State Board of Administration of Florida Retirement System Raises Holdings in InMode Ltd. $INMD

State Board of Administration of Florida Retirement System lifted its holdings in InMode Ltd. (NASDAQ:INMD - Free Report) by 516.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,625 shares of the healthcare company's stock after purchasing an additional 114,465 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.22% of InMode worth $1,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Parallel Advisors LLC boosted its position in shares of InMode by 63.1% during the second quarter. Parallel Advisors LLC now owns 1,973 shares of the healthcare company's stock valued at $28,000 after buying an additional 763 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of InMode by 6.1% during the 1st quarter. American Century Companies Inc. now owns 18,994 shares of the healthcare company's stock valued at $337,000 after acquiring an additional 1,087 shares during the last quarter. Aviva PLC grew its stake in shares of InMode by 3.9% in the second quarter. Aviva PLC now owns 33,264 shares of the healthcare company's stock worth $480,000 after acquiring an additional 1,263 shares during the period. Denali Advisors LLC raised its holdings in shares of InMode by 10.5% during the second quarter. Denali Advisors LLC now owns 34,851 shares of the healthcare company's stock valued at $503,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in InMode during the first quarter valued at approximately $70,000. 68.04% of the stock is owned by institutional investors. InMode Price PerformanceINMD opened at $14.42 on Friday. The company has a 50 day simple moving average of $14.79 and a two-hundred day simple moving average of $14.58. The firm has a market cap of $911.49 million, a P/E ratio of 6.68 and a beta of 2.14. InMode Ltd. has a 1-year low of $13.14 and a 1-year high of $19.78. Analyst Ratings ChangesA number of equities research analysts have commented on INMD shares. Zacks Research raised shares of InMode from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Wall Street Zen lowered InMode from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. UBS Group lowered their target price on InMode from $16.25 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, November 6th. Canaccord Genuity Group boosted their price target on InMode from $14.00 to $16.00 and gave the company a "hold" rating in a research note on Friday, October 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of InMode in a research report on Friday, October 10th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, InMode currently has an average rating of "Hold" and a consensus target price of $16.80.Check Out Our Latest Stock Analysis on INMDInMode Company Profile (Free Report)InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States and internationally. The company offers minimally invasive aesthetic medical products for various procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments, as well as for use in women's health conditions and procedures.Recommended StoriesFive stocks we like better than InModeWhat Are Some of the Best Large-Cap Stocks to Buy?Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a GiftWhat is the Dow Jones Industrial Average (DJIA)?Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning BullishStock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be ClosedSnowflake Stock: The Dip That Smart Investors Are Buying Right NowThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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