Contour Asset Management Boosted Its Wayfair (W) Stake; Bowen Hanes & Co Has Raised Cisco Systems (CSCO) Holding

September 4, 2017 - By Stephen Andrade

Contour Asset Management Llc increased Wayfair Inc (W) stake by 3.66% reported in 2016Q4 SEC filing. Contour Asset Management Llc acquired 56,748 shares as Wayfair Inc (W)’s stock rose 54.30%. The Contour Asset Management Llc holds 1.61M shares with $56.34 million value, up from 1.55 million last quarter. Wayfair Inc now has $6.32B valuation. The stock increased 2.04% or $1.45 on September 1, reaching $72.46. About shares traded. Wayfair Inc (NYSE:W) has risen 54.80% since September 4, 2016 and is uptrending. It has outperformed by 38.10% the S&P500.

Bowen Hanes & Co Inc increased Cisco Systems (CSCO) stake by 8.35% reported in 2016Q4 SEC filing. Bowen Hanes & Co Inc acquired 65,325 shares as Cisco Systems (CSCO)’s stock declined 7.50%. The Bowen Hanes & Co Inc holds 847,380 shares with $25.61 million value, up from 782,055 last quarter. Cisco Systems now has $161.50B valuation. The stock increased 0.28% or $0.09 on September 1, reaching $32.3. About 14.69 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since September 4, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Investors sentiment increased to 1.22 in 2016 Q4. Its up 0.07, from 1.15 in 2016Q3. It improved, as 36 investors sold W shares while 38 reduced holdings. 28 funds opened positions while 48 raised stakes. 58.06 million shares or 1.96% less from 59.22 million shares in 2016Q3 were reported. Price T Rowe Md holds 0% of its portfolio in Wayfair Inc (NYSE:W) for 222,305 shares. Group One Trading Limited Partnership holds 20,243 shares or 0.01% of its portfolio. Ubs Oconnor Lc stated it has 0% in Wayfair Inc (NYSE:W). Schwab Charles holds 120,779 shares or 0% of its portfolio. Cadian Cap Lp accumulated 1.09M shares or 2.04% of the stock. Alyeska Inv Group Limited Partnership holds 751,240 shares or 0.24% of its portfolio. Hamilton Lane Limited Com owns 32,190 shares for 0.74% of their portfolio. North Carolina-based National Bank Of America De has invested 0% in Wayfair Inc (NYSE:W). Swiss State Bank has 0% invested in Wayfair Inc (NYSE:W) for 45,600 shares. The New York-based Bank Of Mellon has invested 0% in Wayfair Inc (NYSE:W). 3.86 million are held by Harbourvest Prtn Ltd Limited Liability Company. First Tru Advsr Limited Partnership has 72,837 shares for 0.01% of their portfolio. Moreover, American Group Inc has 0% invested in Wayfair Inc (NYSE:W) for 18,138 shares. Bnp Paribas Arbitrage has invested 0% in Wayfair Inc (NYSE:W). Geode Mgmt Ltd Liability Company has 0% invested in Wayfair Inc (NYSE:W).

Since March 6, 2017, it had 0 insider purchases, and 95 sales for $55.74 million activity. 600 shares were sold by Macri Edmond, worth $42,474 on Tuesday, June 13. $4,261 worth of Wayfair Inc (NYSE:W) was sold by Delinsky Jeremy. Another trade for 75 shares valued at $4,500 was sold by Oblak Steve. On Tuesday, March 7 the insider Malone Nicholas sold $35,670. 601 shares valued at $36,320 were sold by Rodrigues Romero on Friday, May 12. $343,536 worth of Wayfair Inc (NYSE:W) shares were sold by GREAT HILL EQUITY PARTNERS IV LP. Conine Steven sold 50,850 shares worth $3.76 million.

Contour Asset Management Llc decreased Symantec Corp (NASDAQ:SYMC) stake by 732,841 shares to 3.61 million valued at $86.31M in 2016Q4. It also reduced Nvidia Corp (NASDAQ:NVDA) stake by 253,248 shares and now owns 638,820 shares. Netflix Inc (NASDAQ:NFLX) was reduced too.

Among 26 analysts covering Wayfair LLC (NYSE:W), 12 have Buy rating, 1 Sell and 13 Hold. Therefore 46% are positive. Wayfair LLC had 56 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Wayfair Inc (NYSE:W) earned “Buy” rating by Evercore on Friday, July 31. The stock of Wayfair Inc (NYSE:W) has “Mkt Perform” rating given on Friday, February 24 by Raymond James. As per Tuesday, May 2, the company rating was maintained by Maxim Group. The firm has “Hold” rating given on Wednesday, August 19 by Zacks. The firm has “Buy” rating by Maxim Group given on Wednesday, November 9. On Wednesday, June 14 the stock rating was maintained by Piper Jaffray with “Overweight”. The company was maintained on Friday, August 4 by Oppenheimer. The firm has “Neutral” rating given on Wednesday, January 11 by Credit Suisse. On Tuesday, August 8 the stock rating was maintained by Cowen & Co with “Buy”. The firm earned “Buy” rating on Tuesday, August 8 by Canaccord Genuity.

Since March 9, 2017, it had 0 insider buys, and 5 insider sales for $13.58 million activity. 7,802 shares were sold by Walker Karen, worth $244,125. 15,672 shares valued at $537,050 were sold by BHATT PRAT on Wednesday, March 15. 295,537 shares valued at $9.31 million were sold by CHAMBERS JOHN T on Wednesday, May 24. CHANDLER MARK D sold $544,640 worth of stock. 92,840 shares valued at $2.94M were sold by Jacoby Rebecca on Wednesday, June 14.

Bowen Hanes & Co Inc decreased Lockheed Martin (NYSE:LMT) stake by 12,884 shares to 122,166 valued at $30.53 million in 2016Q4. It also reduced Medtronic Plc (Il) (NYSE:MDT) stake by 258,865 shares and now owns 16,075 shares. Borg Warner Inc (NYSE:BWA) was reduced too.

Among 36 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 13 Hold. Therefore 64% are positive. Cisco Systems Inc. had 105 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, August 18 by KeyBanc Capital Markets. On Monday, August 17 the stock rating was downgraded by Morgan Stanley to “Equal Weight”. The firm earned “Buy” rating on Tuesday, October 6 by Citigroup. The firm has “Buy” rating given on Tuesday, June 20 by RBC Capital Markets. As per Thursday, August 17, the company rating was maintained by BMO Capital Markets. Argus Research maintained the stock with “Buy” rating in Friday, August 19 report. The stock has “Buy” rating by Stifel Nicolaus on Monday, February 8. UBS maintained it with “Buy” rating and $32 target in Thursday, June 16 report. Credit Suisse maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Wednesday, June 21. Credit Suisse has “Buy” rating and $4000 target. As per Tuesday, August 4, the company rating was downgraded by Zacks.