Axa Increases Stake in Infosys LTD (INFY); Matrix Capital Management Company LP Increases Stake in Cyberark Software LTD (CYBR)

February 22, 2018 - By Hazel Jackson

Axa increased its stake in Infosys Ltd (INFY) by 179.82% based on its latest 2017Q3 regulatory filing with the SEC. Axa bought 63,886 shares as the company’s stock rose 1.88% with the market. The institutional investor held 99,413 shares of the edp services company at the end of 2017Q3, valued at $1.45M, up from 35,527 at the end of the previous reported quarter. Axa who had been investing in Infosys Ltd for a number of months, seems to be bullish on the $38.67B market cap company. The stock increased 0.17% or $0.03 during the last trading session, reaching $17.67. About 4.07 million shares traded. Infosys Limited (NYSE:INFY) has declined 17.92% since February 22, 2017 and is downtrending. It has underperformed by 34.62% the S&P500.

David Goel increased its stake in Cyberark Software Ltd (CYBR) by 25.83% based on its latest 2017Q3 regulatory filing with the SEC. Matrix Capital Management Company Lp bought 386,000 shares as the company’s stock declined 11.21% while stock markets rallied. The hedge fund run by David Goel held 1.88 million shares of the prepackaged software company at the end of 2017Q3, valued at $77.10M, up from 1.49 million at the end of the previous reported quarter. Matrix Capital Management Company Lp who had been investing in Cyberark Software Ltd for a number of months, seems to be bullish on the $1.71B market cap company. The stock decreased 0.28% or $0.14 during the last trading session, reaching $49.16. About 509,557 shares traded. CyberArk Software Ltd. (NASDAQ:CYBR) has risen 9.69% since February 22, 2017 and is uptrending. It has underperformed by 7.01% the S&P500.




Among 21 analysts covering Infosys (NYSE:INFY), 5 have Buy rating, 2 Sell and 14 Hold. Therefore 24% are positive. Infosys had 39 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by CLSA on Friday, January 6 to “Underperform”. On Friday, July 14 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Hold” rating by HSBC given on Tuesday, August 9. Robert W. Baird maintained Infosys Limited (NYSE:INFY) rating on Thursday, January 4. Robert W. Baird has “Hold” rating and $17.0 target. The stock has “Hold” rating by Cantor Fitzgerald on Friday, August 25. The stock of Infosys Limited (NYSE:INFY) has “Neutral” rating given on Tuesday, September 1 by Susquehanna. As per Wednesday, October 11, the company rating was maintained by Jefferies. The company was maintained on Friday, July 14 by BMO Capital Markets. The stock has “Hold” rating by Robert W. Baird on Tuesday, October 3. The stock of Infosys Limited (NYSE:INFY) earned “Buy” rating by Deutsche Bank on Tuesday, August 29.

Axa, which manages about $23.21 billion US Long portfolio, decreased its stake in Advanced Energy Inds (NASDAQ:AEIS) by 39,800 shares to 5,400 shares, valued at $436,000 in 2017Q3, according to the filing. It also reduced its holding in International Business Machs (NYSE:IBM) by 56,441 shares in the quarter, leaving it with 860,110 shares, and cut its stake in Express Scripts Hldg Co (NASDAQ:ESRX).

Among 26 analysts covering Cyber-Ark Software (NASDAQ:CYBR), 16 have Buy rating, 0 Sell and 10 Hold. Therefore 62% are positive. Cyber-Ark Software had 71 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) earned “Outperform” rating by Wells Fargo on Friday, August 14. Deutsche Bank maintained CyberArk Software Ltd. (NASDAQ:CYBR) on Friday, February 12 with “Buy” rating. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) has “Buy” rating given on Monday, August 24 by Vetr. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) has “Overweight” rating given on Thursday, December 10 by JP Morgan. The firm has “Buy” rating given on Friday, September 25 by Nomura. On Thursday, September 15 the stock rating was initiated by Pacific Crest with “Sector Weight”. Piper Jaffray maintained CyberArk Software Ltd. (NASDAQ:CYBR) on Tuesday, August 8 with “Buy” rating. The rating was downgraded by Bank of America on Tuesday, November 10 to “Neutral”. The company was upgraded on Monday, March 14 by Summit Research. The company was maintained on Thursday, September 7 by KeyBanc Capital Markets.

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