Disciplined Growth Investors Has Decreased Its Position in Dolby Laboratories Com (DLB) by $1.01 Million; Campbell Newman Asset Management Has Lowered Its Holding in International Business Machine (IBM) by $8.01 Million

June 19, 2018 - By Adrian Erickson

Dolby Laboratories, Inc. (NYSE:DLB) Logo

Disciplined Growth Investors Inc decreased its stake in Dolby Laboratories Inc Com (DLB) by 2.17% based on its latest 2018Q1 regulatory filing with the SEC. Disciplined Growth Investors Inc sold 16,023 shares as the company’s stock declined 5.87% with the market. The institutional investor held 721,599 shares of the multi-sector company at the end of 2018Q1, valued at $45.87 million, down from 737,622 at the end of the previous reported quarter. Disciplined Growth Investors Inc who had been investing in Dolby Laboratories Inc Com for a number of months, seems to be less bullish one the $6.76 billion market cap company. The stock decreased 0.94% or $0.615 during the last trading session, reaching $64.945. About 217,401 shares traded. Dolby Laboratories, Inc. (NYSE:DLB) has risen 21.95% since June 19, 2017 and is uptrending. It has outperformed by 9.38% the S&P500. Some Historical DLB News: 27/03/2018 – Dolby Atmos lmmersive Sound Brought to Huawei Mobile Devices; 24/04/2018 – DOLBY LABS 2Q ADJ EPS 78C, EST. 78C; 24/04/2018 – Dolby Laboratories Sees 3Q Adj EPS 78c-Adj EPS 84c; 03/04/2018 – Innovative Sonic Joins Via Licensing’s LTE Patent Pool; 24/04/2018 – DOLBY LABORATORIES INC DLB.N SEES FY 2018 REVENUE $1.165 BLN TO $1.185 BLN; 24/05/2018 – Dolby Laboratories Hosts LUNAFEST San Francisco with Breast Cancer Prevention Partners; 26/03/2018 – Dolby Labs Closes Above 50-Day Moving Average: Technicals; 24/04/2018 – Dolby Laboratories 2Q Net $70.6M; 24/04/2018 – DOLBY LABS SEES 3Q ADJ EPS 78C TO 84C, EST. $1; 14/05/2018 – Dolby Labs Presenting at JPMorgan Conference Tomorrow




Campbell Newman Asset Management Inc decreased its stake in International Business Machine (IBM) by 78.08% based on its latest 2018Q1 regulatory filing with the SEC. Campbell Newman Asset Management Inc sold 52,338 shares as the company’s stock declined 9.42% with the market. The institutional investor held 14,691 shares of the computer manufacturing company at the end of 2018Q1, valued at $2.25 million, down from 67,029 at the end of the previous reported quarter. Campbell Newman Asset Management Inc who had been investing in International Business Machine for a number of months, seems to be less bullish one the $131.63 billion market cap company. The stock decreased 0.75% or $1.0896 during the last trading session, reaching $143.3904. About 1.67M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since June 19, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 12/04/2018 – GAO: Bid Protest – IBM Corporation B-415798: Mar 27, 2018; 17/04/2018 – IBM – “THIS QUARTER, IBM Z REVENUE GREW 54% YEAR-TO-YEAR, A MORE THAN 100% GROWTH IN SHIPPED MIPS, AND MARGINS EXPANDED” – CONF CALL; 22/05/2018 – Quad Nova’s CEO Says Workarounds on the IBM i (AS/400) May Compromise Enterprise Value; 17/04/2018 – IBM 1Q Gross Margin 43.2%; 15/05/2018 – BERKSHIRE HATHAWAY 13-F FILING WITH U.S. SEC SHOWS IT HAS DISSOLVED ITS SHARE STAKE IN IBM CORP IBM.N; 20/04/2018 – SC Magazine: IBM Security launches open-source AI; 22/03/2018 – Cutting ‘old heads’ at IBM; 24/05/2018 – IBM: Credit Mutuel to Deploy Watson Across All Business Lines; 19/03/2018 – IBM’s 5 Tech Predictions for the Next 5 Years (Video); 04/04/2018 – IBM Joins the Sovrin Foundation as a Founding Steward

