Seeyond increased its stake in shares of DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 59.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,035 shares of the medical instruments supplier’s stock after acquiring an additional 9,314 shares during the period. Seeyond’s holdings in DENTSPLY SIRONA were worth $1,461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hanseatic Management Services Inc. bought a new position in DENTSPLY SIRONA in the 1st quarter worth approximately $30,000. Altshuler Shaham Ltd increased its position in shares of DENTSPLY SIRONA by 209.8% during the second quarter. Altshuler Shaham Ltd now owns 505 shares of the medical instruments supplier’s stock worth $30,000 after acquiring an additional 342 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in DENTSPLY SIRONA by 62.0% in the second quarter. Cornerstone Advisors Inc. now owns 904 shares of the medical instruments supplier’s stock valued at $53,000 after acquiring an additional 346 shares during the last quarter. Van ECK Associates Corp acquired a new stake in DENTSPLY SIRONA during the second quarter worth approximately $54,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of DENTSPLY SIRONA during the second quarter worth about $58,000. 94.66% of the stock is owned by institutional investors.

NASDAQ:XRAY traded up $0.29 during mid-day trading on Wednesday, hitting $51.48. The company’s stock had a trading volume of 40,799 shares, compared to its average volume of 1,469,922. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 1.86 and a beta of 0.99. DENTSPLY SIRONA Inc has a 1 year low of $33.93 and a 1 year high of $59.40. The business’s fifty day moving average is $52.79 and its two-hundred day moving average is $52.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.08 and a quick ratio of 1.39.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings results on Friday, August 2nd. The medical instruments supplier reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. DENTSPLY SIRONA had a net margin of 2.67% and a return on equity of 9.19%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. Analysts anticipate that DENTSPLY SIRONA Inc will post 2.39 EPS for the current fiscal year.

XRAY has been the subject of a number of recent research reports. BidaskClub lowered shares of DENTSPLY SIRONA from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Barrington Research restated a “buy” rating and set a $63.00 price objective on shares of DENTSPLY SIRONA in a research note on Monday, August 5th. Wellington Shields raised shares of DENTSPLY SIRONA from a “hold” rating to a “gradually accumulate” rating in a report on Friday, August 2nd. HC Wainwright reissued a “neutral” rating and issued a $57.00 target price (up previously from $55.00) on shares of DENTSPLY SIRONA in a report on Tuesday, July 9th. Finally, ValuEngine downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $54.57.

About DENTSPLY SIRONA

DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.

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Institutional Ownership by Quarter for DENTSPLY SIRONA (NASDAQ:XRAY)

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