TransEnterix, Inc. (TRXC) Stake Increased by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in TransEnterix, Inc. (NYSEAMERICAN:TRXC) by 12.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,463 shares of the medical instruments supplier’s stock after buying an additional 20,063 shares during the period. California Public Employees Retirement System’s holdings in TransEnterix were worth $791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in TransEnterix during the second quarter valued at $101,000. Amalgamated Bank acquired a new stake in TransEnterix during the second quarter valued at $104,000. Ardsley Advisory Partners acquired a new stake in TransEnterix during the second quarter valued at $109,000. State Board of Administration of Florida Retirement System acquired a new stake in TransEnterix during the second quarter valued at $138,000. Finally, Cozad Asset Management Inc. acquired a new stake in TransEnterix during the second quarter valued at $228,000.

NYSEAMERICAN TRXC opened at $3.22 on Friday. TransEnterix, Inc. has a fifty-two week low of $1.27 and a fifty-two week high of $6.98.

TransEnterix (NYSEAMERICAN:TRXC) last posted its earnings results on Thursday, November 8th. The medical instruments supplier reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The company had revenue of $5.40 million for the quarter, compared to the consensus estimate of $5.40 million. The business’s quarterly revenue was up 2850.8% compared to the same quarter last year.

TRXC has been the topic of several recent research reports. LADENBURG THALM/SH SH upgraded TransEnterix from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Friday. Zacks Investment Research upgraded TransEnterix from a “sell” rating to a “hold” rating in a report on Friday. Finally, BTIG Research restated a “hold” rating on shares of TransEnterix in a report on Tuesday, September 25th.

In other news, CFO Joseph P. Slattery sold 4,924 shares of TransEnterix stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $7.03, for a total value of $34,615.72. Following the transaction, the chief financial officer now directly owns 4,924 shares in the company, valued at $34,615.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph P. Slattery sold 64,651 shares of TransEnterix stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $5.74, for a total value of $371,096.74. Following the completion of the transaction, the chief financial officer now owns 11,951 shares in the company, valued at $68,598.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,909,224 shares of company stock worth $18,271,761.

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TransEnterix Profile

TransEnterix, Inc, a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery. The company offers Senhance System, a multi-port robotic surgery system, which allows up to four arms to control robotic instruments and a camera in Europe.

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Institutional Ownership by Quarter for TransEnterix (NYSEAMERICAN:TRXC)

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