Dorsal Capital Management Decreased Zendesk (ZEN) Position by $2.48 Million; Share Price Rose; Autus Asset Management Has Cut Stake in Stericycle (SRCL) by $2.12 Million

May 26, 2018 - By Ash

Stericycle, Inc. (NASDAQ:SRCL) Logo

Autus Asset Management Llc decreased its stake in Stericycle Inc (SRCL) by 41.86% based on its latest 2017Q4 regulatory filing with the SEC. Autus Asset Management Llc sold 31,683 shares as the company’s stock declined 13.72% with the market. The institutional investor held 44,013 shares of the basic industries company at the end of 2017Q4, valued at $2.99 million, down from 75,696 at the end of the previous reported quarter. Autus Asset Management Llc who had been investing in Stericycle Inc for a number of months, seems to be less bullish one the $5.42B market cap company. The stock increased 0.08% or $0.05 during the last trading session, reaching $63.3. About 290,493 shares traded. Stericycle, Inc. (NASDAQ:SRCL) has declined 27.78% since May 26, 2017 and is downtrending. It has underperformed by 39.33% the S&P500.

Ryan Frick decreased its stake in Zendesk Inc (ZEN) by 3.19% based on its latest 2017Q4 regulatory filing with the SEC. Dorsal Capital Management Llc sold 75,000 shares as the company’s stock rose 41.13% while stock markets declined. The hedge fund run by Ryan Frick held 2.28 million shares of the technology company at the end of 2017Q4, valued at $76.99 million, down from 2.35 million at the end of the previous reported quarter. Dorsal Capital Management Llc who had been investing in Zendesk Inc for a number of months, seems to be less bullish one the $5.89B market cap company. The stock decreased 0.11% or $0.06 during the last trading session, reaching $56.33. About 311,260 shares traded. Zendesk, Inc. (NYSE:ZEN) has risen 74.58% since May 26, 2017 and is uptrending. It has outperformed by 63.03% the S&P500.

Dorsal Capital Management Llc, which manages about $1.15B and $2.03B US Long portfolio, upped its stake in Palo Alto Networks Inc (NYSE:PANW) by 325,000 shares to 900,000 shares, valued at $130.45 million in 2017Q4, according to the filing. It also increased its holding in Liberty Broadband Corp by 100,000 shares in the quarter, for a total of 900,000 shares, and has risen its stake in Amazon Com Inc (NASDAQ:AMZN).

Among 21 analysts covering Zendesk (NYSE:ZEN), 18 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Zendesk had 66 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was initiated by Piper Jaffray on Wednesday, June 1 with “Overweight”. The firm has “Buy” rating by Rosenblatt given on Thursday, August 27. The stock of Zendesk, Inc. (NYSE:ZEN) has “Buy” rating given on Wednesday, November 4 by Rosenblatt. The stock has “Outperform” rating by Wells Fargo on Wednesday, January 11. The stock of Zendesk, Inc. (NYSE:ZEN) earned “Buy” rating by RBC Capital Markets on Monday, April 23. The stock of Zendesk, Inc. (NYSE:ZEN) earned “Overweight” rating by Morgan Stanley on Thursday, November 2. Stephens upgraded the shares of ZEN in report on Wednesday, February 7 to “Equal-Weight” rating. The firm earned “Buy” rating on Sunday, July 30 by RBC Capital Markets. Wells Fargo maintained Zendesk, Inc. (NYSE:ZEN) rating on Thursday, November 2. Wells Fargo has “Buy” rating and $40.0 target. The firm has “Buy” rating by Canaccord Genuity given on Thursday, August 6.

More recent Zendesk, Inc. (NYSE:ZEN) news were published by: Streetinsider.com which released: “Zendesk (ZEN) PT Raised to $64 at BofA/Merrill Lynch Following Analyst Day” on May 18, 2018. Also Seekingalpha.com published the news titled: “Zendesk’s (ZEN) CEO Mikkel Svane on Q1 2018 Results – Earnings Call Transcript” on May 02, 2018. Seekingalpha.com‘s news article titled: “Zendesk: Good Quarter Doesn’t Justify High Valuation” with publication date: May 02, 2018 was also an interesting one.

Analysts await Zendesk, Inc. (NYSE:ZEN) to report earnings on August, 2. They expect $-0.26 EPS, 0.00% or $0.00 from last year’s $-0.26 per share. After $-0.24 actual EPS reported by Zendesk, Inc. for the previous quarter, Wall Street now forecasts 8.33% negative EPS growth.

