As Netapp (NTAP) Valuation Rose, American Beacon Advisors Decreased Position; As Genuine Parts Co (GPC) Valuation Declined, Westwood Holdings Group Has Decreased Position

May 21, 2018 - By Hazel Jackson

NetApp, Inc. (NASDAQ:NTAP) Logo

American Beacon Advisors Inc decreased its stake in Netapp Inc (NTAP) by 5.68% based on its latest 2017Q4 regulatory filing with the SEC. American Beacon Advisors Inc sold 149 shares as the company’s stock rose 8.69% while stock markets declined. The institutional investor held 2,476 shares of the technology company at the end of 2017Q4, valued at $136.97M, down from 2,625 at the end of the previous reported quarter. American Beacon Advisors Inc who had been investing in Netapp Inc for a number of months, seems to be less bullish one the $18.38 billion market cap company. The stock decreased 0.74% or $0.51 during the last trading session, reaching $68.59. About 3.16 million shares traded or 15.56% up from the average. NetApp, Inc. (NASDAQ:NTAP) has risen 49.61% since May 21, 2017 and is uptrending. It has outperformed by 38.06% the S&P500.




Westwood Holdings Group Inc decreased its stake in Genuine Parts Co (GPC) by 8.48% based on its latest 2017Q4 regulatory filing with the SEC. Westwood Holdings Group Inc sold 5,775 shares as the company’s stock declined 6.84% with the market. The institutional investor held 62,330 shares of the automotive aftermarket company at the end of 2017Q4, valued at $5.92 million, down from 68,105 at the end of the previous reported quarter. Westwood Holdings Group Inc who had been investing in Genuine Parts Co for a number of months, seems to be less bullish one the $13.71 billion market cap company. The stock increased 1.15% or $1.06 during the last trading session, reaching $93.43. About 352,568 shares traded. Genuine Parts Company (NYSE:GPC) has declined 4.48% since May 21, 2017 and is downtrending. It has underperformed by 16.03% the S&P500.

Analysts await NetApp, Inc. (NASDAQ:NTAP) to report earnings on May, 23 after the close. They expect $0.87 EPS, up 20.83% or $0.15 from last year’s $0.72 per share. NTAP’s profit will be $233.10 million for 19.71 P/E if the $0.87 EPS becomes a reality. After $0.85 actual EPS reported by NetApp, Inc. for the previous quarter, Wall Street now forecasts 2.35% EPS growth.

Another recent and important NetApp, Inc. (NASDAQ:NTAP) news was published by Benzinga.com which published an article titled: “The Week Ahead: Target, Best Buy Help Close Out Earnings Season” on May 21, 2018.

Among 47 analysts covering Netapp Inc. (NASDAQ:NTAP), 19 have Buy rating, 7 Sell and 21 Hold. Therefore 40% are positive. Netapp Inc. had 163 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was downgraded by Macquarie Research on Monday, March 21 to “Underperform”. The firm has “Underweight” rating given on Thursday, May 26 by Barclays Capital. The firm has “Underweight” rating given on Thursday, August 17 by Morgan Stanley. The firm has “Underperform” rating given on Monday, April 18 by Sterne Agee CRT. The firm earned “Buy” rating on Tuesday, October 3 by Piper Jaffray. Citigroup maintained NetApp, Inc. (NASDAQ:NTAP) on Thursday, August 17 with “Neutral” rating. Susquehanna initiated NetApp, Inc. (NASDAQ:NTAP) rating on Tuesday, September 8. Susquehanna has “Neutral” rating and $32 target. The stock has “Buy” rating by Lake Street on Thursday, February 15. DA Davidson upgraded the stock to “Buy” rating in Friday, February 16 report. The stock has “Hold” rating by Lake Street on Monday, December 28.

Since January 2, 2018, it had 0 insider buys, and 11 sales for $5.05 million activity. On Monday, March 5 Kurian George sold $428,056 worth of NetApp, Inc. (NASDAQ:NTAP) or 7,020 shares. NEVENS THOMAS MICHAEL sold $1.11M worth of stock. 2,450 NetApp, Inc. (NASDAQ:NTAP) shares with value of $167,069 were sold by RICHARD HENRI P.

American Beacon Advisors Inc, which manages about $52.95B and $9.35 billion US Long portfolio, upped its stake in Target Corp (NYSE:TGT) by 180 shares to 1,176 shares, valued at $76.73 million in 2017Q4, according to the filing. It also increased its holding in Southern Co/The (NYSE:SO) by 292 shares in the quarter, for a total of 1,544 shares, and has risen its stake in Kimco Realty Corp (NYSE:KIM).

