Fir Tree Has Boosted Its Microsoft (Call) (MSFT) Position by $56.10 Million as Stock Rose; Axa Raised Its Q2 Hldgs (QTWO) Holding by $489,600; Valuation Rose

April 17, 2018 - By Richard Conner

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Axa increased its stake in Q2 Hldgs Inc (QTWO) by 14.95% based on its latest 2017Q4 regulatory filing with the SEC. Axa bought 13,600 shares as the company’s stock rose 27.52% while stock markets declined. The institutional investor held 104,600 shares of the technology company at the end of 2017Q4, valued at $3.86 million, up from 91,000 at the end of the previous reported quarter. Axa who had been investing in Q2 Hldgs Inc for a number of months, seems to be bullish on the $2.03B market cap company. The stock increased 1.47% or $0.7 during the last trading session, reaching $48.2. About 25,250 shares traded. Q2 Holdings, Inc. (NYSE:QTWO) has risen 30.54% since April 17, 2017 and is uptrending. It has outperformed by 18.99% the S&P500.

Jeffrey Tannenbaum increased its stake in Microsoft Corp (Call) (MSFT) by 63.46% based on its latest 2017Q4 regulatory filing with the SEC. Fir Tree Inc bought 660,000 shares as the company’s stock rose 4.63% while stock markets declined. The hedge fund run by Jeffrey Tannenbaum held 1.70 million shares of the prepackaged software company at the end of 2017Q4, valued at $145.42 million, up from 1.04M at the end of the previous reported quarter. Fir Tree Inc who had been investing in Microsoft Corp (Call) for a number of months, seems to be bullish on the $735.79B market cap company. The stock increased 1.48% or $1.39 during the last trading session, reaching $95.56. About 4.77 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 17, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Investors sentiment decreased to 1.15 in Q4 2017. Its down 0.30, from 1.45 in 2017Q3. It turned negative, as 13 investors sold QTWO shares while 48 reduced holdings. 24 funds opened positions while 46 raised stakes. 34.57 million shares or 1.90% more from 33.93 million shares in 2017Q3 were reported. Battery Prtnrs Ix Ltd Liability Co accumulated 698,269 shares. New York-based Bbr Ltd Llc has invested 0.05% in Q2 Holdings, Inc. (NYSE:QTWO). State Street holds 689,111 shares. Hudson Bay Capital Management LP has invested 0.01% in Q2 Holdings, Inc. (NYSE:QTWO). Rhumbline Advisers reported 29,346 shares. Fincl Bank Of New York Mellon holds 150,267 shares. Victory Capital Incorporated invested in 0.04% or 541,855 shares. Swiss Retail Bank has invested 0% in Q2 Holdings, Inc. (NYSE:QTWO). Renaissance Limited Co holds 0% of its portfolio in Q2 Holdings, Inc. (NYSE:QTWO) for 47,900 shares. Timpani Capital Ltd Limited Liability Company holds 31,930 shares. Fmr Limited Liability Corp owns 60,692 shares. Century Cos has invested 0% in Q2 Holdings, Inc. (NYSE:QTWO). Point72 Asia (Hong Kong) has 57 shares. 10,580 are owned by Lpl Fincl Ltd Llc. Teachers Retirement Systems Of The State Of Kentucky holds 18,553 shares or 0.01% of its portfolio.

Among 16 analysts covering Q2 Holdings Inc (NYSE:QTWO), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Q2 Holdings Inc had 34 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley maintained Q2 Holdings, Inc. (NYSE:QTWO) on Friday, February 16 with “Equal-Weight” rating. Canaccord Genuity maintained the stock with “Buy” rating in Sunday, July 30 report. The stock of Q2 Holdings, Inc. (NYSE:QTWO) earned “Buy” rating by Loop Capital on Friday, November 3. The rating was maintained by Needham on Friday, February 16 with “Buy”. The firm earned “Equal-Weight” rating on Friday, November 3 by Morgan Stanley. As per Thursday, August 3, the company rating was maintained by Stifel Nicolaus. The stock of Q2 Holdings, Inc. (NYSE:QTWO) earned “Buy” rating by Canaccord Genuity on Friday, August 7. RBC Capital Markets maintained the shares of QTWO in report on Friday, August 5 with “Outperform” rating. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, October 26. The stock of Q2 Holdings, Inc. (NYSE:QTWO) has “Buy” rating given on Friday, February 12 by Needham.

Since October 25, 2017, it had 0 insider purchases, and 23 insider sales for $19.19 million activity. The insider Harris Jennifer Noel sold 18,337 shares worth $803,854. 1,425 shares were sold by Benton Barry G, worth $59,850. Wittenburg Odus Edward Jr sold $1.03 million worth of stock. Seale R. H. also sold $5.35M worth of Q2 Holdings, Inc. (NYSE:QTWO) shares. $301,520 worth of stock was sold by Furrer William M on Tuesday, January 2. The insider Breeden John E sold $415,000.

Axa, which manages about $25.47B US Long portfolio, decreased its stake in Idexx Labs Inc (NASDAQ:IDXX) by 103,376 shares to 208,884 shares, valued at $32.67 million in 2017Q4, according to the filing. It also reduced its holding in Extra Space Storage Inc (NYSE:EXR) by 20,384 shares in the quarter, leaving it with 272,372 shares, and cut its stake in Sl Green Rlty Corp (NYSE:SLG).

Fir Tree Inc, which manages about $18.45 billion and $3.71 billion US Long portfolio, decreased its stake in Altaba Inc by 1.09M shares to 1.26 million shares, valued at $87.76 million in 2017Q4, according to the filing. It also reduced its holding in Hilton Grand Vacations Inc by 315,200 shares in the quarter, leaving it with 2.03M shares, and cut its stake in Halcon Res Corp.

Since February 16, 2018, it had 0 insider purchases, and 3 selling transactions for $930,912 activity.

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