarter worth about $202,000. Finally, Bessemer Group Inc. increased its stake in St Jude Medical by 74.9% in the fourth quarter. Bessemer Group Inc. now owns 2,546 shares of the medical technology company’s stock worth $204,000 after buying an additional 1,090 shares during the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of St Jude Medical Inc (NYSE:STJ) opened at 80.82 on Tuesday. St Jude Medical Inc has a 1-year low of $48.83 and a 1-year high of $84.00. The company’s 50-day moving average is $79.81 and its 200-day moving average is $79.88.
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About St Jude Medical
St. Jude Medical, Inc is focused on the development, manufacture and distribution of cardiovascular medical devices for the global cardiac rhythm management, cardiovascular and atrial fibrillation therapy areas, and interventional pain therapy and neurostimulation devices for the management of chronic pain and movement disorders.
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