Fagan Associates Inc. increased its stake in shares of Sony Corp (NYSE:SNE) by 12.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,755 shares of the company’s stock after buying an additional 5,900 shares during the period. Sony comprises about 1.3% of Fagan Associates Inc.’s holdings, making the stock its 24th biggest position. Fagan Associates Inc.’s holdings in Sony were worth $3,139,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Boston Partners bought a new position in Sony during the second quarter worth about $71,195,000. Marietta Investment Partners LLC boosted its position in Sony by 3.0% during the second quarter. Marietta Investment Partners LLC now owns 43,847 shares of the company’s stock worth $2,248,000 after purchasing an additional 1,292 shares during the period. Renaissance Technologies LLC boosted its position in Sony by 6.2% during the second quarter. Renaissance Technologies LLC now owns 1,057,700 shares of the company’s stock worth $54,218,000 after purchasing an additional 62,100 shares during the period. Nan Shan Life Insurance Co. Ltd. bought a new position in Sony during the second quarter worth about $13,840,000. Finally, Envestnet Asset Management Inc. boosted its position in Sony by 696.2% during the second quarter. Envestnet Asset Management Inc. now owns 245,726 shares of the company’s stock worth $12,595,000 after purchasing an additional 214,865 shares during the period. Institutional investors and hedge funds own 7.70% of the company’s stock.

SNE stock opened at $54.07 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.92 and a quick ratio of 0.79. Sony Corp has a 12 month low of $44.37 and a 12 month high of $61.02. The company has a market capitalization of $68.75 billion, a PE ratio of 11.91, a PEG ratio of 1.19 and a beta of 1.63.

A number of equities analysts have weighed in on SNE shares. Piper Jaffray Companies reiterated an “overweight” rating on shares of Sony in a research report on Friday, October 19th. Credit Suisse Group upgraded shares of Sony from a “neutral” rating to an “outperform” rating in a research report on Monday, September 10th. Zacks Investment Research lowered shares of Sony from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, ValuEngine lowered shares of Sony from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $74.15.

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Sony Profile

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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