Qci Asset Management Has Cut Its Stake in Johnson & Johnson (JNJ) as Valuation Rose; Btim Has Upped Netapp (NTAP) Holding by $2.07 Million as Stock Price Declined

February 25, 2018 - By Winifred Garcia

Btim Corp increased its stake in Netapp Inc (NTAP) by 40.69% based on its latest 2017Q3 regulatory filing with the SEC. Btim Corp bought 48,107 shares as the company’s stock declined 1.59% while stock markets rallied. The institutional investor held 166,326 shares of the technology company at the end of 2017Q3, valued at $7.28 million, up from 118,219 at the end of the previous reported quarter. Btim Corp who had been investing in Netapp Inc for a number of months, seems to be bullish on the $15.91 billion market cap company. The stock increased 1.76% or $1.03 during the last trading session, reaching $59.62. About 3.22 million shares traded or 3.05% up from the average. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since February 25, 2017 and is uptrending. It has outperformed by 52.23% the S&P500.

Qci Asset Management Inc decreased its stake in Johnson & Johnson (JNJ) by 3.79% based on its latest 2017Q3 regulatory filing with the SEC. Qci Asset Management Inc sold 5,360 shares as the company’s stock rose 6.85% with the market. The institutional investor held 135,910 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $17.67M, down from 141,270 at the end of the previous reported quarter. Qci Asset Management Inc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $354.67 billion market cap company. The stock increased 1.62% or $2.11 during the last trading session, reaching $132.02. About 5.13M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since February 25, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Since February 15, 2018, it had 0 insider buys, and 1 insider sale for $20.17 million activity.

Investors sentiment is 0.83 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. 1.71 billion shares or 0.90% less from 1.73 billion shares in 2017Q2 were reported. Forte Capital Ltd Llc Adv has 0.67% invested in Johnson & Johnson (NYSE:JNJ). Legal General Gp Public Limited Company reported 14.51M shares. First Long Island Investors Ltd Limited Liability Company holds 1.86% or 98,659 shares in its portfolio. Perritt Inc owns 4,706 shares or 0.16% of their US portfolio. Adams Diversified Equity Fund Inc holds 241,900 shares. Albion Fincl Grp Ut stated it has 0.55% of its portfolio in Johnson & Johnson (NYSE:JNJ). Northstar Invest Advisors Ltd Liability owns 95,719 shares or 2.43% of their US portfolio. Noesis Mangement Corporation has invested 0.64% in Johnson & Johnson (NYSE:JNJ). Investment Centers Of America reported 87,286 shares. Bedrijfstakpensioenfonds Voor De Media Pno reported 53,749 shares stake. Winslow Evans Crocker invested in 0.72% or 16,612 shares. Amica Pension Fund Board Of Trustees reported 1.67% in Johnson & Johnson (NYSE:JNJ). Marathon owns 24,857 shares. Macguire Cheswick & Tuttle Counsel Ltd invested in 3.44% or 134,639 shares. Inv Counselors Of Maryland Ltd Liability holds 0.07% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 10,505 shares.

Qci Asset Management Inc, which manages about $2.52 billion and $898.04M US Long portfolio, upped its stake in Zimmer Biomet Holdings Inc. (ZMH) by 2,623 shares to 132,504 shares, valued at $15.52M in 2017Q3, according to the filing. It also increased its holding in Wells Fargo & Co (NYSE:WFC) by 5,851 shares in the quarter, for a total of 261,669 shares, and has risen its stake in Southern Company (NYSE:SO).

