Cigna Investments Inc. New Sells 22 Shares of Roper Technologies, Inc. (NYSE:ROP)

Cigna Investments Inc. New cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,084 shares of the industrial products company’s stock after selling 22 shares during the period. Cigna Investments Inc. New’s holdings in Roper Technologies were worth $564,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in shares of Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after acquiring an additional 345,268 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Roper Technologies during the fourth quarter valued at about $69,382,000. Loomis Sayles & Co. L P raised its stake in shares of Roper Technologies by 25.8% during the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after acquiring an additional 132,913 shares during the last quarter. State Street Corp raised its stake in Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after buying an additional 132,575 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock worth $238,125,000 after buying an additional 116,523 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Up 0.3 %

NYSE:ROP opened at $574.52 on Tuesday. The company’s 50 day moving average price is $537.48 and its 200-day moving average price is $545.14. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $61.61 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.78 and a beta of 1.05.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ROP shares. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Company 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.