As Grubhub (GRUB) Valuation Rose, Holder Selkirk Management Cut Its Position by $1.85 Million; Graybill Bartz & Assoc LTD Trimmed Its Synopsys (SNPS) Position by $854,505; Share Value Declined

April 22, 2018 - By mmahotstuff

Synopsys, Inc. (NASDAQ:SNPS) Logo

Selkirk Management Llc decreased its stake in Grubhub Inc. (GRUB) by 16.61% based on its latest 2017Q4 regulatory filing with the SEC. Selkirk Management Llc sold 26,100 shares as the company’s stock rose 44.05% while stock markets declined. The hedge fund held 131,000 shares of the business services company at the end of 2017Q4, valued at $9.41 million, down from 157,100 at the end of the previous reported quarter. Selkirk Management Llc who had been investing in Grubhub Inc. for a number of months, seems to be less bullish one the $8.87 billion market cap company. The stock decreased 0.07% or $0.07 during the last trading session, reaching $101.67. About 816,582 shares traded. GrubHub Inc. (NYSE:GRUB) has risen 206.92% since April 22, 2017 and is uptrending. It has outperformed by 195.37% the S&P500.

Graybill Bartz & Assoc Ltd decreased its stake in Synopsys Incorporated (SNPS) by 28.93% based on its latest 2017Q4 regulatory filing with the SEC. Graybill Bartz & Assoc Ltd sold 10,053 shares as the company’s stock declined 3.41% with the market. The institutional investor held 24,698 shares of the technology company at the end of 2017Q4, valued at $2.11M, down from 34,751 at the end of the previous reported quarter. Graybill Bartz & Assoc Ltd who had been investing in Synopsys Incorporated for a number of months, seems to be less bullish one the $12.35B market cap company. The stock decreased 1.34% or $1.13 during the last trading session, reaching $83.01. About 1.31 million shares traded or 22.37% up from the average. Synopsys, Inc. (NASDAQ:SNPS) has risen 16.16% since April 22, 2017 and is uptrending. It has outperformed by 4.61% the S&P500.

Analysts await GrubHub Inc. (NYSE:GRUB) to report earnings on May, 1 before the open. They expect $0.27 earnings per share, up 12.50% or $0.03 from last year’s $0.24 per share. GRUB’s profit will be $23.54 million for 94.14 P/E if the $0.27 EPS becomes a reality. After $0.31 actual earnings per share reported by GrubHub Inc. for the previous quarter, Wall Street now forecasts -12.90% negative EPS growth.

Selkirk Management Llc, which manages about $168.83 million and $187.30M US Long portfolio, upped its stake in Powershares Qqq Trust (Put) by 125,000 shares to 150,000 shares, valued at $23.36M in 2017Q4, according to the filing.

Among 33 analysts covering Grubhub Inc (NYSE:GRUB), 17 have Buy rating, 3 Sell and 13 Hold. Therefore 52% are positive. Grubhub Inc had 127 analyst reports since July 27, 2015 according to SRatingsIntel. On Monday, January 8 the stock rating was maintained by Wells Fargo with “Hold”. Morgan Stanley maintained GrubHub Inc. (NYSE:GRUB) on Friday, February 9 with “Overweight” rating. Credit Suisse maintained it with “Buy” rating and $5000 target in Friday, August 4 report. The company was maintained on Friday, July 29 by Canaccord Genuity. The firm has “Buy” rating given on Monday, September 25 by Craig Hallum. As per Monday, August 10, the company rating was initiated by Susquehanna. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, October 26 report. The firm earned “Buy” rating on Wednesday, October 25 by Stifel Nicolaus. The company was maintained on Friday, July 29 by Mizuho. Craig Hallum maintained GrubHub Inc. (NYSE:GRUB) on Tuesday, November 21 with “Buy” rating.

Investors sentiment increased to 1.06 in 2017 Q4. Its up 0.05, from 1.01 in 2017Q3. It increased, as 24 investors sold SNPS shares while 169 reduced holdings. 72 funds opened positions while 132 raised stakes. 130.26 million shares or 1.12% less from 131.73 million shares in 2017Q3 were reported. Daiwa Secs Group Inc owns 4,585 shares or 0% of their US portfolio. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.03% in Synopsys, Inc. (NASDAQ:SNPS). New Mexico Educational Retirement Board invested in 0.05% or 14,400 shares. Us Comml Bank De holds 0.02% or 70,034 shares. Ngam Advisors Lp invested in 0.04% or 41,905 shares. Ls Invest Ltd Liability owns 8,026 shares or 0.04% of their US portfolio. 127,492 were accumulated by Stevens Capital Mgmt L P. Smith Graham & Invest LP holds 0.52% or 65,249 shares in its portfolio. Vanguard Group reported 0.06% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Lazard Asset Mgmt Ltd Limited Liability Company has invested 0.06% in Synopsys, Inc. (NASDAQ:SNPS). Parallax Volatility Advisers LP holds 0% in Synopsys, Inc. (NASDAQ:SNPS) or 5,956 shares. Connor Clark Lunn Invest Mgmt Limited accumulated 5,975 shares. Hsbc Public Limited Company owns 223,503 shares for 0.03% of their portfolio. Morgan Stanley holds 0.01% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 449,641 shares. Laurion Cap Mngmt LP stated it has 111,040 shares or 0.05% of all its holdings.

Analysts await Synopsys, Inc. (NASDAQ:SNPS) to report earnings on May, 16. They expect $0.73 EPS, up 2.82% or $0.02 from last year’s $0.71 per share. SNPS’s profit will be $108.57 million for 28.43 P/E if the $0.73 EPS becomes a reality. After $0.74 actual EPS reported by Synopsys, Inc. for the previous quarter, Wall Street now forecasts -1.35% negative EPS growth.

Synopsys, Inc. (NASDAQ:SNPS) Institutional Positions Chart

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