Align Technology Com (ALGN) Valuation Rose While Goodman Financial Lowered Its Position by $1.49 Million; Qci Asset Management Has Trimmed Holding in Johnson & Johnson (JNJ) as Share Value Rose

February 15, 2018 - By Winifred Garcia

Goodman Financial Corp decreased its stake in Align Technology Inc Com (ALGN) by 11.63% based on its latest 2017Q3 regulatory filing with the SEC. Goodman Financial Corp sold 7,984 shares as the company’s stock rose 36.03% with the market. The institutional investor held 60,640 shares of the health care company at the end of 2017Q3, valued at $11.30M, down from 68,624 at the end of the previous reported quarter. Goodman Financial Corp who had been investing in Align Technology Inc Com for a number of months, seems to be less bullish one the $20.16 billion market cap company. The stock increased 2.05% or $5.06 during the last trading session, reaching $251.4. About 889,839 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since February 15, 2017 and is uptrending. It has outperformed by 65.52% the S&P500.

Qci Asset Management Inc decreased its stake in Johnson & Johnson (JNJ) by 3.79% based on its latest 2017Q3 regulatory filing with the SEC. Qci Asset Management Inc sold 5,360 shares as the company’s stock rose 6.85% with the market. The institutional investor held 135,910 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $17.67 million, down from 141,270 at the end of the previous reported quarter. Qci Asset Management Inc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $350.24B market cap company. The stock increased 0.54% or $0.7 during the last trading session, reaching $130.37. About 2.62M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since February 15, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Tuesday, June 14 by Jefferies. The stock of Johnson & Johnson (NYSE:JNJ) has “Overweight” rating given on Tuesday, December 1 by Barclays Capital. The firm earned “Hold” rating on Tuesday, August 15 by Jefferies. Societe Generale initiated the stock with “Hold” rating in Wednesday, April 6 report. The rating was initiated by Atlantic Securities with “Neutral” on Friday, December 18. RBC Capital Markets maintained it with “Buy” rating and $144.0 target in Friday, September 22 report. The firm has “Buy” rating by Citigroup given on Monday, October 23. Stifel Nicolaus maintained Johnson & Johnson (NYSE:JNJ) on Tuesday, July 18 with “Hold” rating. The firm has “Buy” rating given on Wednesday, October 18 by RBC Capital Markets. The firm has “Buy” rating by Wells Fargo given on Friday, January 12.

Qci Asset Management Inc, which manages about $2.52 billion and $898.04 million US Long portfolio, upped its stake in Universal Display Corporation (NASDAQ:OLED) by 4,449 shares to 70,988 shares, valued at $9.15 million in 2017Q3, according to the filing. It also increased its holding in Albemarle Corp (NYSE:ALB) by 64,103 shares in the quarter, for a total of 64,403 shares, and has risen its stake in Granite Construction Inc (NYSE:GVA).

Investors sentiment is 0.83 in Q3 2017. Its the same as in 2017Q2. It is without change, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. 1.71 billion shares or 0.90% less from 1.73 billion shares in 2017Q2 were reported. Glg Lc holds 134,166 shares. Jarislowsky Fraser owns 1.60 million shares. Veritas Invest Mngmt Limited Liability Partnership holds 0.06% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 3,530 shares. Carlson Capital Mgmt holds 0.35% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 9,237 shares. Duff And Phelps Inv Comm holds 30,195 shares or 0.06% of its portfolio. Horizon Ltd, a North Carolina-based fund reported 17,940 shares. Gsa Capital Prtn Llp stated it has 28,268 shares or 0.25% of all its holdings. Fukoku Mutual Life Ins has 0.22% invested in Johnson & Johnson (NYSE:JNJ) for 11,550 shares. Rowland & Inv Counsel Adv stated it has 4.02% of its portfolio in Johnson & Johnson (NYSE:JNJ). Primecap Mgmt Communication Ca has invested 0.1% in Johnson & Johnson (NYSE:JNJ). Jaffetilchin Prtn Limited Liability Com owns 3,352 shares or 0.1% of their US portfolio. Ubs Asset Americas, Illinois-based fund reported 9.17 million shares. Massachusetts-based Baystate Wealth Mgmt Ltd has invested 0.63% in Johnson & Johnson (NYSE:JNJ). Bradley Foster And Sargent Ct owns 417,829 shares. Cibc Ww accumulated 1.16 million shares.

Among 13 analysts covering Align Technology (NASDAQ:ALGN), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Align Technology had 53 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Robert W. Baird on Wednesday, October 18. Stifel Nicolaus maintained it with “Buy” rating and $205.0 target in Tuesday, October 17 report. The rating was maintained by Stifel Nicolaus on Monday, September 11 with “Buy”. The stock has “Outperform” rating by Credit Suisse on Friday, October 27. Piper Jaffray maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Wednesday, January 31. Piper Jaffray has “Buy” rating and $300.0 target. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Tuesday, July 4 by Jefferies. Morgan Stanley maintained Align Technology, Inc. (NASDAQ:ALGN) on Monday, July 17 with “Overweight” rating. The firm earned “Buy” rating on Friday, October 27 by Piper Jaffray. Jefferies maintained the stock with “Buy” rating in Wednesday, January 31 report. As per Friday, July 28, the company rating was upgraded by Bank of America.

Goodman Financial Corp, which manages about $291.99 million and $204.60 million US Long portfolio, upped its stake in Danaher Corp Del Com (NYSE:DHR) by 3,790 shares to 70,160 shares, valued at $6.02M in 2017Q3, according to the filing. It also increased its holding in Kimco Rlty Corp Com (NYSE:KIM) by 23,010 shares in the quarter, for a total of 243,140 shares, and has risen its stake in Vanguard Short (VCSH).

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