Pax World Management Trimmed Legg Mason (LM) Stake By $6.58 Million; Ubs Oconnor Decreased Its Palo Alt (PANW) Position

February 11, 2018 - By Michael Collier

Pax World Management Llc decreased Legg Mason Inc. (LM) stake by 22.57% reported in 2017Q3 SEC filing. Pax World Management Llc sold 168,700 shares as Legg Mason Inc. (LM)’s stock rose 3.81%. The Pax World Management Llc holds 578,630 shares with $22.75M value, down from 747,330 last quarter. Legg Mason Inc. now has $3.30B valuation. The stock increased 1.16% or $0.44 during the last trading session, reaching $38.23. About 1.72M shares traded or 86.57% up from the average. Legg Mason, Inc. (NYSE:LM) has risen 21.07% since February 11, 2017 and is uptrending. It has outperformed by 4.37% the S&P500.

Ubs Oconnor Llc decreased Palo Alt (PANW) stake by 38.25% reported in 2017Q3 SEC filing. Ubs Oconnor Llc sold 17,212 shares as Palo Alt (PANW)’s stock declined 24.72%. The Ubs Oconnor Llc holds 27,788 shares with $4.00B value, down from 45,000 last quarter. Palo Alt now has $14.14 billion valuation. The stock increased 1.69% or $2.55 during the last trading session, reaching $153.87. About 1.11M shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has declined 16.31% since February 11, 2017 and is downtrending. It has underperformed by 33.01% the S&P500.

Pax World Management Llc increased White Mountains Insurance Group Ltd. (NYSE:WTM) stake by 3,124 shares to 34,629 valued at $29.68M in 2017Q3. It also upped Beacon Roofing Supply Inc. (NASDAQ:BECN) stake by 109,929 shares and now owns 416,305 shares. Catchmark Timber Trust Inc Class A Reit (NYSE:CTT) was raised too.

Among 15 analysts covering Legg Mason Inc. (NYSE:LM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. Legg Mason Inc. had 63 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Negative” rating by Susquehanna on Thursday, September 3. The stock has “Neutral” rating by Citigroup on Friday, August 11. The firm has “Buy” rating given on Tuesday, March 29 by Jefferies. Credit Suisse maintained Legg Mason, Inc. (NYSE:LM) rating on Thursday, October 26. Credit Suisse has “Outperform” rating and $49 target. Barclays Capital upgraded the stock to “Overweight” rating in Thursday, August 13 report. The firm has “Outperform” rating by Wood given on Friday, October 14. As per Thursday, September 3, the company rating was maintained by Wood. The stock of Legg Mason, Inc. (NYSE:LM) earned “Underweight” rating by Morgan Stanley on Tuesday, January 30. The firm earned “Hold” rating on Wednesday, January 24 by Jefferies. The company was maintained on Monday, August 3 by Piper Jaffray.

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.01, from 1.02 in 2017Q2. It is negative, as 34 investors sold LM shares while 91 reduced holdings. 34 funds opened positions while 92 raised stakes. 74.95 million shares or 1.72% less from 76.26 million shares in 2017Q2 were reported. 364,409 are held by Ameriprise. 2.94M were reported by Gamco Investors Inc Et Al. Salzhauer Michael accumulated 8,169 shares. Metropolitan Life Co New York has invested 0.02% of its portfolio in Legg Mason, Inc. (NYSE:LM). Brinker has 12,066 shares for 0.02% of their portfolio. 59,400 are held by Hodges Cap Mngmt. Ballentine Prtn Limited Co reported 7,170 shares. Stifel Fincl invested in 87,173 shares. Panagora Asset Management Inc reported 0.01% stake. First Personal Services reported 0.01% in Legg Mason, Inc. (NYSE:LM). Alpha Windward Ltd owns 13,769 shares. Manchester reported 991 shares. Cohen Klingenstein Llc reported 8,850 shares. Atria Lc invested 0.02% of its portfolio in Legg Mason, Inc. (NYSE:LM). Whittier Trust Of Nevada has 79 shares for 0% of their portfolio.

