Glaukos Corp (GKOS) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in Glaukos Corp (NYSE:GKOS) by 35.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 3,137,873 shares of the medical instruments supplier’s stock after selling 1,733,161 shares during the quarter. Janus Henderson Group PLC owned 8.99% of Glaukos worth $203,648,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GKOS. NumerixS Investment Technologies Inc bought a new stake in Glaukos in the 2nd quarter valued at about $127,000. Great West Life Assurance Co. Can raised its stake in Glaukos by 112.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 4,240 shares of the medical instruments supplier’s stock valued at $172,000 after acquiring an additional 2,240 shares during the period. Valeo Financial Advisors LLC bought a new stake in Glaukos in the 2nd quarter valued at about $183,000. Prudential Financial Inc. bought a new stake in Glaukos in the 3rd quarter valued at about $203,000. Finally, Amalgamated Bank bought a new stake in Glaukos in the 2nd quarter valued at about $205,000. 98.06% of the stock is currently owned by institutional investors.

In other news, Director William J. Phd Link sold 14,475 shares of the company’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $58.01, for a total transaction of $839,694.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gilbert H. Kliman sold 502,760 shares of the company’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $60.39, for a total value of $30,361,676.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 558,735 shares of company stock worth $33,592,601. Company insiders own 11.60% of the company’s stock.

GKOS has been the topic of a number of research reports. ValuEngine upgraded Glaukos from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 29th. BMO Capital Markets boosted their price objective on Glaukos from $59.00 to $62.00 and gave the company a “market perform” rating in a research note on Thursday, August 30th. Zacks Investment Research upgraded Glaukos from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Piper Jaffray Companies boosted their price objective on Glaukos to $73.00 and gave the company an “overweight” rating in a research note on Friday, August 31st. Finally, JPMorgan Chase & Co. upgraded Glaukos from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $42.00 to $75.00 in a research note on Wednesday, August 29th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $58.20.

Shares of GKOS opened at $57.92 on Friday. Glaukos Corp has a twelve month low of $23.08 and a twelve month high of $70.91.

Glaukos (NYSE:GKOS) last announced its quarterly earnings results on Wednesday, November 7th. The medical instruments supplier reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.05). Glaukos had a negative net margin of 8.13% and a negative return on equity of 9.26%. The company had revenue of $43.91 million for the quarter, compared to the consensus estimate of $41.65 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts anticipate that Glaukos Corp will post -0.55 earnings per share for the current year.

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Glaukos Profile

Glaukos Corporation, an ophthalmic medical technology and pharmaceutical company, focuses on the development and commercialization of surgical devices and sustained pharmaceutical therapies designed to treat glaucoma. It offers iStent, a micro-bypass stent for insertion in conjunction with cataract surgery for the reduction of intraocular pressure in adult patients with mild-to-moderate open-angle glaucoma.

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Institutional Ownership by Quarter for Glaukos (NYSE:GKOS)

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