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Teacher Retirement System of Texas Reduces Stock Position in Insulet Corporation $PODD
The Teacher Retirement System of Texas reduced its holdings in Insulet Corporation (NASDAQ:PODD) by 9% in the fourth quarter of last year, selling 7,697 shares and retaining 77,373 shares valued at approximately $21.99 million. This reduction comes despite Insulet beating its Q4 earnings and revenue estimates and analysts maintaining a “Moderate Buy” rating with an average target price of $327.24, well above the current stock price of $189.56. Other institutional investors, however, increased their positions in Insulet during the same period.