State Of Tennessee Treasury Department Lifted By $1.87 Million Its Svb Finl Group (SIVB) Stake; Avid Technology (AVID)’s Sentiment Is 1.41

March 13, 2018 - By Nellie Frank

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $216.42 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

State Of Tennessee Treasury Department increased Svb Finl Group (SIVB) stake by 21.28% reported in 2017Q3 SEC filing. State Of Tennessee Treasury Department acquired 10,000 shares as Svb Finl Group (SIVB)’s stock declined 4.82%. The State Of Tennessee Treasury Department holds 57,000 shares with $10.66M value, up from 47,000 last quarter. Svb Finl Group now has $13.98 billion valuation. The stock decreased 1.20% or $3.21 during the last trading session, reaching $264.27. About 106,757 shares traded. SVB Financial Group (NASDAQ:SIVB) has risen 74.61% since March 13, 2017 and is uptrending. It has outperformed by 57.91% the S&P500.

The stock increased 2.23% or $0.1147 during the last trading session, reaching $5.2547. About 46,893 shares traded. Avid Technology, Inc. (AVID) has declined 5.06% since March 13, 2017 and is downtrending. It has underperformed by 21.76% the S&P500.

Blum Capital Partners Lp holds 100% of its portfolio in Avid Technology, Inc. for 6.56 million shares. Cove Street Capital Llc owns 6.79 million shares or 3.44% of their US portfolio. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 1.92% invested in the company for 271,144 shares. The New York-based Harvey Partners Llc has invested 0.55% in the stock. Private Capital Management Llc, a Florida-based fund reported 771,010 shares.

Analysts await Avid Technology, Inc. (NASDAQ:AVID) to report earnings on March, 22. They expect $0.23 earnings per share, down 14.81% or $0.04 from last year’s $0.27 per share. AVID’s profit will be $9.47 million for 5.71 P/E if the $0.23 EPS becomes a reality. After $0.04 actual earnings per share reported by Avid Technology, Inc. for the previous quarter, Wall Street now forecasts 475.00% EPS growth.

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.21, from 0.98 in 2017Q2. It improved, as 41 investors sold SIVB shares while 129 reduced holdings. 47 funds opened positions while 119 raised stakes. 50.21 million shares or 5.45% more from 47.61 million shares in 2017Q2 were reported. Pinebridge Investments Lp stated it has 42,030 shares. South Dakota Invest Council invested 0.04% in SVB Financial Group (NASDAQ:SIVB). Robeco Institutional Asset Mgmt Bv has 0.04% invested in SVB Financial Group (NASDAQ:SIVB). Verition Fund Llc owns 0.03% invested in SVB Financial Group (NASDAQ:SIVB) for 1,684 shares. Loomis Sayles And Company LP owns 89,077 shares. Basswood Cap Mngmt Limited Liability has invested 0.29% in SVB Financial Group (NASDAQ:SIVB). Nordea Mngmt Ab stated it has 0% of its portfolio in SVB Financial Group (NASDAQ:SIVB). Credit Agricole S A accumulated 88,189 shares. Pnc Finance Services Gru Inc invested 0% in SVB Financial Group (NASDAQ:SIVB). 4,100 were accumulated by Oakbrook Investments Ltd Liability. Ameritas Inv Partners accumulated 15,709 shares or 0.13% of the stock. Sumitomo Mitsui Trust Hldgs Inc has 147,757 shares. Winslow Asset Mgmt owns 48,252 shares. The California-based Fdx Advsrs has invested 0.03% in SVB Financial Group (NASDAQ:SIVB). Park National Oh owns 2,190 shares.

Among 17 analysts covering SVB Financial Group (NASDAQ:SIVB), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. SVB Financial Group had 59 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stephens given on Friday, January 26. Barclays Capital maintained the stock with “Overweight” rating in Friday, October 9 report. The firm has “Buy” rating given on Friday, January 26 by Maxim Group. As per Friday, August 28, the company rating was upgraded by DA Davidson. As per Friday, September 16, the company rating was initiated by JMP Securities. Piper Jaffray maintained SVB Financial Group (NASDAQ:SIVB) on Monday, August 14 with “Buy” rating. Barclays Capital downgraded SVB Financial Group (NASDAQ:SIVB) rating on Tuesday, November 1. Barclays Capital has “Equal Weight” rating and $130 target. The rating was maintained by Barclays Capital on Thursday, March 24 with “Overweight”. The firm earned “Buy” rating on Wednesday, January 10 by Maxim Group. Keefe Bruyette & Woods maintained SVB Financial Group (NASDAQ:SIVB) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $290.0 target.

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