Maryland Capital Management Has Decreased Its Position in Microsoft (MSFT) by $2.45 Million; Granahan Investment Management Increases Position in Wix Com (WIX)

February 17, 2018 - By Kurt Siggers

Granahan Investment Management Inc increased its stake in Wix Com (WIX) by 29% based on its latest 2017Q3 regulatory filing with the SEC. Granahan Investment Management Inc bought 44,677 shares as the company’s stock rose 15.82% with the market. The hedge fund held 198,742 shares of the programming company at the end of 2017Q3, valued at $14.28 million, up from 154,065 at the end of the previous reported quarter. Granahan Investment Management Inc who had been investing in Wix Com for a number of months, seems to be bullish on the $3.44 billion market cap company. The stock increased 1.34% or $1 during the last trading session, reaching $75.6. About 952,604 shares traded or 53.49% up from the average. Wix.com Ltd. (NASDAQ:WIX) has risen 188.42% since February 17, 2017 and is uptrending. It has outperformed by 171.72% the S&P500.

Maryland Capital Management decreased its stake in Microsoft Corp (MSFT) by 8.69% based on its latest 2017Q3 regulatory filing with the SEC. Maryland Capital Management sold 33,089 shares as the company’s stock rose 4.75% with the market. The institutional investor held 347,726 shares of the prepackaged software company at the end of 2017Q3, valued at $25.90M, down from 380,815 at the end of the previous reported quarter. Maryland Capital Management who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $708.38B market cap company. The stock decreased 0.71% or $0.66 during the last trading session, reaching $92. About 30.60M shares traded or 7.87% up from the average. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since February 17, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

Among 14 analysts covering Wix.com (NASDAQ:WIX), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Wix.com had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Wix.com Ltd. (NASDAQ:WIX) earned “Buy” rating by Deutsche Bank on Wednesday, September 2. The firm earned “Neutral” rating on Wednesday, September 21 by JP Morgan. The rating was downgraded by Wedbush to “Neutral” on Thursday, November 9. On Friday, September 23 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. KeyBanc Capital Markets maintained Wix.com Ltd. (NASDAQ:WIX) rating on Monday, August 21. KeyBanc Capital Markets has “Buy” rating and $88.0 target. Northland Capital maintained Wix.com Ltd. (NASDAQ:WIX) rating on Thursday, September 21. Northland Capital has “Buy” rating and $75.0 target. The rating was maintained by Oppenheimer on Thursday, November 9 with “Outperform”. Oppenheimer maintained Wix.com Ltd. (NASDAQ:WIX) on Tuesday, July 25 with “Buy” rating. Barclays Capital maintained Wix.com Ltd. (NASDAQ:WIX) on Thursday, November 9 with “Overweight” rating. As per Thursday, November 2, the company rating was maintained by RBC Capital Markets.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.15, from 0.81 in 2017Q2. It increased, as 37 investors sold WIX shares while 35 reduced holdings. 18 funds opened positions while 51 raised stakes. 34.13 million shares or 14.13% more from 29.90 million shares in 2017Q2 were reported. Telemark Asset Mgmt Ltd reported 0.74% of its portfolio in Wix.com Ltd. (NASDAQ:WIX). Lord Abbett & Limited Liability Company holds 288,450 shares or 0.06% of its portfolio. Granite Invest Lc invested in 230,014 shares. 21,500 were accumulated by Symmetry Peak Mngmt Ltd Llc. Massachusetts-based Acadian Asset Mgmt Ltd Co has invested 0% in Wix.com Ltd. (NASDAQ:WIX). Moreover, Exane Derivatives has 0.86% invested in Wix.com Ltd. (NASDAQ:WIX). Nationwide Fund Advsr invested in 18,880 shares. Boothbay Fund Mgmt Ltd Liability Corporation reported 41,118 shares. Renaissance Tech Ltd Co reported 0.21% of its portfolio in Wix.com Ltd. (NASDAQ:WIX). The Texas-based United Automobile Association has invested 0.01% in Wix.com Ltd. (NASDAQ:WIX). Morgan Stanley has 4,295 shares. 269,837 are held by Ion Asset Mngmt Limited. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 5,380 shares. Point72 Asset Mngmt Ltd Partnership invested in 109,800 shares. Bank Of New York Mellon, New York-based fund reported 20,953 shares.

Granahan Investment Management Inc, which manages about $3.81B and $1.20B US Long portfolio, decreased its stake in Proofpoint (NASDAQ:PFPT) by 3,507 shares to 27,087 shares, valued at $2.36M in 2017Q3, according to the filing. It also reduced its holding in Sangamo Biosciences (NASDAQ:SGMO) by 241,769 shares in the quarter, leaving it with 465,090 shares, and cut its stake in Abiomed (NASDAQ:ABMD).

Since August 29, 2017, it had 0 insider buys, and 2 insider sales for $5.98 million activity. 55,000 shares valued at $4.00 million were sold by Hood Amy on Tuesday, August 29.

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.01, from 0.82 in 2017Q2. It increased, as 40 investors sold MSFT shares while 952 reduced holdings. 114 funds opened positions while 708 raised stakes. 5.51 billion shares or 0.32% less from 5.53 billion shares in 2017Q2 were reported. First Fiduciary Invest Counsel accumulated 221,073 shares or 3.01% of the stock. Shayne Co Ltd Liability Com reported 19,795 shares stake. The Illinois-based Northern Corp has invested 1.86% in Microsoft Corporation (NASDAQ:MSFT). Reilly Advsrs owns 0.19% invested in Microsoft Corporation (NASDAQ:MSFT) for 17,278 shares. First Manhattan reported 3.13% stake. 76,292 are held by Lyons Wealth Mgmt Limited. Majedie Asset Management holds 1.05% in Microsoft Corporation (NASDAQ:MSFT) or 172,986 shares. The Arkansas-based Lathrop Management Corp has invested 4.52% in Microsoft Corporation (NASDAQ:MSFT). Swarthmore Grp Incorporated holds 1.2% or 70,375 shares. Buckingham Asset Mngmt Limited Co stated it has 1.21% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Numeric Investors Limited Liability reported 460,370 shares. Guinness Asset Mgmt Ltd has 2.66% invested in Microsoft Corporation (NASDAQ:MSFT) for 170,430 shares. Moreover, Checchi Cap Advisers Limited Liability has 0.58% invested in Microsoft Corporation (NASDAQ:MSFT). Verition Fund Mngmt Ltd Liability Co holds 0.06% or 9,504 shares in its portfolio. Northeast Financial Consultants reported 10,100 shares.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 167 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Thursday, February 1 by Stifel Nicolaus. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Stifel Nicolaus on Friday, January 27. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Monday, October 2 by Piper Jaffray. The firm has “Overweight” rating given on Thursday, January 25 by Barclays Capital. The firm has “Outperform” rating given on Friday, October 21 by William Blair. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Neutral” rating by Atlantic Securities on Thursday, November 10. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, July 20. The rating was initiated by Piper Jaffray with “Overweight” on Thursday, December 22. Jefferies maintained Microsoft Corporation (NASDAQ:MSFT) on Tuesday, June 13 with “Sell” rating. As per Friday, October 27, the company rating was maintained by Canaccord Genuity.

Maryland Capital Management, which manages about $795.96M and $648.98M US Long portfolio, upped its stake in Celgene Corp (NASDAQ:CELG) by 81,287 shares to 84,197 shares, valued at $12.28 million in 2017Q3, according to the filing.

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