Michael & Susan Dell Foundation Trimmed Position in Aetna New (AET) by $6.90 Million as Market Valuation Declined; Pier Capital Boosted Its Dycom Industries (DY) Stake by $2.22 Million; Shares Declined

April 25, 2018 - By Clifton Ray

Aetna Inc. (NYSE:AET) Logo

Michael & Susan Dell Foundation decreased its stake in Aetna Inc New (AET) by 30.75% based on its latest 2017Q4 regulatory filing with the SEC. Michael & Susan Dell Foundation sold 38,320 shares as the company’s stock declined 6.45% with the market. The institutional investor held 86,296 shares of the medical specialities company at the end of 2017Q4, valued at $15.57M, down from 124,616 at the end of the previous reported quarter. Michael & Susan Dell Foundation who had been investing in Aetna Inc New for a number of months, seems to be less bullish one the $57.97B market cap company. The stock increased 0.06% or $0.1 during the last trading session, reaching $177.2. About 1.61M shares traded. Aetna Inc. (NYSE:AET) has risen 33.34% since April 25, 2017 and is uptrending. It has outperformed by 21.79% the S&P500.

Pier Capital Llc increased its stake in Dycom Industries Inc (DY) by 57.36% based on its latest 2017Q4 regulatory filing with the SEC. Pier Capital Llc bought 20,043 shares as the company’s stock declined 9.19% with the market. The institutional investor held 54,983 shares of the basic industries company at the end of 2017Q4, valued at $6.13 million, up from 34,940 at the end of the previous reported quarter. Pier Capital Llc who had been investing in Dycom Industries Inc for a number of months, seems to be bullish on the $3.28 billion market cap company. The stock decreased 0.24% or $0.25 during the last trading session, reaching $105.05. About 405,057 shares traded. Dycom Industries, Inc. (NYSE:DY) has risen 13.44% since April 25, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Among 24 analysts covering Aetna (NYSE:AET), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Aetna had 73 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Aetna Inc. (NYSE:AET) earned “Hold” rating by Oppenheimer on Wednesday, August 5. As per Tuesday, January 30, the company rating was maintained by Piper Jaffray. On Wednesday, December 6 the stock rating was downgraded by Argus Research to “Hold”. The firm has “Outperform” rating by Oppenheimer given on Monday, April 3. Deutsche Bank upgraded the shares of AET in report on Monday, January 22 to “Buy” rating. The company was maintained on Wednesday, January 31 by Credit Suisse. The firm earned “Outperform” rating on Friday, April 29 by RBC Capital Markets. The company was upgraded on Tuesday, September 8 by RBC Capital Markets. As per Wednesday, December 20, the company rating was downgraded by Morgan Stanley. PiperJaffray upgraded Aetna Inc. (NYSE:AET) on Wednesday, January 3 to “Overweight” rating.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.08, from 0.91 in 2017Q3. It dived, as 69 investors sold AET shares while 345 reduced holdings. 147 funds opened positions while 198 raised stakes. 275.71 million shares or 1.91% less from 281.08 million shares in 2017Q3 were reported. Bowling Portfolio Mgmt Limited Liability Corporation reported 26,429 shares. Oak Assoc Oh has invested 0.22% in Aetna Inc. (NYSE:AET). X Mngmt Co Ltd Com has 0.04% invested in Aetna Inc. (NYSE:AET) for 8,953 shares. Bluestein R H And reported 1,300 shares or 0.01% of all its holdings. Bank & Trust holds 18,544 shares. First Mercantile Tru Company invested 0.05% in Aetna Inc. (NYSE:AET). Schafer Cullen Cap Mngmt holds 0.12% or 58,143 shares in its portfolio. Amp Ltd, a Australia-based fund reported 195,005 shares. Factory Mutual Insurance has 0.36% invested in Aetna Inc. (NYSE:AET). Massachusetts-based Numeric Investors Limited has invested 0.02% in Aetna Inc. (NYSE:AET). New York-based Quantbot Techs LP has invested 0.13% in Aetna Inc. (NYSE:AET). Teacher Retirement Sys Of Texas accumulated 90,769 shares. Boston Common Asset Mgmt Limited Liability Corp owns 8,093 shares or 0.17% of their US portfolio. Kepos Cap Limited Partnership holds 0.34% or 20,812 shares. Goelzer Invest Incorporated has 0.43% invested in Aetna Inc. (NYSE:AET) for 21,245 shares.

Analysts await Aetna Inc. (NYSE:AET) to report earnings on May, 1 before the open. They expect $3.00 EPS, up 10.70% or $0.29 from last year’s $2.71 per share. AET’s profit will be $981.40 million for 14.77 P/E if the $3.00 EPS becomes a reality. After $1.25 actual EPS reported by Aetna Inc. for the previous quarter, Wall Street now forecasts 140.00% EPS growth.

Among 10 analysts covering Dycom (NYSE:DY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Dycom has $137 highest and $52 lowest target. $115.78’s average target is 10.21% above currents $105.05 stock price. Dycom had 36 analyst reports since August 27, 2015 according to SRatingsIntel. As per Friday, October 6, the company rating was maintained by Stifel Nicolaus. FBR Capital maintained the shares of DY in report on Friday, November 17 with “Buy” rating. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, December 20. The stock of Dycom Industries, Inc. (NYSE:DY) earned “Buy” rating by ValuEngine on Friday, May 26. The rating was maintained by FBR Capital on Thursday, May 25 with “Outperform”. DA Davidson upgraded it to “Buy” rating and $95 target in Tuesday, December 15 report. The rating was maintained by FBR Capital with “Outperform” on Thursday, August 25. Stifel Nicolaus reinitiated Dycom Industries, Inc. (NYSE:DY) on Tuesday, January 5 with “Buy” rating. Stifel Nicolaus maintained Dycom Industries, Inc. (NYSE:DY) on Friday, June 30 with “Buy” rating. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, October 5.

Since March 7, 2018, it had 0 insider buys, and 1 sale for $284,044 activity.

Dycom Industries, Inc. (NYSE:DY) Institutional Positions Chart

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