Deutsche Bank AG Has $33,000 Stock Holdings in Luna Innovations Incorporated (NASDAQ:LUNA)

Deutsche Bank AG boosted its holdings in shares of Luna Innovations Incorporated (NASDAQ:LUNA) by 12,592.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,900 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,822 shares during the period. Deutsche Bank AG’s holdings in Luna Innovations were worth $33,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Janney Montgomery Scott LLC grew its position in Luna Innovations by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 468,147 shares of the scientific and technical instruments company’s stock worth $1,568,000 after purchasing an additional 3,125 shares during the last quarter. Alambic Investment Management L.P. grew its holdings in shares of Luna Innovations by 27.5% during the fourth quarter. Alambic Investment Management L.P. now owns 130,690 shares of the scientific and technical instruments company’s stock worth $438,000 after buying an additional 28,216 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Luna Innovations by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 552,213 shares of the scientific and technical instruments company’s stock worth $1,850,000 after buying an additional 49,010 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Luna Innovations by 25.9% during the third quarter. Vanguard Group Inc. now owns 864,099 shares of the scientific and technical instruments company’s stock worth $2,791,000 after buying an additional 177,962 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of Luna Innovations by 25.9% during the third quarter. Vanguard Group Inc now owns 864,099 shares of the scientific and technical instruments company’s stock worth $2,791,000 after buying an additional 177,962 shares in the last quarter. 21.94% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on LUNA shares. B. Riley lifted their price target on shares of Luna Innovations from $4.60 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Zacks Investment Research downgraded shares of Luna Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Northland Securities reissued a “hold” rating and set a $4.00 target price on shares of Luna Innovations in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $4.50.

LUNA traded up $0.01 during trading on Monday, hitting $4.51. The company had a trading volume of 46,600 shares, compared to its average volume of 81,073. The stock has a 50-day moving average of $4.24. The company has a market cap of $126.57 million, a P/E ratio of 112.75 and a beta of 0.73. The company has a current ratio of 3.29, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. Luna Innovations Incorporated has a 1-year low of $2.68 and a 1-year high of $4.73.

Luna Innovations (NASDAQ:LUNA) last released its quarterly earnings results on Wednesday, May 8th. The scientific and technical instruments company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The business had revenue of $14.83 million during the quarter, compared to analyst estimates of $12.80 million. Luna Innovations had a net margin of 22.56% and a return on equity of 5.52%. Sell-side analysts predict that Luna Innovations Incorporated will post 0.08 earnings per share for the current year.

Luna Innovations Company Profile

Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers fiber optic sensing products, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software.

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Institutional Ownership by Quarter for Luna Innovations (NASDAQ:LUNA)

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