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Heartland Advisors Holds 3.7% of This Med-Tech Company

Heartland Advisors, Accuray: Boutique investment firm Heartland Advisors holds 3.7% of Accuray Incorporated (NASDAQ:ARAY), according to a filing with the SEC. The Milwaukee-based firm is a self-proclaimed value investor, and due to the passive nature of the filing itself (it’s a 13G), we think the investment is probably valuation-based. Shares of Accuray, which is a medical technology company, are up 18% year-to-date.

Accuray Incorporated (NASDAQ:ARAY)

Disclosure: none

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