40 North Management Stake In Ptc (PTC) Was Raised; As Validus Holdings LTD (VR) Market Valuation Declined, Holder Pax World Management Has Lowered Stake by $6.13 Million

January 14, 2018 - By Richard Conner

Pax World Management Llc decreased its stake in Validus Holdings Ltd. (VR) by 49.09% based on its latest 2017Q3 regulatory filing with the SEC. Pax World Management Llc sold 125,000 shares as the company’s stock declined 9.99% while stock markets rallied. The institutional investor held 129,652 shares of the finance company at the end of 2017Q3, valued at $6.38 million, down from 254,652 at the end of the previous reported quarter. Pax World Management Llc who had been investing in Validus Holdings Ltd. for a number of months, seems to be less bullish one the $3.82B market cap company. It closed at $46.61 lastly. It is down 10.50% since January 14, 2017 and is uptrending. It has underperformed by 6.20% the S&P500.

40 North Management Llc increased its stake in Ptc Inc (PTC) by 37.85% based on its latest 2017Q3 regulatory filing with the SEC. 40 North Management Llc bought 323,596 shares as the company’s stock rose 1.36% with the market. The institutional investor held 1.18 million shares of the prepackaged software company at the end of 2017Q3, valued at $66.33M, up from 855,000 at the end of the previous reported quarter. 40 North Management Llc who had been investing in Ptc Inc for a number of months, seems to be bullish on the $7.66 billion market cap company. The stock increased 0.21% or $0.14 during the last trading session, reaching $65.93. About 815,024 shares traded. PTC Inc. (NASDAQ:PTC) has risen 57.23% since January 14, 2017 and is uptrending. It has outperformed by 40.53% the S&P500.

Among 15 analysts covering PTC (NASDAQ:PTC), 10 have Buy rating, 1 Sell and 4 Hold. Therefore 67% are positive. PTC had 38 analyst reports since July 30, 2015 according to SRatingsIntel. J.P. Morgan downgraded the stock to “Hold” rating in Tuesday, December 12 report. Evercore maintained PTC Inc. (NASDAQ:PTC) on Monday, August 28 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $6500 target in Thursday, July 27 report. The firm has “Hold” rating given on Tuesday, August 18 by Zacks. Evercore maintained PTC Inc. (NASDAQ:PTC) on Wednesday, July 19 with “Buy” rating. The rating was maintained by Robert W. Baird with “Buy” on Thursday, August 31. RBC Capital Markets maintained PTC Inc. (NASDAQ:PTC) rating on Sunday, October 8. RBC Capital Markets has “Buy” rating and $65.0 target. The stock of PTC Inc. (NASDAQ:PTC) has “Buy” rating given on Monday, September 21 by Wedbush. Wedbush maintained it with “Outperform” rating and $56 target in Wednesday, November 9 report. The stock of PTC Inc. (NASDAQ:PTC) has “Overweight” rating given on Thursday, October 8 by KeyBanc Capital Markets.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.08, from 1.14 in 2017Q2. It worsened, as 39 investors sold PTC shares while 101 reduced holdings. 42 funds opened positions while 107 raised stakes. 87.30 million shares or 4.23% more from 83.76 million shares in 2017Q2 were reported. Vident Inv Advisory Ltd holds 0.68% or 223,957 shares in its portfolio. State Common Retirement Fund holds 0.02% in PTC Inc. (NASDAQ:PTC) or 260,900 shares. Texas Permanent School Fund owns 84,399 shares. 3.33M were accumulated by Oz Management L P. Tygh Cap Management owns 69,632 shares for 0.78% of their portfolio. Proshare Advsrs Llc has invested 0.01% in PTC Inc. (NASDAQ:PTC). Jpmorgan Chase &, a New York-based fund reported 3,124 shares. Rhumbline Advisers holds 245,089 shares or 0.03% of its portfolio. Connecticut-based Tudor Inv Et Al has invested 0.02% in PTC Inc. (NASDAQ:PTC). Metropolitan Life Ins Ny holds 0.04% or 113,949 shares in its portfolio. Pennant Capital Ltd Llc accumulated 1.44% or 416,992 shares. Quantitative Systematic Strategies Ltd Company has invested 0.13% in PTC Inc. (NASDAQ:PTC). Sei reported 194,403 shares stake. Da Davidson & holds 0.01% or 5,407 shares. Bridgeway Mngmt stated it has 0.02% in PTC Inc. (NASDAQ:PTC).

