As Orbotech LTD (ORBK) Market Value Were Volatile, Westchester Capital Management LLC Has Decreased Its Stake by $15.27 Million

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Westchester Capital Management Llc decreased its stake in Orbotech Ltd. (ORBK) by 31.94% based on its latest 2018Q4 regulatory filing with the SEC. Westchester Capital Management Llc sold 272,753 shares as the company’s stock 0.00% . The institutional investor held 581,204 shares of the industrial machinery and components company at the end of 2018Q4, valued at $32.86M, down from 853,957 at the end of the previous reported quarter. Westchester Capital Management Llc who had been investing in Orbotech Ltd. for a number of months, seems to be less bullish one the $3.19 billion market cap company. It closed at $65.77 lastly. It is down 0.00% since April 11, 2018 and is . It has underperformed by 4.37% the S&P500.

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Westchester Capital Management Llc, which manages about $5.44 billion and $2.27 billion US Long portfolio, upped its stake in Nxstage Medical Inc. (NASDAQ:NXTM) by 1.10 million shares to 2.25 million shares, valued at $64.42 million in 2018Q4, according to the filing. It also increased its holding in The Blackstone Group L.P. (Put) (NYSE:BX) by 116,800 shares in the quarter, for a total of 275,600 shares, and has risen its stake in Shire Plc (NASDAQ:SHPG).

More news for Orbotech Ltd. (NASDAQ:ORBK) were recently published by: Streetinsider.com, which released: “KLA-Tencor (KLAC) Completes Acquisition of Orbotech (ORBK) – StreetInsider.com” on February 20, 2019. Nasdaq.com‘s article titled: “SCZ, INXN, CYBR, ORBK: Large Outflows Detected at ETF – Nasdaq” and published on February 13, 2019 is yet another important article.

Orbotech Ltd. (NASDAQ:ORBK) Ratings Chart