As Teva Pharmaceutical (TEVA) Stock Declined, Holder Northern Cross Upped Holding; As Synopsys (SNPS) Stock Rose, Dodge & Cox Lowered Its Holding by $35.22 Million

February 22, 2018 - By Winifred Garcia

Northern Cross Llc increased its stake in Teva Pharmaceutical (TEVA) by 27.92% based on its latest 2017Q3 regulatory filing with the SEC. Northern Cross Llc bought 4.97M shares as the company’s stock declined 15.11% while stock markets rallied. The institutional investor held 22.76M shares of the major pharmaceuticals company at the end of 2017Q3, valued at $400.65 million, up from 17.80 million at the end of the previous reported quarter. Northern Cross Llc who had been investing in Teva Pharmaceutical for a number of months, seems to be bullish on the $20.52 billion market cap company. The stock increased 0.45% or $0.09 during the last trading session, reaching $20.18. About 2.56M shares traded. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 41.70% since February 22, 2017 and is downtrending. It has underperformed by 58.40% the S&P500.

Dodge & Cox decreased its stake in Synopsys Inc (SNPS) by 7.08% based on its latest 2017Q3 regulatory filing with the SEC. Dodge & Cox sold 440,300 shares as the company’s stock rose 0.68% with the market. The institutional investor held 5.78 million shares of the technology company at the end of 2017Q3, valued at $465.24M, down from 6.22 million at the end of the previous reported quarter. Dodge & Cox who had been investing in Synopsys Inc for a number of months, seems to be less bullish one the $12.73 billion market cap company. The stock decreased 3.22% or $2.85 during the last trading session, reaching $85.61. About 1.31 million shares traded or 10.74% up from the average. Synopsys, Inc. (NASDAQ:SNPS) has risen 45.65% since February 22, 2017 and is uptrending. It has outperformed by 28.95% the S&P500.

Among 35 analysts covering Teva Pharma (NYSE:TEVA), 9 have Buy rating, 8 Sell and 18 Hold. Therefore 26% are positive. Teva Pharma had 146 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Friday, February 9. The rating was upgraded by Oppenheimer on Friday, September 2 to “Outperform”. On Tuesday, December 12 the stock rating was initiated by Guggenheim with “Hold”. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, August 7 report. The rating was maintained by Leerink Swann on Tuesday, July 21 with “Outperform”. The firm has “Sell” rating by RBC Capital Markets given on Tuesday, January 30. Cowen & Co maintained Teva Pharmaceutical Industries Limited (NYSE:TEVA) rating on Thursday, February 8. Cowen & Co has “Hold” rating and $16.0 target. Credit Suisse initiated the stock with “Neutral” rating in Wednesday, May 4 report. The stock has “Underweight” rating by PiperJaffray on Friday, February 9. As per Tuesday, January 31, the company rating was upgraded by Bank of America.

Northern Cross Llc, which manages about $51.96B and $7.77B US Long portfolio, decreased its stake in Bancolombia S.A. (NYSE:CIB) by 191,611 shares to 13.55 million shares, valued at $620.45 million in 2017Q3, according to the filing. It also reduced its holding in A by 297,375 shares in the quarter, leaving it with 6.18 million shares, and cut its stake in Barrick Gold Corp (NYSE:ABX).

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.19, from 1.2 in 2017Q2. It turned negative, as 27 investors sold SNPS shares while 155 reduced holdings. 51 funds opened positions while 133 raised stakes. 131.73 million shares or 0.13% more from 131.56 million shares in 2017Q2 were reported. Moreover, Ls Investment Llc has 0.04% invested in Synopsys, Inc. (NASDAQ:SNPS) for 7,525 shares. Swiss Bank invested in 778,236 shares. Royal Savings Bank Of Canada has 0.03% invested in Synopsys, Inc. (NASDAQ:SNPS) for 684,235 shares. Loring Wolcott And Coolidge Fiduciary Llp Ma holds 0% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 25 shares. Guggenheim Ltd Company holds 0.12% or 647,906 shares. Pennsylvania-based Stevens Mgmt LP has invested 0.02% in Synopsys, Inc. (NASDAQ:SNPS). Amer Century reported 0.03% stake. Employees Retirement Systems Of Ohio owns 93,178 shares. Tcw invested 0.01% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Clinton Grp holds 0.71% or 79,798 shares. Keybank Association Oh accumulated 8,575 shares. Nationwide Fund Advsr has invested 0.04% in Synopsys, Inc. (NASDAQ:SNPS). State Of Tennessee Treasury Department has 60,068 shares. Numeric Limited Liability Corp invested 0.45% in Synopsys, Inc. (NASDAQ:SNPS). Piedmont Inv Advisors Ltd Liability Co stated it has 7,810 shares or 0.01% of all its holdings.

Among 9 analysts covering Synopsys Inc. (NASDAQ:SNPS), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Synopsys Inc. had 28 analyst reports since August 20, 2015 according to SRatingsIntel. Credit Suisse initiated the shares of SNPS in report on Wednesday, October 19 with “Outperform” rating. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, September 20 report. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Buy” rating by RBC Capital Markets on Monday, June 19. The rating was maintained by Needham on Thursday, November 30 with “Buy”. RBC Capital Markets maintained the shares of SNPS in report on Thursday, November 30 with “Buy” rating. As per Monday, July 31, the company rating was maintained by RBC Capital Markets. The company was maintained on Tuesday, August 25 by Pacific Crest. DA Davidson maintained the stock with “Buy” rating in Thursday, August 18 report. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, August 15 report. The stock has “Buy” rating by on Monday, October 10.

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