Dimensional Fund Advisors LP raised its stake in Acacia Communications, Inc. (NASDAQ:ACIA) by 747.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,394 shares of the technology company’s stock after acquiring an additional 294,068 shares during the period. Dimensional Fund Advisors LP owned approximately 0.82% of Acacia Communications worth $12,669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACIA. Great West Life Assurance Co. Can raised its holdings in Acacia Communications by 100.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 3,611 shares of the technology company’s stock valued at $132,000 after acquiring an additional 1,811 shares in the last quarter. BlueMountain Capital Management LLC acquired a new position in shares of Acacia Communications during the 3rd quarter worth $198,000. Advisor Group Inc. raised its holdings in shares of Acacia Communications by 1,121.6% during the 4th quarter. Advisor Group Inc. now owns 5,326 shares of the technology company’s stock worth $202,000 after buying an additional 4,890 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of Acacia Communications during the 4th quarter worth $206,000. Finally, SG Americas Securities LLC acquired a new position in shares of Acacia Communications during the 4th quarter worth $210,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the company. UBS Group boosted their price target on Acacia Communications to $64.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Piper Jaffray Companies boosted their price target on Acacia Communications from $59.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. DA Davidson boosted their price target on Acacia Communications to $46.00 and gave the stock a “neutral” rating in a report on Monday, February 25th. Morgan Stanley cut Acacia Communications from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $38.00 to $44.00 in a report on Wednesday, March 27th. Finally, Zacks Investment Research raised Acacia Communications from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Thursday, January 3rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $55.27.

In related news, VP Francis J. Murphy sold 503 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $54.50, for a total transaction of $27,413.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Mehrdad Givehchi sold 1,808 shares of the business’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $42.34, for a total value of $76,550.72. The disclosure for this sale can be found here. Insiders have sold a total of 1,524,770 shares of company stock worth $79,978,162 in the last 90 days. 33.20% of the stock is currently owned by corporate insiders.

Shares of ACIA stock opened at $58.02 on Friday. The firm has a market cap of $2.35 billion, a P/E ratio of 386.80, a PEG ratio of 3.74 and a beta of 1.77. Acacia Communications, Inc. has a twelve month low of $25.55 and a twelve month high of $62.18.

Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings data on Thursday, February 21st. The technology company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $107.10 million for the quarter, compared to analyst estimates of $102.84 million. Acacia Communications had a return on equity of 3.02% and a net margin of 1.45%. Acacia Communications’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. On average, analysts forecast that Acacia Communications, Inc. will post 0.88 earnings per share for the current fiscal year.

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Acacia Communications Profile

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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