Dana (DAN) Shareholder Verition Fund Management Decreased Stake; Ion Asset Management LTD Has Lifted Its Radware LTD (RDWR) Holding by $1.92 Million; Market Value Rose

January 14, 2018 - By Adrian Mccoy

Verition Fund Management Llc decreased its stake in Dana Incorporated (DAN) by 64.72% based on its latest 2017Q3 regulatory filing with the SEC. Verition Fund Management Llc sold 19,553 shares as the company’s stock rose 1.03% with the market. The hedge fund held 10,660 shares of the o.e.m. company at the end of 2017Q3, valued at $298,000, down from 30,213 at the end of the previous reported quarter. Verition Fund Management Llc who had been investing in Dana Incorporated for a number of months, seems to be less bullish one the $5.05B market cap company. The stock increased 1.81% or $0.62 during the last trading session, reaching $34.88. About 649,217 shares traded. Dana Incorporated (NYSE:DAN) has risen 70.12% since January 14, 2017 and is uptrending. It has outperformed by 53.42% the S&P500.

Bart Baum increased its stake in Radware Ltd (RDWR) by 6.83% based on its latest 2017Q3 regulatory filing with the SEC. Ion Asset Management Ltd bought 119,720 shares as the company’s stock rose 6.20% with the market. The hedge fund run by Bart Baum held 1.87 million shares of the business services company at the end of 2017Q3, valued at $31.58 million, up from 1.75M at the end of the previous reported quarter. Ion Asset Management Ltd who had been investing in Radware Ltd for a number of months, seems to be bullish on the $874.38M market cap company. The stock increased 0.40% or $0.08 during the last trading session, reaching $20.11. About 68,770 shares traded. Radware Ltd. (NASDAQ:RDWR) has risen 64.61% since January 14, 2017 and is uptrending. It has outperformed by 47.91% the S&P500.

Among 9 analysts covering Radware (NASDAQ:RDWR), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Radware had 24 analyst reports since July 29, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, October 6 by Wells Fargo. Oppenheimer downgraded it to “Perform” rating and $23 target in Tuesday, October 6 report. The stock of Radware Ltd. (NASDAQ:RDWR) earned “Neutral” rating by DA Davidson on Wednesday, November 2. Imperial Capital maintained the stock with “Outperform” rating in Wednesday, July 29 report. The firm has “Buy” rating given on Thursday, February 4 by Needham. Barclays Capital maintained Radware Ltd. (NASDAQ:RDWR) on Thursday, November 2 with “Overweight” rating. The rating was maintained by Jefferies on Wednesday, October 4 with “Buy”. The stock of Radware Ltd. (NASDAQ:RDWR) earned “Buy” rating by Oppenheimer on Wednesday, August 2. RBC Capital Markets maintained it with “Sector Perform” rating and $19.0 target in Monday, November 2 report. Needham maintained it with “Buy” rating and $24 target in Wednesday, July 29 report.

Ion Asset Management Ltd, which manages about $328.96M US Long portfolio, decreased its stake in Camtek Limited (NASDAQ:CAMT) by 288,945 shares to 264,327 shares, valued at $1.35 million in 2017Q3, according to the filing. It also reduced its holding in Orbotech Ltd (NASDAQ:ORBK) by 79,048 shares in the quarter, leaving it with 982,638 shares, and cut its stake in Varonis Systems Inc (NASDAQ:VRNS).

Verition Fund Management Llc, which manages about $1.22 billion and $1.24B US Long portfolio, upped its stake in Clorox Co Del (NYSE:CLX) by 13,701 shares to 15,583 shares, valued at $2.06 million in 2017Q3, according to the filing. It also increased its holding in Vectren Corp (NYSE:VVC) by 12,805 shares in the quarter, for a total of 20,000 shares, and has risen its stake in Scana Corp New (NYSE:SCG).

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.05, from 1.08 in 2017Q2. It is negative, as 21 investors sold DAN shares while 83 reduced holdings. 39 funds opened positions while 68 raised stakes. 137.76 million shares or 2.31% less from 141.01 million shares in 2017Q2 were reported. Janney Montgomery Scott Ltd, a Pennsylvania-based fund reported 44,389 shares. Lsv Asset Mgmt has 0.08% invested in Dana Incorporated (NYSE:DAN) for 1.63M shares. Proshare Advsrs reported 19,995 shares. Credit Suisse Ag stated it has 0.01% of its portfolio in Dana Incorporated (NYSE:DAN). Natl Bank Of Ny Mellon Corporation holds 2.87 million shares or 0.02% of its portfolio. Cubist Systematic Strategies Ltd has invested 0.11% in Dana Incorporated (NYSE:DAN). Zacks Mgmt has invested 0.05% in Dana Incorporated (NYSE:DAN). Ny State Teachers Retirement invested 0.01% of its portfolio in Dana Incorporated (NYSE:DAN). 270,322 are held by Voloridge Management Limited Liability Corp. Glenmede Na has 0% invested in Dana Incorporated (NYSE:DAN). Citadel Advsr owns 0.06% invested in Dana Incorporated (NYSE:DAN) for 2.58 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 5,055 shares. Profund Advsr Lc owns 19,428 shares or 0.02% of their US portfolio. Bridgeway Cap Management stated it has 0.1% in Dana Incorporated (NYSE:DAN). Everett Harris And Ca reported 0.02% stake.

Analysts await Dana Incorporated (NYSE:DAN) to report earnings on February, 8. They expect $0.54 EPS, down 8.47% or $0.05 from last year’s $0.59 per share. DAN’s profit will be $78.23 million for 16.15 P/E if the $0.54 EPS becomes a reality. After $0.59 actual EPS reported by Dana Incorporated for the previous quarter, Wall Street now forecasts -8.47% negative EPS growth.

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