Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by J.Safra Asset Management Corp

J.Safra Asset Management Corp lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 113.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98 shares of the industrial products company’s stock after buying an additional 52 shares during the period. J.Safra Asset Management Corp’s holdings in Roper Technologies were worth $51,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares during the period. Golden State Wealth Management LLC acquired a new stake in Roper Technologies in the fourth quarter valued at about $45,000. Ameliora Wealth Management Ltd. acquired a new stake in Roper Technologies in the fourth quarter valued at about $49,000. Global Wealth Strategies & Associates lifted its position in Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 33 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Roper Technologies in the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,101 shares of company stock valued at $4,712,045. Company insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 1.5 %

Shares of ROP opened at $593.81 on Thursday. The stock has a market cap of $63.77 billion, a price-to-earnings ratio of 41.41, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The firm has a 50 day simple moving average of $549.76 and a 200-day simple moving average of $550.66.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ROP shares. Barclays reduced their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Truist Financial reiterated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

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.