Renaissance Group Increases Holding in Netapp (NTAP); Vale Sp Adr (VALE) Holder Cmt Asset Management LTD Has Lowered Holding by $1.22 Million

February 15, 2018 - By Peter Erickson

Cmt Asset Management Ltd decreased its stake in Vale Sp Adr (VALE) by 89.98% based on its latest 2017Q3 regulatory filing with the SEC. Cmt Asset Management Ltd sold 122,457 shares as the company’s stock declined 20.71% while stock markets rallied. The hedge fund held 13,636 shares of the precious metals company at the end of 2017Q3, valued at $148,000, down from 136,093 at the end of the previous reported quarter. Cmt Asset Management Ltd who had been investing in Vale Sp Adr for a number of months, seems to be less bullish one the $74.40B market cap company. The stock increased 0.14% or $0.02 during the last trading session, reaching $14.02. About 5.71 million shares traded. Vale S.A. (NYSE:VALE) has risen 111.11% since February 15, 2017 and is uptrending. It has outperformed by 94.41% the S&P500.

Renaissance Group Llc increased its stake in Netapp Inc (NTAP) by 9.11% based on its latest 2017Q3 regulatory filing with the SEC. Renaissance Group Llc bought 65,717 shares as the company’s stock declined 1.59% while stock markets rallied. The institutional investor held 786,821 shares of the technology company at the end of 2017Q3, valued at $34.43M, up from 721,104 at the end of the previous reported quarter. Renaissance Group Llc who had been investing in Netapp Inc for a number of months, seems to be bullish on the $14.19B market cap company. The stock decreased 12.32% or $7.47 during the last trading session, reaching $53.17. About 4.98 million shares traded or 63.35% up from the average. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since February 15, 2017 and is uptrending. It has outperformed by 52.23% the S&P500.




Renaissance Group Llc, which manages about $2.91B US Long portfolio, decreased its stake in Caterpillar Inc (NYSE:CAT) by 2,583 shares to 11,457 shares, valued at $1.43M in 2017Q3, according to the filing. It also reduced its holding in Persimmon Plc (PSMMY) by 12,121 shares in the quarter, leaving it with 282,413 shares, and cut its stake in Icon Plc (NASDAQ:ICLR).

Investors sentiment is 1.18 in Q3 2017. Its the same as in 2017Q2. It has no change, as 38 investors sold NTAP shares while 129 reduced holdings. only 58 funds opened positions while 139 raised stakes. 244.98 million shares or 0.92% more from 242.73 million shares in 2017Q2 were reported. Raymond James And holds 0.03% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 323,479 shares. Cibc Asset Mgmt Inc accumulated 31,392 shares or 0.01% of the stock. Affinity Invest holds 43,220 shares. Raymond James Tru Na reported 0.01% in NetApp, Inc. (NASDAQ:NTAP). Glenmede Trust Co Na holds 0.39% or 2.02 million shares in its portfolio. Bnp Paribas Asset reported 0.02% stake. Public Employees Retirement Association Of Colorado holds 52,470 shares or 0.02% of its portfolio. Lsv Asset Mgmt holds 0.07% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 967,222 shares. Employees Retirement System Of Texas owns 54,000 shares. Brandywine Invest Ltd Liability Company invested in 186,175 shares or 0.05% of the stock. Ameriprise Fin owns 410,708 shares. Int stated it has 0.27% in NetApp, Inc. (NASDAQ:NTAP). Moreover, Ahl Prtn Limited Liability Partnership has 0.08% invested in NetApp, Inc. (NASDAQ:NTAP). Tci Wealth Advsr stated it has 0% in NetApp, Inc. (NASDAQ:NTAP). Pub Employees Retirement Of Ohio accumulated 0.02% or 106,171 shares.

Since August 30, 2017, it had 0 buys, and 9 sales for $4.35 million activity. NEVENS THOMAS MICHAEL sold 20,000 shares worth $1.11 million. WALLACE RICHARD P also sold $1.48 million worth of NetApp, Inc. (NASDAQ:NTAP) on Friday, September 29. Kurian George had sold 7,020 shares worth $391,904 on Wednesday, January 3. $362,686 worth of NetApp, Inc. (NASDAQ:NTAP) was sold by REICH JOEL D.

Among 45 analysts covering Netapp Inc. (NASDAQ:NTAP), 14 have Buy rating, 7 Sell and 24 Hold. Therefore 31% are positive. Netapp Inc. had 147 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Friday, December 11 by BMO Capital Markets. The firm has “Underweight” rating given on Thursday, August 17 by Barclays Capital. Maxim Group maintained NetApp, Inc. (NASDAQ:NTAP) on Thursday, November 16 with “Buy” rating. JP Morgan upgraded NetApp, Inc. (NASDAQ:NTAP) on Thursday, August 18 to “Neutral” rating. The stock of NetApp, Inc. (NASDAQ:NTAP) earned “Overweight” rating by Piper Jaffray on Tuesday, February 14. The firm has “Underweight” rating given on Thursday, November 16 by Morgan Stanley. RBC Capital Markets downgraded the shares of NTAP in report on Tuesday, December 22 to “Sector Perform” rating. RBC Capital Markets maintained NetApp, Inc. (NASDAQ:NTAP) on Thursday, September 7 with “Hold” rating. On Thursday, November 16 the stock rating was maintained by Raymond James with “Hold”. Argus Research maintained NetApp, Inc. (NASDAQ:NTAP) rating on Friday, November 17. Argus Research has “Buy” rating and $60 target.

Analysts await Vale S.A. (NYSE:VALE) to report earnings on February, 22. They expect $0.23 earnings per share, down 56.60% or $0.30 from last year’s $0.53 per share. VALE’s profit will be $1.22B for 15.24 P/E if the $0.23 EPS becomes a reality. After $0.40 actual earnings per share reported by Vale S.A. for the previous quarter, Wall Street now forecasts -42.50% negative EPS growth.

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