Gilman Hill Asset Management Boosted Its Seagate Technology Plc (STX) Stake by $4.26 Million as Stock Declined; Cognizant Technology Solutio (CTSH) Position Maintained by Whitnell & Co

February 15, 2018 - By Michael Collier

Gilman Hill Asset Management Llc increased its stake in Seagate Technology Plc (STX) by 801.91% based on its latest 2017Q3 regulatory filing with the SEC. Gilman Hill Asset Management Llc bought 129,132 shares as the company’s stock declined 9.82% while stock markets rallied. The institutional investor held 145,235 shares of the electronic components company at the end of 2017Q3, valued at $4.82M, up from 16,103 at the end of the previous reported quarter. Gilman Hill Asset Management Llc who had been investing in Seagate Technology Plc for a number of months, seems to be bullish on the $14.57B market cap company. The stock decreased 0.43% or $0.22 during the last trading session, reaching $51.15. About 1.80M shares traded. Seagate Technology plc (NASDAQ:STX) has risen 107.16% since February 15, 2017 and is uptrending. It has outperformed by 90.46% the S&P500.

Whitnell & Co increased its stake in Cognizant Technology Solutio (CTSH) by 27.71% based on its latest 2017Q3 regulatory filing with the SEC. Whitnell & Co bought 6,531 shares as the company’s stock rose 12.87% with the market. The institutional investor held 30,101 shares of the edp services company at the end of 2017Q3, valued at $2.18M, up from 23,570 at the end of the previous reported quarter. Whitnell & Co who had been investing in Cognizant Technology Solutio for a number of months, seems to be bullish on the $47.43 billion market cap company. The stock increased 0.76% or $0.61 during the last trading session, reaching $80.43. About 1.22 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since February 15, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.

Since August 15, 2017, it had 0 insider buys, and 37 selling transactions for $59.40 million activity. 479 shares were sold by Middleton Sean, worth $34,205. Another trade for 25,000 shares valued at $1.89 million was made by RAMAKRISHNAN CHANDRASEKARAN on Tuesday, January 16. $125,998 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by CHATTERJEE DEBASHIS. 32,000 shares valued at $2.30M were sold by Mehta Rajeev on Monday, September 11. $199,500 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by GOMATAM SUMITHRA. On Wednesday, August 16 the insider Veeraraghavachary Srinivasan sold $180,000.

Among 33 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 25 have Buy rating, 1 Sell and 7 Hold. Therefore 76% are positive. Cognizant Technology Solutions Corp. had 89 analyst reports since August 6, 2015 according to SRatingsIntel. On Wednesday, November 1 the stock rating was maintained by Cowen & Co with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $7700 target in Thursday, August 3 report. Cowen & Co maintained it with “Buy” rating and $80.0 target in Wednesday, September 6 report. The company was maintained on Thursday, February 8 by Nomura. On Thursday, February 8 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Outperform” rating given on Friday, January 6 by Wedbush. The rating was maintained by Cowen & Co with “Buy” on Friday, July 28. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Buy” rating given on Thursday, February 8 by Bank of America. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Underperform” rating given on Wednesday, September 14 by CLSA. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, February 7.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.27, from 0.76 in 2017Q2. It increased, as 37 investors sold CTSH shares while 296 reduced holdings. 99 funds opened positions while 244 raised stakes. 487.81 million shares or 3.03% less from 503.05 million shares in 2017Q2 were reported. Df Dent & holds 0.01% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 4,000 shares. Petrus Tru Lta, a Texas-based fund reported 180,700 shares. Commonwealth Equity reported 0.02% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Wendell David Associates owns 38,562 shares. Psagot Investment House Limited holds 37,185 shares. Raymond James And Assoc invested 0.04% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Bath Savings Tru reported 37,155 shares. Daiwa Securities Group Inc Inc Inc reported 0.05% stake. Virginia Retirement Et Al holds 0.13% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 143,300 shares. Mirae Asset Glob Limited reported 73,610 shares stake. Ledyard Bank reported 0.01% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Addenda Capital Incorporated has invested 0.55% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Parsec Inc has invested 0.07% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Moreover, Hightower Advisors Ltd Limited Liability Company has 0.08% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 123,865 shares. Liberty Capital Management Inc reported 34,588 shares stake.

