Dimensional Fund Advisors Lp Marginally Raises Its Holdings in Depomed Inc (DEPO) Last Quarter


Depomed Inc (NASDAQ:DEPO).

Dimensional Fund Advisors Lp reports that it bought 14,791 shares in the previous quarter increasing its exposure to Depomed Inc by 0.6%. Its investment stood at $13,439,000 a decrease of 45.7% according to the filing.

Several firms have updated their holdings. California State Teachers Retirement System divested its stake by shedding 7,300 shares a decrease of 7.2%. California State Teachers Retirement System currently owns 93,823 shares with a value of $543,000. The value of the position overall is down by 50.0%. Alliancebernstein L.P. cut its ownership by selling 56,730 shares a decrease of 44.3% from 06/30/2017 to 09/30/2017. Alliancebernstein L.P. now controls 71,446 shares valued at $414,000. The total value of its holdings decreased 69.9%.

As of quarter end Oppenheimerfunds, Inc. had acquired a total of 10,667 shares growing its stake by 30.3%. The value of the investment in (DEPO) decreased from $378,000 to $265,000 decreasing 29.9% quarter over quarter.

Royal Bank Of Canada lowered the price target on November 8 changing the forecast from $8.00 to $6.00 with a “Sector Perform” recommendation.

Royal Bank Of Canada updated its forecast on DEPO with a rating of “Hold” and establishing a price target of $8.00. Equity analyst Royal Bank Of Canada updated coverage of DEPO and giving a rating of “Hold” and projecting a price target of $10.00.

On October 15, 2017 Piper Jaffray Companies issued a report on DEPO stating a rating of “Hold” and a price target of $9.00. On October 13 Mizuho held the stock rating at “Neutral” targeting a price of $6.00.

The company is so far trading down since yesterday’s close of 6.42. The P/E ratio is N/A and market cap is 396.98M. In the latest earnings report the EPS was $-1.83 with 63.01M shares presently outstanding.

Short traders are feeling a little more bearish on shares of the company of late if you take into consideration the change in short interest. The company saw a rise in short interest of 3.34% between September 29, 2017 and October 13, 2017. Short shares grew from 10,598,563 to 10,952,464 over that timeframe. The days to cover decreased to 7.0 and the percentage of shorted shares was 0.17% on October 13.