Appleton Partners Has Lowered Its General Electric Co Com (GE) Holding by $1.79 Million; Stock Declined; Guidewire Software (GWRE) Shareholder Firsthand Capital Management Has Raised Its Stake by $3.70 Million

May 24, 2018 - By Hazel Jackson

General Electric Company (NYSE:GE) Logo

Appleton Partners Inc decreased its stake in General Electric Co Com (GE) by 46.25% based on its latest 2017Q4 regulatory filing with the SEC. Appleton Partners Inc sold 105,473 shares as the company’s stock declined 23.20% with the market. The institutional investor held 122,558 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.14M, down from 228,031 at the end of the previous reported quarter. Appleton Partners Inc who had been investing in General Electric Co Com for a number of months, seems to be less bullish one the $123.16 billion market cap company. The stock decreased 7.26% or $1.11 during the last trading session, reaching $14.18. About 147.34M shares traded or 102.94% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 24, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Firsthand Capital Management Inc increased its stake in Guidewire Software Inc. (GWRE) by 1000% based on its latest 2017Q4 regulatory filing with the SEC. Firsthand Capital Management Inc bought 50,000 shares as the company’s stock rose 8.79% while stock markets declined. The institutional investor held 55,000 shares of the technology company at the end of 2017Q4, valued at $4.08M, up from 5,000 at the end of the previous reported quarter. Firsthand Capital Management Inc who had been investing in Guidewire Software Inc. for a number of months, seems to be bullish on the $7.37 billion market cap company. The stock increased 0.61% or $0.56 during the last trading session, reaching $92.26. About 457,241 shares traded. Guidewire Software, Inc. (NYSE:GWRE) has risen 42.07% since May 24, 2017 and is uptrending. It has outperformed by 30.52% the S&P500.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained General Electric Company (NYSE:GE) on Tuesday, November 21 with “Sell” rating. The rating was maintained by Cowen & Co with “Hold” on Thursday, October 19. The company was maintained on Tuesday, August 25 by Deutsche Bank. The firm has “Buy” rating given on Monday, November 13 by Langenberg. The firm has “Equal-Weight” rating given on Tuesday, July 25 by Morgan Stanley. The stock has “Outperform” rating by RBC Capital Markets on Monday, April 24. Bank of America maintained it with “Buy” rating and $23 target in Tuesday, November 14 report. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, June 13 report. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Stifel Nicolaus on Friday, April 27. S&P Research maintained General Electric Company (NYSE:GE) on Wednesday, October 14 with “Buy” rating.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE: Exhaustion In A Corporate Restructuring” on May 21, 2018, also Bizjournals.com with their article: “GE loses $9B in value as CEO talks energy struggles, dividend” published on May 24, 2018, Seekingalpha.com published: “3D printing for the military at GE” on May 02, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE’s Share Slide – A Buying Opportunity” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan: GE short of healthy balance sheet” with publication date: May 22, 2018.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 19.69 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It fall, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Keating Investment Counselors Inc reported 230,099 shares or 1.71% of all its holdings. Beese Fulmer Investment Mgmt has invested 0.73% in General Electric Company (NYSE:GE). First Foundation Advsr holds 41,482 shares or 0.04% of its portfolio. 2.65M are held by State Treasurer State Of Michigan. Amg Funds Limited Liability Corp reported 0.52% of its portfolio in General Electric Company (NYSE:GE). Independent Invsts has 0.61% invested in General Electric Company (NYSE:GE). Asset Mgmt Incorporated accumulated 1.42 million shares or 0.41% of the stock. Crawford Invest Counsel holds 0.07% of its portfolio in General Electric Company (NYSE:GE) for 129,601 shares. California-based Covington Management has invested 0.58% in General Electric Company (NYSE:GE). Zacks Investment Mngmt has invested 0.01% in General Electric Company (NYSE:GE). Td Cap Management Limited Com owns 8,028 shares. Main Street Research Llc owns 21,398 shares. Mitsubishi Ufj Securities Holding Limited holds 0% or 30 shares in its portfolio. Portland Glob Advsr Limited Liability Company owns 89,788 shares. Hap Trading Llc has 0.13% invested in General Electric Company (NYSE:GE) for 175,163 shares.

Since January 26, 2018, it had 1 buy, and 0 selling transactions for $43,446 activity.

Appleton Partners Inc, which manages about $6.06 billion and $644.73 million US Long portfolio, upped its stake in Broadcom Ltd Shs by 1,461 shares to 21,812 shares, valued at $5.60M in 2017Q4, according to the filing. It also increased its holding in Jpmorgan Chase & Co Com (NYSE:JPM) by 4,262 shares in the quarter, for a total of 157,613 shares, and has risen its stake in Schwab Strategic Tr Us Lrg Cap (SCHX).

Among 13 analysts covering Guidewire Software (NYSE:GWRE), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Guidewire Software had 36 analyst reports since September 1, 2015 according to SRatingsIntel. The stock of Guidewire Software, Inc. (NYSE:GWRE) has “Overweight” rating given on Wednesday, June 1 by Piper Jaffray. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, August 23. The rating was initiated by Goldman Sachs on Tuesday, October 4 with “Neutral”. On Tuesday, September 5 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The rating was upgraded by Citigroup to “Buy” on Friday, October 30. Bank of America maintained Guidewire Software, Inc. (NYSE:GWRE) on Thursday, September 7 with “Neutral” rating. The firm has “Overweight” rating given on Tuesday, June 13 by Jefferies. Stifel Nicolaus maintained it with “Hold” rating and $88 target in Wednesday, March 7 report. Piper Jaffray upgraded it to “Buy” rating and $7500 target in Tuesday, June 13 report. The stock of Guidewire Software, Inc. (NYSE:GWRE) has “Hold” rating given on Friday, June 2 by Stifel Nicolaus.

Since December 11, 2017, it had 0 buys, and 42 selling transactions for $14.93 million activity. 7,566 shares were sold by Hart Richard, worth $552,292 on Tuesday, December 19. Ryu Marcus had sold 19,705 shares worth $1.56M. Polelle Michael sold $246,857 worth of stock. Shares for $10,448 were sold by Hung Priscilla. $402,623 worth of stock was sold by Sherry Steven P. on Monday, March 19. Shares for $165,412 were sold by King James Winston.

More recent Guidewire Software, Inc. (NYSE:GWRE) news were published by: Seekingalpha.com which released: “Zuora: An Interesting Niche, But A Fully Valued IPO” on April 30, 2018. Also Businesswire.com published the news titled: “Guidewire Announces Availability of its First P&C Insurance CRM Applications for Salesforce Financial Services Cloud” on May 14, 2018. Globenewswire.com‘s news article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Guidewire Software, THL Credit, Oil States …” with publication date: April 27, 2018 was also an interesting one.

General Electric Company (NYSE:GE) Institutional Positions Chart

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