Microsoft (MSFT) Share Value Rose While Capital International LTD Decreased Its Holding by $71.30 Million; Avid Technology (AVID) Shareholder Cove Street Capital Lowered Stake

May 27, 2018 - By Nellie Frank

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Capital International Ltd decreased its stake in Microsoft Corp (MSFT) by 81.34% based on its latest 2017Q4 regulatory filing with the SEC. Capital International Ltd sold 838,819 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 192,381 shares of the prepackaged software company at the end of 2017Q4, valued at $16.46M, down from 1.03M at the end of the previous reported quarter. Capital International Ltd who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $755.72 billion market cap company. The stock increased 0.05% or $0.05 during the last trading session, reaching $98.36. About 15.73M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since May 27, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Jeffrey Bronchick decreased its stake in Avid Technology Inc (AVID) by 9.52% based on its latest 2017Q4 regulatory filing with the SEC. Cove Street Capital Llc sold 646,369 shares as the company’s stock declined 24.79% with the market. The hedge fund run by Jeffrey Bronchick held 6.15M shares of the miscellaneous company at the end of 2017Q4, valued at $33.12M, down from 6.79 million at the end of the previous reported quarter. Cove Street Capital Llc who had been investing in Avid Technology Inc for a number of months, seems to be less bullish one the $216.64 million market cap company. The stock increased 0.58% or $0.03 during the last trading session, reaching $5.22. About 125,278 shares traded. Avid Technology, Inc. (NASDAQ:AVID) has declined 3.49% since May 27, 2017 and is downtrending. It has underperformed by 15.04% the S&P500.

Cove Street Capital Llc, which manages about $763.78M and $926.82 million US Long portfolio, upped its stake in Mam Software Group Inc (NASDAQ:MAMS) by 107,586 shares to 626,786 shares, valued at $4.71M in 2017Q4, according to the filing. It also increased its holding in Tegna Inc by 231,845 shares in the quarter, for a total of 3.60M shares, and has risen its stake in Gtt Communications Inc (NYSE:GTT).

More notable recent Avid Technology, Inc. (NASDAQ:AVID) news were published by: Nasdaq.com which released: “Avid Technology Announces Conference Call to Discuss First Quarter 2018 Financial Results” on May 02, 2018, also Investingnews.com with their article: “Avid Enters Multiyear Agreement with Seneca College” published on May 23, 2018, Seekingalpha.com published: “Avid’s (AVID) CEO Jeff Rosica on Q1 2018 Results – Earnings Call Transcript” on May 11, 2018. More interesting news about Avid Technology, Inc. (NASDAQ:AVID) were released by: Globenewswire.com and their article: “New Research Coverage Highlights ICF International, Strayer Education, Avid Technology, Fox Factory Holding …” published on May 01, 2018 as well as Nasdaq.com‘s news article titled: “Avid Technology Announces Q1 2018 Results and Issues Q2 2018 Guidance” with publication date: May 10, 2018.

Among 4 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Avid Technology had 6 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Hold” rating by BWS Financial given on Thursday, November 10. Singular Research initiated Avid Technology, Inc. (NASDAQ:AVID) rating on Wednesday, December 9. Singular Research has “Buy” rating and $8.50 target. Dougherty downgraded Avid Technology, Inc. (NASDAQ:AVID) rating on Thursday, December 7. Dougherty has “Sell” rating and $4.5 target. BWS Financial maintained it with “Buy” rating and $11 target in Wednesday, November 11 report. On Tuesday, August 11 the stock rating was downgraded by Dougherty & Company to “Buy”.

Investors sentiment increased to 1.41 in Q4 2017. Its up 0.41, from 1 in 2017Q3. It increased, as 15 investors sold AVID shares while 22 reduced holdings. 24 funds opened positions while 28 raised stakes. 29.89 million shares or 5.81% more from 28.25 million shares in 2017Q3 were reported. Intl Gp stated it has 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). D E Shaw & Comm Incorporated has 0% invested in Avid Technology, Inc. (NASDAQ:AVID) for 68,794 shares. 7,000 are owned by Stevens First Principles Invest Advisors. Renaissance Technologies Ltd Liability Company has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Jefferies Group Ltd Liability Company stated it has 0% in Avid Technology, Inc. (NASDAQ:AVID). Dimensional Fund Advsr Lp stated it has 1.84 million shares. Schwab Charles Inv has 122,026 shares for 0% of their portfolio. First Quadrant Limited Partnership Ca reported 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Sei Invests Company stated it has 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Cubist Systematic Strategies Ltd Liability reported 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Cornerstone Mngmt Hldgs Limited Co, New York-based fund reported 65,600 shares. Bridgeway Capital Mgmt Inc holds 154,800 shares. Tiaa Cref Invest Ltd Liability accumulated 84,805 shares or 0% of the stock. Tower Rech Cap Lc (Trc) holds 26,027 shares or 0.02% of its portfolio. Morgan Stanley invested in 0% or 471,044 shares.

Capital International Ltd, which manages about $527.37M US Long portfolio, upped its stake in Godaddy Inc Cl A by 60,500 shares to 87,300 shares, valued at $4.39M in 2017Q4, according to the filing. It also increased its holding in Canadian Natural Resources Ltd (NYSE:CNQ) by 38,897 shares in the quarter, for a total of 92,397 shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 186 analyst reports since July 22, 2015 according to SRatingsIntel. On Monday, September 25 the stock rating was maintained by Jefferies with “Sell”. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by BMO Capital Markets on Thursday, July 13. Pacific Crest maintained the shares of MSFT in report on Tuesday, September 22 with “Overweight” rating. The firm earned “Outperform” rating on Friday, January 27 by BMO Capital Markets. Barclays Capital maintained Microsoft Corporation (NASDAQ:MSFT) rating on Thursday, January 25. Barclays Capital has “Overweight” rating and $100 target. Jefferies maintained it with “Sell” rating and $49.0 target in Thursday, October 26 report. Nomura maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, October 21 with “Buy” rating. The company was reinitiated on Thursday, March 17 by Oppenheimer. The rating was maintained by Cowen & Co with “Buy” on Tuesday, October 31. RBC Capital Markets maintained it with “Buy” rating and $105.0 target in Thursday, February 1 report.

Since February 16, 2018, it had 0 insider buys, and 3 sales for $930,912 activity.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 EPS, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30 billion for 22.77 P/E if the $1.08 EPS becomes a reality. After $0.95 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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