40 North Management Llc, which manages about $1.76B and $474.45 million US Long portfolio, decreased its stake in Ashland Global Hldgs Inc by 125,844 shares to 325,573 shares, valued at $21.29 million in 2017Q3, according to the filing.

Pax World Management Llc, which manages about $3.21 billion and $1.75 billion US Long portfolio, upped its stake in Procter & Gamble Co. The (NYSE:PG) by 53,800 shares to 114,875 shares, valued at $10.45M in 2017Q3, according to the filing. It also increased its holding in Brookdale Senior Living Inc. (NYSE:BKD) by 172,494 shares in the quarter, for a total of 1.15 million shares, and has risen its stake in Biogen Inc. (NASDAQ:BIIB).

Among 9 analysts covering Validus Holdings (NYSE:VR), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Validus Holdings had 16 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Monday, February 6. Wood maintained Validus Holdings, Ltd. (NYSE:VR) rating on Friday, April 28. Wood has “Hold” rating and $55 target. The firm has “Overweight” rating given on Tuesday, June 28 by JP Morgan. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, June 2. The rating was upgraded by Bank of America to “Buy” on Monday, October 30. The stock of Validus Holdings, Ltd. (NYSE:VR) has “Neutral” rating given on Monday, May 2 by Bank of America. The firm has “Buy” rating given on Monday, September 11 by Buckingham Research. The firm has “Neutral” rating given on Friday, September 23 by UBS. UBS maintained it with “Neutral” rating and $52 target in Monday, October 30 report. The stock of Validus Holdings, Ltd. (NYSE:VR) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, January 4.

Analysts await Validus Holdings, Ltd. (NYSE:VR) to report earnings on February, 1 after the close. They expect $0.86 earnings per share, up 7.50% or $0.06 from last year’s $0.8 per share. VR’s profit will be $70.50 million for 13.55 P/E if the $0.86 EPS becomes a reality. After $-3.22 actual earnings per share reported by Validus Holdings, Ltd. for the previous quarter, Wall Street now forecasts -126.71% EPS growth.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.42, from 1.34 in 2017Q2. It fall, as 41 investors sold VR shares while 71 reduced holdings. 27 funds opened positions while 76 raised stakes. 74.05 million shares or 0.50% more from 73.68 million shares in 2017Q2 were reported. Ajo Limited Partnership reported 0% stake. Pzena Invest Mngmt Llc stated it has 689,064 shares or 0.18% of all its holdings. Ny State Common Retirement Fund stated it has 0.01% of its portfolio in Validus Holdings, Ltd. (NYSE:VR). Putnam Limited Com owns 0.01% invested in Validus Holdings, Ltd. (NYSE:VR) for 67,167 shares. Carlson Capital LP reported 541,263 shares. Vanguard Inc has 6.33M shares for 0.01% of their portfolio. Systematic Ltd Partnership holds 0.2% or 204,916 shares in its portfolio. Lazard Asset Mgmt Ltd Llc holds 0.03% or 300,981 shares. The Illinois-based Envestnet Asset Mgmt has invested 0% in Validus Holdings, Ltd. (NYSE:VR). Moreover, Aqr Limited Liability Com has 0.09% invested in Validus Holdings, Ltd. (NYSE:VR). 1.68 million are held by Robeco Institutional Asset Mgmt Bv. Cap Fund Management owns 0.06% invested in Validus Holdings, Ltd. (NYSE:VR) for 163,700 shares. Naples Global Advsrs Ltd Liability Co holds 6,175 shares or 0.1% of its portfolio. Ubs Asset Management Americas reported 0% of its portfolio in Validus Holdings, Ltd. (NYSE:VR). Advisory Svcs Ntwk Lc holds 0.01% or 2,183 shares.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


>