Bridgewater Associates LP Lowered Target (TGT) Holding By $4.66 Million; Servicesource International (SREV) Has 1.12 Sentiment

March 21, 2018 - By Vivian Park

Bridgewater Associates Lp decreased Target Corp (TGT) stake by 25.97% reported in 2017Q3 SEC filing. Bridgewater Associates Lp sold 78,988 shares as Target Corp (TGT)’s stock declined 14.90%. The Bridgewater Associates Lp holds 225,125 shares with $13.29M value, down from 304,113 last quarter. Target Corp now has $38.34 billion valuation. The stock decreased 0.57% or $0.41 during the last trading session, reaching $71.15. About 1.58M shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since March 21, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

ServiceSource International, Inc. provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company has market cap of $349.04 million. It offers end-to-end management and optimization of the service-contract renewals process, including data management, quoting, selling, and recurring revenue business intelligence. It currently has negative earnings. The companyÂ’s solutions include outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account marketing, and channel recruitment and enablement, as well as renewals management, including the sale of maintenance and support service contracts for the products used by its clientsÂ’ end-users.

Harvest Capital Strategies Llc holds 4.63% of its portfolio in ServiceSource International, Inc. for 7.01 million shares. Prescott Group Capital Management L.L.C. owns 3.88 million shares or 2.74% of their US portfolio. Moreover, Rgm Capital Llc has 2.74% invested in the company for 7.67 million shares. The California-based Lyon Street Capital Llc has invested 0.63% in the stock. Regis Management Co Llc, a California-based fund reported 1.11 million shares.

Analysts await ServiceSource International, Inc. (NASDAQ:SREV) to report earnings on May, 14. They expect $-0.01 earnings per share, up 66.67% or $0.02 from last year’s $-0.03 per share. After $0.06 actual earnings per share reported by ServiceSource International, Inc. for the previous quarter, Wall Street now forecasts -116.67% negative EPS growth.

It closed at $3.86 lastly. It is down 12.19% since March 21, 2017 and is downtrending. It has underperformed by 28.89% the S&P500.

Bridgewater Associates Lp increased Royal Caribbean Cruises Ltd (NYSE:RCL) stake by 105,324 shares to 138,938 valued at $16.47M in 2017Q3. It also upped Kroger Co (NYSE:KR) stake by 1.57M shares and now owns 2.11 million shares. Juniper Networks Inc (NYSE:JNPR) was raised too.

Among 28 analysts covering Target Corporation (NYSE:TGT), 10 have Buy rating, 3 Sell and 15 Hold. Therefore 36% are positive. Target Corporation had 88 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Peer Perform” rating given on Friday, April 29 by Wolfe Research. The company was upgraded on Tuesday, September 8 by Vetr. The stock has “Hold” rating by Stifel Nicolaus on Friday, January 20. Bank of America maintained Target Corporation (NYSE:TGT) rating on Tuesday, January 9. Bank of America has “Buy” rating and $72.0 target. The stock has “Neutral” rating by Credit Suisse on Friday, September 16. The company was maintained on Thursday, August 31 by Jefferies. The rating was maintained by Cowen & Co with “Outperform” on Saturday, August 22. On Friday, May 20 the stock rating was maintained by Goldman Sachs with “Neutral”. The rating was maintained by Telsey Advisory Group on Thursday, August 18 with “Outperform”. The company was maintained on Tuesday, October 3 by Jefferies.

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