Palo Alto Networks (Call) (PANW) Holder Tremblant Capital Group Has Trimmed Holding by $60.84 Million; As Vf (VFC) Valuation Declined, Bank Of New York Mellon Decreased Its Stake

February 15, 2018 - By Adrian Erickson

Bank Of New York Mellon Corp decreased its stake in Vf Corp (VFC) by 3.85% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of New York Mellon Corp sold 212,567 shares as the company’s stock declined 0.53% while stock markets rallied. The institutional investor held 5.31 million shares of the apparel company at the end of 2017Q3, valued at $337.71 million, down from 5.52 million at the end of the previous reported quarter. Bank Of New York Mellon Corp who had been investing in Vf Corp for a number of months, seems to be less bullish one the $33.02B market cap company. The stock decreased 0.16% or $0.14 during the last trading session, reaching $83.56. About 460,047 shares traded. V.F. Corporation (NYSE:VFC) has declined 13.07% since February 15, 2017 and is downtrending. It has underperformed by 29.77% the S&P500.

Brett Barakett decreased its stake in Palo Alto Networks Inc (Call) (PANW) by 75.47% based on its latest 2017Q3 regulatory filing with the SEC. Tremblant Capital Group sold 422,502 shares as the company’s stock declined 24.72% while stock markets rallied. The hedge fund run by Brett Barakett held 137,300 shares of the technology company at the end of 2017Q3, valued at $19.79M, down from 559,802 at the end of the previous reported quarter. Tremblant Capital Group who had been investing in Palo Alto Networks Inc (Call) for a number of months, seems to be less bullish one the $14.63 billion market cap company. The stock increased 0.56% or $0.88 during the last trading session, reaching $159.25. About 285,187 shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has declined 16.31% since February 15, 2017 and is downtrending. It has underperformed by 33.01% the S&P500.

Among 28 analysts covering V.F. Corp (NYSE:VFC), 12 have Buy rating, 1 Sell and 15 Hold. Therefore 43% are positive. V.F. Corp had 101 analyst reports since July 24, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Hold” rating in Tuesday, October 31 report. The stock of V.F. Corporation (NYSE:VFC) earned “Buy” rating by Deutsche Bank on Wednesday, October 19. Brean Capital downgraded the shares of VFC in report on Friday, July 15 to “Buy” rating. As per Wednesday, September 20, the company rating was maintained by Cowen & Co. The stock of V.F. Corporation (NYSE:VFC) earned “Overweight” rating by PiperJaffray on Monday, February 5. The firm has “Buy” rating given on Friday, September 30 by Guggenheim. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, December 15. The rating was maintained by Canaccord Genuity on Monday, August 14 with “Buy”. The firm earned “Buy” rating on Thursday, October 8 by Canaccord Genuity. UBS maintained the shares of VFC in report on Tuesday, October 25 with “Buy” rating.

Analysts await V.F. Corporation (NYSE:VFC) to report earnings on February, 16. They expect $1.01 earnings per share, up 4.12% or $0.04 from last year’s $0.97 per share. VFC’s profit will be $399.08 million for 20.68 P/E if the $1.01 EPS becomes a reality. After $1.23 actual earnings per share reported by V.F. Corporation for the previous quarter, Wall Street now forecasts -17.89% negative EPS growth.

Bank Of New York Mellon Corp, which manages about $363.33B US Long portfolio, upped its stake in Ford Motor Co (NYSE:F) by 2.52M shares to 35.82 million shares, valued at $428.73M in 2017Q3, according to the filing. It also increased its holding in Bio (NASDAQ:TECH) by 2,698 shares in the quarter, for a total of 501,317 shares, and has risen its stake in Cenovus Energy Inc (NYSE:CVE).

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.15, from 0.93 in 2017Q2. It improved, as 42 investors sold VFC shares while 233 reduced holdings. 85 funds opened positions while 211 raised stakes. 395.35 million shares or 2.44% less from 405.25 million shares in 2017Q2 were reported. Pinnacle Ptnrs owns 6,886 shares. 2.20M are held by Citadel Advisors Ltd. Patten Group holds 0% or 12 shares. Moreover, Viking Fund Ltd Liability has 0.25% invested in V.F. Corporation (NYSE:VFC) for 25,000 shares. Hedeker Wealth Ltd Liability owns 31,035 shares. Robecosam Ag reported 75,200 shares. Bontempo Ohly Mngmt Limited Liability Company has 34,652 shares for 1.71% of their portfolio. Appleton Ma holds 10,285 shares or 0.11% of its portfolio. Spears Abacus Advisors Ltd Limited Liability Company holds 0.04% in V.F. Corporation (NYSE:VFC) or 4,844 shares. Rockefeller owns 10,798 shares. Connecticut-based Bradley Foster Sargent Ct has invested 0.03% in V.F. Corporation (NYSE:VFC). Hsbc Holdings Public Ltd accumulated 272,878 shares. Global Thematic Prns Limited Liability Corp invested in 881,253 shares. Stephens Inc Ar reported 0.05% stake. Wisconsin-based Northwestern Mutual Wealth Management has invested 0.02% in V.F. Corporation (NYSE:VFC).

