Servicenow (NOW) Shares Rose While Glynn Capital Management Has Decreased by $1.61 Million Its Stake; Alphaone Investment Services Stake in Micron Technology (MU) Has Decreased by $11.79 Million

February 22, 2018 - By Vivian Park

Alphaone Investment Services Llc decreased its stake in Micron Technology Inc (MU) by 56.26% based on its latest 2017Q3 regulatory filing with the SEC. Alphaone Investment Services Llc sold 302,400 shares as the company’s stock rose 19.14% with the market. The institutional investor held 235,100 shares of the technology company at the end of 2017Q3, valued at $9.25M, down from 537,500 at the end of the previous reported quarter. Alphaone Investment Services Llc who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $51.50 billion market cap company. The stock decreased 0.80% or $0.36 during the last trading session, reaching $44.54. About 31.62 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since February 22, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Glynn Capital Management Llc decreased its stake in Servicenow Inc. (NOW) by 9.63% based on its latest 2017Q3 regulatory filing with the SEC. Glynn Capital Management Llc sold 13,738 shares as the company’s stock rose 7.07% with the market. The hedge fund held 128,898 shares of the technology company at the end of 2017Q3, valued at $15.15M, down from 142,636 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Servicenow Inc. for a number of months, seems to be less bullish one the $27.22 billion market cap company. The stock increased 0.52% or $0.82 during the last trading session, reaching $157.58. About 1.92 million shares traded or 5.14% up from the average. ServiceNow, Inc. (NYSE:NOW) has risen 42.37% since February 22, 2017 and is uptrending. It has outperformed by 25.67% the S&P500.




Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.29, from 1.08 in 2017Q2. It is positive, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. Zweig owns 318,600 shares for 1.12% of their portfolio. Victory Capital Mgmt holds 0% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 18,384 shares. Lpl Fincl Ltd Liability Corporation reported 0.02% in Micron Technology, Inc. (NASDAQ:MU). Fukoku Mutual Life Insurance owns 18,100 shares. Gulf Bancorporation (Uk) Limited holds 0.18% or 334,021 shares. Minnesota-based Winslow Capital Lc has invested 0% in Micron Technology, Inc. (NASDAQ:MU). Bbr Prns Ltd Liability Corporation, New York-based fund reported 5,430 shares. Qcm Cayman owns 1.42% invested in Micron Technology, Inc. (NASDAQ:MU) for 14,102 shares. Price T Rowe Associates Inc Md has 4.69M shares. Ws Mngmt Lllp has 12.12M shares for 11.88% of their portfolio. Vaughan Nelson Investment Limited Partnership holds 566,700 shares. Northern Corp reported 0.13% in Micron Technology, Inc. (NASDAQ:MU). Rhumbline Advisers holds 0.16% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 1.84 million shares. Calamos Ltd Liability owns 190,848 shares. Moody Bancshares Trust Division reported 8,765 shares.

Alphaone Investment Services Llc, which manages about $491.59 million and $376.30 million US Long portfolio, upped its stake in Sterling Bancorp Del (NYSE:STL) by 20,900 shares to 184,812 shares, valued at $4.56 million in 2017Q3, according to the filing. It also increased its holding in Financial Instns Inc (NASDAQ:FISI) by 13,950 shares in the quarter, for a total of 125,408 shares, and has risen its stake in Marten Trans Ltd (NASDAQ:MRTN).

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. had 215 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Loop Capital Markets on Friday, June 30 with “Buy”. Wells Fargo maintained the stock with “Buy” rating in Wednesday, December 20 report. Bank of America downgraded the stock to “Neutral” rating in Monday, August 17 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 19. The firm has “Buy” rating given on Thursday, June 29 by Credit Suisse. The rating was maintained by Robert W. Baird on Wednesday, October 5 with “Outperform”. The firm has “Buy” rating given on Wednesday, December 20 by Stifel Nicolaus. The company was maintained on Monday, July 31 by Wells Fargo. As per Tuesday, June 6, the company rating was maintained by Morgan Stanley. The company was maintained on Wednesday, December 20 by Mizuho.

