Image from MarketBeat Media, LLC. Intech Investment Management LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 45.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 291,514 shares of the electric vehicle producer's stock after selling 244,996 shares during the quarter. Tesla makes up about 1.2% of Intech Investment Management LLC's portfolio, making the stock its 9th biggest position. Intech Investment Management LLC's holdings in Tesla were worth $129,642,000 at the end of the most recent reporting period. Get Tesla alerts: Tesla’s P/E Is Near a 5-Year High—Buy Signal or Panic Signal? A number of other institutional investors and hedge funds have also bought and sold shares of the company. Chapman Financial Group LLC purchased a new position in shares of Tesla during the second quarter valued at $26,000. Manning & Napier Advisors LLC purchased a new stake in Tesla in the third quarter worth about $29,000. CoreFirst Bank & Trust purchased a new stake in Tesla in the second quarter worth about $30,000. ESL Trust Services LLC grew its holdings in Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 95 shares in the last quarter. Finally, Delos Wealth Advisors LLC purchased a new position in Tesla during the 2nd quarter valued at about $32,000. 66.20% of the stock is owned by institutional investors. Wall Street Analyst Weigh In Several equities research analysts have recently weighed in on TSLA shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $500.00 price target on shares of Tesla in a research report on Thursday, January 29th. Wells Fargo & Company reduced their price objective on shares of Tesla from $130.00 to $125.00 and set an "underweight" rating for the company in a research note on Thursday, January 29th. Phillip Securities dropped their target price on Tesla from $220.00 to $215.00 and set a "sell" rating on the stock in a research report on Monday, February 2nd. Benchmark reiterated a "buy" rating on shares of Tesla in a report on Wednesday, February 11th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, January 27th. Eighteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $408.09.