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on April, 17. They expect $2.01 EPS, up 9.84% or $0.18 from last year’s $1.83 per share. JNJ’s profit will be $5.40 billion for 16.42 P/E if the $2.01 EPS becomes a reality. After $1.74 actual EPS reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts 15.52% EPS growth.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 89 analyst reports since August 7, 2015 according to SRatingsIntel. S&P Research maintained it with “Buy” rating and $120 target in Wednesday, October 14 report. The stock of Johnson & Johnson (NYSE:JNJ) has “Neutral” rating given on Monday, March 14 by Goldman Sachs. Jefferies upgraded the shares of JNJ in report on Wednesday, October 11 to “Buy” rating. Citigroup maintained Johnson & Johnson (NYSE:JNJ) rating on Monday, October 23. Citigroup has “Buy” rating and $149 target. The firm earned “Hold” rating on Tuesday, August 15 by Jefferies. The stock of Johnson & Johnson (NYSE:JNJ) earned “Overweight” rating by Barclays Capital on Wednesday, April 20. Jefferies maintained the stock with “Hold” rating in Friday, June 16 report. The firm has “Buy” rating by UBS given on Thursday, August 31. Credit Suisse maintained Johnson & Johnson (NYSE:JNJ) rating on Thursday, October 19. Credit Suisse has “Buy” rating and $154.0 target. The stock has “Outperform” rating by Cowen & Co on Tuesday, August 25.

Among 45 analysts covering Netapp Inc. (NASDAQ:NTAP), 16 have Buy rating, 7 Sell and 22 Hold. Therefore 36% are positive. Netapp Inc. had 152 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Sell” on Thursday, February 15. Goldman Sachs maintained NetApp, Inc. (NASDAQ:NTAP) rating on Thursday, May 26. Goldman Sachs has “Sell” rating and $23 target. As per Tuesday, May 24, the company rating was maintained by RBC Capital Markets. Brean Capital maintained the shares of NTAP in report on Thursday, August 20 with “Hold” rating. The rating was upgraded by UBS on Tuesday, September 19 to “Buy”. Deutsche Bank maintained the stock with “Sell” rating in Thursday, November 16 report. The firm has “Buy” rating by Maxim Group given on Tuesday, October 27. The rating was maintained by Jefferies on Tuesday, October 3 with “Hold”. The rating was upgraded by Drexel Hamilton to “Buy” on Thursday, November 17. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, November 15 report.

Investors sentiment is 1.18 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 38 investors sold NTAP shares while 129 reduced holdings. only 58 funds opened positions while 139 raised stakes. 244.98 million shares or 0.92% more from 242.73 million shares in 2017Q2 were reported. Ledyard Commercial Bank has 0% invested in NetApp, Inc. (NASDAQ:NTAP) for 585 shares. Lpl Financial Ltd Liability Corporation holds 15,334 shares or 0% of its portfolio. Massachusetts Fincl Communication Ma holds 0.01% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 597,595 shares. Hillsdale Inv Management holds 0.08% or 10,190 shares in its portfolio. Cleararc Capital accumulated 6,926 shares or 0.05% of the stock. Fincl Ser owns 123 shares for 0% of their portfolio. Moreover, Asset Mgmt has 0.01% invested in NetApp, Inc. (NASDAQ:NTAP) for 20,440 shares. Riverhead Cap Limited Liability has 367,417 shares for 0.75% of their portfolio. Toronto Dominion Commercial Bank holds 102,375 shares. Asset One Co invested in 439,669 shares. Asset Inc stated it has 0.04% in NetApp, Inc. (NASDAQ:NTAP). Alliancebernstein Ltd Partnership reported 0.02% stake. North Star Invest Mgmt reported 100 shares. 4,885 were accumulated by Keybank Association Oh. Federated Pa holds 492,880 shares.

Btim Corp, which manages about $6.42 billion US Long portfolio, decreased its stake in Nike Inc (NYSE:NKE) by 19,068 shares to 1.21M shares, valued at $62.83 million in 2017Q3, according to the filing. It also reduced its holding in Advance Auto Parts Inc (NYSE:AAP) by 42,578 shares in the quarter, leaving it with 60,893 shares, and cut its stake in Lincoln Electric Holdings (NASDAQ:LECO).

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