Prudential Financial Inc. decreased its position in shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) by 8.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,987 shares of the medical equipment provider’s stock after selling 5,887 shares during the period. Prudential Financial Inc.’s holdings in Zeltiq Aesthetics were worth $3,447,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. acquired a new position in Zeltiq Aesthetics during the first quarter worth $170,000. First Citizens Bank & Trust Co. acquired a new position in Zeltiq Aesthetics during the first quarter worth $206,000. State of Alaska Department of Revenue increased its position in Zeltiq Aesthetics by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 4,010 shares of the medical equipment provider’s stock worth $222,000 after buying an additional 110 shares in the last quarter. Princeton Alpha Management LP acquired a new position in Zeltiq Aesthetics during the first quarter worth $223,000. Finally, LS Investment Advisors LLC increased its position in Zeltiq Aesthetics by 187.2% in the first quarter. LS Investment Advisors LLC now owns 4,369 shares of the medical equipment provider’s stock worth $243,000 after buying an additional 2,848 shares in the last quarter.
Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) opened at 56.48 on Wednesday. Zeltiq Aesthetics Inc has a one year low of $23.58 and a one year high of $56.50. The company has a 50-day moving average of $56.05 and a 200 day moving average of $46.95.
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A number of research firms have recently weighed in on ZLTQ. Stifel Nicolaus downgraded shares of Zeltiq Aesthetics from a “buy” rating to a “hold” rating in a report on Thursday, March 2nd. Canaccord Genuity restated a “hold” rating and set a $56.50 price target on shares of Zeltiq Aesthetics in a report on Friday, March 10th. Zacks Investment Research upgraded shares of Zeltiq Aesthetics from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Wednesday, March 29th. Finally, Aegis restated a “hold” rating and set a $56.00 price target on shares of Zeltiq Aesthetics in a report on Monday, April 24th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Zeltiq Aesthetics has an average rating of “Hold” and an average target price of $50.94.
About Zeltiq Aesthetics
ZELTIQ Aesthetics, Inc is a medical technology company. The Company focuses on developing and commercializing products utilizing its controlled-cooling technology platform. The Company’s product, the CoolSculpting System, is designed to reduce stubborn fat bulges. The Company sells its CoolSculpting system primarily to dermatologists, plastic surgeons, aesthetic specialists and obstetrics and gynecology (OBGYN) physicians.
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