As Merck & Co (MRK) Share Price Declined, Holder Sanders Capital Has Trimmed Holding by $160.50 Million; Palo Alto Networks (PANW) Holding Raised by Criterion Capital Management Llc

January 13, 2018 - By Ellis Scott

Sanders Capital Llc decreased its stake in Merck & Co Inc (MRK) by 19.3% based on its latest 2017Q3 regulatory filing with the SEC. Sanders Capital Llc sold 2.33 million shares as the company’s stock declined 2.46% while stock markets rallied. The institutional investor held 9.73 million shares of the health care company at the end of 2017Q3, valued at $672.40M, down from 12.05M at the end of the previous reported quarter. Sanders Capital Llc who had been investing in Merck & Co Inc for a number of months, seems to be less bullish one the $159.82B market cap company. The stock increased 1.84% or $1.06 during the last trading session, reaching $58.66. About 12.34M shares traded or 1.22% up from the average. Merck & Co., Inc. (NYSE:MRK) has risen 16.86% since January 13, 2017 and is uptrending. It has outperformed by 0.16% the S&P500.

Christopher Lord increased its stake in Palo Alto Networks Inc (PANW) by 22.22% based on its latest 2017Q3 regulatory filing with the SEC. Criterion Capital Management Llc bought 184,012 shares as the company’s stock declined 24.72% while stock markets rallied. The hedge fund run by Christopher Lord held 1.01 million shares of the technology company at the end of 2017Q3, valued at $145.88 million, up from 828,317 at the end of the previous reported quarter. Criterion Capital Management Llc who had been investing in Palo Alto Networks Inc for a number of months, seems to be bullish on the $14.11 billion market cap company. The stock decreased 0.42% or $0.64 during the last trading session, reaching $153.52. About 1.29 million shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has declined 16.31% since January 13, 2017 and is downtrending. It has underperformed by 33.01% the S&P500.

Criterion Capital Management Llc, which manages about $3.75 billion and $2.35B US Long portfolio, decreased its stake in Alphabet Inc by 3,118 shares to 78,261 shares, valued at $76.20M in 2017Q3, according to the filing. It also reduced its holding in Advanced Micro Devices Inc (NASDAQ:AMD) by 1.18M shares in the quarter, leaving it with 1.69 million shares, and cut its stake in Motorola Solutions Inc (NYSE:MSI).

Since September 8, 2017, it had 0 insider buys, and 11 insider sales for $52.49 million activity. ZUK NIR sold $21.88 million worth of stock. Another trade for 27,248 shares valued at $4.09 million was made by BONVANIE RENE on Tuesday, October 10. Anderson Mark sold $6.36M worth of stock or 44,429 shares. $302,024 worth of stock was sold by MERESMAN STANLEY J on Tuesday, October 10. $227,920 worth of Palo Alto Networks, Inc. (NYSE:PANW) shares were sold by Eschenbach Carl M..

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.22, from 0.94 in 2017Q2. It increased, as 43 investors sold PANW shares while 148 reduced holdings. 63 funds opened positions while 159 raised stakes. 70.19 million shares or 3.76% more from 67.64 million shares in 2017Q2 were reported. M&T Bancorporation owns 20,288 shares. Champlain Investment Partners Ltd holds 772,910 shares or 1.31% of its portfolio. Sfe Invest Counsel stated it has 1.78% in Palo Alto Networks, Inc. (NYSE:PANW). Bb&T owns 0.01% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 2,899 shares. 110,988 were reported by Hsbc Holdg Public Limited. Pictet And Cie (Europe) holds 0.22% or 10,450 shares in its portfolio. 9,918 were reported by Bangor Savings Bank. California State Teachers Retirement holds 0.05% or 148,827 shares. Cipher Capital LP reported 23,966 shares. Welch & Forbes Limited Liability Co has invested 0.01% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Atria Limited Company holds 0.01% or 1,669 shares. Invesco invested 0.03% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Old Natl National Bank In, Indiana-based fund reported 1,500 shares. Pine River Mngmt LP reported 1,832 shares. Fiduciary Co has invested 0.01% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW).

Among 52 analysts covering Palo Alto Networks (NYSE:PANW), 41 have Buy rating, 2 Sell and 9 Hold. Therefore 79% are positive. Palo Alto Networks had 179 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Outperform” rating by IBC on Thursday, May 25. The firm earned “Buy” rating on Friday, August 11 by Jefferies. Topeka Capital Markets maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Tuesday, November 24. Topeka Capital Markets has “Buy” rating and $225 target. The stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Buy” rating by Goldman Sachs on Tuesday, April 5. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, September 1 report. The firm has “Buy” rating given on Thursday, June 1 by RBC Capital Markets. Northland Capital maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Wednesday, October 18. Northland Capital has “Buy” rating and $175.0 target. The firm earned “Hold” rating on Thursday, September 10 by Gabelli. BTIG Research initiated the stock with “Buy” rating in Thursday, September 10 report. The company was downgraded on Thursday, June 1 by Jefferies.

Among 23 analysts covering Merck & Co. Inc. (NYSE:MRK), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. Merck & Co. Inc. had 71 analyst reports since August 13, 2015 according to SRatingsIntel. The company was initiated on Wednesday, September 30 by Societe Generale. Cowen & Co maintained it with “Market Perform” rating and $68 target in Wednesday, April 12 report. The rating was maintained by BMO Capital Markets on Wednesday, July 19 with “Buy”. On Friday, October 20 the stock rating was maintained by Jefferies with “Sell”. As per Thursday, January 12, the company rating was upgraded by Piper Jaffray. Leerink Swann maintained Merck & Co., Inc. (NYSE:MRK) on Monday, October 23 with “Market Perform” rating. The firm earned “Hold” rating on Friday, April 15 by Jefferies. The firm has “Buy” rating by BMO Capital Markets given on Monday, June 12. On Friday, January 13 the stock rating was initiated by Bryan Garnier & Cie with “Buy”. Jefferies downgraded the stock to “Underperform” rating in Monday, December 19 report.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.01, from 1.07 in 2017Q2. It dropped, as 46 investors sold MRK shares while 619 reduced holdings. 106 funds opened positions while 598 raised stakes. 1.96 billion shares or 0.47% more from 1.95 billion shares in 2017Q2 were reported. Hermes Management stated it has 155,075 shares. 120,611 were accumulated by Steinberg Asset Mgmt. 74,997 are held by Twin Tree Mgmt Lp. Honeywell Incorporated stated it has 633,700 shares or 1.43% of all its holdings. Lakeview Cap Limited Liability Com holds 0.93% or 18,079 shares in its portfolio. Moreover, Natl Planning has 0.46% invested in Merck & Co., Inc. (NYSE:MRK). Bancorp has invested 1.8% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Lederer And Assoc Investment Counsel Ca owns 4,240 shares. Winslow Evans Crocker accumulated 24,456 shares or 0.52% of the stock. Wesbanco Bank & Trust Inc reported 404,519 shares. Argyle Incorporated owns 91,099 shares. 6,240 were accumulated by Department Mb Bancorp N A. 6,120 are owned by Lumbard & Kellner Limited Liability Corp. Premier Asset Mgmt Limited Co, a Illinois-based fund reported 14,641 shares. Glob X Co Limited Com invested in 9,696 shares.

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