Since September 1, 2017, it had 0 buys, and 15 sales for $14.83 million activity. The insider BAILEY ROBERT L sold $128,197. Deboer Scott J had sold 10,000 shares worth $340,000 on Tuesday, September 12. Mondry Lawrence N sold $2.17 million worth of stock. Another trade for 80,000 shares valued at $3.09 million was made by Poppen Joel L on Friday, September 29. Thorsen Steven L. JR had sold 118,944 shares worth $4.53 million on Friday, September 29.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on March, 22 after the close. They expect $2.69 earnings per share, up 249.35% or $1.92 from last year’s $0.77 per share. MU’s profit will be $3.11 billion for 4.14 P/E if the $2.69 EPS becomes a reality. After $2.41 actual earnings per share reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 11.62% EPS growth.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.15, from 1.23 in 2017Q2. It increased, as 23 investors sold NOW shares while 115 reduced holdings. 61 funds opened positions while 130 raised stakes. 170.65 million shares or 1.96% more from 167.38 million shares in 2017Q2 were reported. Shine Inv Advisory Services Incorporated holds 435 shares. Emerald Advisers Incorporated Pa accumulated 21,563 shares or 0.1% of the stock. Waddell And Reed Financial reported 1.28M shares stake. Waratah Capital Advsr owns 183,845 shares. 172,803 were accumulated by Nomura Asset Mgmt Limited. Assetmark owns 40 shares. Twin Tree Management Ltd Partnership owns 2,349 shares. Dekabank Deutsche Girozentrale accumulated 0.04% or 42,929 shares. Bank Of Ny Mellon reported 0.06% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Fred Alger Mngmt Incorporated reported 0.61% in ServiceNow, Inc. (NYSE:NOW). 1.35M are owned by Criterion Cap Mgmt Llc. San Francisco Sentry Grp Inc (Ca) invested in 0% or 60 shares. Loring Wolcott Coolidge Fiduciary Advsr Limited Liability Partnership Ma reported 0.01% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Global X Mgmt Ltd Liability Corp reported 0.01% in ServiceNow, Inc. (NYSE:NOW). National Pension Service holds 0.11% or 174,461 shares in its portfolio.

Since August 23, 2017, it had 0 insider buys, and 9 sales for $86.68 million activity. Another trade for 150,000 shares valued at $17.58 million was made by Slootman Frank on Monday, October 2. 2,242 ServiceNow, Inc. (NYSE:NOW) shares with value of $336,300 were sold by Schneider David. BOSTROM SUSAN L had sold 19,673 shares worth $2.80 million. 100,000 shares valued at $13.54 million were sold by LUDDY FREDERIC B on Tuesday, January 9. Another trade for 1,636 shares valued at $246,234 was made by Sands Anita M on Friday, February 2.

Analysts await ServiceNow, Inc. (NYSE:NOW) to report earnings on April, 25. They expect $-0.07 EPS, up 61.11% or $0.11 from last year’s $-0.18 per share. After $-0.23 actual EPS reported by ServiceNow, Inc. for the previous quarter, Wall Street now forecasts -69.57% EPS growth.

Glynn Capital Management Llc, which manages about $659.77 million and $398.38M US Long portfolio, upped its stake in Veeva Systems (NYSE:VEEV) by 164,056 shares to 324,692 shares, valued at $18.32M in 2017Q3, according to the filing. It also increased its holding in Appfolio Inc by 98,804 shares in the quarter, for a total of 348,804 shares, and has risen its stake in Atlassian Corporation.

Among 40 analysts covering ServiceNow Inc (NYSE:NOW), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. ServiceNow Inc had 116 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Thursday, April 14 by Argus Research. The stock has “Buy” rating by KeyBanc Capital Markets on Friday, October 6. As per Thursday, April 21, the company rating was maintained by Goldman Sachs. Wunderlich maintained ServiceNow, Inc. (NYSE:NOW) rating on Thursday, October 27. Wunderlich has “Buy” rating and $95 target. Piper Jaffray maintained ServiceNow, Inc. (NYSE:NOW) on Tuesday, January 16 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets on Thursday, October 26 with “Overweight”. As per Friday, July 15, the company rating was upgraded by Mizuho. Cowen & Co maintained ServiceNow, Inc. (NYSE:NOW) on Thursday, July 27 with “Buy” rating. The rating was initiated by JP Morgan on Friday, June 23 with “Overweight”. On Thursday, February 1 the stock rating was maintained by Northland Capital with “Buy”.

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