Since January 31, 2018, it had 1 buy, and 2 selling transactions for $2.69 million activity. Shares for $2.01 million were sold by Clementi Erich on Friday, February 23. 5,000 shares were sold by Gherson Diane J, worth $780,000 on Monday, February 26.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Prnewswire.com which released: “IBM Acquires Oniqua, Strengthens Leading IoT Capabilities to Help Businesses Proactively Maintain Vital Assets” on June 15, 2018, also Seekingalpha.com with their article: “Whatever IBM Is Going To Do, It Must Do It Faster” published on June 15, 2018, Seekingalpha.com published: “IBM: A Long Work-In-Progress” on June 14, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM: Unimpressive And Overpriced” published on June 05, 2018 as well as Fool.com‘s news article titled: “3 Dividend Stocks That Pay You More Than IBM Does” with publication date: June 07, 2018.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on July, 17. They expect $3.03 EPS, up 2.02% or $0.06 from last year’s $2.97 per share. IBM’s profit will be $2.78B for 11.83 P/E if the $3.03 EPS becomes a reality. After $2.45 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 23.67% EPS growth.

Campbell Newman Asset Management Inc, which manages about $443.30 million and $602.23M US Long portfolio, upped its stake in Becton Dickinson & Co. (NYSE:BDX) by 2,008 shares to 77,675 shares, valued at $16.83 million in 2018Q1, according to the filing. It also increased its holding in Accenture Plc (NYSE:ACN) by 2,434 shares in the quarter, for a total of 79,766 shares, and has risen its stake in Blackrock Inc. (NYSE:BLK).

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 129 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, July 19 by Deutsche Bank. The firm earned “Hold” rating on Thursday, August 3 by Wedbush. As per Tuesday, July 11, the company rating was maintained by RBC Capital Markets. The company was maintained on Tuesday, October 18 by Barclays Capital. Bernstein maintained the shares of IBM in report on Tuesday, July 19 with “Market Perform” rating. The firm earned “Underperform” rating on Tuesday, July 19 by Credit Suisse. The firm earned “Sell” rating on Wednesday, July 12 by Jefferies. As per Tuesday, October 20, the company rating was maintained by RBC Capital Markets. The firm has “Sell” rating given on Friday, January 19 by Berenberg. The rating was maintained by Morgan Stanley on Wednesday, July 19 with “Buy”.

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.08, from 1.03 in 2017Q4. It increased, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Main Street Research Limited Co holds 0.04% or 1,714 shares. Two Sigma Secs Ltd Limited Liability Company accumulated 69,066 shares or 0.06% of the stock. Moon Cap Lc invested 0% in International Business Machines Corporation (NYSE:IBM). Tortoise Invest Mngmt Lc, New York-based fund reported 4,336 shares. Horan Advsr Limited Com invested in 0.12% or 1,227 shares. Advisors Cap Mgmt Lc holds 1.8% or 154,894 shares. Private Capital holds 0.1% in International Business Machines Corporation (NYSE:IBM) or 2,050 shares. Hightower Limited Liability holds 375,008 shares. Weik Management accumulated 3,995 shares or 0.3% of the stock. Arrow Corp reported 0.54% in International Business Machines Corporation (NYSE:IBM). Vanguard Gp accumulated 0.44% or 65.34 million shares. Letko Brosseau & Assoc has invested 1.35% in International Business Machines Corporation (NYSE:IBM). Whitnell And Co stated it has 0.61% of its portfolio in International Business Machines Corporation (NYSE:IBM). Willingdon Wealth Management reported 20,490 shares. Segall Bryant & Hamill Ltd Liability Company invested in 0.14% or 40,183 shares.

Analysts await Dolby Laboratories, Inc. (NYSE:DLB) to report earnings on July, 24. They expect $0.70 earnings per share, down 6.67% or $0.05 from last year’s $0.75 per share. DLB’s profit will be $72.88 million for 23.19 P/E if the $0.70 EPS becomes a reality. After $0.67 actual earnings per share reported by Dolby Laboratories, Inc. for the previous quarter, Wall Street now forecasts 4.48% EPS growth.

