Morgan Stanley Has Increased Its Syntel (SYNT) Holding by $5.92 Million; Trigran Investments Has Upped Model N (MODN) Holding

February 7, 2018 - By Hazel Jackson

Morgan Stanley increased its stake in Syntel Inc (SYNT) by 943.95% based on its latest 2017Q3 regulatory filing with the SEC. Morgan Stanley bought 311,533 shares as the company’s stock declined 0.75% while stock markets rallied. The institutional investor held 344,536 shares of the technology company at the end of 2017Q3, valued at $6.77 million, up from 33,003 at the end of the previous reported quarter. Morgan Stanley who had been investing in Syntel Inc for a number of months, seems to be bullish on the $1.79 billion market cap company. The stock increased 1.36% or $0.29 during the last trading session, reaching $21.65. About 164,617 shares traded. Syntel, Inc. (NASDAQ:SYNT) has declined 32.64% since February 7, 2017 and is downtrending. It has underperformed by 49.34% the S&P500.

Douglas T. Granat increased its stake in Model N Inc (MODN) by 14.94% based on its latest 2017Q3 regulatory filing with the SEC. Trigran Investments Inc bought 127,982 shares as the company’s stock rose 14.81% with the market. The hedge fund run by Douglas T. Granat held 984,594 shares of the technology company at the end of 2017Q3, valued at $14.72M, up from 856,612 at the end of the previous reported quarter. Trigran Investments Inc who had been investing in Model N Inc for a number of months, seems to be bullish on the $511.37M market cap company. The stock increased 26.18% or $3.6 during the last trading session, reaching $17.35. About 1.42 million shares traded or 530.27% up from the average. Model N, Inc. (NYSE:MODN) has risen 18.66% since February 7, 2017 and is uptrending. It has outperformed by 1.96% the S&P500.




Investors sentiment increased to 1.71 in 2017 Q3. Its up 0.47, from 1.24 in 2017Q2. It increased, as 10 investors sold SYNT shares while 31 reduced holdings. 25 funds opened positions while 45 raised stakes. 29.77 million shares or 4.49% more from 28.49 million shares in 2017Q2 were reported. Lpl Fincl Limited Liability Co stated it has 46,879 shares. California Public Employees Retirement holds 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 62,100 shares. Federated Incorporated Pa, Pennsylvania-based fund reported 203,145 shares. Quantbot Techs LP reported 0.05% stake. Price T Rowe Assocs Inc Md invested in 12,260 shares. Renaissance Technology Ltd Liability accumulated 214,190 shares. State Street stated it has 723,629 shares or 0% of all its holdings. Ubs Asset Mngmt Americas owns 0% invested in Syntel, Inc. (NASDAQ:SYNT) for 10,700 shares. Prelude Mngmt Ltd holds 0.01% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 5,544 shares. Fil Ltd holds 0.02% or 376,269 shares in its portfolio. State Board Of Administration Of Florida Retirement reported 17,179 shares. Great West Life Assurance Can reported 3,782 shares. Sprott stated it has 320,000 shares or 1.61% of all its holdings. Invesco invested in 0% or 55,820 shares. Barclays Public Ltd Co stated it has 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT).

Since August 29, 2017, it had 0 insider purchases, and 8 insider sales for $77,278 activity. 61 shares were sold by Gangidi Narendar Reddy, worth $1,553 on Friday, December 15. 33 shares were sold by Andradi Ben, worth $840. Shares for $23,632 were sold by Aggarwal Rahul B. on Wednesday, October 25.

Morgan Stanley, which manages about $60.09 billion and $333.86 billion US Long portfolio, decreased its stake in Citizens Finl Group Inc (NYSE:CFG) by 605,740 shares to 2.05M shares, valued at $77.47M in 2017Q3, according to the filing. It also reduced its holding in Lattice Semiconductor Corp (NASDAQ:LSCC) by 127,857 shares in the quarter, leaving it with 757,829 shares, and cut its stake in Dhi Group Inc.

Among 12 analysts covering Syntel Inc. (NASDAQ:SYNT), 1 have Buy rating, 1 Sell and 10 Hold. Therefore 8% are positive. Syntel Inc. had 33 analyst reports since August 14, 2015 according to SRatingsIntel. Cantor Fitzgerald initiated the stock with “Hold” rating in Friday, October 16 report. As per Wednesday, October 5, the company rating was maintained by SunTrust. The stock has “Sell” rating by Wells Fargo on Friday, December 29. On Friday, February 19 the stock rating was downgraded by Wells Fargo to “Market Perform”. The company was downgraded on Friday, July 15 by Maxim Group. The company was downgraded on Thursday, December 21 by Needham. Robert W. Baird downgraded the stock to “Neutral” rating in Monday, April 18 report. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Hold” rating given on Tuesday, October 4 by Maxim Group. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Hold” rating given on Tuesday, August 22 by Cowen & Co. The firm has “Neutral” rating by Robert W. Baird given on Wednesday, October 5.

Among 9 analysts covering Model N Inc (NYSE:MODN), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Model N Inc had 10 analyst reports since February 16, 2016 according to SRatingsIntel. The firm has “Market Perform” rating by JMP Securities given on Tuesday, August 9. The firm has “Overweight” rating given on Friday, November 11 by JP Morgan. The firm has “Buy” rating given on Tuesday, February 16 by Craig Hallum. The firm has “Buy” rating by Dougherty & Company given on Tuesday, December 19. The firm earned “Hold” rating on Tuesday, December 12 by J.P. Morgan. The stock of Model N, Inc. (NYSE:MODN) has “Hold” rating given on Wednesday, November 16 by Stifel Nicolaus. Deutsche Bank maintained Model N, Inc. (NYSE:MODN) on Tuesday, August 9 with “Buy” rating. As per Tuesday, December 13, the company rating was downgraded by Craig Hallum.

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.