Is IPG Photonics Stock a Buy as One Fund Builds a $9 Million Stake in the Firm?

New York City-based S Squared Technology disclosed a buy of IPG Photonics Corporation (NASDAQ:IPGP), adding 45,050 shares, with a net position change of approximately $4.4 million, in a November 13 SEC filing.According to an SEC filing released on November 13, S Squared Technology increased its holding in IPG Photonics Corporation (NASDAQ:IPGP) during the most recent quarter. The fund added approximately 45,050 shares, bringing its total to 118,916 shares, and the reported value of the position grew by about $4.4 million to $9.4 million as of September 30.The IPG Photonics stake represents about 3.6% of 13F reportable AUM.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool