Jag Capital Management Lowered Its Position in Automatic Data Processing (ADP) by $519,603; Cambridge Trust Company Has Lifted Its Palo Alto Networks (PANW) Stake

February 22, 2018 - By Hazel Jackson

Jag Capital Management Llc decreased its stake in Automatic Data Processing (ADP) by 21.11% based on its latest 2017Q3 regulatory filing with the SEC. Jag Capital Management Llc sold 4,767 shares as the company’s stock declined 1.06% while stock markets rallied. The institutional investor held 17,819 shares of the technology company at the end of 2017Q3, valued at $1.95 million, down from 22,586 at the end of the previous reported quarter. Jag Capital Management Llc who had been investing in Automatic Data Processing for a number of months, seems to be less bullish one the $51.38B market cap company. The stock decreased 0.16% or $0.185 during the last trading session, reaching $115.915. About 618,306 shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since February 22, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Cambridge Trust Company increased its stake in Palo Alto Networks Inc (PANW) by 48.46% based on its latest 2017Q3 regulatory filing with the SEC. Cambridge Trust Company bought 44,759 shares as the company’s stock declined 24.72% while stock markets rallied. The institutional investor held 137,115 shares of the technology company at the end of 2017Q3, valued at $19.76M, up from 92,356 at the end of the previous reported quarter. Cambridge Trust Company who had been investing in Palo Alto Networks Inc for a number of months, seems to be bullish on the $14.98B market cap company. The stock decreased 0.83% or $1.37 during the last trading session, reaching $163.03. About 1.12M shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has declined 16.31% since February 22, 2017 and is downtrending. It has underperformed by 33.01% the S&P500.

Among 52 analysts covering Palo Alto Networks (NYSE:PANW), 43 have Buy rating, 2 Sell and 7 Hold. Therefore 83% are positive. Palo Alto Networks had 186 analyst reports since July 22, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of PANW in report on Tuesday, September 5 with “Buy” rating. The firm earned “Buy” rating on Tuesday, November 24 by UBS. Piper Jaffray maintained the shares of PANW in report on Friday, November 10 with “Buy” rating. The rating was maintained by Maxim Group with “Buy” on Wednesday, July 5. Goldman Sachs maintained the shares of PANW in report on Tuesday, April 5 with “Buy” rating. On Tuesday, September 5 the stock rating was upgraded by Imperial Capital to “Outperform”. Maxim Group maintained Palo Alto Networks, Inc. (NYSE:PANW) on Thursday, June 1 with “Buy” rating. On Sunday, October 8 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was initiated by DA Davidson on Friday, October 16 with “Neutral”. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, November 24.

Cambridge Trust Company, which manages about $1.49 billion US Long portfolio, decreased its stake in Adobe Systems Inc (NASDAQ:ADBE) by 50,351 shares to 182,008 shares, valued at $27.15M in 2017Q3, according to the filing. It also reduced its holding in General Electric Co (NYSE:GE) by 29,618 shares in the quarter, leaving it with 1.12 million shares, and cut its stake in Guggenheim (EWRM).

Since September 8, 2017, it had 0 buys, and 15 insider sales for $63.89 million activity. MCLAUGHLIN MARK D sold $800,000 worth of stock or 5,000 shares. Another trade for 2,000 shares valued at $318,000 was sold by MERESMAN STANLEY J. 30,000 Palo Alto Networks, Inc. (NYSE:PANW) shares with value of $4.44M were sold by ZUK NIR. 1,572 Palo Alto Networks, Inc. (NYSE:PANW) shares with value of $227,920 were sold by Eschenbach Carl M.. Anderson Mark sold 44,429 shares worth $6.36 million.

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.22, from 0.94 in 2017Q2. It increased, 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. Wafra Advisory Gp Incorporated Inc New York owns 140,199 shares. Wealthtrust has 0% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 10 shares. Rhumbline Advisers holds 0.03% or 105,343 shares in its portfolio. The Colorado-based Asset Mgmt has invested 0.01% in Palo Alto Networks, Inc. (NYSE:PANW). Bourgeon Capital Mngmt Limited Com invested in 2.76% or 32,546 shares. 9,991 are owned by Hills Bancshares. Somerset Group Ltd Llc owns 11,710 shares. Panagora Asset Mngmt reported 1,481 shares stake. Weiss Multi owns 0.4% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 75,000 shares. Stephens Investment Mgmt Gp Ltd Liability Company owns 0.35% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 106,225 shares. Quantbot Technology Lp accumulated 11,837 shares. Wunderlich Cap Managemnt holds 8,208 shares. Pictet & Cie (Europe) holds 0.22% in Palo Alto Networks, Inc. (NYSE:PANW) or 10,450 shares. Amica Pension Fund Board Of Trustees owns 5,669 shares for 0.1% of their portfolio. Qci Asset Mngmt Inc reported 1.31% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW).

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on May, 2. They expect $1.44 earnings per share, up 9.92% or $0.13 from last year’s $1.31 per share. ADP’s profit will be $638.31 million for 20.12 P/E if the $1.44 EPS becomes a reality. After $0.99 actual earnings per share reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts 45.45% EPS growth.

Investors sentiment decreased to 0.68 in Q3 2017. Its down 0.09, from 0.77 in 2017Q2. It dived, as 60 investors sold ADP shares while 457 reduced holdings. 109 funds opened positions while 241 raised stakes. 342.26 million shares or 3.77% less from 355.68 million shares in 2017Q2 were reported. Voya Llc stated it has 196,455 shares or 0.05% of all its holdings. Nomura Asset Mgmt Ltd reported 61,776 shares stake. Edgemoor Inv Advisors Incorporated holds 0.04% or 2,708 shares. Advsrs Incorporated Ok, Oklahoma-based fund reported 3,500 shares. Cape Cod Five Cents State Bank reported 30,969 shares. Commerzbank Aktiengesellschaft Fi owns 5,549 shares. 420,186 were accumulated by Huntington Commercial Bank. Tocqueville Asset Mgmt Limited Partnership stated it has 0.41% in Automatic Data Processing, Inc. (NASDAQ:ADP). Cobblestone Cap Ltd Com Ny accumulated 4,676 shares. Neville Rodie & Shaw holds 0.44% or 36,033 shares. Pacifica Limited Liability Com invested in 0.23% or 4,000 shares. Nordea Invest Mgmt Ab holds 46,461 shares. One National Association has invested 0.02% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Cubist Systematic Strategies Lc reported 8,263 shares or 0.05% of all its holdings. Suntrust Banks has 0.05% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 83,658 shares.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 4 have Buy rating, 2 Sell and 13 Hold. Therefore 21% are positive. Automatic Data had 57 analyst reports since August 3, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, June 20 by Goldman Sachs. As per Tuesday, July 11, the company rating was maintained by BMO Capital Markets. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Hold” rating by BMO Capital Markets on Monday, January 22. On Monday, July 11 the stock rating was upgraded by Bernstein to “Outperform”. BMO Capital Markets maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, October 13 with “Hold” rating. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Equal-Weight” rating by Barclays Capital on Tuesday, July 18. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Hold” rating by Robert W. Baird on Tuesday, October 3. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Hold” rating given on Wednesday, August 30 by Robert W. Baird. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Sell” rating given on Friday, April 15 by Compass Point. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets.

Jag Capital Management Llc, which manages about $1.15B and $533.31 million US Long portfolio, upped its stake in Morgan Stanley (NYSE:MS) by 112,313 shares to 226,392 shares, valued at $10.91 million in 2017Q3, according to the filing. It also increased its holding in Nvidia Corp (NASDAQ:NVDA) by 30,269 shares in the quarter, for a total of 62,425 shares, and has risen its stake in Live Nation Entmt Inc (NYSE:LYV).

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