Arrowpoint Asset Management Increased Medidata Solutions (MDSO) Stake By $6.84 Million; Preformed Line Products Co (PLPC) Sentiment Is 1.27

July 31, 2017 - By Nellie Frank

Arrowpoint Asset Management Llc increased Medidata Solutions Inc (MDSO) stake by 21.14% reported in 2016Q4 SEC filing. Arrowpoint Asset Management Llc acquired 139,567 shares as Medidata Solutions Inc (MDSO)’s stock rose 25.99%. The Arrowpoint Asset Management Llc holds 799,877 shares with $39.73M value, up from 660,310 last quarter. Medidata Solutions Inc now has $4.46 billion valuation. The stock declined 1.56% or $1.21 reaching $76.43 on the news. About 146,565 shares traded. Medidata Solutions Inc (NASDAQ:MDSO) has risen 68.37% since July 31, 2016 and is uptrending. It has outperformed by 51.67% the S&P500.

Preformed Line Products Company is a designer and maker of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The company has market cap of $247.10 million. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products. It has a 17.63 P/E ratio. The Firm operates through four divisions: PLP-USA (including corporate), The Americas (includes activities in North and South America without PLP-USA), EMEA (Europe, Middle East and Africa) and Asia-Pacific.

Since February 13, 2017, it had 0 insider purchases, and 8 sales for $3.12 million activity. Capone Michael L had sold 5,000 shares worth $280,700. 7,500 shares valued at $420,375 were sold by de Vries Glen Michael on Thursday, March 9. Another trade for 10,000 shares valued at $559,200 was made by Otner Michael I. on Thursday, February 16. Sherif Tarek had sold 7,500 shares worth $427,950 on Thursday, March 2. 5,639 Medidata Solutions Inc (NASDAQ:MDSO) shares with value of $414,241 were sold by TAYLOR ROBERT.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.09, from 1.01 in 2016Q3. It improved, as 28 investors sold MDSO shares while 63 reduced holdings. 32 funds opened positions while 68 raised stakes. 56.66 million shares or 0.52% less from 56.95 million shares in 2016Q3 were reported. Bancshares Of Nova Scotia has 0% invested in Medidata Solutions Inc (NASDAQ:MDSO). 72,466 were reported by Blackrock Advisors Ltd Liability. 25,473 were accumulated by Ubs Asset Mngmt Americas. State Street has 1.22 million shares. Ftb Inc, a Tennessee-based fund reported 633 shares. Mason Street Lc accumulated 11,957 shares or 0.02% of the stock. Art Advsrs Limited Company accumulated 22,900 shares. Pacad Invest stated it has 5,300 shares or 0.03% of all its holdings. Fred Alger Mngmt holds 0.27% or 988,781 shares. Frontier Management Limited Company reported 248,873 shares. Cap Advisers Limited Liability Corporation reported 43,336 shares. Amer Grp owns 40,259 shares for 0.01% of their portfolio. Bancorp Of America De has invested 0% of its portfolio in Medidata Solutions Inc (NASDAQ:MDSO). Ameritas Invest Ptnrs has invested 0.01% of its portfolio in Medidata Solutions Inc (NASDAQ:MDSO). Millennium Ltd Limited Liability Company holds 0.01% of its portfolio in Medidata Solutions Inc (NASDAQ:MDSO) for 63,052 shares.

Arrowpoint Asset Management Llc decreased Power Integrations Inc (NASDAQ:POWI) stake by 15,000 shares to 46,386 valued at $3.15M in 2016Q4. It also reduced Syndax Pharmaceuticals Inc stake by 201,297 shares and now owns 266,164 shares. Cadence Design System Inc (NASDAQ:CDNS) was reduced too.

Among 15 analysts covering Medidata Solutions Inc. (NASDAQ:MDSO), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Medidata Solutions Inc. had 25 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, June 16. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 28. On Wednesday, June 14 the stock rating was maintained by Morgan Stanley with “Buy”. Wells Fargo downgraded the stock to “Market Perform” rating in Thursday, July 21 report. The stock of Medidata Solutions Inc (NASDAQ:MDSO) earned “Buy” rating by Needham on Friday, February 10. KeyBanc Capital Markets initiated Medidata Solutions Inc (NASDAQ:MDSO) on Wednesday, September 9 with “Overweight” rating. On Friday, September 25 the stock rating was maintained by Topeka Capital Markets with “Hold”. The firm earned “Hold” rating on Tuesday, July 18 by Jefferies. Deutsche Bank maintained Medidata Solutions Inc (NASDAQ:MDSO) on Tuesday, September 13 with “Buy” rating. The stock of Medidata Solutions Inc (NASDAQ:MDSO) earned “Overweight” rating by Morgan Stanley on Thursday, July 20.

About 819 shares traded. Preformed Line Products Company (PLPC) has risen 22.89% since July 31, 2016 and is uptrending. It has outperformed by 6.19% the S&P500.