Alkeon Capital Management Reduces $50M in Johnson Controls International plc ($JCI)
Key Points
- Alkeon Capital Management changed its Johnson Controls International plc ($JCI) stake by 56.5% last quarter, cutting to 270,000 shares worth $38.77 million.
- Wall Street's consensus rating on $JCI is Buy and an average price target of $154.90.
- $JCI last traded around $143.58.
Alkeon Capital Management reduced its position in Johnson Controls International plc ($JCI) by 56.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 270,000 shares of Johnson Controls International plc after selling 350,000 shares during the quarter. Alkeon Capital Management's holdings in Johnson Controls International plc were worth $38.77 million as of its most recent filing.
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About Johnson Controls International plc
Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company designs, manufactures, sells, installs, and services heating, ventilating, air conditioning, controls, building management, refrigeration, integrated electronic security, integrated fire detection and suppression systems, and digital solutions. It also provides energy solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven building solutions. It sells its products and services to commercial, residential security, institutional, industrial, data center, marine, and governmental customers. Johnson Controls International plc was incorporated in 1885 and is based in Cork, Ireland.
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