Proficio Capital Partners LLC Has $145.70 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Proficio Capital Partners LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 59,278.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 280,267 shares of the industrial products company’s stock after purchasing an additional 279,795 shares during the period. Proficio Capital Partners LLC owned about 0.26% of Roper Technologies worth $145,697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new position in Roper Technologies during the third quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. increased its position 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 valued at $40,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies in the fourth quarter valued at $45,000. Ameliora Wealth Management Ltd. bought a new position in Roper Technologies in the fourth quarter worth $49,000. Finally, Global Wealth Strategies & Associates boosted its stake in 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 buying an additional 33 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The stock was 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 in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock valued at $4,712,045 over the last ninety days. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 2.1 %

NYSE ROP opened at $575.15 on Thursday. The stock has a market capitalization of $61.67 billion, a P/E ratio of 40.11, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $593.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a fifty day moving average of $543.90 and a 200-day moving average of $548.89.

Analyst Ratings Changes

A number of equities analysts have recently commented on ROP shares. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. 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 report on Friday, January 31st. Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Finally, Oppenheimer boosted their target price 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $623.60.

About Roper Technologies

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.