Ipg Photonics (IPGP) Holder Provident Investment Management Has Cut Stake as Share Price Rose; Public Storage (PSA) Holding Maintained by First Personal Financial Services

May 18, 2018 - By Adrian Erickson

IPG Photonics Corporation (NASDAQ:IPGP) Logo

First Personal Financial Services increased its stake in Public Storage (PSA) by 712.17% based on its latest 2017Q4 regulatory filing with the SEC. First Personal Financial Services bought 2,692 shares as the company’s stock declined 3.82% with the market. The institutional investor held 3,070 shares of the real estate investment trusts company at the end of 2017Q4, valued at $642,000, up from 378 at the end of the previous reported quarter. First Personal Financial Services who had been investing in Public Storage for a number of months, seems to be bullish on the $35.54B market cap company. The stock decreased 0.07% or $0.14 during the last trading session, reaching $203.7. About 62,973 shares traded. Public Storage (NYSE:PSA) has declined 10.33% since May 18, 2017 and is downtrending. It has underperformed by 21.88% the S&P500.




Provident Investment Management Inc decreased its stake in Ipg Photonics Corp (IPGP) by 3.82% based on its latest 2017Q4 regulatory filing with the SEC. Provident Investment Management Inc sold 6,270 shares as the company’s stock rose 7.81% while stock markets declined. The institutional investor held 158,067 shares of the semiconductors company at the end of 2017Q4, valued at $33.85 million, down from 164,337 at the end of the previous reported quarter. Provident Investment Management Inc who had been investing in Ipg Photonics Corp for a number of months, seems to be less bullish one the $13.09 billion market cap company. The stock decreased 1.19% or $2.94 during the last trading session, reaching $243.8. About 25,512 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has risen 93.68% since May 18, 2017 and is uptrending. It has outperformed by 82.13% the S&P500.

More notable recent Public Storage (NYSE:PSA) news were published by: Fool.com which released: “3 REITs With Big International Operations to Consider” on May 15, 2018, also Investorplace.com with their article: “7 Stocks Warren Buffett Should Buy” published on May 15, 2018, Seekingalpha.com published: “Public Storage’s (PSA) CEO Joe Russell on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. More interesting news about Public Storage (NYSE:PSA) were released by: Investorplace.com and their article: “7 Great Ways to Move Into Real Estate Investing” published on May 18, 2018 as well as Globenewswire.com‘s news article titled: “Research Report Identifies Kinder Morgan, Annaly Capital Management, VirnetX Holding, Thermo Fisher Scientific …” with publication date: May 07, 2018.

First Personal Financial Services, which manages about $513.32M US Long portfolio, decreased its stake in Vanguard Index Fds (VV) by 2,750 shares to 40 shares, valued at $5,000 in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (CIU) by 3,151 shares in the quarter, leaving it with 61,490 shares, and cut its stake in Vanguard Specialized Fun (VIG).

Among 19 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 5 Sell and 12 Hold. Therefore 11% are positive. Public Storage had 70 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, July 20, the company rating was maintained by Bank of America. Barclays Capital maintained the shares of PSA in report on Tuesday, July 18 with “Equal-Weight” rating. As per Wednesday, May 11, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Evercore on Monday, August 22 to “Hold”. The firm earned “Equalweight” rating on Tuesday, July 19 by Barclays Capital. Jefferies maintained the shares of PSA in report on Monday, March 5 with “Hold” rating. The firm earned “Neutral” rating on Thursday, July 23 by Robert W. Baird. The firm earned “Neutral” rating on Tuesday, February 27 by Bank of America. KeyBanc Capital Markets maintained the stock with “Underweight” rating in Thursday, March 15 report. On Monday, November 16 the stock rating was maintained by Argus Research with “Buy”.

More news for IPG Photonics Corporation (NASDAQ:IPGP) were recently published by: Nasdaq.com, which released: “IPG Photonics’ Laser Focus Produces Record First Quarter” on May 14, 2018. Seekingalpha.com‘s article titled: “IPG Photonics (IPGP) Q1 2018 Results – Earnings Call Transcript” and published on May 01, 2018 is yet another important article.

Since January 8, 2018, it had 0 buys, and 13 insider sales for $23.36 million activity. 5,000 IPG Photonics Corporation (NASDAQ:IPGP) shares with value of $1.29 million were sold by GAUTHIER HENRY E. $895,755 worth of IPG Photonics Corporation (NASDAQ:IPGP) was sold by HURLEY WILLIAM S. Mammen Timothy PV sold $3.04M worth of stock or 12,500 shares. Valentin Gapontsev Trust I also sold $4.67 million worth of IPG Photonics Corporation (NASDAQ:IPGP) shares. 6,000 shares were sold by Ness Trevor, worth $1.50 million. Lopresti Angelo P sold 9,500 shares worth $2.48 million.

Analysts await IPG Photonics Corporation (NASDAQ:IPGP) to report earnings on August, 7. They expect $2.22 EPS, up 16.23% or $0.31 from last year’s $1.91 per share. IPGP’s profit will be $119.20M for 27.45 P/E if the $2.22 EPS becomes a reality. After $1.93 actual EPS reported by IPG Photonics Corporation for the previous quarter, Wall Street now forecasts 15.03% EPS growth.

Public Storage (NYSE:PSA) Institutional Positions Chart

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