More important recent Dolby Laboratories, Inc. (NYSE:DLB) news were published by: Globenewswire.com which released: “Detailed Research: Economic Perspectives on Brandywine Realty Trust, Dolby Laboratories, International Speedway …” on May 23, 2018, also Nasdaq.com published article titled: “Dolby Laboratories President and CEO Kevin Yeaman to Present at the 38th Annual William Blair Growth Stock …”, Globenewswire.com published: “Dolby Cinema at AMC Opens Its 100th Location” on May 24, 2018. More interesting news about Dolby Laboratories, Inc. (NYSE:DLB) was released by: Globenewswire.com and their article: “Dolby Announces European Cinema Market Expansion at CineEurope 2018” with publication date: June 13, 2018.

Disciplined Growth Investors Inc, which manages about $4.06B and $5.09B US Long portfolio, upped its stake in Power Integrations Inc Com (NASDAQ:POWI) by 169,178 shares to 1.39M shares, valued at $94.78 million in 2018Q1, according to the filing.

Since January 12, 2018, it had 0 insider buys, and 34 insider sales for $133.28 million activity. GOTCHER PETER C also sold $325,049 worth of Dolby Laboratories, Inc. (NYSE:DLB) on Tuesday, February 6. $2.86 million worth of Dolby Laboratories, Inc. (NYSE:DLB) was sold by JASPER N WILLIAM JR on Monday, January 29. TEVANIAN AVADIS sold $162,344 worth of stock or 2,617 shares. Another trade for 100,000 shares valued at $6.08 million was sold by Dolby Dagmar. On Friday, February 9 the insider YEAMAN KEVIN J sold $4.09 million. $650,000 worth of stock was sold by SHERMAN MARK ANDREW on Friday, January 12.

Investors sentiment increased to 1.47 in Q1 2018. Its up 0.11, from 1.36 in 2017Q4. It improved, as 20 investors sold DLB shares while 69 reduced holdings. 36 funds opened positions while 95 raised stakes. 55.05 million shares or 3.58% more from 53.15 million shares in 2017Q4 were reported. Guggenheim Limited Liability Corp reported 27,733 shares or 0% of all its holdings. Invesco stated it has 0% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB). Millennium Management Limited Liability Corp has invested 0.01% in Dolby Laboratories, Inc. (NYSE:DLB). World owns 800,000 shares for 0.01% of their portfolio. Dekabank Deutsche Girozentrale reported 257,180 shares. Amalgamated Comml Bank accumulated 10,916 shares or 0.02% of the stock. Goldman Sachs Grp Inc Inc Inc stated it has 680,277 shares. Fmr Limited holds 0.02% or 2.07M shares. Etrade Lc holds 21,313 shares. San Francisco Sentry Gp (Ca) reported 0% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB). 6,689 were reported by Great West Life Assurance Can. Bb&T Secs has 0.01% invested in Dolby Laboratories, Inc. (NYSE:DLB) for 12,463 shares. State Board Of Administration Of Florida Retirement System owns 79,221 shares or 0.01% of their US portfolio. Cortina Asset Mgmt Limited has 77,502 shares for 0.24% of their portfolio. Virtu Fin Ltd Limited Liability Company reported 3,836 shares.

Among 8 analysts covering Dolby Laboratories (NYSE:DLB), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Dolby Laboratories had 20 analyst reports since October 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, April 3 by Dougherty. The rating was downgraded by FBR Capital on Tuesday, January 16 to “Hold”. The stock of Dolby Laboratories, Inc. (NYSE:DLB) has “Buy” rating given on Thursday, October 26 by B. Riley & Co. The rating was upgraded by B. Riley & Co on Monday, July 17 to “Buy”. B. Riley & Co maintained it with “Buy” rating and $61.5000 target in Wednesday, July 26 report. The firm earned “Hold” rating on Friday, July 14 by Piper Jaffray. Dougherty & Company upgraded it to “Buy” rating and $38 target in Thursday, January 28 report. The firm has “Buy” rating by B. Riley & Co given on Thursday, October 19. JP Morgan downgraded Dolby Laboratories, Inc. (NYSE:DLB) on Friday, April 8 to “Neutral” rating. Dougherty & Company maintained the stock with “Buy” rating in Thursday, April 28 report.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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