More notable recent Stericycle, Inc. (NASDAQ:SRCL) news were published by: Streetinsider.com which released: “Stericycle (SRCL) PT Raised to $75 at Barrington Research, Says 2018 Outlook is Intact and Business Tranformation …” on May 14, 2018, also Seekingalpha.com with their article: “Stericycle, Inc. 2018 Q1 – Results – Earnings Call Slides” published on May 03, 2018, Seekingalpha.com published: “Stericycle: Looks To Have Turned The Corner” on May 15, 2018. More interesting news about Stericycle, Inc. (NASDAQ:SRCL) were released by: Globenewswire.com and their article: “Stericycle Declares Dividend On Mandatory Convertible Preferred Stock” published on May 05, 2018 as well as Prnewswire.com‘s news article titled: “Losing Patience: Stericycle Shareholders Join Teamsters To Oust Long-Time Director” with publication date: May 24, 2018.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.19, from 0.89 in 2017Q3. It worsened, as 75 investors sold SRCL shares while 177 reduced holdings. 50 funds opened positions while 126 raised stakes. 76.99 million shares or 1.32% less from 78.02 million shares in 2017Q3 were reported. Macquarie Grp invested in 2,200 shares. Cibc Ww, a New York-based fund reported 17,277 shares. Citadel Advsrs reported 477,641 shares. Hanson Doremus Inv Mngmt holds 0.62% or 27,175 shares. Pennsylvania-based Commonwealth Of Pennsylvania Public School Empls Retrmt has invested 0.01% in Stericycle, Inc. (NASDAQ:SRCL). Louisiana State Employees Retirement System has invested 0.02% in Stericycle, Inc. (NASDAQ:SRCL). Legal General Gp Public Lc holds 0.02% of its portfolio in Stericycle, Inc. (NASDAQ:SRCL) for 397,876 shares. State Of New Jersey Common Pension Fund D holds 0.04% or 140,000 shares in its portfolio. 164,094 are owned by Tiverton Asset Mngmt Limited Com. Panagora Asset owns 14,744 shares or 0% of their US portfolio. Federated Investors Pa reported 0% in Stericycle, Inc. (NASDAQ:SRCL). Engines Ltd Liability Company has invested 0% of its portfolio in Stericycle, Inc. (NASDAQ:SRCL). Hikari Power holds 42,500 shares or 0.34% of its portfolio. Osborne Prns Mgmt Ltd Liability Corp holds 51,619 shares. Invesco Ltd holds 0.05% in Stericycle, Inc. (NASDAQ:SRCL) or 1.96M shares.

Since March 1, 2018, it had 1 insider purchase, and 1 sale for $211,208 activity. Brown Thomas D sold 13,210 shares worth $837,118.

Among 16 analysts covering Stericycle (NASDAQ:SRCL), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Stericycle had 58 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Underperform” rating by RBC Capital Markets on Friday, April 29. Macquarie Research initiated it with “Neutral” rating and $96 target in Friday, August 26 report. The rating was downgraded by Zacks to “Buy” on Friday, August 14. As per Friday, October 23, the company rating was maintained by Macquarie Research. BMO Capital Markets maintained the shares of SRCL in report on Friday, May 4 with “Market Perform” rating. The rating was upgraded by Goldman Sachs on Tuesday, March 7 to “Neutral”. The rating was maintained by Barrington Research on Wednesday, October 5 with “Outperform”. The rating was upgraded by Stifel Nicolaus on Friday, October 28 to “Buy”. Imperial Capital maintained the shares of SRCL in report on Monday, February 8 with “In-Line” rating. As per Tuesday, February 13, the company rating was upgraded by Robert W. Baird.

Autus Asset Management Llc, which manages about $447.84 million and $548.20M US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VWO) by 7,890 shares to 290,249 shares, valued at $13.33M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (EMB) by 5,944 shares in the quarter, for a total of 56,568 shares, and has risen its stake in Ishares Tr (PFF).

Analysts await Stericycle, Inc. (NASDAQ:SRCL) to report earnings on August, 2. They expect $1.13 EPS, down 1.74% or $0.02 from last year’s $1.15 per share. SRCL’s profit will be $96.70 million for 14.00 P/E if the $1.13 EPS becomes a reality. After $1.21 actual EPS reported by Stericycle, Inc. for the previous quarter, Wall Street now forecasts -6.61% negative EPS growth.

Stericycle, Inc. (NASDAQ:SRCL) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>