Kerrisdale Advisers Has Cut Its Cognizant Technology Solutio (CTSH) Position; Trover Solutions (TROV)’s Sentiment Is 0.85

December 16, 2017 - By Henry Gaston

Kerrisdale Advisers Llc decreased Cognizant Technology Solutio (CTSH) stake by 59.4% reported in 2017Q2 SEC filing. Kerrisdale Advisers Llc sold 189,300 shares as Cognizant Technology Solutio (CTSH)’s stock rose 12.87%. The Kerrisdale Advisers Llc holds 129,396 shares with $8.59 million value, down from 318,696 last quarter. Cognizant Technology Solutio now has $42.50B valuation. The stock increased 0.38% or $0.27 during the last trading session, reaching $72.08. About 8.29M shares traded or 158.67% up from the average. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since December 16, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Trovagene, Inc., a molecular diagnostic company, focuses on the development and commercialization of proprietary molecular genetic detection technology for use in pharmaceutical development, clinical research, and medical testing in various clinical disciplines in the United States. The company has market cap of $9.63 million. The firm intends to enhance the treatment outcomes for cancer patients through its proprietary technology to detect and quantitatively monitor circulating tumor DNA using urine or blood samples. It currently has negative earnings. It offers Precision Cancer Monitoring (PCM) platform, which provides cancer monitoring by tracking and quantifying levels of ctDNA from either urine or blood samples, as well as intends to offer clinical information beyond the current standard of care.

The stock decreased 41.31% or $0.1778 during the last trading session, reaching $0.2526. About 12.99M shares traded or 1865.23% up from the average. TrovaGene, Inc. (TROV) has declined 83.95% since December 16, 2016 and is downtrending. It has underperformed by 100.65% the S&P500.

Elkhorn Partners Limited Partnership holds 0.15% of its portfolio in TrovaGene, Inc. for 182,000 shares. Messner & Smith Theme Value Investment Management Ltd Ca owns 26,925 shares or 0.06% of their US portfolio. Moreover, Windsor Financial Group Llc has 0.04% invested in the company for 62,500 shares. The New York-based Element Capital Management Llc has invested 0.03% in the stock. Princeton Capital Management Inc, a New Jersey-based fund reported 35,070 shares.

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.27, from 0.76 in 2017Q1. It is positive, as 53 investors sold CTSH shares while 330 reduced holdings. 86 funds opened positions while 205 raised stakes. 503.05 million shares or 1.75% less from 512.00 million shares in 2017Q1 were reported. Arga Investment Management Lp accumulated 89,000 shares or 0.81% of the stock. Brinker Capital accumulated 0.33% or 108,079 shares. Tortoise Invest Mngmt Ltd Liability Company reported 160 shares. Adell Harriman And Carpenter owns 0% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 8,845 shares. Vanguard Grp accumulated 40.54 million shares. Rafferty Asset Lc stated it has 0.04% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Dnb Asset Mngmt As has 0% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 2.47M shares. Jpmorgan Chase stated it has 844,318 shares. 254,792 were accumulated by Intl Gru. Md Sass Investors Svcs has invested 3.25% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Eagle Ridge Mngmt reported 101,990 shares stake. Highland Capital Mgmt Ltd Limited Liability Company invested in 0.05% or 8,695 shares. First Fincl Corporation In stated it has 17,816 shares. The Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.07% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Moreover, Daiwa Secs Gp has 0.04% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 99,091 shares.

Analysts await Cognizant Technology Solutions Corporation (NASDAQ:CTSH) to report earnings on February, 14. They expect $0.88 EPS, up 15.79% or $0.12 from last year’s $0.76 per share. CTSH’s profit will be $518.89M for 20.48 P/E if the $0.88 EPS becomes a reality. After $0.93 actual EPS reported by Cognizant Technology Solutions Corporation for the previous quarter, Wall Street now forecasts -5.38% negative EPS growth.

Since August 4, 2017, it had 0 insider purchases, and 30 selling transactions for $23.43 million activity. RAMAKRISHNAN CHANDRASEKARAN also sold $1.75 million worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. Shares for $34,205 were sold by Middleton Sean. Shaheen Allen had sold 2,358 shares worth $165,525 on Tuesday, September 5. Shares for $862,011 were sold by Breakiron-Evans Maureen. $2.30M worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Mehta Rajeev. Shares for $125,998 were sold by CHATTERJEE DEBASHIS on Tuesday, September 12. 11,560 shares valued at $830,705 were sold by KLEIN JOHN E on Tuesday, August 15.

Among 30 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 23 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Cognizant Technology Solutions Corp. had 73 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Wednesday, November 1. As per Thursday, September 10, the company rating was initiated by Suntrust Robinson. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Underperform” rating given on Wednesday, September 14 by CLSA. The rating was downgraded by William Blair on Wednesday, November 23 to “Market Perform”. The firm earned “Outperform” rating on Thursday, November 2 by BMO Capital Markets. Needham upgraded the stock to “Strong Buy” rating in Wednesday, November 1 report. The firm has “Buy” rating given on Wednesday, September 6 by Cowen & Co. The firm earned “Neutral” rating on Monday, October 3 by Citigroup. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Neutral” rating given on Thursday, September 15 by Goldman Sachs. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Hold” rating given on Thursday, June 8 by HSBC.

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