Eventide Asset Management Position in Splunk (SPLK) Decreased by $11.15 Million; Pzena Investment Management Has Cut Its Stake in Comerica (CMA) as Stock Price Declined

January 14, 2018 - By olga

Richard S. Pzena decreased its stake in Comerica Inc (CMA) by 3.69% based on its latest 2017Q3 regulatory filing with the SEC. Pzena Investment Management Llc sold 28,561 shares as the company’s stock declined 5.54% while stock markets rallied. The hedge fund run by Richard S. Pzena held 745,540 shares of the major banks company at the end of 2017Q3, valued at $56.86 million, down from 774,101 at the end of the previous reported quarter. Pzena Investment Management Llc who had been investing in Comerica Inc for a number of months, seems to be less bullish one the $16.18 billion market cap company. The stock increased 0.56% or $0.52 during the last trading session, reaching $93.04. About 1.62M shares traded or 1.40% up from the average. Comerica Incorporated (NYSE:CMA) has risen 54.07% since January 14, 2017 and is uptrending. It has outperformed by 37.37% the S&P500.

Eventide Asset Management Llc decreased its stake in Splunk Inc (SPLK) by 33.8% based on its latest 2017Q3 regulatory filing with the SEC. Eventide Asset Management Llc sold 169,000 shares as the company’s stock rose 2.42% with the market. The institutional investor held 331,000 shares of the prepackaged software company at the end of 2017Q3, valued at $21.99M, down from 500,000 at the end of the previous reported quarter. Eventide Asset Management Llc who had been investing in Splunk Inc for a number of months, seems to be less bullish one the $12.68B market cap company. The stock increased 0.21% or $0.19 during the last trading session, reaching $89.64. About 1.41 million shares traded. Splunk Inc. (NASDAQ:SPLK) has risen 30.53% since January 14, 2017 and is uptrending. It has outperformed by 13.83% the S&P500.

Pzena Investment Management Llc, which manages about $24.64 billion and $18.92 billion US Long portfolio, upped its stake in Ply Gem Holdings Inc (NYSE:PGEM) by 1.09 million shares to 1.95 million shares, valued at $33.29 million in 2017Q3, according to the filing. It also increased its holding in Omnicom Group (NYSE:OMC) by 364,309 shares in the quarter, for a total of 6.34 million shares, and has risen its stake in Actuant Corp (NYSE:ATU).

Analysts await Comerica Incorporated (NYSE:CMA) to report earnings on January, 16 before the open. They expect $1.24 earnings per share, up 25.25% or $0.25 from last year’s $0.99 per share. CMA’s profit will be $215.65M for 18.76 P/E if the $1.24 EPS becomes a reality. After $1.27 actual earnings per share reported by Comerica Incorporated for the previous quarter, Wall Street now forecasts -2.36% negative EPS growth.

Among 32 analysts covering Comerica Inc (NYSE:CMA), 15 have Buy rating, 2 Sell and 15 Hold. Therefore 47% are positive. Comerica Inc had 110 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, April 5 by Jefferies. Robert W. Baird maintained it with “Hold” rating and $70.0 target in Friday, August 25 report. The firm earned “Outperform” rating on Friday, November 17 by Macquarie Research. FBR Capital maintained Comerica Incorporated (NYSE:CMA) rating on Wednesday, July 20. FBR Capital has “Outperform” rating and $50 target. Jefferies maintained Comerica Incorporated (NYSE:CMA) rating on Thursday, June 8. Jefferies has “Buy” rating and $8100 target. The firm earned “Buy” rating on Wednesday, April 5 by RBC Capital Markets. Robert W. Baird downgraded Comerica Incorporated (NYSE:CMA) on Thursday, November 10 to “Neutral” rating. Deutsche Bank maintained Comerica Incorporated (NYSE:CMA) on Wednesday, February 24 with “Hold” rating. Compass Point maintained the shares of CMA in report on Wednesday, July 20 with “Neutral” rating. Nomura maintained the shares of CMA in report on Thursday, September 28 with “Neutral” rating.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.29, from 1.35 in 2017Q2. It is negative, as 43 investors sold CMA shares while 147 reduced holdings. 50 funds opened positions while 152 raised stakes. 139.79 million shares or 2.40% less from 143.22 million shares in 2017Q2 were reported. California-based West Oak Cap Limited Liability Corporation has invested 0.01% in Comerica Incorporated (NYSE:CMA). First Manhattan invested in 3,825 shares or 0% of the stock. Ubs Asset Americas holds 970,660 shares or 0.07% of its portfolio. British Columbia Investment Mgmt Corporation reported 0.06% stake. Evercore Wealth Management Limited Liability Company accumulated 526 shares. 13,550 were reported by Horizon Invest Services Llc. Hgk Asset has 2,855 shares. Public Employees Retirement Sys Of Ohio reported 76,124 shares. Everence Capital Inc has invested 0.08% in Comerica Incorporated (NYSE:CMA). Virtus Investment Advisers Inc, Connecticut-based fund reported 8,634 shares. 13,144 are held by Chemical Bank. Hsbc Hldgs Public Ltd Co holds 0.02% or 202,005 shares in its portfolio. Brighton Jones Ltd Liability Co has 2,965 shares for 0.03% of their portfolio. Amp Capital Invsts reported 0.1% in Comerica Incorporated (NYSE:CMA). Strs Ohio, a Ohio-based fund reported 485,010 shares.

