As Becton Dickinson & Co (BDX) Stock Price Rose, Kings Point Capital Management Boosted by $2.76 Million Its Stake; Logitech Intl S A (LOGI) Shareholder Meag Munich Ergo Kapitalanlagegesellschaft Mbh Decreased Its Stake by $3.33 Million

February 24, 2018 - By Ellis Scott

Kings Point Capital Management increased its stake in Becton Dickinson & Co (BDX) by 101.75% based on its latest 2017Q3 regulatory filing with the SEC. Kings Point Capital Management bought 14,151 shares as the company’s stock rose 1.79% with the market. The institutional investor held 28,059 shares of the health care company at the end of 2017Q3, valued at $5.50 million, up from 13,908 at the end of the previous reported quarter. Kings Point Capital Management who had been investing in Becton Dickinson & Co for a number of months, seems to be bullish on the $58.66B market cap company. The stock increased 0.93% or $2.02 during the last trading session, reaching $220.34. About 729,187 shares traded. Becton, Dickinson and Company (NYSE:BDX) has risen 12.32% since February 24, 2017 and is uptrending. It has underperformed by 4.38% the S&P500.

Meag Munich Ergo Kapitalanlagegesellschaft Mbh decreased its stake in Logitech Intl S A (LOGI) by 24.84% based on its latest 2017Q3 regulatory filing with the SEC. Meag Munich Ergo Kapitalanlagegesellschaft Mbh sold 92,573 shares as the company’s stock rose 19.72% with the market. The institutional investor held 280,126 shares of the computer peripheral equipment company at the end of 2017Q3, valued at $10.24M, down from 372,699 at the end of the previous reported quarter. Meag Munich Ergo Kapitalanlagegesellschaft Mbh who had been investing in Logitech Intl S A for a number of months, seems to be less bullish one the $6.67 billion market cap company. The stock increased 0.92% or $0.37 during the last trading session, reaching $40.43. About 302,043 shares traded. Logitech International S.A. (NASDAQ:LOGI) has risen 143.25% since February 24, 2017 and is uptrending. It has outperformed by 126.55% the S&P500.

Meag Munich Ergo Kapitalanlagegesellschaft Mbh, which manages about $2.45B US Long portfolio, upped its stake in Gilead Sciences Inc (NASDAQ:GILD) by 128,691 shares to 363,743 shares, valued at $29.52M in 2017Q3, according to the filing. It also increased its holding in Walgreens Boots Alliance Inc by 69,918 shares in the quarter, for a total of 155,372 shares, and has risen its stake in Waste Connections Inc.

Among 9 analysts covering Logitech Intl SA (NASDAQ:LOGI), 4 have Buy rating, 2 Sell and 3 Hold. Therefore 44% are positive. Logitech Intl SA had 11 analyst reports since August 19, 2015 according to SRatingsIntel. On Tuesday, February 6 the stock rating was downgraded by JP Morgan to “Underweight”. Rosenblatt initiated Logitech International S.A. (NASDAQ:LOGI) on Wednesday, August 19 with “Buy” rating. JP Morgan maintained it with “Neutral” rating and $43 target in Wednesday, January 24 report. The rating was downgraded by UBS to “Neutral” on Tuesday, August 23. The firm earned “Neutral” rating on Thursday, October 27 by JP Morgan. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, April 5. J.P. Morgan downgraded Logitech International S.A. (NASDAQ:LOGI) rating on Tuesday, February 6. J.P. Morgan has “Sell” rating and $40.0 target. As per Wednesday, August 10, the company rating was upgraded by Morgan Stanley. On Wednesday, January 24 the stock rating was maintained by Citigroup with “Buy”.

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.16, from 1.33 in 2017Q2. It dived, as 18 investors sold LOGI shares while 35 reduced holdings. 26 funds opened positions while 36 raised stakes. 59.60 million shares or 1.06% more from 58.97 million shares in 2017Q2 were reported. 12,917 were accumulated by Scotia Cap. Boston Advsrs Limited Co invested in 0.01% or 11,000 shares. Goldman Sachs Gp Inc has 1.09M shares. Cwm Limited Liability Company has 0% invested in Logitech International S.A. (NASDAQ:LOGI). Ahl Ptnrs Llp, a United Kingdom-based fund reported 98,664 shares. Agf Invs stated it has 0.01% of its portfolio in Logitech International S.A. (NASDAQ:LOGI). Susquehanna Int Gp Llp reported 123,763 shares stake. Quantbot Tech LP holds 15,087 shares. Wells Fargo And Mn invested in 0% or 32,901 shares. Cap Fin Advisers Ltd Com holds 86,586 shares. Moreover, Exane Derivatives has 0.19% invested in Logitech International S.A. (NASDAQ:LOGI) for 28,049 shares. Shine Advisory invested 0.04% in Logitech International S.A. (NASDAQ:LOGI). Jane Street Grp Incorporated Limited Liability Corporation has 280,518 shares for 0.03% of their portfolio. Moreover, Aqr Cap Management Lc has 0% invested in Logitech International S.A. (NASDAQ:LOGI) for 56,322 shares. Citadel Advsrs Lc reported 68,871 shares or 0% of all its holdings.

Since January 23, 2018, it had 0 insider buys, and 6 selling transactions for $11.59 million activity. Darrell Bracken sold $4.15 million worth of stock. De Luca Guerrino also sold $611,250 worth of Logitech International S.A. (NASDAQ:LOGI) on Tuesday, January 23. On Friday, February 2 Sullivan L Joseph sold $1.66M worth of Logitech International S.A. (NASDAQ:LOGI) or 40,000 shares. Shares for $990,302 were sold by Davis Sally on Monday, January 29.

Analysts await Logitech International S.A. (NASDAQ:LOGI) to report earnings on April, 24. They expect $0.18 EPS, up 20.00% or $0.03 from last year’s $0.15 per share. LOGI’s profit will be $29.68 million for 56.15 P/E if the $0.18 EPS becomes a reality. After $0.58 actual EPS reported by Logitech International S.A. for the previous quarter, Wall Street now forecasts -68.97% negative EPS growth.

Since September 8, 2017, it had 0 insider purchases, and 3 selling transactions for $6.24 million activity. $714,210 worth of Becton, Dickinson and Company (NYSE:BDX) was sold by Lim James C on Friday, September 8. COHEN GARY M sold $3.16 million worth of stock.

Kings Point Capital Management, which manages about $448.23 million US Long portfolio, decreased its stake in Accenture Plc Ireland Cla (NYSE:ACN) by 2,968 shares to 66,797 shares, valued at $9.02 million in 2017Q3, according to the filing. It also reduced its holding in American Tower Reit Com (NYSE:AMT) by 4,631 shares in the quarter, leaving it with 61,638 shares, and cut its stake in Paychex Inc (NASDAQ:PAYX).

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