State of Alaska Department of Revenue Reduces Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

State of Alaska Department of Revenue lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,227 shares of the industrial products company’s stock after selling 235 shares during the quarter. State of Alaska Department of Revenue’s holdings in Roper Technologies were worth $6,356,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ROP. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the third quarter valued at $28,000. 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 worth $40,000 after purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings in shares of Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 33 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Roper Technologies by 40.7% in the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 33 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Roper Technologies by 59.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock worth $69,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

In related news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock valued at $2,947,475 over the last quarter. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the subject of a number of research reports. Robert W. Baird boosted their price objective on Roper Technologies from $635.00 to $652.00 and gave the company 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. Mizuho lifted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Raymond James reiterated a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Stock Performance

NYSE ROP opened at $572.76 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $537.35 and its two-hundred day moving average is $545.28. The stock has a market capitalization of $61.42 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.76 and a beta of 1.05. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.44.

About Roper Technologies

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.