Adelante Capital Management Has Decreased Its Stake in Ventas (VTR) by $11.14 Million; New York State Common Retirement Fund Has Cut Its Position in Verisign (VRSN) by $1.39 Million as Market Valuation Rose

May 21, 2018 - By Jonathan Benavides

VeriSign, Inc. (NASDAQ:VRSN) Logo

Adelante Capital Management Llc decreased its stake in Ventas Inc. (VTR) by 53.41% based on its latest 2017Q4 regulatory filing with the SEC. Adelante Capital Management Llc sold 185,730 shares as the company’s stock declined 18.51% with the market. The hedge fund held 162,010 shares of the consumer services company at the end of 2017Q4, valued at $9.72 million, down from 347,740 at the end of the previous reported quarter. Adelante Capital Management Llc who had been investing in Ventas Inc. for a number of months, seems to be less bullish one the $18.46B market cap company. It closed at $51.46 lastly. It is down 23.52% since May 21, 2017 and is downtrending. It has underperformed by 35.07% the S&P500.

New York State Common Retirement Fund decreased its stake in Verisign Inc (VRSN) by 4.18% based on its latest 2017Q4 regulatory filing with the SEC. New York State Common Retirement Fund sold 12,169 shares as the company’s stock rose 3.06% while stock markets declined. The institutional investor held 278,686 shares of the technology company at the end of 2017Q4, valued at $31.89 million, down from 290,855 at the end of the previous reported quarter. New York State Common Retirement Fund who had been investing in Verisign Inc for a number of months, seems to be less bullish one the $15.71 billion market cap company. The stock increased 0.24% or $0.31 during the last trading session, reaching $127.67. About 3.27 million shares traded or 179.96% up from the average. VeriSign, Inc. (NASDAQ:VRSN) has risen 35.08% since May 21, 2017 and is uptrending. It has outperformed by 23.53% the S&P500.

New York State Common Retirement Fund, which manages about $83.07 billion US Long portfolio, upped its stake in Noble Corp Plc (NYSE:NE) by 404,260 shares to 1.28 million shares, valued at $5.77M in 2017Q4, according to the filing. It also increased its holding in Zimmer Biomet Hldgs Inc (ZMH) by 6,191 shares in the quarter, for a total of 464,371 shares, and has risen its stake in Class A.

Among 6 analysts covering VeriSign (NASDAQ:VRSN), 1 have Buy rating, 2 Sell and 3 Hold. Therefore 17% are positive. VeriSign had 19 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Hold” on Thursday, August 31. On Thursday, April 5 the stock rating was maintained by Cowen & Co with “Hold”. Robert W. Baird maintained VeriSign, Inc. (NASDAQ:VRSN) rating on Friday, March 16. Robert W. Baird has “Hold” rating and $125.0 target. As per Friday, February 9, the company rating was maintained by Cowen & Co. As per Friday, October 27, the company rating was maintained by Cowen & Co. On Friday, October 6 the stock rating was maintained by Robert W. Baird with “Hold”. The stock of VeriSign, Inc. (NASDAQ:VRSN) has “Hold” rating given on Friday, October 2 by Cowen & Co. The firm has “Buy” rating by Topeka Capital Markets given on Monday, July 27. The company was maintained on Thursday, October 26 by Robert W. Baird. Citigroup maintained the shares of VRSN in report on Friday, October 27 with “Neutral” rating.

More news for VeriSign, Inc. (NASDAQ:VRSN) were recently published by: Seekingalpha.com, which released: “VeriSign, Inc. 2018 Q1 – Results – Earnings Call Slides” on April 27, 2018. Seekingalpha.com‘s article titled: “VeriSign -4.1% after Q1 beats, FY18 guide adjustments” and published on April 27, 2018 is yet another important article.