Since August 22, 2017, it had 0 insider buys, and 3 insider sales for $3.10 million activity. Another trade for 21,000 shares valued at $1.46M was sold by Love Judith S. OBERMEYER PAUL R sold $1.43M worth of stock.

Among 43 analysts covering Splunk Inc (NASDAQ:SPLK), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Splunk Inc had 150 analyst reports since August 24, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Buy” rating in Friday, May 26 report. The firm has “Buy” rating given on Friday, August 25 by Canaccord Genuity. RBC Capital Markets maintained the shares of SPLK in report on Friday, February 26 with “Outperform” rating. The stock of Splunk Inc. (NASDAQ:SPLK) has “Overweight” rating given on Tuesday, February 9 by Mitsubishi UFJ. Summit Redstone Partners initiated it with “Buy” rating and $72 target in Tuesday, September 6 report. Piper Jaffray maintained Splunk Inc. (NASDAQ:SPLK) on Sunday, August 13 with “Buy” rating. As per Thursday, November 16, the company rating was maintained by Oppenheimer. As per Friday, May 27, the company rating was maintained by Macquarie Research. As per Monday, August 31, the company rating was maintained by Credit Suisse. On Friday, May 27 the stock rating was maintained by Citigroup with “Buy”.

Investors sentiment increased to 1.41 in 2017 Q3. Its up 0.35, from 1.06 in 2017Q2. It increased, as 33 investors sold SPLK shares while 81 reduced holdings. 53 funds opened positions while 108 raised stakes. 143.10 million shares or 3.45% more from 138.32 million shares in 2017Q2 were reported. First Trust Advsr LP accumulated 154,904 shares. Commonwealth Equity owns 0% invested in Splunk Inc. (NASDAQ:SPLK) for 3,170 shares. Illinois-based Northern Tru has invested 0.01% in Splunk Inc. (NASDAQ:SPLK). Credit Suisse Ag holds 0.07% of its portfolio in Splunk Inc. (NASDAQ:SPLK) for 1.01M shares. M&T Bancorp Corporation has invested 0.01% in Splunk Inc. (NASDAQ:SPLK). Quantitative Invest Mngmt Limited Liability has 38,900 shares. Edge Wealth Mgmt Ltd Liability Corporation has 2,000 shares for 0.04% of their portfolio. Fortaleza Asset Mgmt Incorporated holds 1.09% or 8,980 shares. Jane Street Gp Limited Liability Corp invested in 0% or 17,659 shares. Bnp Paribas Arbitrage Sa holds 11,289 shares or 0% of its portfolio. Principal Grp Inc, a Iowa-based fund reported 6,978 shares. Moreover, Whittier Tru Of Nevada Inc has 0% invested in Splunk Inc. (NASDAQ:SPLK). Stifel Corp reported 54,863 shares stake. Shine Investment Advisory Service Incorporated invested in 0.03% or 862 shares. Capstone Inv Limited Liability Corp reported 9,100 shares.

Since August 14, 2017, it had 0 insider purchases, and 16 selling transactions for $33.06 million activity. St. Ledger Susan had sold 677 shares worth $47,064 on Friday, September 22. On Wednesday, December 13 CONTE DAVID F sold $564,563 worth of Splunk Inc. (NASDAQ:SPLK) or 6,993 shares. $711,303 worth of Splunk Inc. (NASDAQ:SPLK) shares were sold by SULLIVAN GODFREY. On Wednesday, September 20 Neustaetter Thomas M sold $244,668 worth of Splunk Inc. (NASDAQ:SPLK) or 3,614 shares. Shares for $810,586 were sold by Merritt Douglas on Wednesday, December 13. Another trade for 4,851 shares valued at $328,849 was made by STEIN LEONARD R on Sunday, September 10.

Eventide Asset Management Llc, which manages about $1.15B and $1.76B US Long portfolio, upped its stake in Ascendis Pharma A S by 564,540 shares to 1.20M shares, valued at $43.67M in 2017Q3, according to the filing. It also increased its holding in Spark Therapeutics Inc (NASDAQ:ONCE) by 174,000 shares in the quarter, for a total of 324,000 shares, and has risen its stake in Instructure Inc.

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