1492 Capital Management Stake in 8X8 New (EGHT) Has Cut by $513,578 as Stock Price Declined; Waldron LP Has Boosted Holding in Microsoft (MSFT)

January 13, 2018 - By Darrin Black

Waldron Lp increased its stake in Microsoft Corp (MSFT) by 24.41% based on its latest 2017Q3 regulatory filing with the SEC. Waldron Lp bought 4,891 shares as the company’s stock rose 4.75% with the market. The institutional investor held 24,928 shares of the prepackaged software company at the end of 2017Q3, valued at $1.86M, up from 20,037 at the end of the previous reported quarter. Waldron Lp who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $691.23 billion market cap company. The stock increased 1.73% or $1.52 during the last trading session, reaching $89.6. About 24.27 million shares traded or 9.17% up from the average. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since January 13, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

1492 Capital Management Llc decreased its stake in 8X8 Inc New (EGHT) by 47.82% based on its latest 2017Q3 regulatory filing with the SEC. 1492 Capital Management Llc sold 39,506 shares as the company’s stock declined 12.33% while stock markets rallied. The institutional investor held 43,113 shares of the telecommunications equipment company at the end of 2017Q3, valued at $582,000, down from 82,619 at the end of the previous reported quarter. 1492 Capital Management Llc who had been investing in 8X8 Inc New for a number of months, seems to be less bullish one the $1.40 billion market cap company. The stock increased 2.01% or $0.3 during the last trading session, reaching $15.25. About 930,066 shares traded or 24.64% up from the average. 8×8, Inc. (NASDAQ:EGHT) has risen 12.01% since January 13, 2017 and is uptrending. It has underperformed by 4.69% the S&P500.

Since August 4, 2017, it had 0 buys, and 3 sales for $513.86 million activity. The insider Morfit G Mason sold $507.89M. Hood Amy sold $4.00M worth of Microsoft Corporation (NASDAQ:MSFT) on Tuesday, August 29.

Investors sentiment increased to 0.83 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. It is positive, as 40 investors sold MSFT shares while 952 reduced holdings. 114 funds opened positions while 708 raised stakes. 5.51 billion shares or 0.32% less from 5.53 billion shares in 2017Q2 were reported. Davidson Invest Advsr has 3.82% invested in Microsoft Corporation (NASDAQ:MSFT). Gateway Invest Advisers Lc has 2.77% invested in Microsoft Corporation (NASDAQ:MSFT) for 4.30M shares. Investment Management Of Virginia Llc reported 62,409 shares stake. Prescott Group Mngmt Limited Liability Company stated it has 0.09% in Microsoft Corporation (NASDAQ:MSFT). Chase Invest Counsel Corporation holds 2.72% in Microsoft Corporation (NASDAQ:MSFT) or 69,625 shares. Utah Retirement Sys holds 2.31% or 1.38 million shares. Kessler Invest Grp Inc Ltd Limited Liability Company has 52,335 shares. Boston Private Wealth Ltd Liability reported 1.01M shares or 2.88% of all its holdings. Forbes J M Company Llp holds 189,701 shares or 3.52% of its portfolio. Moreover, Majedie Asset Ltd has 1.05% invested in Microsoft Corporation (NASDAQ:MSFT) for 172,986 shares. Copeland Mngmt Limited Liability Co, Pennsylvania-based fund reported 2,871 shares. Conestoga Capital Advsr Limited Liability Corp invested in 0.02% or 5,719 shares. Convergence Inv Partners Limited Liability Com owns 105,630 shares. Bank & Trust Of Nova Scotia holds 1.03% or 2.36 million shares. Keystone Fincl Planning Inc holds 1.39% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 32,965 shares.

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. Therefore 83% are positive. Microsoft Corporation had 142 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, January 6 with “Outperform”. As per Friday, January 27, the company rating was maintained by RBC Capital Markets. Canaccord Genuity upgraded the stock to “Buy” rating in Thursday, October 5 report. The firm has “Sell” rating by Jefferies given on Tuesday, June 13. The company was maintained on Monday, July 3 by Stifel Nicolaus. On Friday, October 21 the stock rating was maintained by UBS with “Buy”. On Friday, October 27 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Overweight” rating by Piper Jaffray given on Thursday, December 22. The rating was maintained by Bank of America with “Buy” on Wednesday, June 14. The rating was reinitiated by Oppenheimer with “Outperform” on Thursday, March 17.

Waldron Lp, which manages about $1.10B and $357.69 million US Long portfolio, decreased its stake in Ipath Bloomberg Commodity (DJP) by 21,277 shares to 400,708 shares, valued at $9.32M in 2017Q3, according to the filing.

1492 Capital Management Llc, which manages about $188.45 million and $113.10M US Long portfolio, upped its stake in Evolent Health Inc by 81,036 shares to 100,513 shares, valued at $1.79 million in 2017Q3, according to the filing. It also increased its holding in Therapeuticsmd Inc (NYSEMKT:TXMD) by 181,115 shares in the quarter, for a total of 390,702 shares, and has risen its stake in G (NASDAQ:GIII).

Among 12 analysts covering 8×8 (NASDAQ:EGHT), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. 8×8 had 25 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Friday, May 20. The firm has “Buy” rating by Northland Capital given on Tuesday, June 27. The company was maintained on Friday, January 22 by Barclays Capital. The rating was maintained by Northland Capital with “Outperform” on Friday, October 23. The firm earned “Buy” rating on Tuesday, September 5 by Needham. Needham maintained 8×8, Inc. (NYSE:EGHT) rating on Friday, October 27. Needham has “Buy” rating and $16.0 target. Canaccord Genuity initiated 8×8, Inc. (NYSE:EGHT) rating on Monday, August 10. Canaccord Genuity has “Buy” rating and $9.75 target. The firm has “Hold” rating given on Friday, July 28 by Craig Hallum. The stock has “Buy” rating by Dougherty & Company on Friday, May 20. Northland Capital maintained the stock with “Buy” rating in Tuesday, September 5 report.

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.24, from 1.3 in 2017Q2. It worsened, as 15 investors sold EGHT shares while 57 reduced holdings. 29 funds opened positions while 47 raised stakes. 58.47 million shares or 0.80% more from 58.00 million shares in 2017Q2 were reported. Rhumbline Advisers has invested 0.01% in 8×8, Inc. (NYSE:EGHT). Comerica Commercial Bank holds 0.01% in 8×8, Inc. (NYSE:EGHT) or 96,970 shares. Water Island Cap Lc holds 775,000 shares or 0.5% of its portfolio. Minnesota-based Walleye Trading has invested 0% in 8×8, Inc. (NYSE:EGHT). Moody Bankshares Tru Division has 24,420 shares for 0.02% of their portfolio. Bnp Paribas Arbitrage Sa has 46,130 shares. Fifth Third Commercial Bank accumulated 4,528 shares. Prudential Fin Incorporated reported 152,648 shares. Rafferty Asset Limited Liability has 55,054 shares. Natixis reported 0% of its portfolio in 8×8, Inc. (NYSE:EGHT). Oppenheimer Asset Mngmt invested 0.01% in 8×8, Inc. (NYSE:EGHT). Tudor Inv Corporation Et Al has 0.02% invested in 8×8, Inc. (NYSE:EGHT) for 58,677 shares. Cubist Systematic Strategies Ltd Llc accumulated 0% or 3,417 shares. 1,000 were accumulated by Cap Guardian Communication. Vanguard Gru Incorporated accumulated 5.07 million shares or 0% of the stock.

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