As Verizon Communications (VZ) Valuation Declined, Holder Prentiss Smith & Co Lowered Position by $8.54 Million; As Salesforce.Com (CRM) Stock Price Rose, Friess Associates Raised Stake

February 18, 2018 - By Vivian Currie

Friess Associates Llc increased its stake in Salesforce.Com Inc. (CRM) by 4.7% based on its latest 2017Q3 regulatory filing with the SEC. Friess Associates Llc bought 8,460 shares as the company’s stock rose 7.28% with the market. The institutional investor held 188,460 shares of the prepackaged software company at the end of 2017Q3, valued at $17.61 million, up from 180,000 at the end of the previous reported quarter. Friess Associates Llc who had been investing in Salesforce.Com Inc. for a number of months, seems to be bullish on the $81.52B market cap company. The stock decreased 0.23% or $0.26 during the last trading session, reaching $112.86. About 4.67 million shares traded. Salesforce.com, inc. (NYSE:CRM) has risen 7.78% since February 18, 2017 and is uptrending. It has underperformed by 8.92% the S&P500.

Prentiss Smith & Co Inc decreased its stake in Verizon Communications Inc (VZ) by 95.51% based on its latest 2017Q3 regulatory filing with the SEC. Prentiss Smith & Co Inc sold 174,372 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 8,195 shares of the telecommunications equipment company at the end of 2017Q3, valued at $406,000, down from 182,567 at the end of the previous reported quarter. Prentiss Smith & Co Inc who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $204.56B market cap company. The stock increased 0.82% or $0.41 during the last trading session, reaching $50.15. About 12.26 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 18, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Since August 28, 2017, it had 0 insider buys, and 3 sales for $89,365 activity.

Among 28 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 25% are positive. Verizon Communications Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital maintained Verizon Communications Inc. (NYSE:VZ) on Friday, July 14 with “Hold” rating. The firm earned “Hold” rating on Tuesday, January 23 by Cowen & Co. The company was initiated on Thursday, January 19 by HSBC. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Wednesday, January 25. KeyBanc Capital Markets maintained the shares of VZ in report on Wednesday, October 11 with “Hold” rating. Jefferies maintained Verizon Communications Inc. (NYSE:VZ) rating on Friday, October 6. Jefferies has “Hold” rating and $50.0 target. RBC Capital Markets maintained it with “Hold” rating and $48 target in Friday, May 26 report. Cowen & Co maintained Verizon Communications Inc. (NYSE:VZ) on Monday, September 18 with “Hold” rating. The firm earned “Mkt Perform” rating on Wednesday, January 25 by Raymond James. As per Thursday, April 7, the company rating was downgraded by Bernstein.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is flat, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Fiera Capital has invested 0% in Verizon Communications Inc. (NYSE:VZ). Ronna Sue Cohen accumulated 0.18% or 4,849 shares. Jaffetilchin Invest Partners Limited Liability Co invested in 0.09% or 8,014 shares. Phocas stated it has 10,602 shares or 0.08% of all its holdings. 890 are held by Thomas J Herzfeld Advisors. Salem Management Incorporated holds 2.18% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 85,350 shares. Narwhal Capital Mngmt owns 103,807 shares. Nordea Invest Ab invested in 20.02 million shares. Washington Capital reported 1.87% in Verizon Communications Inc. (NYSE:VZ). Boston Common Asset Mgmt Limited Company holds 1.5% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 243,054 shares. Sfe Invest Counsel accumulated 0.28% or 13,340 shares. Cincinnati Specialty Underwriters Ins holds 1.3% or 30,000 shares. 91,902 were reported by Convergence Limited Liability Corporation. Credit Suisse Ag owns 0.37% invested in Verizon Communications Inc. (NYSE:VZ) for 7.66 million shares. Eagleclaw Cap Managment Ltd Liability invested in 0.23% or 8,131 shares.

Prentiss Smith & Co Inc, which manages about $439.26M and $165.91M US Long portfolio, upped its stake in Danaher Corp Del (NYSE:DHR) by 6,279 shares to 6,877 shares, valued at $590,000 in 2017Q3, according to the filing.

Friess Associates Llc, which manages about $1.34 billion and $1.14B US Long portfolio, decreased its stake in Advansix Inc. by 221,995 shares to 93,735 shares, valued at $3.73 million in 2017Q3, according to the filing. It also reduced its holding in Black Knight Financial Service by 113,500 shares in the quarter, leaving it with 235,980 shares, and cut its stake in Invuity Inc..

Among 51 analysts covering Salesforce.com (NYSE:CRM), 45 have Buy rating, 1 Sell and 5 Hold. Therefore 88% are positive. Salesforce.com had 200 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Thursday, November 19 with “Overweight”. As per Monday, November 13, the company rating was maintained by Mizuho. The firm has “Outperform” rating given on Monday, May 15 by BMO Capital Markets. The firm has “Hold” rating given on Wednesday, August 23 by Pivotal Research. The stock has “Buy” rating by Cowen & Co on Friday, November 3. As per Tuesday, November 10, the company rating was maintained by Barclays Capital. On Wednesday, November 8 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Buy” rating on Thursday, September 10 by BTIG Research. The firm has “Outperform” rating given on Monday, November 16 by RBC Capital Markets. TheStreet upgraded Salesforce.com, inc. (NYSE:CRM) on Saturday, August 22 to “Hold” rating.

Since August 15, 2017, it had 1 insider buy, and 93 insider sales for $73.43 million activity. The insider BLOCK KEITH sold $963,181. Conway Craig also sold $27,713 worth of Salesforce.com, inc. (NYSE:CRM) shares. 8,026 shares were sold by Harris Parker, worth $819,661 on Tuesday, October 31. 129 shares valued at $14,220 were sold by Roos John Victor on Thursday, January 18. Another trade for 5,000 shares valued at $556,785 was made by Benioff Marc on Thursday, January 18. $94,865 worth of Salesforce.com, inc. (NYSE:CRM) was sold by Martinez Maria on Friday, October 27.

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By1 Vivian Currie

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