Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Edge Capital Group LLC

Edge Capital Group LLC cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,122 shares of the industrial products company’s stock after selling 65 shares during the period. Edge Capital Group LLC’s holdings in Roper Technologies were worth $1,103,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ROP. International Assets Investment Management LLC raised its position in shares of Roper Technologies by 59,642.3% in the 3rd quarter. International Assets Investment Management LLC now owns 62,132 shares of the industrial products company’s stock valued at $34,573,000 after purchasing an additional 62,028 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Roper Technologies by 57.8% in the third quarter. Assenagon Asset Management S.A. now owns 4,154 shares of the industrial products company’s stock worth $2,311,000 after buying an additional 1,522 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Roper Technologies by 11.9% during the third quarter. Arkadios Wealth Advisors now owns 1,387 shares of the industrial products company’s stock worth $772,000 after buying an additional 147 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Roper Technologies by 1.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 185,413 shares of the industrial products company’s stock worth $102,350,000 after buying an additional 2,481 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in shares of Roper Technologies by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 12,462 shares of the industrial products company’s stock valued at $6,934,000 after buying an additional 825 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ROP shares. JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. One equities 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $623.60.

Insider Buying and Selling

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated 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 $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,101 shares of company stock valued at $2,947,475. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 0.4 %

Roper Technologies stock opened at $576.58 on Tuesday. 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 firm has a market cap of $61.83 billion, a PE ratio of 40.21, a P/E/G ratio of 2.77 and a beta of 1.05. The stock’s 50 day simple moving average is $541.92 and its two-hundred day simple moving average is $548.28. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.43.

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.