Baillie Gifford & Company Upped Its Stake in Ambarella (AMBA) by $1.13 Million as Valuation Declined; As Microsoft (MSFT) Valuation Rose, Pointstate Capital LP Decreased Its Stake by $552,500

April 16, 2018 - By Adrian Erickson

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Baillie Gifford & Company increased its stake in Ambarella (AMBA) by 11.04% based on its latest 2017Q4 regulatory filing with the SEC. Baillie Gifford & Company bought 19,538 shares as the company’s stock declined 16.32% with the market. The institutional investor held 196,537 shares of the technology company at the end of 2017Q4, valued at $11.55 million, up from 176,999 at the end of the previous reported quarter. Baillie Gifford & Company who had been investing in Ambarella for a number of months, seems to be bullish on the $1.74B market cap company. The stock increased 0.18% or $0.0952 during the last trading session, reaching $52.1952. About 481,880 shares traded. Ambarella, Inc. (NASDAQ:AMBA) has declined 11.95% since April 16, 2017 and is downtrending. It has underperformed by 23.50% the S&P500.

Pointstate Capital Lp decreased its stake in Microsoft Corp (MSFT) by 12.15% based on its latest 2017Q4 regulatory filing with the SEC. Pointstate Capital Lp sold 6,500 shares as the company’s stock rose 4.63% while stock markets declined. The hedge fund held 47,000 shares of the prepackaged software company at the end of 2017Q4, valued at $4.02 million, down from 53,500 at the end of the previous reported quarter. Pointstate Capital Lp who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $725.86B market cap company. The stock increased 1.28% or $1.19 during the last trading session, reaching $94.27. About 11.53M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 16, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Investors sentiment decreased to 1.1 in Q4 2017. Its down 0.11, from 1.21 in 2017Q3. It fall, as 29 investors sold AMBA shares while 51 reduced holdings. 40 funds opened positions while 48 raised stakes. 22.14 million shares or 10.73% more from 19.99 million shares in 2017Q3 were reported. Reilly Advsrs Ltd has 100 shares. State Street owns 618,851 shares. Security Natl Communications reported 0.02% of its portfolio in Ambarella, Inc. (NASDAQ:AMBA). State Of Wisconsin Board holds 0.02% or 150,000 shares. Oak Assocs Ltd Oh, Ohio-based fund reported 24,070 shares. Art Advsr Ltd Liability Company reported 42,300 shares. Whittier Tru invested 0% of its portfolio in Ambarella, Inc. (NASDAQ:AMBA). Arrowmark Colorado Ltd Liability Corporation holds 65,000 shares. 160,600 are owned by Shell Asset. 1,150 were accumulated by Amer Research And Mgmt Co. Greenleaf Tru owns 0.08% invested in Ambarella, Inc. (NASDAQ:AMBA) for 63,785 shares. Tide Point Management LP stated it has 771,731 shares or 3.09% of all its holdings. Mengis Capital Mgmt Incorporated invested 0.62% in Ambarella, Inc. (NASDAQ:AMBA). Millennium Management Ltd Limited Liability Company reported 461,750 shares. Macquarie Group Incorporated Limited stated it has 0% in Ambarella, Inc. (NASDAQ:AMBA).

Baillie Gifford & Company, which manages about $80.43 billion US Long portfolio, decreased its stake in Splunk Inc (NASDAQ:SPLK) by 5.85M shares to 159,481 shares, valued at $13.21 million in 2017Q4, according to the filing. It also reduced its holding in Edison International (NYSE:EIX) by 67,220 shares in the quarter, leaving it with 196,460 shares, and cut its stake in Restaurant Brands International.

Among 21 analysts covering Ambarella Corporation (NASDAQ:AMBA), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 67% are positive. Ambarella Corporation had 70 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Monday, July 10 with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, November 22 report. As per Friday, December 1, the company rating was maintained by Canaccord Genuity. The stock has “Hold” rating by KeyBanc Capital Markets on Tuesday, May 30. TheStreet upgraded the shares of AMBA in report on Tuesday, October 13 to “Buy” rating. The stock of Ambarella, Inc. (NASDAQ:AMBA) has “Buy” rating given on Wednesday, December 23 by Craig Hallum. The rating was maintained by Deutsche Bank on Tuesday, December 1 with “Hold”. FBN Securities maintained it with “Outperform” rating and $70 target in Friday, December 4 report. As per Wednesday, June 7, the company rating was maintained by Oppenheimer. As per Thursday, March 1, the company rating was maintained by Stifel Nicolaus.

Since December 11, 2017, it had 0 insider buys, and 11 insider sales for $2.62 million activity. Shares for $162,394 were sold by Kohn Leslie. Day Christopher sold 1,111 shares worth $64,094. 11,340 shares valued at $678,132 were sold by Chen Yun-Lung on Monday, December 11. Shares for $242,413 were sold by Laplante George on Monday, December 18. Another trade for 8,851 shares valued at $510,614 was sold by Wang Feng-Ming.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on April, 26. They expect $0.85 earnings per share, up 16.44% or $0.12 from last year’s $0.73 per share. MSFT’s profit will be $6.54 billion for 27.73 P/E if the $0.85 EPS becomes a reality. After $0.96 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth.

Pointstate Capital Lp, which manages about $10.76B and $10.30B US Long portfolio, upped its stake in Loral Space & Communicatns I (NASDAQ:LORL) by 398,855 shares to 526,300 shares, valued at $23.18M in 2017Q4, according to the filing. It also increased its holding in Citizens Finl Group Inc (NYSE:CFG) by 649,296 shares in the quarter, for a total of 2.04M shares, and has risen its stake in Sarepta Therapeutics Inc (NASDAQ:SRPT).

Since February 16, 2018, it had 0 insider purchases, and 3 selling transactions for $930,912 activity.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 170 analyst reports since July 22, 2015 according to SRatingsIntel. Argus Research maintained Microsoft Corporation (NASDAQ:MSFT) rating on Tuesday, February 6. Argus Research has “Buy” rating and $107.0 target. The rating was initiated by Piper Jaffray with “Overweight” on Thursday, December 22. The company was initiated on Monday, May 16 by Canaccord Genuity. Stifel Nicolaus maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, October 27 with “Buy” rating. The firm earned “Buy” rating on Wednesday, August 23 by BMO Capital Markets. On Friday, August 21 the stock rating was upgraded by Vetr to “Hold”. As per Wednesday, January 11, the company rating was initiated by Wells Fargo. Citigroup maintained it with “Sell” rating and $74 target in Friday, July 21 report. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Goldman Sachs on Thursday, November 17. Goldman Sachs maintained it with “Buy” rating and $8800 target in Tuesday, July 18 report.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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