Par Pacific Holdings (PARR) Shares Rose While Steinberg Asset Management Has Trimmed Its Position; As Proofpoint (PFPT) Stock Rose, Glynn Capital Management Raised Position

February 14, 2018 - By Hazel Jackson

Steinberg Asset Management Llc decreased its stake in Par Pacific Holdings Inc (PARR) by 47.41% based on its latest 2017Q3 regulatory filing with the SEC. Steinberg Asset Management Llc sold 111,971 shares as the company’s stock rose 14.47% with the market. The hedge fund held 124,224 shares of the oil & gas production company at the end of 2017Q3, valued at $2.58 million, down from 236,195 at the end of the previous reported quarter. Steinberg Asset Management Llc who had been investing in Par Pacific Holdings Inc for a number of months, seems to be less bullish one the $800.21M market cap company. The stock increased 0.17% or $0.03 during the last trading session, reaching $17.48. About 181,661 shares traded. Par Pacific Holdings, Inc. (NYSEMKT:PARR) has risen 13.72% since February 14, 2017 and is uptrending. It has underperformed by 2.98% the S&P500.

Glynn Capital Management Llc increased its stake in Proofpoint (PFPT) by 52.18% based on its latest 2017Q3 regulatory filing with the SEC. Glynn Capital Management Llc bought 47,548 shares as the company’s stock rose 0.42% with the market. The hedge fund held 138,665 shares of the technology company at the end of 2017Q3, valued at $12.09M, up from 91,117 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Proofpoint for a number of months, seems to be bullish on the $5.00B market cap company. The stock increased 2.56% or $2.48 during the last trading session, reaching $99.35. About 564,524 shares traded or 16.43% up from the average. Proofpoint, Inc. (NASDAQ:PFPT) has risen 52.24% since February 14, 2017 and is uptrending. It has outperformed by 35.54% the S&P500.

Among 30 analysts covering Proofpoint Inc (NASDAQ:PFPT), 24 have Buy rating, 2 Sell and 4 Hold. Therefore 80% are positive. Proofpoint Inc had 85 analyst reports since July 24, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, July 24 report. The stock of Proofpoint, Inc. (NASDAQ:PFPT) earned “Buy” rating by Piper Jaffray on Friday, October 13. Imperial Capital maintained Proofpoint, Inc. (NASDAQ:PFPT) rating on Monday, January 30. Imperial Capital has “Outperform” rating and $100 target. The stock has “Buy” rating by Wunderlich on Tuesday, September 13. As per Friday, July 8, the company rating was initiated by Macquarie Research. The firm has “Buy” rating by Dougherty & Company given on Friday, July 22. The firm earned “Outperform” rating on Tuesday, August 25 by FBR Capital. The firm has “Outperform” rating given on Monday, October 19 by RBC Capital Markets. Evercore maintained Proofpoint, Inc. (NASDAQ:PFPT) rating on Friday, July 28. Evercore has “Buy” rating and $10500 target. As per Wednesday, February 7, the company rating was maintained by Piper Jaffray.

Glynn Capital Management Llc, which manages about $659.77 million and $398.38 million US Long portfolio, decreased its stake in Pure Storage Inc. by 91,100 shares to 2.14 million shares, valued at $34.18M in 2017Q3, according to the filing. It also reduced its holding in Workday Inc. (NYSE:WDAY) by 21,757 shares in the quarter, leaving it with 245,314 shares, and cut its stake in Okta Inc..

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.16, from 1.32 in 2017Q2. It worsened, as 26 investors sold PFPT shares while 77 reduced holdings. 34 funds opened positions while 85 raised stakes. 49.44 million shares or 0.58% less from 49.73 million shares in 2017Q2 were reported. Renaissance Tech Ltd Limited Liability Company has 0.02% invested in Proofpoint, Inc. (NASDAQ:PFPT). Rmb Cap Limited Liability Corporation accumulated 77,287 shares. L S Advisors owns 4,700 shares. Exane Derivatives holds 0% or 171 shares in its portfolio. 34,400 were accumulated by Credit Agricole S A. First Mercantile Tru owns 9,340 shares or 0.15% of their US portfolio. Stephens Gp Lc reported 707,288 shares. Rainier Investment Mngmt Ltd Co reported 0.47% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT). Massachusetts Financial Svcs Ma stated it has 0.01% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT). Brown Advisory Ltd Liability reported 4,925 shares stake. Northern Trust reported 555,399 shares stake. Avalon Asset Mngmt Ltd Llc reported 0.83% in Proofpoint, Inc. (NASDAQ:PFPT). American Intl Group Inc has invested 0.01% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT). Lord Abbett Ltd holds 0.1% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT) for 392,354 shares. Tiverton Asset Lc owns 69,986 shares.

Since August 16, 2017, it had 0 insider purchases, and 16 sales for $20.45 million activity. Newell Tracey sold $746,613 worth of stock or 8,183 shares. $266,965 worth of stock was sold by Knight David on Tuesday, October 3. $446,037 worth of stock was sold by Hahn Eric on Wednesday, October 4.

Among 6 analysts covering Par Pacific (NYSEMKT:PARR), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Par Pacific had 7 analyst reports since November 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, October 6 by Mizuho. The stock of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) has “Buy” rating given on Friday, May 20 by Sterne Agee CRT. The stock has “Outperform” rating by Imperial Capital on Wednesday, May 18. The company was downgraded on Monday, November 23 by Miller Tabak. The rating was initiated by Seaport Global Securities on Thursday, September 8 with “Buy”. Cowen & Co initiated it with “Market Perform” rating and $15 target in Friday, June 10 report. The stock of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) has “Outperform” rating given on Thursday, January 28 by Imperial Capital.

Analysts await Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) to report earnings on February, 27. They expect $0.24 earnings per share, up 4.35% or $0.01 from last year’s $0.23 per share. PARR’s profit will be $10.99M for 18.21 P/E if the $0.24 EPS becomes a reality. After $0.55 actual earnings per share reported by Par Pacific Holdings, Inc. for the previous quarter, Wall Street now forecasts -56.36% negative EPS growth.

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