Nwq Investment Management Company Lowered Raytheon Co (RTN) Stake as Stock Value Rose; Mellanox Technologies LTD (MLNX) Shareholder Ion Asset Management LTD Has Boosted Position by $18.48 Million

April 21, 2018 - By Richard Conner

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Bart Baum increased its stake in Mellanox Technologies Ltd (MLNX) by 23.21% based on its latest 2017Q4 regulatory filing with the SEC. Ion Asset Management Ltd bought 288,752 shares as the company’s stock rose 12.47% while stock markets declined. The hedge fund run by Bart Baum held 1.53M shares of the technology company at the end of 2017Q4, valued at $99.18M, up from 1.24M at the end of the previous reported quarter. Ion Asset Management Ltd who had been investing in Mellanox Technologies Ltd for a number of months, seems to be bullish on the $3.95 billion market cap company. The stock decreased 1.94% or $1.5 during the last trading session, reaching $75.75. About 385,988 shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 40.78% since April 21, 2017 and is uptrending. It has outperformed by 29.23% the S&P500.

Nwq Investment Management Company Llc decreased its stake in Raytheon Co (RTN) by 3.7% based on its latest 2017Q4 regulatory filing with the SEC. Nwq Investment Management Company Llc sold 13,522 shares as the company’s stock rose 14.84% while stock markets declined. The institutional investor held 351,905 shares of the industrial machinery and components company at the end of 2017Q4, valued at $66.11 million, down from 365,427 at the end of the previous reported quarter. Nwq Investment Management Company Llc who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $65.59B market cap company. The stock decreased 0.31% or $0.71 during the last trading session, reaching $227.35. About 1.26 million shares traded. Raytheon Company (NYSE:RTN) has risen 42.32% since April 21, 2017 and is uptrending. It has outperformed by 30.77% the S&P500.

Investors sentiment increased to 1.08 in 2017 Q4. Its up 0.13, from 0.95 in 2017Q3. It is positive, as 27 investors sold MLNX shares while 37 reduced holdings. 31 funds opened positions while 38 raised stakes. 31.57 million shares or 5.92% more from 29.80 million shares in 2017Q3 were reported. Ubs Asset Management Americas invested in 0% or 22,978 shares. Hotchkis & Wiley Mgmt Ltd reported 16,284 shares. Citigroup has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Alliancebernstein LP owns 1.08 million shares. Spark Limited Liability Com owns 33,300 shares for 0.12% of their portfolio. Ngam Advsr Limited Partnership invested in 0.03% or 37,985 shares. Monetary Mgmt accumulated 0.01% or 200 shares. Herald Mgmt Limited invested 4.04% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Geode Capital Mgmt Ltd Liability Corp reported 32,241 shares or 0% of all its holdings. Fincl Bank Of Montreal Can holds 0% or 326 shares in its portfolio. Sei invested in 51,810 shares. Clearline Ltd Partnership stated it has 77,910 shares. Deutsche Savings Bank Ag holds 0% or 1,256 shares. Royal National Bank & Trust Of Canada holds 0.01% or 202,013 shares. Barclays Public Limited Company stated it has 5,736 shares.

Among 20 analysts covering Mellanox Tech (NASDAQ:MLNX), 12 have Buy rating, 1 Sell and 7 Hold. Therefore 60% are positive. Mellanox Tech had 56 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Topeka Capital Markets with “Hold” on Thursday, October 1. The stock has “Underperform” rating by Jefferies on Monday, November 21. Summit Redstone Partners initiated it with “Buy” rating and $65 target in Tuesday, June 21 report. DA Davidson maintained it with “Buy” rating and $73 target in Thursday, April 7 report. Longbow upgraded Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Friday, December 1 to “Buy” rating. The company was maintained on Thursday, January 18 by Stifel Nicolaus. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Overweight” rating given on Tuesday, December 8 by Piper Jaffray. As per Monday, May 9, the company rating was initiated by Brean Capital. Topeka Capital Markets upgraded the shares of MLNX in report on Wednesday, February 24 to “Buy” rating. Piper Jaffray maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Thursday, December 7 with “Hold” rating.

Since January 2, 2018, it had 7 insider purchases, and 8 sales for $4.28 million activity. Olson Jon A bought $32,741 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Monday, January 29. Waldman Eyal had sold 1,975 shares worth $128,825 on Thursday, February 1. On Tuesday, January 23 the insider LACEY THOMAS A bought $96,135. The insider Kagan Michael sold 2,500 shares worth $168,750. Shares for $166,593 were bought by WATERS GREGORY L on Monday, January 22. Shares for $335,000 were sold by Sultzbaugh Marc on Tuesday, January 23.

Nwq Investment Management Company Llc, which manages about $13.77B and $7.70 billion US Long portfolio, upped its stake in Allergan Plc by 88,573 shares to 225,549 shares, valued at $36.90M in 2017Q4, according to the filing. It also increased its holding in Hooker Furniture Corp (NASDAQ:HOFT) by 103,891 shares in the quarter, for a total of 1.36M shares, and has risen its stake in Apartment Invt & Mgmt Co (NYSE:AIV).

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 80 analyst reports since July 28, 2015 according to SRatingsIntel. As per Thursday, August 10, the company rating was maintained by Cowen & Co. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, November 15. The company was maintained on Thursday, January 25 by Jefferies. On Tuesday, September 29 the stock rating was upgraded by UBS to “Buy”. The firm earned “Buy” rating on Thursday, October 19 by Cowen & Co. The firm earned “Buy” rating on Friday, October 27 by Bank of America. Barclays Capital maintained it with “Equal Weight” rating and $127 target in Monday, May 2 report. As per Tuesday, April 11, the company rating was maintained by Cowen & Co. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, July 29. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Tuesday, October 31 by Buckingham Research.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on April, 26 before the open. They expect $2.09 EPS, up 20.81% or $0.36 from last year’s $1.73 per share. RTN’s profit will be $602.98 million for 27.19 P/E if the $2.09 EPS becomes a reality. After $2.03 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 2.96% EPS growth.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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