Research Frontiers (Refr) (REFR) Holder Goldman Capital Management Has Trimmed Stake by $475,357; Ithaka Group Holding In Veeva Systems (VEEV) Was Raised

April 11, 2018 - By Peter Erickson

Veeva Systems Inc. (NYSE:VEEV) Logo

Goldman Capital Management Inc decreased its stake in Research Frontiers Inc (Refr) (REFR) by 22.43% based on its latest 2017Q4 regulatory filing with the SEC. Goldman Capital Management Inc sold 475,357 shares as the company’s stock declined 12.15% with the market. The institutional investor held 1.64M shares of the multi-sector company at the end of 2017Q4, valued at $1.71 million, down from 2.12 million at the end of the previous reported quarter. Goldman Capital Management Inc who had been investing in Research Frontiers Inc (Refr) for a number of months, seems to be less bullish one the $25.01M market cap company. The stock decreased 11.11% or $0.13 during the last trading session, reaching $1.04. About 489,212 shares traded or 611.39% up from the average. Research Frontiers Incorporated (NASDAQ:REFR) has declined 34.72% since April 11, 2017 and is downtrending. It has underperformed by 46.27% the S&P500.

Ithaka Group Llc increased its stake in Veeva Systems Inc. (VEEV) by 37.14% based on its latest 2017Q4 regulatory filing with the SEC. Ithaka Group Llc bought 60,874 shares as the company’s stock rose 29.86% while stock markets declined. The institutional investor held 224,771 shares of the prepackaged software company at the end of 2017Q4, valued at $12.43M, up from 163,897 at the end of the previous reported quarter. Ithaka Group Llc who had been investing in Veeva Systems Inc. for a number of months, seems to be bullish on the $10.23B market cap company. The stock increased 1.86% or $1.31 during the last trading session, reaching $71.86. About 928,188 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 42.88% since April 11, 2017 and is uptrending. It has outperformed by 31.33% the S&P500.

Among 3 analysts covering Research Frontiers (NASDAQ:REFR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Research Frontiers had 4 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Research Frontiers Incorporated (NASDAQ:REFR) earned “Outperform” rating by WestPark Capital on Wednesday, September 28. The stock of Research Frontiers Incorporated (NASDAQ:REFR) has “Hold” rating given on Wednesday, August 12 by Zacks. The firm has “Hold” rating given on Friday, August 5 by Craig Hallum.

Investors sentiment decreased to 0.6 in Q4 2017. Its down 0.60, from 1.2 in 2017Q3. It worsened, as 8 investors sold REFR shares while 7 reduced holdings. 4 funds opened positions while 5 raised stakes. 3.88 million shares or 8.09% less from 4.22 million shares in 2017Q3 were reported. Barclays Pcl invested 0% of its portfolio in Research Frontiers Incorporated (NASDAQ:REFR). State Street Corp holds 0% or 10,720 shares in its portfolio. Goldman Capital holds 1.65% or 1.64M shares. Homrich & Berg owns 10,000 shares. Financial Bank Of America Corp De has 0% invested in Research Frontiers Incorporated (NASDAQ:REFR). Renaissance Techs Llc reported 33,100 shares. Anson Funds Management Lp invested in 0.19% or 273,037 shares. Fiera Cap Corp reported 32,566 shares. Bankshares Of New York Mellon holds 25,904 shares or 0% of its portfolio. Moreover, Northern Tru Corporation has 0% invested in Research Frontiers Incorporated (NASDAQ:REFR) for 43,389 shares. California-based Wells Fargo Mn has invested 0% in Research Frontiers Incorporated (NASDAQ:REFR). 114,338 are held by Connors Investor Svcs Inc. First Allied Advisory reported 38,212 shares. Outfitter Advisors Ltd stated it has 0.01% of its portfolio in Research Frontiers Incorporated (NASDAQ:REFR). Bank & Trust Of Montreal Can holds 0% of its portfolio in Research Frontiers Incorporated (NASDAQ:REFR) for 700 shares.

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.57, from 1.63 in 2017Q3. It dived, as 51 investors sold VEEV shares while 91 reduced holdings. 54 funds opened positions while 96 raised stakes. 98.12 million shares or 2.33% more from 95.88 million shares in 2017Q3 were reported. Gateway Advisers Limited Company reported 73,301 shares. Moreover, Gilder Gagnon Howe Ltd has 0.26% invested in Veeva Systems Inc. (NYSE:VEEV). Malaga Cove Cap Ltd Co holds 0.16% in Veeva Systems Inc. (NYSE:VEEV) or 5,208 shares. 108,642 are held by Royal State Bank Of Canada. Cap One Natl Association stated it has 0.4% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Fiera Capital holds 588,585 shares. Strategic Advsr Limited Liability Company holds 0.12% in Veeva Systems Inc. (NYSE:VEEV) or 5,290 shares. Pictet Asset Management owns 40,902 shares. Sei Invests Co invested 0.03% in Veeva Systems Inc. (NYSE:VEEV). Century owns 88,436 shares for 0% of their portfolio. Chicago Equity Partners Limited Liability Com has invested 0.31% in Veeva Systems Inc. (NYSE:VEEV). Pub Employees Retirement Association Of Colorado stated it has 21,597 shares. Glynn Ltd Com accumulated 290,602 shares. Shell Asset reported 4,714 shares. Amundi Pioneer Asset owns 218,940 shares.

Among 16 analysts covering Veeva Systems (NYSE:VEEV), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Veeva Systems had 53 analyst reports since August 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Friday, May 26. The stock has “Buy” rating by Canaccord Genuity on Wednesday, December 6. Deutsche Bank maintained the shares of VEEV in report on Friday, May 27 with “Hold” rating. The company was maintained on Sunday, November 12 by KeyBanc Capital Markets. The rating was maintained by Canaccord Genuity on Wednesday, February 28 with “Buy”. Leerink Swann maintained the shares of VEEV in report on Wednesday, November 25 with “Market Perform” rating. As per Tuesday, January 30, the company rating was upgraded by Morgan Stanley. The firm has “Overweight” rating given on Friday, March 2 by KeyBanc Capital Markets. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, March 2. The rating was maintained by Stifel Nicolaus on Wednesday, November 23 with “Buy”.

Ithaka Group Llc, which manages about $535.35M and $557.64 million US Long portfolio, decreased its stake in Starbucks Corporation (NASDAQ:SBUX) by 202,986 shares to 5,557 shares, valued at $319,000 in 2017Q4, according to the filing. It also reduced its holding in Facebook Inc. Cl A (NASDAQ:FB) by 2,966 shares in the quarter, leaving it with 242,595 shares, and cut its stake in Biomarin Pharmaceutical (NASDAQ:BMRN).

Veeva Systems Inc. (NYSE:VEEV) Institutional Positions Chart

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