Avalon Global Asset Management Lowered Holding in Nordstrom (JWN) by $4.80 Million; Atlantic Trust Group Lifted Its Holding in Proofpoint (PFPT) by $59.21 Million as Shares Rose

June 14, 2018 - By Vivian Park

Proofpoint, Inc. (NASDAQ:PFPT) Logo

Atlantic Trust Group Llc increased its stake in Proofpoint Inc (PFPT) by 2735.25% based on its latest 2018Q1 regulatory filing with the SEC. Atlantic Trust Group Llc bought 524,020 shares as the company’s stock rose 12.74% while stock markets declined. The institutional investor held 543,178 shares of the technology company at the end of 2018Q1, valued at $61.73M, up from 19,158 at the end of the previous reported quarter. Atlantic Trust Group Llc who had been investing in Proofpoint Inc for a number of months, seems to be bullish on the $6.51B market cap company. The stock increased 2.37% or $2.96 during the last trading session, reaching $128.09. About 177,154 shares traded. Proofpoint, Inc. (NASDAQ:PFPT) has risen 38.74% since June 14, 2017 and is uptrending. It has outperformed by 26.17% the S&P500. Some Historical PFPT News: 27/03/2018 – Wombat Security Introduces New Insider Threat Training Modules; 21/05/2018 – Wombat Security Launches Second GDPR Training Module to Improve Employee Understanding of Secure Data Handling; 20/03/2018 – Global Market Survey: 77% of Businesses Expect to Fall Victim to Email Fraud in the Next 12 Months; 12/03/2018 Proofpoint Enterprise Archive 4.0 Reduces Time and Cost with Enhanced eDiscovery Visualizations, Mobile Support, and User Inter; 26/04/2018 – Proofpoint 1Q Loss/Shr 24c; 26/04/2018 – Proofpoint Sees 2018 Adj EPS $1.00-Adj EPS $1.09; 13/04/2018 – Proofpoint Group Lunch Scheduled By Wedbush for Apr. 17; 03/05/2018 – Cramer also sits down with the CEOs of Norwegian Cruise Line Holdings and Proofpoint; 27/04/2018 – PROOFPOINT INC PFPT.O : WEDBUSH RAISES TARGET PRICE TO $136 FROM $130; 26/04/2018 – Proofpoint Sees 2Q Loss/Shr 79c-Loss 73c

Avalon Global Asset Management Llc decreased its stake in Nordstrom Inc (JWN) by 50% based on its latest 2018Q1 regulatory filing with the SEC. Avalon Global Asset Management Llc sold 100,000 shares as the company’s stock declined 6.62% with the market. The hedge fund held 100,000 shares of the consumer services company at the end of 2018Q1, valued at $4.84 million, down from 200,000 at the end of the previous reported quarter. Avalon Global Asset Management Llc who had been investing in Nordstrom Inc for a number of months, seems to be less bullish one the $8.36 billion market cap company. The stock decreased 2.98% or $1.5367 during the last trading session, reaching $49.9533. About 1.61 million shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 17.06% since June 14, 2017 and is uptrending. It has outperformed by 4.49% the S&P500. Some Historical JWN News: 16/05/2018 – Nordstrom Inc expected to post earnings of 43 cents a share – Earnings Preview; 05/03/2018 – NORDSTROM REPORTS RECEIPT & REJECTION OF PROPOSAL TO BUY CO; 17/05/2018 – NORDSTROM SEES FULL-PRICE BUSINESS STABILIZING; 05/03/2018 Nordstrom And Anthropologie Announce Partnership; 20/03/2018 – Nordstrom Deepens Canada Stake With Rack Rollout; 17/05/2018 – Nordstrom 1Q EPS 51c; 05/04/2018 – ADVISORY-Ignore dated UBS research alert on Nordstrom; 14/03/2018 – johnnie-O to bring a fusion of the Southern California vibe with East Coast tradition to select Nordstrom Stores and Nordstrom; 20/03/2018 – Nordstrom Special Committee Ends Buyout Talks With Family; 17/05/2018 – NORDSTROM INC JWN.N FY SHR VIEW $3.43, REV VIEW $15.71 BLN — THOMSON REUTERS l/B/E/S

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on August, 9. They expect $0.81 earnings per share, up 24.62% or $0.16 from last year’s $0.65 per share. JWN’s profit will be $135.59 million for 15.42 P/E if the $0.81 EPS becomes a reality. After $0.51 actual earnings per share reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts 58.82% EPS growth.