Ubs Oconnor Llc increased Pandora (Prn) stake by 2.00 million shares to 36.00M valued at $33.59 billion in 2017Q3. It also upped Dave & B (NASDAQ:PLAY) stake by 34,053 shares and now owns 73,806 shares. Ishares (LQD) was raised too.

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.22, from 0.94 in 2017Q2. It is positive, as 43 investors sold PANW shares while 148 reduced holdings. 63 funds opened positions while 159 raised stakes. 70.19 million shares or 3.76% more from 67.64 million shares in 2017Q2 were reported. Moreover, Pnc Services Gru Incorporated has 0.01% invested in Palo Alto Networks, Inc. (NYSE:PANW). Wealthtrust owns 10 shares for 0% of their portfolio. Amica Retiree Med Trust reported 0.1% stake. Malaga Cove Cap Limited Com accumulated 11,355 shares or 0.94% of the stock. Moreover, Wetherby Asset Management Inc has 0.27% invested in Palo Alto Networks, Inc. (NYSE:PANW). Brown Brothers Harriman & has invested 0% in Palo Alto Networks, Inc. (NYSE:PANW). Weiss Multi owns 75,000 shares for 0.4% of their portfolio. Riverhead Ltd Liability reported 1,900 shares. M&T Comml Bank holds 20,288 shares. First Washington holds 2.17% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 30,293 shares. 3,514 were reported by Dubuque Bank & Trust Trust Company. Fincl Advisers Ltd Com holds 0% in Palo Alto Networks, Inc. (NYSE:PANW) or 1,509 shares. Ls Investment Advsr Ltd Liability Corp has 0.01% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 860 shares. Jpmorgan Chase & reported 1.29 million shares. Morgan Stanley accumulated 1.05 million shares.

Analysts await Palo Alto Networks, Inc. (NYSE:PANW) to report earnings on February, 27. They expect $-0.21 earnings per share, up 63.79% or $0.37 from last year’s $-0.58 per share. After $-0.16 actual earnings per share reported by Palo Alto Networks, Inc. for the previous quarter, Wall Street now forecasts 31.25% negative EPS growth.

Since September 8, 2017, it had 0 insider buys, and 15 selling transactions for $63.89 million activity. MCLAUGHLIN MARK D had sold 5,000 shares worth $800,000. 44,429 Palo Alto Networks, Inc. (NYSE:PANW) shares with value of $6.36M were sold by Anderson Mark. 30,000 shares were sold by ZUK NIR, worth $4.76 million. On Tuesday, January 23 the insider MERESMAN STANLEY J sold $318,000. $4.09M worth of stock was sold by BONVANIE RENE on Tuesday, October 10. Eschenbach Carl M. sold $227,920 worth of stock or 1,572 shares.

Among 52 analysts covering Palo Alto Networks (NYSE:PANW), 42 have Buy rating, 2 Sell and 8 Hold. Therefore 81% are positive. Palo Alto Networks had 184 analyst reports since July 22, 2015 according to SRatingsIntel. Gabelli upgraded the stock to “Buy” rating in Thursday, June 1 report. Imperial Capital downgraded it to “In-Line” rating and $137 target in Wednesday, March 1 report. Goldman Sachs downgraded the stock to “Hold” rating in Monday, January 22 report. The firm has “Buy” rating by Jefferies given on Friday, May 19. Gabelli maintained it with “Hold” rating and $140 target in Thursday, September 10 report. Citigroup maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Wednesday, August 31. Citigroup has “Neutral” rating and $140 target. The company was downgraded on Wednesday, July 22 by TheStreet. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Outperform” rating given on Friday, May 26 by Cowen & Co. The rating was upgraded by JP Morgan on Friday, September 1 to “Overweight”. The firm has “Hold” rating given on Friday, October 13 by Robert W. Baird.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>