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.04, from 1.18 in 2017Q3. It dropped, as 25 investors sold NTAP shares while 162 reduced holdings. 93 funds opened positions while 120 raised stakes. 243.70 million shares or 0.52% less from 244.98 million shares in 2017Q3 were reported. Invesco Limited holds 3.83 million shares. Sandler Cap Mngmt reported 1.58% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Amica Mutual Ins Communications has 11,981 shares for 0.07% of their portfolio. Pillar Pacific Capital Mngmt Ltd Liability Co reported 4,709 shares. 1,933 were accumulated by Meeder Asset Management. Marco Limited Liability Corporation reported 15,900 shares. North Star Mngmt Corp holds 0% or 100 shares. Lombard Odier Asset Management (Switzerland) Sa accumulated 58,633 shares. Lyons Wealth Mgmt Ltd Liability accumulated 49,245 shares or 4.45% of the stock. Fjarde Ap accumulated 80,638 shares or 0.07% of the stock. Jensen Invest Inc reported 11,700 shares. Brown Advisory Ltd Liability Co holds 7,407 shares or 0.08% of its portfolio. Employees Retirement System Of Texas stated it has 0.04% in NetApp, Inc. (NASDAQ:NTAP). Glenmede Com Na owns 1.77 million shares. Fdx Advsrs holds 17,334 shares.

Westwood Holdings Group Inc, which manages about $13.29B US Long portfolio, upped its stake in Nomad Foods Ltd by 1.52M shares to 2.19M shares, valued at $37.00 million in 2017Q4, according to the filing. It also increased its holding in Becton Dickinson & Co (NYSE:BDX) by 7,609 shares in the quarter, for a total of 1.03 million shares, and has risen its stake in Ross Stores Inc (NASDAQ:ROST).

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.02, from 0.96 in 2017Q3. It is negative, as 39 investors sold GPC shares while 202 reduced holdings. 56 funds opened positions while 171 raised stakes. 106.29 million shares or 1.72% less from 108.15 million shares in 2017Q3 were reported. Delta Asset Mngmt Llc Tn holds 0.01% in Genuine Parts Company (NYSE:GPC) or 400 shares. Willis Inv Counsel invested in 1.57% or 235,000 shares. Whittier Trust Of Nevada Inc reported 11,405 shares or 0.09% of all its holdings. 684,774 were reported by Deutsche Fincl Bank Ag. Glenmede Company Na stated it has 0.05% in Genuine Parts Company (NYSE:GPC). Davenport And Co Ltd holds 0.01% in Genuine Parts Company (NYSE:GPC) or 7,366 shares. Ibm Retirement Fund accumulated 2,232 shares or 0.04% of the stock. British Columbia Inv Corporation has invested 0.04% in Genuine Parts Company (NYSE:GPC). Dnb Asset Mngmt As holds 0.02% in Genuine Parts Company (NYSE:GPC) or 16,220 shares. Trust Of Vermont invested in 0.06% or 7,136 shares. Pictet Asset Mgmt Limited holds 166,376 shares or 0.04% of its portfolio. Cornerstone Advsrs reported 138 shares. Peapack Gladstone Financial invested in 38,392 shares. Highlander Cap Mngmt Ltd Com stated it has 300 shares. Oppenheimer Asset Inc invested in 0.18% or 69,777 shares.

Analysts await Genuine Parts Company (NYSE:GPC) to report earnings on July, 19. They expect $1.56 EPS, up 20.93% or $0.27 from last year’s $1.29 per share. GPC’s profit will be $228.92 million for 14.97 P/E if the $1.56 EPS becomes a reality. After $1.27 actual EPS reported by Genuine Parts Company for the previous quarter, Wall Street now forecasts 22.83% EPS growth.

Among 13 analysts covering Genuine Parts Company (NYSE:GPC), 1 have Buy rating, 2 Sell and 10 Hold. Therefore 8% are positive. Genuine Parts Company had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, April 17 by Guggenheim. The rating was maintained by Jefferies on Monday, June 26 with “Hold”. The stock has “Buy” rating by Gabelli on Friday, July 21. The stock of Genuine Parts Company (NYSE:GPC) earned “Neutral” rating by Atlantic Securities on Wednesday, December 14. The company was maintained on Friday, October 20 by RBC Capital Markets. On Thursday, July 6 the stock rating was downgraded by Goldman Sachs to “Sell”. Goldman Sachs downgraded Genuine Parts Company (NYSE:GPC) on Wednesday, September 30 to “Sell” rating. The rating was maintained by Bank of America on Wednesday, February 21 with “Underperform”. The stock of Genuine Parts Company (NYSE:GPC) has “Sector Perform” rating given on Thursday, April 20 by RBC Capital Markets. The stock of Genuine Parts Company (NYSE:GPC) earned “Hold” rating by Jefferies on Wednesday, October 11.

More news for Genuine Parts Company (NYSE:GPC) were recently published by: Nasdaq.com, which released: “Beat The Economy With These 3 Earnings Growers” on May 07, 2018. Seekingalpha.com‘s article titled: “Genuine Parts comments on Staples-Essendant deal” and published on May 17, 2018 is yet another important article.

NetApp, Inc. (NASDAQ:NTAP) 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.





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: