As Johnson & Johnson (JNJ) Market Value Rose, Holder Montecito Bank & Trust Has Cut by $370,630 Its Stake; As Verint Sys (VRNT) Stock Value Rose, Freshford Capital Management Increased by $962,393 Its Holding

January 14, 2018 - By Nellie Frank

Montecito Bank & Trust decreased its stake in Johnson & Johnson (JNJ) by 8.56% based on its latest 2017Q3 regulatory filing with the SEC. Montecito Bank & Trust sold 2,851 shares as the company’s stock rose 6.85% with the market. The institutional investor held 30,442 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $3.96 million, down from 33,293 at the end of the previous reported quarter. Montecito Bank & Trust who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $391.59 billion market cap company. The stock increased 0.67% or $0.97 during the last trading session, reaching $145.76. About 5.45 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 14, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Michael Doheny increased its stake in Verint Sys Inc (VRNT) by 6.75% based on its latest 2017Q3 regulatory filing with the SEC. Freshford Capital Management Llc bought 23,473 shares as the company’s stock rose 4.30% with the market. The hedge fund run by Michael Doheny held 371,189 shares of the edp services company at the end of 2017Q3, valued at $15.53M, up from 347,716 at the end of the previous reported quarter. Freshford Capital Management Llc who had been investing in Verint Sys Inc for a number of months, seems to be bullish on the $2.75 billion market cap company. The stock increased 0.35% or $0.15 during the last trading session, reaching $43.05. About 285,661 shares traded. Verint Systems Inc. (NASDAQ:VRNT) has risen 23.95% since January 14, 2017 and is uptrending. It has outperformed by 7.25% the S&P500.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on January, 23. They expect $1.72 earnings per share, up 8.86% or $0.14 from last year’s $1.58 per share. JNJ’s profit will be $4.62B for 21.19 P/E if the $1.72 EPS becomes a reality. After $1.90 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -9.47% negative EPS growth.

Montecito Bank & Trust, which manages about $288.71M US Long portfolio, upped its stake in Spdr S&P 500 Etf Trust (SPY) by 1,389 shares to 72,457 shares, valued at $18.20M in 2017Q3, according to the filing. It also increased its holding in Spdr Bbg Barc Convertible (CWB) by 14,858 shares in the quarter, for a total of 253,222 shares, and has risen its stake in Ishares Jpmorgan Usd Emerging (EMB).

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 84 analyst reports since August 7, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, July 20 by Argus Research. UBS maintained the stock with “Buy” rating in Wednesday, October 19 report. The company was maintained on Tuesday, October 17 by BMO Capital Markets. Argus Research maintained Johnson & Johnson (NYSE:JNJ) rating on Wednesday, April 20. Argus Research has “Buy” rating and $130 target. The company was upgraded on Monday, March 14 by Goldman Sachs. As per Thursday, October 19, the company rating was maintained by Credit Suisse. The firm has “Hold” rating given on Tuesday, July 18 by Piper Jaffray. The stock of Johnson & Johnson (NYSE:JNJ) earned “Buy” rating by RBC Capital Markets on Friday, September 22. As per Wednesday, October 11, the company rating was upgraded by Jefferies. The firm earned “Outperform” rating on Wednesday, October 7 by RBC Capital Markets.

Investors sentiment is 0.83 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. 1.71 billion shares or 0.90% less from 1.73 billion shares in 2017Q2 were reported. Baker Ellis Asset Mngmt Llc holds 1.15% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 33,241 shares. Alexandria Cap Ltd Liability Com has 7,868 shares for 0.26% of their portfolio. Jp Marvel Inv Advsr Llc holds 3.1% or 74,961 shares in its portfolio. Coldstream Cap Incorporated invested in 0.65% or 43,260 shares. Interest Inc Ca holds 0.41% or 21,700 shares in its portfolio. Zevin Asset Limited Liability Co reported 16,145 shares. Garland Capital Mngmt stated it has 48,380 shares or 4.03% of all its holdings. Moreover, Chesley Taft And Associate Lc has 2.32% invested in Johnson & Johnson (NYSE:JNJ) for 206,797 shares. Grand Jean Management, California-based fund reported 4,691 shares. Capital Counsel Lc New York invested in 5.12% or 439,678 shares. Ativo Cap Mgmt Ltd Liability accumulated 18,419 shares or 0.64% of the stock. Tiemann Advsrs Ltd Llc accumulated 2.11% or 19,176 shares. Tru Commerce Of Virginia Va stated it has 100,857 shares or 1.94% of all its holdings. Warren Averett Asset Management Ltd invested 0.42% of its portfolio in Johnson & Johnson (NYSE:JNJ). Sumitomo Mitsui invested in 8.05M shares or 1.48% of the stock.

Among 9 analysts covering Verint Systems (NASDAQ:VRNT), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Verint Systems had 31 analyst reports since September 3, 2015 according to SRatingsIntel. The stock of Verint Systems Inc. (NASDAQ:VRNT) has “Outperform” rating given on Friday, September 4 by RBC Capital Markets. The firm earned “Outperform” rating on Thursday, September 3 by FBR Capital. The stock of Verint Systems Inc. (NASDAQ:VRNT) earned “Hold” rating by William Blair on Sunday, September 6. The rating was maintained by Oppenheimer with “Buy” on Thursday, June 8. Deutsche Bank maintained the shares of VRNT in report on Thursday, September 7 with “Hold” rating. FBR Capital maintained the stock with “Outperform” rating in Thursday, December 3 report. The firm earned “Buy” rating on Friday, February 10 by Goldman Sachs. The stock of Verint Systems Inc. (NASDAQ:VRNT) has “Buy” rating given on Thursday, December 3 by Deutsche Bank. The firm earned “Buy” rating on Sunday, October 22 by RBC Capital Markets. The stock of Verint Systems Inc. (NASDAQ:VRNT) has “Hold” rating given on Wednesday, March 30 by Deutsche Bank.

Investors sentiment increased to 1.47 in 2017 Q3. Its up 0.33, from 1.14 in 2017Q2. It improved, as 20 investors sold VRNT shares while 56 reduced holdings. 26 funds opened positions while 86 raised stakes. 57.40 million shares or 0.12% less from 57.47 million shares in 2017Q2 were reported. 680,283 were accumulated by Deutsche Fincl Bank Ag. Cipher Cap LP invested in 0.13% or 42,798 shares. Asset Mgmt One Ltd has 0% invested in Verint Systems Inc. (NASDAQ:VRNT). Envestnet Asset Mngmt stated it has 32,271 shares. Bernzott Cap Advisors, a California-based fund reported 520,009 shares. Psagot Inv House Limited invested 0.01% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT). Solaris Asset Mgmt Ltd Company has 0.11% invested in Verint Systems Inc. (NASDAQ:VRNT). Savings Bank Of Mellon Corporation holds 1.09 million shares. Geode Cap Mgmt Lc invested in 0.01% or 550,796 shares. Price T Rowe Assoc Inc Md holds 16,276 shares. Moreover, Numeric Investors Limited Liability has 0.26% invested in Verint Systems Inc. (NASDAQ:VRNT) for 818,000 shares. Tompkins Fincl has 699 shares for 0.01% of their portfolio. Comerica Bank holds 0% or 12,301 shares in its portfolio. Dimensional Fund Advsr Ltd Partnership reported 0.03% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT). Fny Managed Accounts Limited reported 3,920 shares stake.

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