Ciena (CIEN) Shareholder John G Ullman & Associates Has Lifted Its Holding; Pitcairn Company Trimmed Its Costco Whsl New (COST) Stake as Share Value Rose

February 24, 2018 - By Nellie Frank

John G Ullman & Associates Inc increased its stake in Ciena Corp (CIEN) by 16.3% based on its latest 2017Q3 regulatory filing with the SEC. John G Ullman & Associates Inc bought 31,683 shares as the company’s stock declined 10.35% while stock markets rallied. The institutional investor held 226,033 shares of the telecommunications equipment company at the end of 2017Q3, valued at $4.97 million, up from 194,350 at the end of the previous reported quarter. John G Ullman & Associates Inc who had been investing in Ciena Corp for a number of months, seems to be bullish on the $3.37 billion market cap company. The stock increased 1.48% or $0.34 during the last trading session, reaching $23.34. About 2.04 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since February 24, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Pitcairn Company decreased its stake in Costco Whsl Corp New (COST) by 12.53% based on its latest 2017Q3 regulatory filing with the SEC. Pitcairn Company sold 2,290 shares as the company’s stock rose 1.54% with the market. The institutional investor held 15,982 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $2.63 million, down from 18,272 at the end of the previous reported quarter. Pitcairn Company who had been investing in Costco Whsl Corp New for a number of months, seems to be less bullish one the $83.35B market cap company. The stock increased 1.73% or $3.22 during the last trading session, reaching $189.81. About 1.56 million shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since February 24, 2017 and is uptrending. It has outperformed by 8.44% the S&P500.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.26, from 1.26 in 2017Q2. It dropped, as 46 investors sold CIEN shares while 79 reduced holdings. 31 funds opened positions while 94 raised stakes. 148.04 million shares or 3.07% more from 143.63 million shares in 2017Q2 were reported. University Of Notre Dame Du Lac reported 192,763 shares stake. Wedge Capital Mngmt L Limited Partnership Nc has invested 0.01% of its portfolio in Ciena Corporation (NYSE:CIEN). Ubs Oconnor holds 0.08% or 155,000 shares in its portfolio. Artemis Mgmt Limited Liability Partnership has 0.32% invested in Ciena Corporation (NYSE:CIEN). Farmers & Merchants Investments holds 296 shares. Dimensional Fund LP owns 2.83M shares. Gemmer Asset Management Limited Company invested in 0% or 313 shares. Utd Ser Automobile Association, Texas-based fund reported 221,522 shares. Etrade Mngmt Limited owns 53,948 shares. Fortaleza Asset Mngmt invested 0.22% in Ciena Corporation (NYSE:CIEN). Aqr Management Lc invested in 30,444 shares or 0% of the stock. Nomura Hldgs reported 18,416 shares. White Pine Cap Ltd Liability Corp reported 0% stake. The Ohio-based Huntington Bank & Trust has invested 0% in Ciena Corporation (NYSE:CIEN). Amalgamated Comml Bank reported 0.01% in Ciena Corporation (NYSE:CIEN).

John G Ullman & Associates Inc, which manages about $1.08 billion and $512.87M US Long portfolio, decreased its stake in Flowserve Corp (NYSE:FLS) by 63,254 shares to 82,661 shares, valued at $3.52M in 2017Q3, according to the filing.

Among 23 analysts covering Ciena (NYSE:CIEN), 20 have Buy rating, 0 Sell and 3 Hold. Therefore 87% are positive. Ciena had 80 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Ciena Corporation (NYSE:CIEN) has “Neutral” rating given on Friday, September 2 by Citigroup. Stifel Nicolaus maintained it with “Buy” rating and $30.0 target in Thursday, August 31 report. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Needham on Monday, September 18. The stock of Ciena Corporation (NYSE:CIEN) earned “Hold” rating by Drexel Hamilton on Friday, September 2. William Blair maintained the stock with “Buy” rating in Sunday, August 27 report. The firm has “Buy” rating given on Thursday, August 17 by Cowen & Co. The stock has “Buy” rating by Stifel Nicolaus on Thursday, December 7. The firm earned “Buy” rating on Monday, August 7 by Northland Capital. The rating was maintained by M Partners on Friday, December 9 with “Buy”. As per Wednesday, December 6, the company rating was maintained by Cowen & Co.

Since August 24, 2017, it had 0 insider buys, and 46 sales for $3.13 million activity. 249 shares were sold by HAMILTON RICK, worth $5,291. McFeely Scott sold $21,600 worth of stock or 1,000 shares. Shares for $53,914 were sold by ALEXANDER STEPHEN B on Monday, October 16. Shares for $48,480 were sold by MOYLAN JAMES E JR. SMITH GARY B also sold $268,473 worth of Ciena Corporation (NYSE:CIEN) on Thursday, September 21. $34,149 worth of Ciena Corporation (NYSE:CIEN) shares were sold by Phipps Jason.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.09, from 1.28 in 2017Q2. It dived, as 69 investors sold COST shares while 383 reduced holdings. 103 funds opened positions while 433 raised stakes. 304.48 million shares or 2.26% less from 311.53 million shares in 2017Q2 were reported. 713,500 are held by Tcw Group Inc Inc. Pinnacle Fincl Prtnrs Inc has invested 0.26% in Costco Wholesale Corporation (NASDAQ:COST). Morgens Waterfall Vintiadis & holds 0.38% or 2,750 shares in its portfolio. Bath Savings Trust accumulated 0.07% or 1,550 shares. Pictet & Cie (Europe) Sa holds 0.2% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 8,586 shares. The Kansas-based Creative Planning has invested 0.05% in Costco Wholesale Corporation (NASDAQ:COST). Hsbc Holding Plc holds 500,142 shares. Agf stated it has 472,308 shares. Hudock Grp Ltd accumulated 323 shares. 2,045 were accumulated by Aspiriant Limited Liability Corp. Mu Invs reported 28,500 shares. Pinebridge Limited Partnership holds 306 shares or 0% of its portfolio. Mirador Prtnrs LP reported 0.14% stake. Palo Capital holds 0.66% or 7,609 shares in its portfolio. Ontario – Canada-based Manufacturers Life The has invested 0.24% in Costco Wholesale Corporation (NASDAQ:COST).

Since September 1, 2017, it had 0 insider purchases, and 16 insider sales for $22.37 million activity. Shares for $977,510 were sold by Vachris Roland Michael on Monday, January 8. LIBENSON RICHARD M sold 20,000 shares worth $3.86 million. On Monday, December 18 Rose Timothy L. sold $966,000 worth of Costco Wholesale Corporation (NASDAQ:COST) or 5,000 shares. On Wednesday, October 25 the insider ZOOK DENNIS R sold $810,788. $937,421 worth of stock was sold by Murphy James P. on Friday, January 5. SINEGAL JAMES D sold $5.76M worth of Costco Wholesale Corporation (NASDAQ:COST) on Tuesday, September 19.

Pitcairn Company, which manages about $882.92 million US Long portfolio, upped its stake in Charter Communications Inc N by 2,396 shares to 4,345 shares, valued at $1.58 million in 2017Q3, according to the filing. It also increased its holding in Cooper Cos Inc (NYSE:COO) by 2,642 shares in the quarter, for a total of 4,774 shares, and has risen its stake in Analog Devices Inc (NASDAQ:ADI).

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