Natixis Asset Management Upped Its Bce (BCE) Stake; Model N (MODN) Sellers Decreased By 7.02% Their Shorts

February 17, 2018 - By Adrian Erickson

Model N Incorporated (NYSE:MODN) had a decrease of 7.02% in short interest. MODN’s SI was 700,600 shares in February as released by FINRA. Its down 7.02% from 753,500 shares previously. With 585,800 avg volume, 1 days are for Model N Incorporated (NYSE:MODN)’s short sellers to cover MODN’s short positions. The stock decreased 4.48% or $0.8 during the last trading session, reaching $17.05. About 469,540 shares traded or 68.94% up from the average. Model N, Inc. (NYSE:MODN) has risen 18.66% since February 17, 2017 and is uptrending. It has outperformed by 1.96% the S&P500.

Natixis Asset Management increased Bce Inc. (BCE) stake by 974.81% reported in 2017Q3 SEC filing. Natixis Asset Management acquired 37,735 shares as Bce Inc. (BCE)’s stock declined 0.38%. The Natixis Asset Management holds 41,606 shares with $1.95 million value, up from 3,871 last quarter. Bce Inc. now has $39.50B valuation. The stock decreased 0.04% or $0.02 during the last trading session, reaching $44.49. About 804,496 shares traded. BCE Inc. (NYSE:BCE) has declined 2.36% since February 17, 2017 and is downtrending. It has underperformed by 19.06% the S&P500.

Among 9 analysts covering Model N Inc (NYSE:MODN), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Model N Inc had 11 analyst reports since February 16, 2016 according to SRatingsIntel. Craig Hallum downgraded the stock to “Hold” rating in Tuesday, December 13 report. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, November 16. The company was downgraded on Tuesday, December 12 by J.P. Morgan. JMP Securities upgraded Model N, Inc. (NYSE:MODN) rating on Wednesday, February 7. JMP Securities has “Buy” rating and $20.0 target. The stock of Model N, Inc. (NYSE:MODN) has “Buy” rating given on Tuesday, August 9 by Deutsche Bank. The firm earned “Market Perform” rating on Tuesday, August 9 by JMP Securities. Dougherty & Company reinitiated Model N, Inc. (NYSE:MODN) rating on Tuesday, December 19. Dougherty & Company has “Buy” rating and $20 target. The firm has “Buy” rating by Craig Hallum given on Tuesday, February 16. The company was upgraded on Friday, November 11 by JP Morgan.

Investors sentiment decreased to 1.62 in 2017 Q3. Its down 0.77, from 2.39 in 2017Q2. It turned negative, as 8 investors sold Model N, Inc. shares while 18 reduced holdings. 17 funds opened positions while 25 raised stakes. 16.24 million shares or 1.63% more from 15.98 million shares in 2017Q2 were reported. State Board Of Administration Of Florida Retirement Systems owns 23,502 shares or 0% of their US portfolio. Bank Of New York Mellon Corp owns 79,082 shares. Trigran Inc reported 3.32% stake. 4,356 are owned by Oppenheimer Asset Inc. Credit Suisse Ag stated it has 0% in Model N, Inc. (NYSE:MODN). Jpmorgan Chase & Com holds 0% or 15,586 shares in its portfolio. Thompson Davis And Inc reported 5,750 shares. Moreover, Goldman Sachs Grp Inc has 0% invested in Model N, Inc. (NYSE:MODN) for 18,743 shares. State Common Retirement Fund owns 216,062 shares. Menta Capital has 0.03% invested in Model N, Inc. (NYSE:MODN). Blackrock Inc holds 0% in Model N, Inc. (NYSE:MODN) or 1.13 million shares. Gsa Prtn Limited Liability Partnership holds 0.08% in Model N, Inc. (NYSE:MODN) or 74,562 shares. Intl Group Inc Inc has invested 0% in Model N, Inc. (NYSE:MODN). Millennium Mngmt Ltd Liability owns 457,545 shares. Massachusetts Fincl Service Commerce Ma holds 0% of its portfolio in Model N, Inc. (NYSE:MODN) for 616,304 shares.

Since August 15, 2017, it had 0 buys, and 1 insider sale for $84,078 activity. The insider Generalis Amelia sold 3,758 shares worth $49,981.

Model N, Inc. provides revenue management cloud solutions for the life science and technology industries. The company has market cap of $502.69 million. The firm develops applications, such as managed care and government pricing for life science companies; and channel incentives based on design wins for technology companies. It currently has negative earnings. It offers Revenue Enterprise Cloud, a set of transactional applications that serve as a system of record for, and automate the execution of revenue management processes, such as pricing, contracting, compliance, incentive, and rebate management.

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