As Syntel (Put) (SYNT) Market Valuation Declined, Sandler Capital Management Has Lifted by $1.55 Million Its Position; Oracle (ORCL) Shareholder Saturna Capital Increased Position

February 15, 2018 - By Marguerite Chambers

Saturna Capital Corp increased its stake in Oracle (ORCL) by 1.11% based on its latest 2017Q3 regulatory filing with the SEC. Saturna Capital Corp bought 7,450 shares as the company’s stock rose 5.35% with the market. The institutional investor held 676,602 shares of the prepackaged software company at the end of 2017Q3, valued at $32.73M, up from 669,152 at the end of the previous reported quarter. Saturna Capital Corp who had been investing in Oracle for a number of months, seems to be bullish on the $208.22 billion market cap company. The stock increased 1.72% or $0.85 during the last trading session, reaching $50.3. About 7.09 million shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since February 15, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Andrew Sandler increased its stake in Syntel Inc (Put) (SYNT) by 13.19% based on its latest 2017Q3 regulatory filing with the SEC. Sandler Capital Management bought 81,500 shares as the company’s stock declined 0.75% while stock markets rallied. The hedge fund run by Andrew Sandler held 699,400 shares of the technology company at the end of 2017Q3, valued at $13.74M, up from 617,900 at the end of the previous reported quarter. Sandler Capital Management who had been investing in Syntel Inc (Put) for a number of months, seems to be bullish on the $2.12B market cap company. The stock increased 16.80% or $3.68 during the last trading session, reaching $25.59. About 1.09 million shares traded or 177.40% up from the average. Syntel, Inc. (NASDAQ:SYNT) has declined 32.64% since February 15, 2017 and is downtrending. It has underperformed by 49.34% the S&P500.

Since August 29, 2017, it had 0 insider buys, and 8 selling transactions for $77,278 activity. The insider Andradi Ben sold $4,107. Aggarwal Rahul B. sold $23,632 worth of Syntel, Inc. (NASDAQ:SYNT) on Wednesday, October 25. Another trade for 61 shares valued at $1,553 was sold by Gangidi Narendar Reddy.

Sandler Capital Management, which manages about $3.75 billion and $803.27M US Long portfolio, decreased its stake in Sherwin Williams Co (NYSE:SHW) by 5,450 shares to 22,200 shares, valued at $7.95 million in 2017Q3, according to the filing. It also reduced its holding in Healthcare Tr Amer Inc (NYSE:HTA) by 88,268 shares in the quarter, leaving it with 23,550 shares, and cut its stake in Exponent Inc (NASDAQ:EXPO).

Among 12 analysts covering Syntel Inc. (NASDAQ:SYNT), 1 have Buy rating, 1 Sell and 10 Hold. Therefore 8% are positive. Syntel Inc. had 33 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by William Blair on Wednesday, October 18. The company was maintained on Tuesday, October 17 by SunTrust. On Friday, October 21 the stock rating was maintained by Needham with “Buy”. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Outperform” rating given on Thursday, August 20 by Robert W. Baird. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Hold” rating given on Friday, October 16 by Cantor Fitzgerald. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Buy” rating by SunTrust on Thursday, September 10. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Buy” rating given on Wednesday, October 5 by SunTrust. The company was maintained on Tuesday, October 3 by Robert W. Baird. The stock has “Hold” rating by SunTrust on Monday, October 24. The rating was downgraded by Suntrust Robinson to “Hold” on Monday, October 24.

Investors sentiment increased to 1.71 in Q3 2017. Its up 0.47, from 1.24 in 2017Q2. It is positive, as 10 investors sold SYNT shares while 31 reduced holdings. 25 funds opened positions while 45 raised stakes. 29.77 million shares or 4.49% more from 28.49 million shares in 2017Q2 were reported. Mhr Fund Mgmt Ltd Llc invested 0.12% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Legal General Gru Public Ltd holds 0% or 11,938 shares in its portfolio. 11,341 are held by Peak6 Invs L P. 50,752 were reported by New York State Common Retirement Fund. Clearline Lp owns 0.38% invested in Syntel, Inc. (NASDAQ:SYNT) for 26,815 shares. State Board Of Administration Of Florida Retirement accumulated 0% or 17,179 shares. Freestone Lc has 754,206 shares for 1.05% of their portfolio. State Bank Of Montreal Can invested in 3,316 shares. Ipg Investment Advisors Ltd invested 3.54% in Syntel, Inc. (NASDAQ:SYNT). Secor Cap Advisors LP reported 60,726 shares. Fil has invested 0.02% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Denali owns 203 shares or 0% of their US portfolio. 27,964 were reported by Shell Asset Mgmt. Hikari Limited holds 31,270 shares. Credit Suisse Ag reported 46,353 shares.

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.18, from 0.95 in 2017Q2. It is positive, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. Fic accumulated 4,850 shares or 0.09% of the stock. Amg National Comml Bank reported 41,274 shares or 0.14% of all its holdings. King Luther Mgmt Corp holds 0.44% or 1.03 million shares in its portfolio. Northpointe Ltd Limited Liability Company, Michigan-based fund reported 64,850 shares. Fairfield Bush & Comm reported 222,035 shares. Liberty Mutual Grp Asset reported 0.32% of its portfolio in Oracle Corporation (NYSE:ORCL). Ohio-based Torch Wealth Mgmt Ltd Liability Corporation has invested 2.05% in Oracle Corporation (NYSE:ORCL). Plancorp Llc holds 0.06% or 4,461 shares in its portfolio. Water Island Capital Limited Liability reported 4,923 shares. Fifth Third Bank, Ohio-based fund reported 982,807 shares. M&T Bancorporation Corp reported 1.32 million shares stake. Nadler Financial has invested 0.51% in Oracle Corporation (NYSE:ORCL). Pathstone Family Office Limited Liability Company has invested 0.03% in Oracle Corporation (NYSE:ORCL). Causeway Cap Mngmt Lc has invested 2.84% of its portfolio in Oracle Corporation (NYSE:ORCL). Appleton Ptnrs Incorporated Ma has 0.05% invested in Oracle Corporation (NYSE:ORCL) for 6,346 shares.

Saturna Capital Corp, which manages about $3.98 billion and $3.09B US Long portfolio, decreased its stake in Glaxosmithkline Ads (NYSE:GSK) by 57,793 shares to 354,507 shares, valued at $14.39 million in 2017Q3, according to the filing. It also reduced its holding in United Parcel Service Class B (NYSE:UPS) by 69,600 shares in the quarter, leaving it with 192,394 shares, and cut its stake in Church & Dwight (NYSE:CHD).

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