Woodstock Has Lifted Fortinet (FTNT) Position by $858,624; Tpg-Axon Management LP Holding in Equifax (EFX) Cut by $5.70 Million as Shares Declined

May 20, 2018 - By Louis Casey

Equifax Inc. (NYSE:EFX) Logo

Woodstock Corp increased its stake in Fortinet Inc (FTNT) by 30.69% based on its latest 2017Q4 regulatory filing with the SEC. Woodstock Corp bought 19,968 shares as the company’s stock rose 21.43% while stock markets declined. The institutional investor held 85,021 shares of the technology company at the end of 2017Q4, valued at $3.72M, up from 65,053 at the end of the previous reported quarter. Woodstock Corp who had been investing in Fortinet Inc for a number of months, seems to be bullish on the $9.84 billion market cap company. The stock increased 0.39% or $0.23 during the last trading session, reaching $58.52. About 1.11 million shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 46.75% since May 20, 2017 and is uptrending. It has outperformed by 35.20% the S&P500.

Tpg-Axon Management Lp decreased its stake in Equifax Inc (EFX) by 36.9% based on its latest 2017Q4 regulatory filing with the SEC. Tpg-Axon Management Lp sold 48,710 shares as the company’s stock declined 2.76% with the market. The hedge fund held 83,290 shares of the finance company at the end of 2017Q4, valued at $9.82 million, down from 132,000 at the end of the previous reported quarter. Tpg-Axon Management Lp who had been investing in Equifax Inc for a number of months, seems to be less bullish one the $13.80 billion market cap company. The stock increased 0.03% or $0.04 during the last trading session, reaching $114.71. About 856,350 shares traded. Equifax Inc. (NYSE:EFX) has declined 14.11% since May 20, 2017 and is downtrending. It has underperformed by 25.66% the S&P500.

Analysts await Equifax Inc. (NYSE:EFX) to report earnings on July, 25. They expect $1.54 earnings per share, down 3.75% or $0.06 from last year’s $1.6 per share. EFX’s profit will be $185.24 million for 18.62 P/E if the $1.54 EPS becomes a reality. After $1.43 actual earnings per share reported by Equifax Inc. for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

Investors sentiment increased to 0.86 in Q4 2017. Its up 0.15, from 0.71 in 2017Q3. It improved, as 59 investors sold EFX shares while 154 reduced holdings. 58 funds opened positions while 125 raised stakes. 105.48 million shares or 2.69% less from 108.40 million shares in 2017Q3 were reported. Axon LP holds 11.9% or 83,290 shares in its portfolio. Teacher Retirement Systems Of Texas invested in 32,887 shares. Great Lakes Advsr Ltd Com has 0.02% invested in Equifax Inc. (NYSE:EFX). Northwestern Mutual Wealth Management Com has invested 0% in Equifax Inc. (NYSE:EFX). Rocky Mountain Advisers Lc stated it has 42 shares or 0.02% of all its holdings. Parallax Volatility Advisers Lp stated it has 0% of its portfolio in Equifax Inc. (NYSE:EFX). Jane Street Group Ltd Co reported 18,556 shares or 0.01% of all its holdings. 194 are owned by Manchester Mngmt Lc. Conning Inc reported 0.01% stake. Old Mutual Customised Solutions (Proprietary) invested 0.03% of its portfolio in Equifax Inc. (NYSE:EFX). Tiaa Cref Invest Management Ltd Co owns 0.03% invested in Equifax Inc. (NYSE:EFX) for 339,136 shares. Schroder Mgmt has invested 0.05% in Equifax Inc. (NYSE:EFX). Lourd Cap Ltd Liability reported 0.02% in Equifax Inc. (NYSE:EFX). Geode Capital Management Ltd Liability Co holds 0.05% in Equifax Inc. (NYSE:EFX) or 1.22 million shares. Burney has invested 0.11% of its portfolio in Equifax Inc. (NYSE:EFX).

Among 18 analysts covering Equifax Inc (NYSE:EFX), 9 have Buy rating, 1 Sell and 8 Hold. Therefore 50% are positive. Equifax Inc had 66 analyst reports since July 24, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $149.0 target in Friday, September 8 report. The rating was maintained by Morgan Stanley on Friday, September 8 with “Equal-Weight”. The stock of Equifax Inc. (NYSE:EFX) has “Neutral” rating given on Friday, July 24 by Robert W. Baird. The firm has “Buy” rating by Cowen & Co given on Friday, January 12. The stock has “Hold” rating by Stifel Nicolaus on Friday, March 2. The stock has “Buy” rating by Deutsche Bank on Friday, February 12. The firm has “Buy” rating given on Thursday, July 27 by Cowen & Co. The stock of Equifax Inc. (NYSE:EFX) earned “Sell” rating by Bank of America on Tuesday, April 10. Deutsche Bank maintained it with “Hold” rating and $101 target in Friday, October 23 report. Robert W. Baird maintained it with “Buy” rating and $121.0 target in Tuesday, October 3 report.

Tpg-Axon Management Lp, which manages about $5.78 billion and $82.54 million US Long portfolio, upped its stake in Centene Corp Del (NYSE:CNC) by 10,150 shares to 83,950 shares, valued at $8.47 million in 2017Q4, according to the filing.

More notable recent Equifax Inc. (NYSE:EFX) news were published by: Investingnews.com which released: “Equifax Provides Statement to SEC Regarding Data Breach” on May 08, 2018, also Seekingalpha.com with their article: “The Continuing Need For Governance Changes At Equifax” published on May 14, 2018, Seekingalpha.com published: “Equifax’ (EFX) CEO Mark Begor on Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. More interesting news about Equifax Inc. (NYSE:EFX) were released by: Bizjournals.com and their article: “Equifax excludes media from annual shareholders meeting in Atlanta” published on May 03, 2018 as well as Streetinsider.com‘s news article titled: “Equifax (EFX) Declares $0.095 Quarterly Dividend; 0.3% Yield” with publication date: May 04, 2018.

Woodstock Corp, which manages about $699.55M and $542.22 million US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 40,355 shares to 360,835 shares, valued at $6.30 million in 2017Q4, according to the filing. It also reduced its holding in Verizon Communications Inc (NYSE:VZ) by 6,655 shares in the quarter, leaving it with 147,650 shares, and cut its stake in Comcast Corp Cl A (NASDAQ:CMCSA).

Equifax Inc. (NYSE:EFX) Institutional Positions Chart

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