Whitnell & Co, which manages about $1.15B and $229.40M US Long portfolio, decreased its stake in Kayne Anderson Mlp Invt Co (NYSE:KYN) by 20,873 shares to 186,525 shares, valued at $3.39M in 2017Q3, according to the filing.

Since October 23, 2017, it had 0 insider purchases, and 10 sales for $29.78 million activity. Shares for $339,965 were sold by Moyo Dambisa F. PARK CHONG SUP sold $218,290 worth of stock or 4,026 shares. MORTON DAVID H JR had sold 40,263 shares worth $1.96 million on Monday, January 8. LUCZO STEPHEN J had sold 341,738 shares worth $18.79M on Tuesday, January 30. MURPHY JAMES J sold $781,850 worth of stock or 14,175 shares.

Among 34 analysts covering Seagate Technology Plc (NASDAQ:STX), 8 have Buy rating, 3 Sell and 23 Hold. Therefore 24% are positive. Seagate Technology Plc had 132 analyst reports since August 4, 2015 according to SRatingsIntel. The company was initiated on Tuesday, September 29 by Sterne Agee CRT. The company was maintained on Tuesday, January 31 by Barclays Capital. The stock of Seagate Technology plc (NASDAQ:STX) has “Buy” rating given on Wednesday, January 25 by Benchmark. As per Monday, July 24, the company rating was initiated by Loop Capital Markets. The firm has “Hold” rating by Craig Hallum given on Friday, October 16. The firm earned “Equalweight” rating on Wednesday, October 14 by Barclays Capital. The firm has “Buy” rating given on Thursday, October 6 by BTIG Research. The company was maintained on Tuesday, July 25 by Benchmark. The rating was maintained by RBC Capital Markets on Monday, August 3 with “Outperform”. The rating was maintained by Citigroup with “Neutral” on Wednesday, July 26.

Gilman Hill Asset Management Llc, which manages about $250.11M and $244.17 million US Long portfolio, decreased its stake in Douglas Dynamics Inc (NYSE:PLOW) by 9,688 shares to 165,268 shares, valued at $6.51 million in 2017Q3, according to the filing.

Investors sentiment decreased to 0.78 in Q3 2017. Its down 0.52, from 1.3 in 2017Q2. It dived, as 73 investors sold STX shares while 163 reduced holdings. 57 funds opened positions while 126 raised stakes. 259.60 million shares or 1.44% more from 255.91 million shares in 2017Q2 were reported. Hanson Doremus accumulated 99,382 shares. Ameriprise Fincl invested in 274,970 shares or 0% of the stock. Riverhead Cap Ltd Liability reported 0.02% in Seagate Technology plc (NASDAQ:STX). Moreover, Koch Indus has 0.09% invested in Seagate Technology plc (NASDAQ:STX) for 11,790 shares. First Eagle Invest Management Limited Liability Corp holds 293,500 shares or 0.02% of its portfolio. Glenmede Na reported 4,569 shares or 0% of all its holdings. 108,793 were accumulated by Victory Cap Mngmt. Manufacturers Life Insurance The invested in 0.01% or 343,530 shares. Vanguard Inc owns 0.05% invested in Seagate Technology plc (NASDAQ:STX) for 31.86 million shares. South Street Advisors Ltd Llc owns 0.17% invested in Seagate Technology plc (NASDAQ:STX) for 25,960 shares. Pinnacle Hldg Lc has invested 0.01% of its portfolio in Seagate Technology plc (NASDAQ:STX). Lazard Asset Management Ltd Co holds 0% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 8,000 shares. Nikko Asset Mgmt Americas reported 101,900 shares. Wellington Group Ltd Liability Partnership has 0% invested in Seagate Technology plc (NASDAQ:STX). Axa has 10,400 shares.

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