Louisiana State Employees Retirement System Cuts Stake in Roper Technologies, Inc. (NYSE:ROP)

Louisiana State Employees Retirement System reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,600 shares of the industrial products company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Roper Technologies were worth $7,070,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies during the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Roper Technologies during the 4th quarter worth $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies in the 4th quarter worth $49,000. Finally, Global Wealth Strategies & Associates increased its position in shares of Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 33 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of the 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 sale, the vice president now owns 1,329 shares of the company’s stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following 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. In the last ninety days, insiders have sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $581.35 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $537.59 and its two-hundred day moving average price is $545.38. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43. The stock has a market capitalization of $62.34 billion, a P/E ratio of 31.85, a P/E/G ratio of 2.78 and a beta of 1.05.

Analyst Ratings Changes

ROP has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Mizuho raised their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird upped their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies 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.