Geode Capital Management LLC grew its position in Maxwell Technologies Inc. (NASDAQ:MXWL) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 428,841 shares of the electronics maker’s stock after acquiring an additional 24,397 shares during the period. Geode Capital Management LLC’s holdings in Maxwell Technologies were worth $887,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of Maxwell Technologies by 0.8% in the 4th quarter. Northern Trust Corp now owns 475,790 shares of the electronics maker’s stock valued at $985,000 after buying an additional 3,721 shares during the period. KBC Group NV boosted its stake in Maxwell Technologies by 8.7% in the 4th quarter. KBC Group NV now owns 134,601 shares of the electronics maker’s stock worth $279,000 after purchasing an additional 10,752 shares during the period. Bank of Montreal Can boosted its stake in Maxwell Technologies by 4,627.6% in the 4th quarter. Bank of Montreal Can now owns 13,521 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 13,235 shares during the period. Bank of New York Mellon Corp boosted its stake in Maxwell Technologies by 6.3% in the 4th quarter. Bank of New York Mellon Corp now owns 295,615 shares of the electronics maker’s stock worth $613,000 after purchasing an additional 17,442 shares during the period. Finally, Rhumbline Advisers boosted its stake in Maxwell Technologies by 53.5% in the 4th quarter. Rhumbline Advisers now owns 54,316 shares of the electronics maker’s stock worth $112,000 after purchasing an additional 18,934 shares during the period. 60.19% of the stock is owned by institutional investors.
MXWL has been the subject of a number of research analyst reports. Roth Capital lowered shares of Maxwell Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $4.25 in a research note on Monday, February 4th. ValuEngine raised shares of Maxwell Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $5.06.
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Maxwell Technologies Profile
Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company offers ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for the automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various of applications in the rail, grid, and industrial markets.
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