Choate Investment Advisors Decreased Stake in United Technologies (UTX) by $237.62 Million; Cognizant Tech Solutions (CTSH) Stock Price Rose While Cohen Lawrence B Has Lowered by $424,152 Its Position

February 20, 2018 - By Marie Mckinney

Choate Investment Advisors decreased its stake in United Technologies Corp (UTX) by 4.73% based on its latest 2017Q3 regulatory filing with the SEC. Choate Investment Advisors sold 2,047 shares as the company’s stock rose 8.03% with the market. The institutional investor held 41,210 shares of the aerospace company at the end of 2017Q3, valued at $4.78 billion, down from 43,257 at the end of the previous reported quarter. Choate Investment Advisors who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $103.38 billion market cap company. The stock decreased 0.57% or $0.74 during the last trading session, reaching $129.26. About 4.78 million shares traded or 12.63% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since February 20, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

Cohen Lawrence B decreased its stake in Cognizant Tech Solutions Corp (CTSH) by 8.01% based on its latest 2017Q3 regulatory filing with the SEC. Cohen Lawrence B sold 5,891 shares as the company’s stock rose 12.87% with the market. The institutional investor held 67,691 shares of the edp services company at the end of 2017Q3, valued at $4.91 million, down from 73,582 at the end of the previous reported quarter. Cohen Lawrence B who had been investing in Cognizant Tech Solutions Corp for a number of months, seems to be less bullish one the $47.73 billion market cap company. The stock decreased 0.52% or $0.42 during the last trading session, reaching $80.95. About 4.78 million shares traded or 20.97% up from the average. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since February 20, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.10, from 0.95 in 2017Q2. It improved, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Americafirst Cap Management Llc invested in 690 shares. Holderness Invests has 12,214 shares. The Utah-based Alta Capital Management Ltd Llc has invested 1.29% in United Technologies Corporation (NYSE:UTX). Signaturefd Limited Liability holds 0.07% or 4,415 shares. Hallmark Management has 5,326 shares. Manchester Capital Limited Liability Com has 4,215 shares. Independence Trust holds 0.31% or 2,350 shares in its portfolio. Hutchin Hill Capital LP reported 0.05% in United Technologies Corporation (NYSE:UTX). Sns Financial Gp Limited Liability invested in 2,071 shares or 0.06% of the stock. Cohen Klingenstein Limited Liability Company holds 0.3% or 17,400 shares in its portfolio. Architects invested 0.14% in United Technologies Corporation (NYSE:UTX). Highvista Strategies Limited Liability Company owns 2,700 shares. Moody Fincl Bank Tru Division reported 0.04% stake. Perkins Coie Trust holds 0.61% or 10,177 shares in its portfolio. 1,100 are held by Focused Wealth Mgmt Inc.

Since December 13, 2017, it had 0 buys, and 3 insider sales for $734,561 activity. Amato Elizabeth B sold 4,341 shares worth $546,600.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. United Technologies Corporation had 80 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, September 6. The firm has “Equalweight” rating by Barclays Capital given on Wednesday, July 27. The firm has “Buy” rating given on Wednesday, July 22 by Argus Research. The firm earned “Buy” rating on Tuesday, May 30 by Jefferies. As per Tuesday, August 25, the company rating was maintained by Deutsche Bank. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, May 3. Jefferies maintained the stock with “Buy” rating in Monday, August 28 report. The firm earned “Equal Weight” rating on Monday, August 31 by Barclays Capital. Cowen & Co upgraded the stock to “Outperform” rating in Thursday, July 23 report. The rating was maintained by Stifel Nicolaus on Thursday, January 25 with “Hold”.

Choate Investment Advisors, which manages about $3.44 billion and $1850.04B US Long portfolio, upped its stake in Ishares Edge Msci Min Vol Emer (EEMV) by 140,131 shares to 432,182 shares, valued at $25.11B in 2017Q3, according to the filing. It also increased its holding in Zimmer Biomet Holdings Inc (ZMH) by 35 shares in the quarter, for a total of 10,042 shares, and has risen its stake in Ishares Core S&P Mid (IJH).

Since August 28, 2017, it had 0 insider buys, and 41 selling transactions for $62.43 million activity. 2,358 shares were sold by Shaheen Allen, worth $165,525. Another trade for 32,000 shares valued at $2.27M was made by Mehta Rajeev on Friday, September 1. Kandiah Gajakarnan Vibushanan had sold 1,954 shares worth $139,248 on Friday, September 8. 1,726 shares were sold by CHATTERJEE DEBASHIS, worth $125,998 on Tuesday, September 12. On Wednesday, January 17 the insider GOMATAM SUMITHRA sold $199,500. The insider KRISHNASWAMY VENKAT sold 4,000 shares worth $316,000.

Among 33 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 25 have Buy rating, 1 Sell and 7 Hold. Therefore 76% are positive. Cognizant Technology Solutions Corp. had 89 analyst reports since August 6, 2015 according to SRatingsIntel. As per Wednesday, November 1, the company rating was upgraded by Needham. The firm has “Neutral” rating given on Thursday, February 8 by Nomura. On Thursday, September 15 the stock rating was downgraded by Goldman Sachs to “Neutral”. As per Monday, February 5, the company rating was maintained by Morgan Stanley. The stock has “Hold” rating by Loop Capital on Tuesday, January 10. Robert W. Baird maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Thursday, October 19. Robert W. Baird has “Outperform” rating and $90 target. KeyBanc Capital Markets maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Sunday, October 29. KeyBanc Capital Markets has “Buy” rating and $81.0 target. BMO Capital Markets maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Thursday, August 3 with “Buy” rating. Cowen & Co maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Wednesday, November 1. Cowen & Co has “Buy” rating and $80.0 target. The rating was upgraded by William Blair on Wednesday, November 1 to “Outperform”.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.27, from 0.76 in 2017Q2. It improved, as 37 investors sold CTSH shares while 296 reduced holdings. 99 funds opened positions while 244 raised stakes. 487.81 million shares or 3.03% less from 503.05 million shares in 2017Q2 were reported. Ameritas Inv Partners has 0.08% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 23,836 shares. 978 were reported by Lenox Wealth Management. Moreover, Fcm Invests Tx has 6.34% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 73,707 shares. Macquarie Grp Inc Ltd has invested 0.03% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Deltec Asset Management Ltd owns 30,000 shares. State Treasurer State Of Michigan has 0.11% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 179,254 shares. Cibc Mkts reported 40,750 shares or 0.01% of all its holdings. Veritable Lp accumulated 28,465 shares or 0.04% of the stock. Georgia-based Vident Investment Advisory Lc has invested 0.04% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Btim Corporation stated it has 0.22% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 5,968 were reported by Enterprise Serv. Advsrs Asset Mngmt Inc holds 0.03% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 27,482 shares. Halsey Associate Inc Ct has 272,291 shares. First Republic accumulated 0.42% or 809,739 shares. 50,814 were reported by Profund Limited Co.

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