Securian Asset Management Inc. Sells 419 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Securian Asset Management Inc. lessened its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,559 shares of the company’s stock after selling 419 shares during the quarter. Securian Asset Management Inc.’s holdings in Kyndryl were worth $608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC increased its stake in Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after purchasing an additional 1,569,260 shares in the last quarter. Geode Capital Management LLC increased its stake in Kyndryl by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock valued at $88,908,000 after purchasing an additional 63,997 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Kyndryl by 62.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after purchasing an additional 1,254,208 shares in the last quarter. Zimmer Partners LP increased its stake in Kyndryl by 1.9% during the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock valued at $62,595,000 after purchasing an additional 49,738 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Kyndryl by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock valued at $45,229,000 after purchasing an additional 76,670 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

KD has been the subject of a number of recent research reports. Susquehanna boosted their price target on shares of Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. Bank of America assumed coverage on shares of Kyndryl in a research note on Friday, November 22nd. They issued a “buy” rating and a $40.00 target price for the company. Finally, Oppenheimer upped their target price on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th.

Kyndryl Stock Performance

NYSE KD opened at $35.26 on Monday. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 64.10, a PEG ratio of 10.84 and a beta of 1.85. The company has a fifty day moving average price of $38.39 and a 200-day moving average price of $31.64.

Insider Transactions at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the completion of the transaction, the general counsel now owns 132,818 shares in the company, valued at approximately $5,688,594.94. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the transaction, the senior vice president now owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. The trade was a 55.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

Kyndryl Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.