B. Metzler seel. Sohn & Co. AG Increases Stake in Arm Holdings plc (NASDAQ:ARM)

B. Metzler seel. Sohn & Co. AG lifted its position in Arm Holdings plc (NASDAQ:ARM) by 227.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,700 shares of the company’s stock after acquiring an additional 12,300 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in ARM were worth $2,191,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Schroder Investment Management Group lifted its stake in shares of ARM by 17.9% during the 4th quarter. Schroder Investment Management Group now owns 3,054,331 shares of the company’s stock worth $376,782,000 after acquiring an additional 464,719 shares during the last quarter. Pictet Asset Management Holding SA bought a new stake in shares of ARM during the fourth quarter worth $1,701,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of ARM by 12.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 15,481 shares of the company’s stock valued at $1,910,000 after purchasing an additional 1,719 shares during the period. Blair William & Co. IL grew its holdings in shares of ARM by 57.4% in the fourth quarter. Blair William & Co. IL now owns 77,380 shares of the company’s stock worth $9,546,000 after purchasing an additional 28,217 shares during the last quarter. Finally, NEOS Investment Management LLC increased its stake in ARM by 15.8% in the 4th quarter. NEOS Investment Management LLC now owns 4,547 shares of the company’s stock worth $561,000 after buying an additional 621 shares during the period. 7.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ARM. Barclays boosted their price objective on shares of ARM from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Citigroup increased their price objective on ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley lowered their target price on ARM from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Finally, Benchmark restated a “hold” rating on shares of ARM in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.41.

ARM Stock Up 1.1 %

Shares of ARM opened at $108.14 on Thursday. The stock’s 50-day moving average price is $136.76 and its 200-day moving average price is $139.93. The company has a market capitalization of $113.31 billion, a price-to-earnings ratio of 142.29, a PEG ratio of 6.33 and a beta of 4.77. Arm Holdings plc has a 52 week low of $85.61 and a 52 week high of $188.75.

ARM Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.