Alibaba Group Hldg LTD (BABA) Shareholder Target Asset Management Pte LTD Cut Its Holding; Whitnell & Co Has Increased Cognizant Technology Solutio (CTSH) Holding by $470,232

December 29, 2017 - By wolcottdaily

Target Asset Management Pte Ltd decreased its stake in Alibaba Group Hldg Ltd (BABA) by 28.75% based on its latest 2017Q3 regulatory filing with the SEC. Target Asset Management Pte Ltd sold 50,000 shares as the company’s stock rose 22.58% with the market. The institutional investor held 123,900 shares of the business services company at the end of 2017Q3, valued at $21.40M, down from 173,900 at the end of the previous reported quarter. Target Asset Management Pte Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $443.67 billion market cap company. The stock increased 0.36% or $0.615 during the last trading session, reaching $172.915. About 7.57M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since December 29, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Whitnell & Co increased its stake in Cognizant Technology Solutio (CTSH) by 27.71% based on its latest 2017Q3 regulatory filing with the SEC. Whitnell & Co bought 6,531 shares as the company’s stock rose 12.87% with the market. The institutional investor held 30,101 shares of the edp services company at the end of 2017Q3, valued at $2.18M, up from 23,570 at the end of the previous reported quarter. Whitnell & Co who had been investing in Cognizant Technology Solutio for a number of months, seems to be bullish on the $42.09B market cap company. The stock decreased 0.01% or $0.01 during the last trading session, reaching $71.38. About 1.18 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since December 29, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.27, from 0.76 in 2017Q2. It is positive, as 37 investors sold CTSH shares while 296 reduced holdings. 99 funds opened positions while 244 raised stakes. 487.81 million shares or 3.03% less from 503.05 million shares in 2017Q2 were reported. Moreover, British Columbia Investment Mgmt Corp has 0.36% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Amica Pension Fund Board Of Trustees invested 0.6% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Rathbone Brothers Public Limited Company, a United Kingdom-based fund reported 50,683 shares. Sheets Smith Wealth Management holds 12,101 shares or 0.22% of its portfolio. Fincl Bank has 0.12% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 15,100 shares. Enterprise Fincl Services Corp has 5,968 shares for 0.21% of their portfolio. Parsec Fincl has 13,366 shares. Palladium Prtn Ltd Com has 0.55% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Los Angeles Mgmt Equity Inc owns 153,713 shares. Choate Advisors has 0.27% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 68,966 shares. Fred Alger Management Incorporated reported 2.50M shares stake. Meridian Mgmt holds 1.11% or 30,950 shares. Professionals Inc has invested 0% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). 4,291 are held by Verition Fund Mngmt Llc. Montecito Bancshares Trust holds 0.12% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 4,659 shares.

Among 30 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 23 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Cognizant Technology Solutions Corp. had 73 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup maintained the shares of CTSH in report on Tuesday, October 31 with “Neutral” rating. Needham upgraded the stock to “Strong Buy” rating in Wednesday, November 1 report. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Buy” rating by RBC Capital Markets on Tuesday, September 5. Wedbush initiated it with “Neutral” rating and $65 target in Friday, September 9 report. The stock has “Buy” rating by Cowen & Co on Wednesday, November 1. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Buy” rating by Citigroup on Wednesday, July 20. The firm has “Buy” rating given on Tuesday, August 11 by Argus Research. The firm has “Buy” rating given on Tuesday, June 13 by Oppenheimer. As per Thursday, November 2, the company rating was maintained by BMO Capital Markets. Argus Research downgraded the shares of CTSH in report on Friday, September 30 to “Hold” rating.

Whitnell & Co, which manages about $1.15 billion and $229.40 million US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 1,254 shares to 16,846 shares, valued at $4.23M in 2017Q3, according to the filing.

Since August 4, 2017, it had 0 insider purchases, and 32 sales for $25.05 million activity. 2,358 Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares with value of $165,525 were sold by Shaheen Allen. Lennox James Patrick sold 7,315 shares worth $509,779. CHATTERJEE DEBASHIS sold $162,060 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, October 10. 479 shares were sold by Middleton Sean, worth $34,205. On Tuesday, December 12 fox John nelson JR sold $1.40 million worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 19,500 shares. Shares for $2.27M were sold by Mehta Rajeev on Friday, September 1.