Synopsys (SNPS) Stake Raised by Alkeon Capital Management Llc; Allegheny Technologies (ATI) Market Value Declined While Mcclain Value Management Has Lifted Stake by $1.18 Million

December 16, 2017 - By Richard Conner

Mcclain Value Management Llc increased its stake in Allegheny Technologies Inc (ATI) by 24.94% based on its latest 2017Q2 regulatory filing with the SEC. Mcclain Value Management Llc bought 69,705 shares as the company’s stock declined 21.75% while stock markets rallied. The institutional investor held 349,194 shares of the steel and iron ore company at the end of 2017Q2, valued at $5.94 million, up from 279,489 at the end of the previous reported quarter. Mcclain Value Management Llc who had been investing in Allegheny Technologies Inc for a number of months, seems to be bullish on the $2.56B market cap company. The stock increased 1.42% or $0.33 during the last trading session, reaching $23.49. About 2.78 million shares traded or 18.42% up from the average. Allegheny Technologies Incorporated (NYSE:ATI) has risen 40.09% since December 16, 2016 and is uptrending. It has outperformed by 23.39% the S&P500.

Panayotis Takis Sparaggis increased its stake in Synopsys Inc (SNPS) by 1.79% based on its latest 2017Q2 regulatory filing with the SEC. Alkeon Capital Management Llc bought 43,124 shares as the company’s stock rose 0.68% with the market. The hedge fund run by Panayotis Takis Sparaggis held 2.45 million shares of the technology company at the end of 2017Q2, valued at $178.70M, up from 2.41 million at the end of the previous reported quarter. Alkeon Capital Management Llc who had been investing in Synopsys Inc for a number of months, seems to be bullish on the $13.22B market cap company. The stock decreased 0.14% or $0.12 during the last trading session, reaching $87.86. About 6.60M shares traded or 606.46% up from the average. Synopsys, Inc. (NASDAQ:SNPS) has risen 45.65% since December 16, 2016 and is uptrending. It has outperformed by 28.95% the S&P500.

Investors sentiment increased to 1.57 in 2017 Q2. Its up 0.32, from 1.25 in 2017Q1. It is positive, as 26 investors sold ATI shares while 55 reduced holdings. 44 funds opened positions while 83 raised stakes. 117.44 million shares or 4.05% more from 112.87 million shares in 2017Q1 were reported. Principal Finance Grp Inc stated it has 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Ny State Common Retirement Fund invested in 1.38M shares or 0.03% of the stock. Parametric Assocs Limited owns 462,564 shares or 0.01% of their US portfolio. Valley Natl Advisers holds 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 35 shares. Dc Capital Advisors reported 100,000 shares. Old Mutual Customised Solutions (Proprietary) Limited holds 2,500 shares. Credit Agricole S A holds 0% or 3,944 shares. Van Den Berg I reported 5.19% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). D E Shaw Co Incorporated invested in 0.01% or 423,355 shares. The Texas-based Barrow Hanley Mewhinney And Strauss Lc has invested 0.12% in Allegheny Technologies Incorporated (NYSE:ATI). Oppenheimer Asset holds 0% or 9,587 shares in its portfolio. California Pub Employees Retirement Sys reported 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Hudock Grp Llc holds 0% or 106 shares. Pub Employees Retirement Association Of Colorado reported 0% in Allegheny Technologies Incorporated (NYSE:ATI). Thompson Davis And holds 302 shares.

Among 13 analysts covering Allegheny Tech (NYSE:ATI), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Allegheny Tech had 34 analyst reports since July 21, 2015 according to SRatingsIntel. J.P. Morgan upgraded it to “Hold” rating and $1900 target in Wednesday, July 26 report. Bank of America downgraded Allegheny Technologies Incorporated (NYSE:ATI) on Friday, January 20 to “Underperform” rating. The rating was upgraded by Rosenblatt to “Buy” on Friday, December 11. The firm has “Hold” rating given on Thursday, June 29 by Cowen & Co. The firm has “Buy” rating given on Monday, May 23 by Bank of America. Rosenblatt maintained the shares of ATI in report on Thursday, February 11 with “Buy” rating. The stock has “Buy” rating by Seaport Global on Thursday, March 16. Bank of America downgraded the stock to “Underperform” rating in Tuesday, October 20 report. The firm has “Hold” rating by Cowen & Co given on Thursday, July 6. The rating was initiated by Seaport Global on Friday, September 9 with “Buy”.

Alkeon Capital Management Llc, which manages about $5.66B and $12.41 billion US Long portfolio, decreased its stake in Six Flags Entmt Corp New (NYSE:SIX) by 947,903 shares to 10,361 shares, valued at $618,000 in 2017Q2, according to the filing. It also reduced its holding in Premier Inc (NASDAQ:PINC) by 48,027 shares in the quarter, leaving it with 1.75M shares, and cut its stake in Northrop Grumman Corp (NYSE:NOC).

Since August 18, 2017, it had 0 insider buys, and 2 selling transactions for $675,581 activity. CHAN CHI-FOON had sold 3,750 shares worth $290,635.

Investors sentiment increased to 1.2 in 2017 Q2. Its up 0.03, from 1.17 in 2017Q1. It is positive, as 23 investors sold SNPS shares while 144 reduced holdings. 62 funds opened positions while 138 raised stakes. 131.56 million shares or 2.46% less from 134.87 million shares in 2017Q1 were reported. Quantres Asset Mgmt Limited holds 0.4% or 8,400 shares. New York-based Metropolitan Life Com has invested 0.04% in Synopsys, Inc. (NASDAQ:SNPS). Sigma Investment Counselors invested in 48,785 shares. Prudential Inc stated it has 0.05% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Origin Asset Ltd Liability Partnership reported 300,383 shares. Kj Harrison And holds 0.14% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 5,000 shares. Bb&T reported 0.04% in Synopsys, Inc. (NASDAQ:SNPS). Price T Rowe Incorporated Md accumulated 3.81M shares or 0.05% of the stock. Martingale Asset Mgmt Lp invested in 0.6% or 583,196 shares. Natixis Asset Mgmt has 21,925 shares for 0.14% of their portfolio. Pension Ser holds 169,057 shares. Fisher Asset Ltd Limited Liability Company accumulated 378,214 shares. 21,234 were reported by Cibc Ww. The Manitoba – Canada-based Great West Life Assurance Can has invested 0.03% in Synopsys, Inc. (NASDAQ:SNPS). Comm National Bank & Trust stated it has 0.01% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS).

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