Avalon Global Asset Management Llc, which manages about $132.23M and $289.77 million US Long portfolio, upped its stake in Foot Locker Inc (NYSE:FL) by 20,000 shares to 60,000 shares, valued at $2.73 million in 2018Q1, according to the filing. It also increased its holding in Ulta Beauty Inc (Call) (NASDAQ:ULTA) by 15,000 shares in the quarter, for a total of 55,000 shares, and has risen its stake in Jazz Pharmaceuticals Plc (NASDAQ:JAZZ).

Among 31 analysts covering Nordstrom Inc. (NYSE:JWN), 7 have Buy rating, 6 Sell and 18 Hold. Therefore 23% are positive. Nordstrom Inc. had 119 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, August 14 by Piper Jaffray. On Wednesday, January 10 the stock rating was maintained by Piper Jaffray with “Hold”. Susquehanna initiated the stock with “Neutral” rating in Friday, February 10 report. The firm earned “Hold” rating on Tuesday, January 23 by William Blair. RBC Capital Markets maintained Nordstrom, Inc. (NYSE:JWN) on Tuesday, October 3 with “Hold” rating. The rating was maintained by KeyBanc Capital Markets with “Outperform” on Friday, November 10. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Neutral” rating by Citigroup on Friday, August 12. As per Wednesday, October 11, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, March 5. Topeka Capital Markets maintained the shares of JWN in report on Friday, February 19 with “Buy” rating.

Investors sentiment increased to 0.99 in 2018 Q1. Its up 0.03, from 0.96 in 2017Q4. It is positive, as 35 investors sold JWN shares while 158 reduced holdings. 69 funds opened positions while 123 raised stakes. 90.21 million shares or 2.31% less from 92.34 million shares in 2017Q4 were reported. Hancock owns 0.08% invested in Nordstrom, Inc. (NYSE:JWN) for 39,096 shares. Lifeplan Gru invested 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Dupont Cap Mgmt accumulated 1,079 shares or 0% of the stock. Moreover, Covington Capital Mngmt has 0.01% invested in Nordstrom, Inc. (NYSE:JWN) for 3,378 shares. Whittier Trust Com Of Nevada Inc holds 62 shares or 0% of its portfolio. Broadview Advsr Ltd Liability Co accumulated 140,450 shares. Meeder Asset Mngmt has invested 0.09% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Blackrock owns 0.02% invested in Nordstrom, Inc. (NYSE:JWN) for 8.34M shares. Stephens Ar reported 0.01% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Financial Bank Of Nova Scotia owns 11,791 shares. San Francisco Sentry (Ca), California-based fund reported 2,240 shares. Tradewinds Capital Mgmt Ltd Limited Liability Company reported 9,701 shares. Whitnell And reported 0.21% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Federated Incorporated Pa has 0% invested in Nordstrom, Inc. (NYSE:JWN). Edge Wealth Management Ltd Llc, a New York-based fund reported 500 shares.

Since April 11, 2018, it had 0 insider purchases, and 14 selling transactions for $3.10 million activity. NORDSTROM PETER E sold $179,121 worth of stock. 9,960 shares valued at $515,032 were sold by Deputy Christine on Monday, April 30. $490,200 worth of Nordstrom, Inc. (NYSE:JWN) shares were sold by Meden Scott A. On Sunday, June 10 NORDSTROM ERIK B sold $179,087 worth of Nordstrom, Inc. (NYSE:JWN) or 3,379 shares.