Investors sentiment increased to 0.13 in Q4 2017. Its up 0.13, from 0 in 2017Q3. It increased, as 28 investors sold VRSN shares while 2 reduced holdings. 3 funds opened positions while 1 raised stakes. 78.09 million shares or 97.38% more from 39.56 million shares in 2017Q3 were reported. Hudson Bay Cap Ltd Partnership stated it has 22.16 million shares or 1.59% of all its holdings. National Bank & Trust Of Ny Mellon reported 0% in VeriSign, Inc. (NASDAQ:VRSN). State Street accumulated 32.78M shares or 0.01% of the stock. Bankshares Of Nova Scotia reported 0.04% of its portfolio in VeriSign, Inc. (NASDAQ:VRSN). Platinum Invest Mgmt Ltd has invested 0.02% in VeriSign, Inc. (NASDAQ:VRSN). Penn Cap Mgmt, Pennsylvania-based fund reported 202,000 shares. Hbk Invests Lp accumulated 0.62% or 19.75M shares.

Analysts await VeriSign, Inc. (NASDAQ:VRSN) to report earnings on July, 26. They expect $1.03 EPS, up 4.04% or $0.04 from last year’s $0.99 per share. VRSN’s profit will be $126.78 million for 30.99 P/E if the $1.03 EPS becomes a reality. After $0.97 actual EPS reported by VeriSign, Inc. for the previous quarter, Wall Street now forecasts 6.19% EPS growth.

Among 21 analysts covering Ventas Inc. (NYSE:VTR), 2 have Buy rating, 3 Sell and 16 Hold. Therefore 10% are positive. Ventas Inc. had 65 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was initiated by BTIG Research with “Neutral” on Thursday, August 25. The rating was maintained by BMO Capital Markets on Thursday, April 13 with “Sell”. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, January 6. On Thursday, January 11 the stock rating was maintained by KeyBanc Capital Markets with “Sell”. Stifel Nicolaus maintained Ventas, Inc. (NYSE:VTR) rating on Friday, February 9. Stifel Nicolaus has “Hold” rating and $56.0 target. The rating was maintained by UBS on Friday, May 20 with “Neutral”. The firm earned “Hold” rating on Wednesday, July 13 by Argus Research. As per Friday, November 11, the company rating was upgraded by Hilliard Lyons. UBS maintained Ventas, Inc. (NYSE:VTR) rating on Monday, October 2. UBS has “Neutral” rating and $66 target. SunTrust maintained it with “Hold” rating and $59.0 target in Monday, January 22 report.

Since May 7, 2018, it had 0 buys, and 2 selling transactions for $1.86 million activity. $211,505 worth of Ventas, Inc. (NYSE:VTR) shares were sold by Barnes Melody C.

Adelante Capital Management Llc, which manages about $1.78 billion and $1.84 billion US Long portfolio, upped its stake in Equity Residential (NYSE:EQR) by 18,657 shares to 1.63M shares, valued at $103.84 million in 2017Q4, according to the filing. It also increased its holding in Vornado Realty Trust (NYSE:VNO) by 21,937 shares in the quarter, for a total of 962,529 shares, and has risen its stake in Terreno Realty Corp (NYSE:TRNO).

More notable recent Ventas, Inc. (NYSE:VTR) news were published by: Seekingalpha.com which released: “Ventas: The Cornerstone Of My Portfolio” on May 17, 2018, also Seekingalpha.com with their article: “Healthcare Operators: Which Has The Best Portfolio?” published on April 27, 2018, Investorplace.com published: “5 Top Stock Trades for Monday Morning” on April 29, 2018. More interesting news about Ventas, Inc. (NYSE:VTR) were released by: Investorplace.com and their article: “Look Here for Safe High-Yield Investments and Guaranteed Returns” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Ventas: Safe, Cheap, And Growing” with publication date: May 01, 2018.

Analysts await Ventas, Inc. (NYSE:VTR) to report earnings on July, 27. They expect $1.01 EPS, down 4.72% or $0.05 from last year’s $1.06 per share. VTR’s profit will be $362.35 million for 12.74 P/E if the $1.01 EPS becomes a reality. After $0.96 actual EPS reported by Ventas, Inc. for the previous quarter, Wall Street now forecasts 5.21% EPS growth.

Ventas, Inc. (NYSE:VTR) Institutional Positions Chart

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