Dorsal Capital Management Has Cut Position in Tableau Software (DATA) as Stock Price Rose; Lumina Fund Management Cut Blackrock (Call) (BLK) Stake by $7.10 Million as Stock Value Rose

February 21, 2018 - By Adrian Mccoy

Lumina Fund Management Llc decreased its stake in Blackrock Inc (Call) (BLK) by 91.67% based on its latest 2017Q3 regulatory filing with the SEC. Lumina Fund Management Llc sold 16,500 shares as the company’s stock rose 1.17% with the market. The institutional investor held 1,500 shares of the finance company at the end of 2017Q3, valued at $645,000, down from 18,000 at the end of the previous reported quarter. Lumina Fund Management Llc who had been investing in Blackrock Inc (Call) for a number of months, seems to be less bullish one the $87.58 billion market cap company. The stock increased 0.28% or $1.5 during the last trading session, reaching $542.6. About 532,149 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since February 21, 2017 and is uptrending. It has underperformed by 4.51% the S&P500.

Ryan Frick decreased its stake in Tableau Software Inc (DATA) by 5% based on its latest 2017Q3 regulatory filing with the SEC. Dorsal Capital Management Llc sold 50,000 shares as the company’s stock rose 10.47% with the market. The hedge fund run by Ryan Frick held 950,000 shares of the technology company at the end of 2017Q3, valued at $71.15 million, down from 1.00 million at the end of the previous reported quarter. Dorsal Capital Management Llc who had been investing in Tableau Software Inc for a number of months, seems to be less bullish one the $6.59B market cap company. The stock increased 0.62% or $0.51 during the last trading session, reaching $82.66. About 1.04M shares traded or 18.62% up from the average. Tableau Software, Inc. (NYSE:DATA) has risen 25.71% since February 21, 2017 and is uptrending. It has outperformed by 9.01% the S&P500.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.10, from 1.28 in 2017Q2. It is positive, as 27 investors sold BLK shares while 287 reduced holdings. 103 funds opened positions while 331 raised stakes. 130.57 million shares or 0.55% more from 129.86 million shares in 2017Q2 were reported. 4,938 are held by Northwest Inv Counselors Limited Company. Cedar Hill Assocs Limited Liability Com accumulated 553 shares or 0.04% of the stock. Oppenheimer Asset Mgmt holds 0.26% or 22,772 shares in its portfolio. Bessemer Incorporated accumulated 13,599 shares. M Holdg Securities reported 0.07% in BlackRock, Inc. (NYSE:BLK). First Foundation Advsr, a California-based fund reported 48,801 shares. Sentry Invs Corp holds 0.06% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 12,500 shares. Moreover, Ftb Advsrs Inc has 0.03% invested in BlackRock, Inc. (NYSE:BLK). Johnson Financial Group Incorporated Incorporated holds 1,363 shares. Royal Bank Of Canada has invested 0.1% in BlackRock, Inc. (NYSE:BLK). Patriot Wealth Mgmt stated it has 1.16% of its portfolio in BlackRock, Inc. (NYSE:BLK). Nuveen Asset Mgmt Limited Liability Co, Illinois-based fund reported 3,794 shares. Norinchukin Savings Bank The holds 5,517 shares. Duncker Streett & has invested 0.1% in BlackRock, Inc. (NYSE:BLK). Tiedemann Wealth Limited Liability has 4,393 shares for 0.23% of their portfolio.

Lumina Fund Management Llc, which manages about $805.90M and $975.01M US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 2.03 million shares to 2.63 million shares, valued at $659.90M in 2017Q3, according to the filing. It also increased its holding in Alaska Air Group Inc (NYSE:ALK) by 6,000 shares in the quarter, for a total of 12,000 shares, and has risen its stake in Synaptics Inc (NASDAQ:SYNA).

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on April, 18. They expect $6.47 earnings per share, up 23.24% or $1.22 from last year’s $5.25 per share. BLK’s profit will be $1.04 billion for 20.97 P/E if the $6.47 EPS becomes a reality. After $6.24 actual earnings per share reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 3.69% EPS growth.

Among 18 analysts covering BlackRock (NYSE:BLK), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. BlackRock had 82 analyst reports since August 26, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Thursday, October 15 report. Deutsche Bank maintained the shares of BLK in report on Monday, January 15 with “Buy” rating. The company was maintained on Thursday, January 21 by RBC Capital Markets. The stock of BlackRock, Inc. (NYSE:BLK) has “Outperform” rating given on Thursday, September 3 by Wood. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Wednesday, October 19 by UBS. The firm has “Outperform” rating given on Thursday, October 15 by RBC Capital Markets. The company was maintained on Tuesday, July 18 by Credit Suisse. The stock has “Buy” rating by Goldman Sachs on Thursday, September 28. The stock has “Market Perform” rating by Wood on Friday, October 14. Jefferies maintained the stock with “Hold” rating in Wednesday, October 7 report.

Among 43 analysts covering Tableau Software (NYSE:DATA), 19 have Buy rating, 3 Sell and 21 Hold. Therefore 44% are positive. Tableau Software had 141 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Hold” on Friday, May 26. Bank of America maintained Tableau Software, Inc. (NYSE:DATA) on Friday, February 2 with “Buy” rating. The firm has “Sell” rating given on Wednesday, January 31 by Maxim Group. The firm has “Hold” rating by Oppenheimer given on Friday, April 7. Cowen & Co maintained it with “Hold” rating and $80.0 target in Tuesday, October 31 report. The company was maintained on Friday, February 5 by Credit Suisse. As per Wednesday, August 2, the company rating was maintained by Jefferies. RBC Capital Markets maintained Tableau Software, Inc. (NYSE:DATA) on Friday, February 3 with “Sector Perform” rating. The firm has “Overweight” rating given on Thursday, July 30 by Barclays Capital. The company was maintained on Wednesday, October 11 by RBC Capital Markets.

Dorsal Capital Management Llc, which manages about $1.15 billion and $1.92 billion US Long portfolio, upped its stake in Arris Intl Inc by 50,000 shares to 3.20 million shares, valued at $91.17 million in 2017Q3, according to the filing. It also increased its holding in Expedia Inc Del (NASDAQ:EXPE) by 50,000 shares in the quarter, for a total of 1.20M shares, and has risen its stake in Palo Alto Networks Inc (NYSE:PANW).

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