More notable recent Nordstrom, Inc. (NYSE:JWN) news were published by: Bizjournals.com which released: “Exclusive: Nordstrom to close Stonestown location, leaving SF mall anchor-less” on June 06, 2018, also Seekingalpha.com with their article: “Nordstrom: Buy The Dip?” published on May 23, 2018, Seekingalpha.com published: “Nordstrom’s Surging Return On Equity: A Closer Look” on June 06, 2018. More interesting news about Nordstrom, Inc. (NYSE:JWN) were released by: Nasdaq.com and their article: “It’s Fun and Games for Dave & Buster’s Entertainment Inc” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Nordstrom lower after sales guidance arrives light” with publication date: May 17, 2018.

Atlantic Trust Group Llc, which manages about $23.01 billion US Long portfolio, decreased its stake in Bp Plc (NYSE:BP) by 8,313 shares to 68,730 shares, valued at $2.79 million in 2018Q1, according to the filing. It also reduced its holding in Rogers Corp (NYSE:ROG) by 12,110 shares in the quarter, leaving it with 52 shares, and cut its stake in Tortoise Energy Infra Corp (NYSE:TYG).

Among 31 analysts covering Proofpoint Inc (NASDAQ:PFPT), 25 have Buy rating, 1 Sell and 5 Hold. Therefore 81% are positive. Proofpoint Inc had 103 analyst reports since July 24, 2015 according to SRatingsIntel. Deutsche Bank maintained Proofpoint, Inc. (NASDAQ:PFPT) rating on Friday, September 8. Deutsche Bank has “Buy” rating and $100 target. The firm has “Outperform” rating given on Friday, July 8 by Macquarie Research. As per Friday, October 13, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating by Deutsche Bank given on Tuesday, August 11. The stock has “Outperform” rating by Wedbush on Friday, January 27. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, February 7 report. The firm has “Sell” rating given on Tuesday, August 25 by Zacks. Imperial Capital maintained Proofpoint, Inc. (NASDAQ:PFPT) on Monday, January 30 with “Outperform” rating. The stock of Proofpoint, Inc. (NASDAQ:PFPT) has “Buy” rating given on Monday, April 23 by Needham. The stock of Proofpoint, Inc. (NASDAQ:PFPT) earned “Outperform” rating by RBC Capital Markets on Monday, October 19.

Since December 18, 2017, it had 0 insider buys, and 14 sales for $14.11 million activity. The insider Hahn Eric sold 5,000 shares worth $568,185. Swaroop Bhagwat sold $88,976 worth of Proofpoint, Inc. (NASDAQ:PFPT) on Wednesday, February 14. 40,000 shares were sold by Steele Gary, worth $3.68M on Wednesday, January 3. Another trade for 4,711 shares valued at $579,307 was sold by Lee Robert Darren.

Investors sentiment decreased to 0.84 in 2018 Q1. Its down 0.49, from 1.33 in 2017Q4. It turned negative, as 31 investors sold PFPT shares while 100 reduced holdings. 45 funds opened positions while 65 raised stakes. 49.43 million shares or 0.21% less from 49.53 million shares in 2017Q4 were reported. 689,200 were reported by Pictet Asset Mngmt Ltd. Us Commercial Bank De, Minnesota-based fund reported 9,904 shares. Morgan Stanley has 0.01% invested in Proofpoint, Inc. (NASDAQ:PFPT). Parkside Natl Bank holds 114 shares or 0% of its portfolio. Eagle Asset Management holds 0.51% or 831,597 shares. Aperio Ltd Co has 8,949 shares for 0.01% of their portfolio. Columbus Circle Invsts invested in 0.36% or 155,736 shares. Massachusetts Services Com Ma stated it has 122,473 shares. Pillar Pacific Management Limited Co owns 6,800 shares or 0.09% of their US portfolio. Gam Holdings Ag stated it has 0.25% in Proofpoint, Inc. (NASDAQ:PFPT). Mirae Asset Global Invests Com Limited has 0.02% invested in Proofpoint, Inc. (NASDAQ:PFPT). Keybank National Association Oh reported 6,076 shares. Sei Invs invested in 0.03% or 65,850 shares. Tiaa Cref Mngmt Ltd Company holds 0.06% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT) for 834,899 shares. Wasatch has 726,021 shares for 1.07% of their portfolio.

Nordstrom, Inc. (NYSE:JWN) Institutional Positions Chart

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