S Squared Technology Trimmed Stake in Mitek Systems (MITK) as Share Price Rose; Union Bankshares Has Cut Position in Wells Fargo Co New (WFC) by $2.27 Million as Share Value Declined

January 9, 2018 - By Linda Rogers

Union Bankshares Corp decreased its stake in Wells Fargo Co New (WFC) by 79.68% based on its latest 2017Q3 regulatory filing with the SEC. Union Bankshares Corp sold 41,249 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 10,522 shares of the major banks company at the end of 2017Q3, valued at $580,000, down from 51,771 at the end of the previous reported quarter. Union Bankshares Corp who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $307.87B market cap company. The stock increased 0.77% or $0.48 during the last trading session, reaching $62.52. About 5.88M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 9, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

S Squared Technology Llc decreased its stake in Mitek Systems Inc. (MITK) by 33.81% based on its latest 2017Q3 regulatory filing with the SEC. S Squared Technology Llc sold 126,435 shares as the company’s stock rose 40.98% with the market. The hedge fund held 247,483 shares of the technology company at the end of 2017Q3, valued at $2.35 million, down from 373,918 at the end of the previous reported quarter. S Squared Technology Llc who had been investing in Mitek Systems Inc. for a number of months, seems to be less bullish one the $313.84 million market cap company. The stock decreased 0.82% or $0.075 during the last trading session, reaching $9.025. About 68,716 shares traded. Mitek Systems, Inc. (NASDAQ:MITK) has declined 2.93% since January 9, 2017 and is downtrending. It has underperformed by 19.63% the S&P500.

Investors sentiment decreased to 1.43 in 2017 Q3. Its down 0.54, from 1.97 in 2017Q2. It dived, as 10 investors sold MITK shares while 27 reduced holdings. 25 funds opened positions while 28 raised stakes. 14.02 million shares or 2.95% more from 13.61 million shares in 2017Q2 were reported. Balyasny Asset Ltd Liability Corporation has 0% invested in Mitek Systems, Inc. (NASDAQ:MITK) for 10,200 shares. Engineers Gate Manager LP has 0.02% invested in Mitek Systems, Inc. (NASDAQ:MITK). Archon Capital Mgmt Ltd Liability Corporation holds 2.86% of its portfolio in Mitek Systems, Inc. (NASDAQ:MITK) for 560,695 shares. National Bank Of America De reported 11,021 shares. Thompson Davis & Inc holds 0.27% of its portfolio in Mitek Systems, Inc. (NASDAQ:MITK) for 16,250 shares. Northern Tru invested in 351,830 shares or 0% of the stock. Parametric Port Associate Lc has 0% invested in Mitek Systems, Inc. (NASDAQ:MITK). Bogle Invest Mngmt Ltd Partnership De, Massachusetts-based fund reported 15,452 shares. Paw Cap holds 2.49% or 250,000 shares. Blackrock Inc has 1.99M shares for 0% of their portfolio. State Board Of Administration Of Florida Retirement Sys reported 43,677 shares stake. Teton Advsrs Inc, a New York-based fund reported 67,500 shares. Rhumbline Advisers holds 34,216 shares. Guggenheim Limited Liability Company reported 0% stake. Barclays Pcl reported 24,997 shares stake.

Among 4 analysts covering Mitek Systems (NASDAQ:MITK), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Mitek Systems had 11 analyst reports since January 8, 2016 according to SRatingsIntel. The rating was maintained by Roth Capital with “Buy” on Wednesday, July 19. The firm has “Buy” rating given on Friday, July 28 by Roth Capital. As per Tuesday, July 25, the company rating was maintained by Northland Capital. The stock of Mitek Systems, Inc. (NASDAQ:MITK) has “Buy” rating given on Wednesday, March 23 by Benchmark. The stock has “Buy” rating by Roth Capital on Friday, June 9. The stock has “Buy” rating by Northland Capital on Wednesday, October 4. The stock has “Outperform” rating by Northland Capital on Monday, January 25. The firm has “Buy” rating by Roth Capital given on Thursday, November 2. The rating was maintained by Northland Capital on Wednesday, August 30 with “Buy”. The firm has “Buy” rating by Benchmark given on Friday, January 8.

Analysts await Mitek Systems, Inc. (NASDAQ:MITK) to report earnings on February, 1. After $0.07 actual EPS reported by Mitek Systems, Inc. for the previous quarter, Wall Street now forecasts -142.86% negative EPS growth.

Since December 11, 2017, it had 0 buys, and 2 sales for $870,936 activity.

Among 35 analysts covering Wells Fargo & Company (NYSE:WFC), 16 have Buy rating, 5 Sell and 14 Hold. Therefore 46% are positive. Wells Fargo & Company had 113 analyst reports since July 29, 2015 according to SRatingsIntel. Rafferty downgraded it to “Sell” rating and $54.50 target in Wednesday, April 12 report. The stock has “Buy” rating by Argus Research on Tuesday, January 19. Piper Jaffray downgraded Wells Fargo & Company (NYSE:WFC) on Friday, April 15 to “Underweight” rating. BMO Capital Markets maintained the shares of WFC in report on Friday, July 14 with “Sell” rating. RBC Capital Markets maintained it with “Buy” rating and $6000 target in Thursday, July 27 report. The firm has “Hold” rating given on Friday, July 14 by Oppenheimer. The rating was upgraded by Citigroup on Thursday, January 7 to “Buy”. On Monday, October 10 the stock rating was upgraded by UBS to “Neutral”. Vetr upgraded Wells Fargo & Company (NYSE:WFC) rating on Wednesday, September 2. Vetr has “Strong-Buy” rating and $57.65 target. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Friday, August 25 by Keefe Bruyette & Woods.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It is negative, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Optimum Advsr holds 0.2% in Wells Fargo & Company (NYSE:WFC) or 11,084 shares. First Financial Corp In holds 0.74% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 20,548 shares. Regentatlantic Cap Lc accumulated 60,518 shares. Buckingham Asset Mngmt Ltd Limited Liability Company holds 31,779 shares or 0.42% of its portfolio. Highstreet Asset Incorporated holds 0.09% or 16,824 shares in its portfolio. Raab & Moskowitz Asset Management stated it has 17,458 shares or 0.47% of all its holdings. Dorsey Whitney Trust Limited Company has 1.47% invested in Wells Fargo & Company (NYSE:WFC) for 133,864 shares. Tributary Capital Mgmt Ltd Liability Corp has 5,300 shares for 0.03% of their portfolio. Notis accumulated 15,300 shares. Principal stated it has 10.30M shares or 0.55% of all its holdings. Asset Advsr Lc reported 82,165 shares. Salient Trust Communications Lta holds 0.18% or 27,565 shares in its portfolio. Intact Investment holds 17,500 shares. Kepos Capital Limited Partnership, a New York-based fund reported 18,501 shares. Horizon Kinetics Ltd Company, a New York-based fund reported 9,210 shares.

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