Lilly Endowment Has Cut Its Eli Lilly And Company (LLY) Position by $66.73 Million; As Netapp (NTAP) Stock Value Declined, Holder Vident Investment Advisory Trimmed Its Position

January 23, 2018 - By Peter Erickson

Vident Investment Advisory Llc decreased its stake in Netapp Inc (NTAP) by 11.67% based on its latest 2017Q3 regulatory filing with the SEC. Vident Investment Advisory Llc sold 8,053 shares as the company’s stock declined 1.59% while stock markets rallied. The institutional investor held 60,978 shares of the technology company at the end of 2017Q3, valued at $2.67M, down from 69,031 at the end of the previous reported quarter. Vident Investment Advisory Llc who had been investing in Netapp Inc for a number of months, seems to be less bullish one the $16.96B market cap company. The stock increased 0.06% or $0.035 during the last trading session, reaching $63.555. About 867,962 shares traded. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since January 23, 2017 and is uptrending. It has outperformed by 52.23% the S&P500.

Lilly Endowment Inc decreased its stake in Eli Lilly And Company (LLY) by 0.63% based on its latest 2017Q3 regulatory filing with the SEC. Lilly Endowment Inc sold 785,000 shares as the company’s stock declined 3.22% while stock markets rallied. The institutional investor held 123.48 million shares of the major pharmaceuticals company at the end of 2017Q3, valued at $10.56B, down from 124.27 million at the end of the previous reported quarter. Lilly Endowment Inc who had been investing in Eli Lilly And Company for a number of months, seems to be less bullish one the $88.54 billion market cap company. The stock decreased 1.05% or $0.895 during the last trading session, reaching $84.545. About 2.50 million shares traded. Eli Lilly and Company (NYSE:LLY) has risen 4.70% since January 23, 2017 and is uptrending. It has underperformed by 12.00% the S&P500.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.01, from 0.9 in 2017Q2. It fall, as 66 investors sold LLY shares while 386 reduced holdings. 79 funds opened positions while 325 raised stakes. 827.83 million shares or 0.59% more from 823.00 million shares in 2017Q2 were reported. Cardinal Mngmt has 1.35% invested in Eli Lilly and Company (NYSE:LLY). First Bank Of Omaha accumulated 103,865 shares or 0.54% of the stock. Massachusetts-based Winslow Evans & Crocker has invested 0.24% in Eli Lilly and Company (NYSE:LLY). Spears Abacus accumulated 0.05% or 5,200 shares. Aviva Plc holds 0.29% in Eli Lilly and Company (NYSE:LLY) or 621,410 shares. Colonial Tru Advsrs has 48,494 shares for 0.91% of their portfolio. Apg Asset Mgmt Nv holds 0.15% in Eli Lilly and Company (NYSE:LLY) or 1.09M shares. Azimuth Mngmt Ltd Limited Liability Company holds 88,106 shares. Live Your Vision reported 400 shares. Ahl Ptnrs Ltd Liability Partnership reported 76,880 shares stake. Todd Asset Lc accumulated 2,455 shares. 8,579 are held by First Interstate Bancorp. Cap Planning Advsr Lc invested in 0.33% or 9,977 shares. State Of Wisconsin Investment Board accumulated 1.00 million shares or 0.25% of the stock. Sawgrass Asset Limited Liability Com accumulated 4,500 shares.

Since August 31, 2017, it had 0 insider buys, and 6 insider sales for $83.39 million activity. Simmons Jeffrey N sold $1.08 million worth of stock or 12,500 shares.

Among 20 analysts covering Eli Lilly and Company (NYSE:LLY), 12 have Buy rating, 2 Sell and 6 Hold. Therefore 60% are positive. Eli Lilly and Company had 92 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Thursday, June 22. The stock has “Buy” rating by SunTrust on Friday, October 27. The firm has “Buy” rating given on Friday, April 7 by Citigroup. The stock of Eli Lilly and Company (NYSE:LLY) earned “Buy” rating by Bank of America on Friday, September 18. Societe Generale initiated the stock with “Hold” rating in Wednesday, April 6 report. Atlantic Securities initiated Eli Lilly and Company (NYSE:LLY) on Friday, December 18 with “Overweight” rating. The stock of Eli Lilly and Company (NYSE:LLY) earned “Overweight” rating by Barclays Capital on Tuesday, December 1. As per Wednesday, December 13, the company rating was maintained by Leerink Swann. Jefferies maintained Eli Lilly and Company (NYSE:LLY) rating on Tuesday, March 15. Jefferies has “Buy” rating and $105 target. The stock of Eli Lilly and Company (NYSE:LLY) earned “Buy” rating by Argus Research on Tuesday, August 2.

Analysts await Eli Lilly and Company (NYSE:LLY) to report earnings on January, 30. They expect $1.08 earnings per share, up 13.68% or $0.13 from last year’s $0.95 per share. LLY’s profit will be $1.13 billion for 19.57 P/E if the $1.08 EPS becomes a reality. After $1.05 actual earnings per share reported by Eli Lilly and Company for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

Vident Investment Advisory Llc, which manages about $243.53 million and $1.85B US Long portfolio, upped its stake in Deere & Co (NYSE:DE) by 50,270 shares to 111,808 shares, valued at $14.04 million in 2017Q3, according to the filing. It also increased its holding in Henry Jack & Assoc Inc (NASDAQ:JKHY) by 4,645 shares in the quarter, for a total of 8,045 shares, and has risen its stake in Foot Locker Inc (NYSE:FL).

Since July 31, 2017, it had 0 buys, and 9 sales for $3.95 million activity. RICHARD HENRI P also sold $83,009 worth of NetApp, Inc. (NASDAQ:NTAP) shares. $173,569 worth of NetApp, Inc. (NASDAQ:NTAP) was sold by Kurian George. The insider WALLACE RICHARD P sold 34,000 shares worth $1.48 million. $362,686 worth of NetApp, Inc. (NASDAQ:NTAP) shares were sold by REICH JOEL D.

Analysts await NetApp, Inc. (NASDAQ:NTAP) to report earnings on February, 21. They expect $0.74 earnings per share, up 2.78% or $0.02 from last year’s $0.72 per share. NTAP’s profit will be $197.43 million for 21.47 P/E if the $0.74 EPS becomes a reality. After $0.70 actual earnings per share reported by NetApp, Inc. for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

Among 44 analysts covering Netapp Inc. (NASDAQ:NTAP), 14 have Buy rating, 8 Sell and 22 Hold. Therefore 32% are positive. Netapp Inc. had 139 analyst reports since August 17, 2015 according to SRatingsIntel. The stock has “Buy” rating by Goldman Sachs on Monday, January 30. The firm has “Neutral” rating given on Tuesday, April 26 by BTIG Research. The firm has “Hold” rating given on Friday, September 30 by Standpoint Research. The firm earned “Hold” rating on Tuesday, August 15 by Stifel Nicolaus. The rating was maintained by Lake Street on Monday, December 28 with “Hold”. The stock of NetApp, Inc. (NASDAQ:NTAP) earned “Overweight” rating by Piper Jaffray on Tuesday, February 14. The stock has “Hold” rating by BMO Capital Markets on Wednesday, August 16. Goldman Sachs maintained NetApp, Inc. (NASDAQ:NTAP) on Thursday, August 18 with “Sell” rating. Oppenheimer maintained the shares of NTAP in report on Thursday, August 20 with “Market Perform” rating. The rating was maintained by Raymond James on Thursday, November 16 with “Hold”.

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