Sit Investment Associates Cut Stake in Accenture Plc Cl A (ACN) as Market Value Declined; Hap Trading Has Upped Stake in Oclaro (Put) (OCLR) as Market Value Rose

April 17, 2018 - By Marie Mckinney

Oclaro, Inc. (NASDAQ:OCLR) Logo

Hap Trading Llc increased its stake in Oclaro Inc (Put) (OCLR) by 1458.22% based on its latest 2017Q4 regulatory filing with the SEC. Hap Trading Llc bought 328,100 shares as the company’s stock rose 40.76% while stock markets declined. The institutional investor held 350,600 shares of the technology company at the end of 2017Q4, valued at $506,000, up from 22,500 at the end of the previous reported quarter. Hap Trading Llc who had been investing in Oclaro Inc (Put) for a number of months, seems to be bullish on the $1.45 billion market cap company. The stock increased 6.95% or $0.555 during the last trading session, reaching $8.545. About 5.15M shares traded. Oclaro, Inc. (NASDAQ:OCLR) has declined 2.03% since April 17, 2017 and is downtrending. It has underperformed by 13.58% the S&P500.

Sit Investment Associates Inc decreased its stake in Accenture Plc Cl A (ACN) by 10.58% based on its latest 2017Q4 regulatory filing with the SEC. Sit Investment Associates Inc sold 18,750 shares as the company’s stock declined 3.27% with the market. The institutional investor held 158,505 shares of the business services company at the end of 2017Q4, valued at $24.27M, down from 177,255 at the end of the previous reported quarter. Sit Investment Associates Inc who had been investing in Accenture Plc Cl A for a number of months, seems to be less bullish one the $98.93B market cap company. The stock increased 1.60% or $2.42 during the last trading session, reaching $153.84. About 816,528 shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since April 17, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Sit Investment Associates Inc, which manages about $6.54 billion and $4.19B US Long portfolio, upped its stake in Mfs Intermediate Income Trust (NYSE:MIN) by 572,815 shares to 12.79M shares, valued at $53.07M in 2017Q4, according to the filing. It also increased its holding in Salesforce.Com Inc (NYSE:CRM) by 7,115 shares in the quarter, for a total of 24,860 shares, and has risen its stake in Fiduciary/Claymore Mlp Opp Fd (FMO).

Analysts await Accenture plc (NYSE:ACN) to report earnings on June, 28. They expect $1.71 earnings per share, up 12.50% or $0.19 from last year’s $1.52 per share. ACN’s profit will be $1.10B for 22.49 P/E if the $1.71 EPS becomes a reality. After $1.58 actual earnings per share reported by Accenture plc for the previous quarter, Wall Street now forecasts 8.23% EPS growth.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 96 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Monday, March 28. The stock of Accenture plc (NYSE:ACN) earned “Outperform” rating by Wells Fargo on Friday, September 29. The rating was maintained by Cowen & Co with “Buy” on Tuesday, September 19. The firm has “Buy” rating given on Thursday, September 28 by KeyBanc Capital Markets. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, September 22. The firm has “Outperform” rating given on Friday, June 24 by RBC Capital Markets. Wedbush maintained the shares of ACN in report on Monday, April 2 with “Buy” rating. The rating was maintained by Robert W. Baird with “Neutral” on Tuesday, March 20. Argus Research upgraded Accenture plc (NYSE:ACN) on Tuesday, September 8 to “Buy” rating. Susquehanna maintained Accenture plc (NYSE:ACN) rating on Tuesday, December 26. Susquehanna has “Hold” rating and $145.0 target.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.07, from 1 in 2017Q3. It fall, as 46 investors sold ACN shares while 393 reduced holdings. 108 funds opened positions while 300 raised stakes. 456.89 million shares or 1.00% less from 461.53 million shares in 2017Q3 were reported. Park National Oh stated it has 30,220 shares or 0.26% of all its holdings. Pinnacle Prns owns 6,459 shares or 0.1% of their US portfolio. 1.27M are held by Mitsubishi Ufj & Banking Corp. The New York-based Element Mngmt Ltd Liability Com has invested 0.55% in Accenture plc (NYSE:ACN). Ardevora Asset Management Llp holds 199,100 shares or 0.92% of its portfolio. Calamos Advsr Limited Com reported 0.15% stake. Pitcairn Com reported 0.03% in Accenture plc (NYSE:ACN). Silvercrest Asset Mgmt Limited Liability Company owns 56,651 shares. 97,001 are held by Cadinha & Ltd Liability. Cibc World stated it has 41,851 shares or 0.03% of all its holdings. Cibc National Bank & Trust Usa, Illinois-based fund reported 14,275 shares. Jolley Asset Llc holds 0.02% in Accenture plc (NYSE:ACN) or 230 shares. Finemark Fincl Bank has invested 0.06% in Accenture plc (NYSE:ACN). Tower Research Ltd Llc (Trc) holds 4,213 shares. Walleye Trading Lc holds 14,349 shares.

Hap Trading Llc, which manages about $2.39 billion US Long portfolio, decreased its stake in Energy Transfer Partners Lp by 18,624 shares to 208,876 shares, valued at $3.74 million in 2017Q4, according to the filing. It also reduced its holding in Wisdomtree Tr (HEDJ) by 33,242 shares in the quarter, leaving it with 12,779 shares, and cut its stake in Sodastream International Ltd (NASDAQ:SODA).

Among 20 analysts covering Oclaro Inc (NASDAQ:OCLR), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. Oclaro Inc had 61 analyst reports since August 18, 2015 according to SRatingsIntel. The stock has “Buy” rating by Craig Hallum on Thursday, December 3. The firm has “Buy” rating given on Thursday, August 24 by Needham. Northland Capital maintained the stock with “Buy” rating in Friday, September 15 report. As per Tuesday, September 19, the company rating was maintained by Cowen & Co. The rating was maintained by M Partners on Wednesday, November 2 with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, November 2. The stock of Oclaro, Inc. (NASDAQ:OCLR) earned “Outperform” rating by Northland Capital on Thursday, November 19. The firm has “Buy” rating given on Monday, February 5 by Piper Jaffray. The stock of Oclaro, Inc. (NASDAQ:OCLR) earned “Buy” rating by Stifel Nicolaus on Wednesday, January 24. Craig Hallum downgraded the shares of OCLR in report on Thursday, November 2 to “Hold” rating.

Oclaro, Inc. (NASDAQ:OCLR) Institutional Positions Chart

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