Accenture Plc Com (ACN) Holder Pioneer Trust Bank N A Cut Stake as Share Price Declined; Avalon Global Asset Management Boosted Its Stake in Maxlinear (MXL) by $780,000

May 26, 2018 - By Ruchi Gupta

MaxLinear, Inc. (NYSE:MXL) Logo

Pioneer Trust Bank N A decreased its stake in Accenture Plc Com (ACN) by 5.73% based on its latest 2017Q4 regulatory filing with the SEC. Pioneer Trust Bank N A sold 2,175 shares as the company’s stock declined 3.27% with the market. The institutional investor held 35,785 shares of the business services company at the end of 2017Q4, valued at $5.48 million, down from 37,960 at the end of the previous reported quarter. Pioneer Trust Bank N A who had been investing in Accenture Plc Com for a number of months, seems to be less bullish one the $100.32 billion market cap company. The stock increased 0.26% or $0.4 during the last trading session, reaching $155.99. About 1.31 million shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since May 26, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Avalon Global Asset Management Llc increased its stake in Maxlinear Inc (MXL) by 22.81% based on its latest 2017Q4 regulatory filing with the SEC. Avalon Global Asset Management Llc bought 30,000 shares as the company’s stock declined 13.36% with the market. The hedge fund held 161,500 shares of the technology company at the end of 2017Q4, valued at $4.27 million, up from 131,500 at the end of the previous reported quarter. Avalon Global Asset Management Llc who had been investing in Maxlinear Inc for a number of months, seems to be bullish on the $1.29 billion market cap company. The stock increased 1.62% or $0.3 during the last trading session, reaching $18.86. About 512,939 shares traded. MaxLinear, Inc. (NYSE:MXL) has declined 13.30% since May 26, 2017 and is downtrending. It has underperformed by 24.85% the S&P500.

Analysts await Accenture plc (NYSE:ACN) to report earnings on June, 28. They expect $1.71 EPS, up 12.50% or $0.19 from last year’s $1.52 per share. ACN’s profit will be $1.10 billion for 22.81 P/E if the $1.71 EPS becomes a reality. After $1.58 actual EPS reported by Accenture plc for the previous quarter, Wall Street now forecasts 8.23% EPS growth.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 97 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Accenture plc (NYSE:ACN) earned “Buy” rating by Cantor Fitzgerald on Thursday, June 15. KeyBanc Capital Markets maintained the shares of ACN in report on Monday, November 20 with “Overweight” rating. Wells Fargo maintained it with “Outperform” rating and $150 target in Friday, September 29 report. The rating was upgraded by Societe Generale to “Buy” on Monday, September 26. On Thursday, March 22 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm has “Buy” rating given on Thursday, October 13 by Berenberg. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, November 2 report. The stock has “Buy” rating by Cowen & Co on Thursday, December 14. The stock has “Buy” rating by Cowen & Co on Thursday, January 11. The rating was maintained by Barclays Capital on Wednesday, September 27 with “Equal-Weight”.

More notable recent Accenture plc (NYSE:ACN) news were published by: Businesswire.com which released: “Accenture Commits US$200 Million to Education, Training and Skills Initiatives Over Next Three Years to Equip …” on May 23, 2018, also Streetinsider.com with their article: “Accenture (ACN) Announces Acquisition of Certus Solutions” published on April 30, 2018, Businesswire.com published: “Accenture Again Named Technology Advisory House of the Year by Energy Risk Magazine” on May 21, 2018. More interesting news about Accenture plc (NYSE:ACN) were released by: Businesswire.com and their article: “Accenture Provides Video Platform for Turner’s OTT products” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “3 Situations To Buy The Dip” with publication date: May 19, 2018.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.07, from 1 in 2017Q3. It dived, as 46 investors sold ACN shares while 393 reduced holdings. 108 funds opened positions while 300 raised stakes. 456.89 million shares or 1.00% less from 461.53 million shares in 2017Q3 were reported. Klingenstein Fields Company Limited Liability owns 0.02% invested in Accenture plc (NYSE:ACN) for 3,479 shares. The Colorado-based Shine Advisory has invested 0.13% in Accenture plc (NYSE:ACN). Boston Private Wealth Lc accumulated 148,455 shares. Agf Invests invested in 0.24% or 162,108 shares. Karpas Strategies reported 1,350 shares stake. Gemmer Asset Ltd has 0.02% invested in Accenture plc (NYSE:ACN). Mackenzie Fincl reported 743,065 shares. Synovus Fincl accumulated 43,544 shares. M Holding owns 0.35% invested in Accenture plc (NYSE:ACN) for 7,316 shares. Marble Harbor Invest Counsel Limited Liability Company owns 2,106 shares. Cibc Bancorporation Usa stated it has 0.28% of its portfolio in Accenture plc (NYSE:ACN). State Board Of Administration Of Florida Retirement has 0.35% invested in Accenture plc (NYSE:ACN) for 868,384 shares. Capital invested in 0.79% or 4.56M shares. St Germain D J Company Incorporated invested in 0.03% or 1,658 shares. Park Circle holds 200 shares.