Since August 18, 2017, it had 0 buys, and 6 sales for $33.77 million activity. Rendle Steven E had sold 65,604 shares worth $4.63M. WISEMAN ERIC C had sold 110,943 shares worth $7.06 million. Roe Scott A. also sold $1.34 million worth of V.F. Corporation (NYSE:VFC) on Thursday, October 26. Shares for $1.83M were sold by O’Meara Aidan on Friday, August 18. Shares for $1.44M were sold by MCCOLLOUGH W ALAN on Monday, August 21.

Among 52 analysts covering Palo Alto Networks (NYSE:PANW), 42 have Buy rating, 2 Sell and 8 Hold. Therefore 81% are positive. Palo Alto Networks had 184 analyst reports since July 22, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, January 23 by Deutsche Bank. Cowen & Co maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Thursday, June 1. Cowen & Co has “Buy” rating and $16500 target. As per Wednesday, November 25, the company rating was upgraded by Argus Research. The firm has “Buy” rating given on Tuesday, September 5 by Summit Redstone Partners. The firm has “Outperform” rating given on Friday, May 26 by Cowen & Co. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, August 31. BMO Capital Markets maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Thursday, June 1. BMO Capital Markets has “Market Perform” rating and $150 target. The rating was maintained by KeyBanc Capital Markets on Monday, November 13 with “Buy”. FBR Capital maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Thursday, September 10. FBR Capital has “Outperform” rating and $200 target. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Outperform” rating given on Tuesday, November 22 by RBC Capital Markets.

Analysts await Palo Alto Networks, Inc. (NYSE:PANW) to report earnings on February, 27. They expect $-0.21 EPS, up 63.79% or $0.37 from last year’s $-0.58 per share. After $-0.16 actual EPS reported by Palo Alto Networks, Inc. for the previous quarter, Wall Street now forecasts 31.25% negative EPS growth.

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.22, from 0.94 in 2017Q2. It improved, as 43 investors sold PANW shares while 148 reduced holdings. 63 funds opened positions while 159 raised stakes. 70.19 million shares or 3.76% more from 67.64 million shares in 2017Q2 were reported. Oak Associate Ltd Oh, a Ohio-based fund reported 5,900 shares. Macquarie Group Incorporated Limited stated it has 0.01% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Grandeur Peak Global Advsrs Limited Liability Com invested in 7,975 shares or 0.18% of the stock. Arizona State Retirement Sys reported 0.03% stake. Pub Employees Retirement Association Of Colorado holds 16,971 shares or 0.02% of its portfolio. Bank & Trust Hapoalim Bm holds 1,897 shares or 0.06% of its portfolio. 6,225 are owned by Strs Ohio. Rhumbline Advisers invested in 105,343 shares or 0.03% of the stock. The Washington-based Rainier Management has invested 0.71% in Palo Alto Networks, Inc. (NYSE:PANW). Heritage Investors Mgmt owns 41,336 shares or 0.38% of their US portfolio. Connable Office Inc holds 9,996 shares or 0.29% of its portfolio. Private Advisor Gp, New Jersey-based fund reported 8,756 shares. Legal And General Gru Public Ltd Com reported 380,147 shares. Pinebridge Investments LP has invested 0.05% in Palo Alto Networks, Inc. (NYSE:PANW). Sandy Spring Savings Bank stated it has 0% in Palo Alto Networks, Inc. (NYSE:PANW).

Tremblant Capital Group, which manages about $3.75 billion and $2.26 billion US Long portfolio, upped its stake in Universal Hlth Svcs Inc (NYSE:UHS) by 48,255 shares to 294,750 shares, valued at $32.70M in 2017Q3, according to the filing. It also increased its holding in Jd Com Inc (NASDAQ:JD) by 171,574 shares in the quarter, for a total of 933,681 shares, and has risen its stake in Line Corp.

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