Aigen Investment Management LP Takes Position in Roper Technologies, Inc. (NYSE:ROP)

Aigen Investment Management LP purchased a new position in Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,605 shares of the industrial products company’s stock, valued at approximately $2,914,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ROP. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 75 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth approximately $45,000. Ameliora Wealth Management Ltd. purchased a new stake in Roper Technologies during the fourth quarter valued at approximately $49,000. J.Safra Asset Management Corp grew its position in shares of Roper Technologies by 113.0% during the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 52 shares during the period. Finally, Global Wealth Strategies & Associates raised its stake in shares of Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after buying an additional 33 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Down 0.2 %

Roper Technologies stock opened at $584.83 on Wednesday. The business has a fifty day moving average price of $548.45 and a 200-day moving average price of $550.36. The stock has a market capitalization of $62.80 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $593.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the transaction, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 in the last ninety days. Company insiders own 0.87% of the company’s stock.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.