Sawgrass Asset Management Upped By $17.01 Million Its Amgen Com (AMGN) Position; Shorts at Pitney Bowes (PBI) Raised By 3.51%

March 22, 2018 - By Vivian Park

Pitney Bowes Inc (NYSE:PBI) had an increase of 3.51% in short interest. PBI’s SI was 4.67M shares in March as released by FINRA. Its up 3.51% from 4.51M shares previously. With 2.33 million avg volume, 2 days are for Pitney Bowes Inc (NYSE:PBI)’s short sellers to cover PBI’s short positions. The SI to Pitney Bowes Inc’s float is 2.51%. The stock decreased 1.92% or $0.235 during the last trading session, reaching $12.005. About 196,846 shares traded. Pitney Bowes Inc. (NYSE:PBI) has declined 15.45% since March 22, 2017 and is downtrending. It has underperformed by 32.15% the S&P500.

Sawgrass Asset Management Llc increased Amgen Inc Com (AMGN) stake by 5348.25% reported in 2017Q3 SEC filing. Sawgrass Asset Management Llc acquired 91,455 shares as Amgen Inc Com (AMGN)’s stock declined 9.68%. The Sawgrass Asset Management Llc holds 93,165 shares with $17.37M value, up from 1,710 last quarter. Amgen Inc Com now has $128.48 billion valuation. The stock decreased 1.81% or $3.28 during the last trading session, reaching $178.31. About 968,233 shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since March 22, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Pitney Bowes Inc. offers customer information management, location intelligence, and customer engagement technology products and solutions in the United States and internationally. The company has market cap of $2.24 billion. The firm operates in three divisions: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions. It has a 8.64 P/E ratio. The Small & Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment, software, and supplies.

Among 5 analysts covering Pitney Bowes (NYSE:PBI), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Pitney Bowes had 7 analyst reports since September 1, 2015 according to SRatingsIntel. Sidoti downgraded the shares of PBI in report on Monday, May 15 to “Neutral” rating. The rating was downgraded by Zacks to “Sell” on Monday, September 7. Loop Capital Markets initiated the shares of PBI in report on Friday, July 28 with “Hold” rating. Brean Capital maintained the stock with “Buy” rating in Thursday, September 17 report. The rating was upgraded by Zacks to “Sell” on Tuesday, September 1. The rating was maintained by Loop Capital with “Hold” on Thursday, November 2. The company was upgraded on Wednesday, August 2 by Sidoti.

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.15, from 1.02 in 2017Q2. It increased, as 33 investors sold Pitney Bowes Inc. shares while 92 reduced holdings. 32 funds opened positions while 95 raised stakes. 136.06 million shares or 2.96% less from 140.22 million shares in 2017Q2 were reported. Breton Hill Capital invested 2.09% in Pitney Bowes Inc. (NYSE:PBI). Cipher Cap L P invested in 249,321 shares. Wedge Cap Mngmt L Ltd Partnership Nc reported 0.21% in Pitney Bowes Inc. (NYSE:PBI). Ledyard Fincl Bank holds 0% of its portfolio in Pitney Bowes Inc. (NYSE:PBI) for 1,990 shares. Palisade Cap Ltd Nj has 61,460 shares. Griffin Asset Mngmt invested in 0.1% or 40,000 shares. Legal General Group Public holds 0% or 388,760 shares in its portfolio. Brown Brothers Harriman & Communications invested in 0.01% or 82,746 shares. Massachusetts Ser Communication Ma reported 2.07 million shares. Dekabank Deutsche Girozentrale holds 0% of its portfolio in Pitney Bowes Inc. (NYSE:PBI) for 6,300 shares. Natixis reported 0% of its portfolio in Pitney Bowes Inc. (NYSE:PBI). Northwestern Mutual Wealth invested in 0% or 4,419 shares. First Interstate Natl Bank stated it has 0% of its portfolio in Pitney Bowes Inc. (NYSE:PBI). Prudential Pcl holds 0.02% or 502,650 shares in its portfolio. 3.83M were reported by Invesco.

Sawgrass Asset Management Llc decreased Citrix Sys Inc Com (NASDAQ:CTXS) stake by 31,020 shares to 184,753 valued at $14.19M in 2017Q3. It also reduced Schein Henry Inc Com (NASDAQ:HSIC) stake by 7,994 shares and now owns 124,432 shares. Dell Technologies Inc Com Cl V was reduced too.

Since October 9, 2017, it had 0 buys, and 5 sales for $1.39 million activity. Harper Sean E also sold $289,369 worth of Amgen Inc. (NASDAQ:AMGN) shares.

Investors sentiment increased to 1.22 in Q3 2017. Its up 0.23, from 0.99 in 2017Q2. It is positive, as 58 investors sold AMGN shares while 511 reduced holdings. 108 funds opened positions while 453 raised stakes. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. Paradigm Asset Mgmt Limited invested in 2,600 shares or 0.13% of the stock. Moreover, Patten And Patten Tn has 0.06% invested in Amgen Inc. (NASDAQ:AMGN) for 3,140 shares. Ballentine Prtn Limited Co owns 0.03% invested in Amgen Inc. (NASDAQ:AMGN) for 3,244 shares. Mogy Joel R Invest Counsel Inc invested in 0.21% or 6,790 shares. Cue Financial Gp Inc reported 0.8% in Amgen Inc. (NASDAQ:AMGN). Bowling Portfolio Management has invested 1.09% in Amgen Inc. (NASDAQ:AMGN). Dixon Hubard Feinour & Brown Inc Va reported 1.87% in Amgen Inc. (NASDAQ:AMGN). Fairfield Bush & holds 1.93% or 33,146 shares. Dillon And Assocs Inc has invested 0.26% in Amgen Inc. (NASDAQ:AMGN). Cheviot Value Mgmt Ltd Liability Com owns 1,674 shares. Penn Davis Mcfarland Incorporated invested 0.09% in Amgen Inc. (NASDAQ:AMGN). Illinois-based Rmb Management Limited Liability Corporation has invested 0.39% in Amgen Inc. (NASDAQ:AMGN). Lazard Asset Management Ltd Liability has 130,450 shares. Norinchukin Savings Bank The accumulated 0.33% or 91,587 shares. 504,089 were accumulated by Proshare Advsrs Ltd Limited Liability Company.

Among 25 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 14 Hold. Therefore 44% are positive. Amgen Inc. had 87 analyst reports since August 3, 2015 according to SRatingsIntel. Bernstein initiated the stock with “Market Perform” rating in Wednesday, June 29 report. Atlantic Securities initiated it with “Overweight” rating and $202 target in Friday, December 18 report. The rating was upgraded by UBS on Monday, September 7 to “Buy”. The rating was maintained by Oppenheimer with “Buy” on Monday, June 26. Piper Jaffray maintained it with “Buy” rating and $193.0 target in Thursday, September 7 report. On Tuesday, June 13 the stock rating was maintained by Oppenheimer with “Buy”. The stock of Amgen Inc. (NASDAQ:AMGN) has “Buy” rating given on Thursday, January 18 by Piper Jaffray. The firm has “Hold” rating by BMO Capital Markets given on Friday, September 22. As per Sunday, August 27, the company rating was maintained by Jefferies. The rating was initiated by Gabelli with “Hold” on Friday, August 26.

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