D. E. Shaw & Co. Inc. Purchases 512,563 Shares of Acacia Communications, Inc. (NASDAQ:ACIA)

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D. E. Shaw & Co. Inc. raised its position in shares of Acacia Communications, Inc. (NASDAQ:ACIA) by 32.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,097,794 shares of the technology company’s stock after purchasing an additional 512,563 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.05% of Acacia Communications worth $98,932,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of Acacia Communications during the 2nd quarter valued at about $31,000. Aperio Group LLC bought a new stake in shares of Acacia Communications during the 2nd quarter valued at about $88,000. Penserra Capital Management LLC bought a new stake in shares of Acacia Communications during the 1st quarter valued at about $126,000. First Quadrant L P CA bought a new stake in shares of Acacia Communications during the 2nd quarter valued at about $115,000. Finally, Meeder Asset Management Inc. bought a new position in Acacia Communications in the 2nd quarter worth approximately $120,000. Institutional investors and hedge funds own 77.74% of the company’s stock.

In other news, VP Francis J. Murphy sold 559 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $64.90, for a total transaction of $36,279.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Benny P. Mikkelsen sold 2,736 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $64.41, for a total value of $176,225.76. The disclosure for this sale can be found here. Insiders have sold a total of 96,246 shares of company stock worth $6,281,535 over the last ninety days. Insiders own 9.30% of the company’s stock.

Several research analysts have weighed in on the company. Citigroup downgraded Acacia Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 16th. ValuEngine downgraded Acacia Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC downgraded Acacia Communications from a “buy” rating to a “hold” rating and set a $64.91 price target for the company. in a research note on Wednesday, July 10th. Rosenblatt Securities restated a “neutral” rating on shares of Acacia Communications in a research note on Tuesday, July 16th. Finally, Craig Hallum downgraded Acacia Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Acacia Communications currently has a consensus rating of “Hold” and a consensus price target of $58.07.

Shares of ACIA traded up $0.27 during mid-day trading on Friday, hitting $64.58. 466,659 shares of the stock were exchanged, compared to its average volume of 331,867. The company has a market cap of $2.65 billion, a PE ratio of 430.53, a price-to-earnings-growth ratio of 3.73 and a beta of 1.77. Acacia Communications, Inc. has a 52-week low of $32.98 and a 52-week high of $67.49. The firm has a 50-day moving average of $64.15 and a two-hundred day moving average of $57.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.82 and a current ratio of 4.18.

Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The business had revenue of $111.18 million for the quarter, compared to analysts’ expectations of $108.68 million. Acacia Communications had a return on equity of 7.30% and a net margin of 5.30%. On average, sell-side analysts predict that Acacia Communications, Inc. will post 0.87 EPS for the current year.

About Acacia Communications

Acacia Communications, Inc develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally. The company offers embedded and pluggable module products consisting of optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second for use in long-haul, metro, and inter-data center markets.

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Institutional Ownership by Quarter for Acacia Communications (NASDAQ:ACIA)

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