Pioneer Trust Bank N A, which manages about $204.04M US Long portfolio, upped its stake in Lowes Cos Inc Com (NYSE:LOW) by 4,830 shares to 32,093 shares, valued at $2.98M in 2017Q4, according to the filing.

More recent MaxLinear, Inc. (NYSE:MXL) news were published by: Seekingalpha.com which released: “MaxLinear’s (MXL) CEO Kishore Seendripu on Q1 2018 Results – Earnings Call Transcript” on May 14, 2018. Also Multichannel.com published the news titled: “MaxLinear and Pixelworks Selected by Nuvyyo for Tablo DUAL LITE OTA DVR” on May 24, 2018. Globenewswire.com‘s news article titled: “MaxLinear, Inc. Announces First Quarter 2018 Financial Results” with publication date: May 08, 2018 was also an interesting one.

Among 11 analysts covering Maxlinear Inc. (NYSE:MXL), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Maxlinear Inc. had 39 analyst reports since September 17, 2015 according to SRatingsIntel. Roth Capital maintained MaxLinear, Inc. (NYSE:MXL) on Wednesday, January 13 with “Buy” rating. Roth Capital maintained MaxLinear, Inc. (NYSE:MXL) on Friday, December 29 with “Buy” rating. The firm has “Buy” rating by TH Capital given on Wednesday, January 13. Needham maintained it with “Buy” rating and $18 target in Wednesday, November 4 report. The firm has “Buy” rating given on Monday, July 17 by Needham. The company was maintained on Wednesday, September 27 by Stifel Nicolaus. On Tuesday, June 6 the stock rating was maintained by Roth Capital with “Buy”. The rating was maintained by Deutsche Bank on Friday, July 21 with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, May 9 report. On Thursday, September 17 the stock rating was upgraded by Needham to “Buy”.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.12, from 1.18 in 2017Q3. It dropped, as 19 investors sold MXL shares while 52 reduced holdings. 20 funds opened positions while 55 raised stakes. 53.87 million shares or 1.33% less from 54.60 million shares in 2017Q3 were reported. Federated Invsts Pa owns 158,020 shares for 0.01% of their portfolio. Texas Permanent School Fund owns 41,188 shares. Nordea Management Ab, Sweden-based fund reported 95,804 shares. Rothschild Asset Mngmt holds 0.02% of its portfolio in MaxLinear, Inc. (NYSE:MXL) for 76,826 shares. Howe And Rusling invested in 0.04% or 7,480 shares. Comerica Fincl Bank owns 63,003 shares for 0.01% of their portfolio. Jefferies Gp Limited Liability Co, a New York-based fund reported 13,411 shares. Assetmark Incorporated has invested 0% in MaxLinear, Inc. (NYSE:MXL). New York-based Paradigm Ny has invested 2.37% in MaxLinear, Inc. (NYSE:MXL). Ngam Limited Partnership accumulated 165,075 shares. Aperio Group Lc owns 0.01% invested in MaxLinear, Inc. (NYSE:MXL) for 42,350 shares. Financial Bank Of Montreal Can owns 1,562 shares. Wellington Grp Incorporated Limited Liability Partnership accumulated 891,128 shares or 0.01% of the stock. Paloma Partners Management Co stated it has 0.02% in MaxLinear, Inc. (NYSE:MXL). Elk Creek Prtnrs Ltd Liability accumulated 2.02M shares.

Avalon Global Asset Management Llc, which manages about $132.23 million and $202.01 million US Long portfolio, decreased its stake in Cavium Inc (NASDAQ:CAVM) by 41,700 shares to 50,000 shares, valued at $4.19 million in 2017Q4, according to the filing. It also reduced its holding in Ulta Beauty Inc (Call) (NASDAQ:ULTA) by 20,000 shares in the quarter, leaving it with 40,000 shares, and cut its stake in Splunk Inc (NASDAQ:SPLK).

MaxLinear, Inc. (NYSE:MXL) Institutional Positions Chart

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