California State Teachers Retirement System lessened its holdings in shares of Systemax Inc. (NYSE:SYX) by 10.2% during the third quarter, Holdings Channel reports. The institutional investor owned 18,274 shares of the company’s stock after selling 2,068 shares during the quarter. California State Teachers Retirement System’s holdings in Systemax were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. OxFORD Asset Management LLP bought a new stake in shares of Systemax during the third quarter valued at approximately $495,000. Dimensional Fund Advisors LP raised its holdings in shares of Systemax by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,340,363 shares of the company’s stock valued at $35,427,000 after buying an additional 14,552 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Systemax by 71.9% during the third quarter. Hillsdale Investment Management Inc. now owns 43,030 shares of the company’s stock valued at $1,137,000 after buying an additional 18,000 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Systemax by 29.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 60,646 shares of the company’s stock valued at $1,603,000 after buying an additional 13,647 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Systemax by 82.9% during the third quarter. Wells Fargo & Company MN now owns 12,520 shares of the company’s stock valued at $331,000 after buying an additional 5,674 shares during the last quarter. 27.16% of the stock is currently owned by institutional investors.

Separately, Sidoti cut Systemax from a “buy” rating to a “neutral” rating in a report on Friday, November 10th.

Shares of Systemax Inc. (NYSE SYX) opened at $28.98 on Tuesday. The firm has a market capitalization of $1,116.60, a P/E ratio of 289.83 and a beta of 0.11. Systemax Inc. has a twelve month low of $7.05 and a twelve month high of $34.91.

The company also recently announced a None dividend, which was paid on Friday, January 12th. Investors of record on Friday, January 5th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a yield of 1.18%. Systemax’s payout ratio is 400.04%.

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About Systemax

Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.

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Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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