Assenagon Asset Management S.A. Has $2.97 Million Stake in IES Holdings, Inc. (NASDAQ:IESC)

Assenagon Asset Management S.A. decreased its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 82.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,796 shares of the technology company’s stock after selling 69,983 shares during the quarter. Assenagon Asset Management S.A.’s holdings in IES were worth $2,973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Summit Partners Public Asset Management LLC lifted its holdings in shares of IES by 165.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock worth $23,842,000 after acquiring an additional 74,438 shares during the period. Franklin Resources Inc. lifted its holdings in shares of IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after acquiring an additional 68,750 shares during the period. FMR LLC lifted its holdings in shares of IES by 4.6% during the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after acquiring an additional 65,145 shares during the period. F M Investments LLC bought a new stake in shares of IES during the 3rd quarter worth approximately $10,887,000. Finally, Thrivent Financial for Lutherans bought a new stake in shares of IES during the 3rd quarter worth approximately $10,426,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of IES from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th.

IES Trading Up 7.6 %

Shares of IES stock opened at $276.32 on Wednesday. The company has a 50 day moving average of $247.49 and a 200-day moving average of $207.23. IES Holdings, Inc. has a 1-year low of $80.86 and a 1-year high of $320.08. The company has a market cap of $5.53 billion, a PE ratio of 27.94 and a beta of 1.52.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the transaction, the chief executive officer now owns 10,958,900 shares of the company’s stock, valued at $2,820,492,093. This represents a 0.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the completion of the transaction, the chief financial officer now directly owns 71,177 shares of the company’s stock, valued at approximately $18,009,204.54. The trade was a 6.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock valued at $7,341,029 in the last quarter. Insiders own 56.76% of the company’s stock.

IES Company Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.