Dimensional Fund Advisors LP Upped Stake in Netapp (NTAP); Ally Financial Cut Its Pfizer (PFE) Holding by $2.80 Million; Stock Declined

February 21, 2018 - By Moses P. Lee

Ally Financial Inc decreased its stake in Pfizer Inc (PFE) by 21.92% based on its latest 2017Q3 regulatory filing with the SEC. Ally Financial Inc sold 80,000 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 285,000 shares of the health care company at the end of 2017Q3, valued at $10.17M, down from 365,000 at the end of the previous reported quarter. Ally Financial Inc who had been investing in Pfizer Inc for a number of months, seems to be less bullish one the $217.45 billion market cap company. The stock increased 1.31% or $0.47 during the last trading session, reaching $36.48. About 10.07M shares traded. Pfizer Inc. (NYSE:PFE) has declined 2.76% since February 21, 2017 and is downtrending. It has underperformed by 19.46% the S&P500.

Dimensional Fund Advisors Lp increased its stake in Netapp Inc (NTAP) by 0.96% based on its latest 2017Q3 regulatory filing with the SEC. Dimensional Fund Advisors Lp bought 13,531 shares as the company’s stock declined 1.59% while stock markets rallied. The institutional investor held 1.42M shares of the technology company at the end of 2017Q3, valued at $62.23M, up from 1.41 million at the end of the previous reported quarter. Dimensional Fund Advisors Lp who had been investing in Netapp Inc for a number of months, seems to be bullish on the $15.86B market cap company. The stock increased 2.36% or $1.37 during the last trading session, reaching $59.45. About 1.96M shares traded. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since February 21, 2017 and is uptrending. It has outperformed by 52.23% the S&P500.

Among 22 analysts covering Pfizer (NYSE:PFE), 10 have Buy rating, 1 Sell and 11 Hold. Therefore 45% are positive. Pfizer had 74 analyst reports since July 29, 2015 according to SRatingsIntel. Piper Jaffray maintained Pfizer Inc. (NYSE:PFE) rating on Thursday, September 14. Piper Jaffray has “Buy” rating and $54.0 target. Jefferies maintained it with “Hold” rating and $35.0 target in Wednesday, August 16 report. As per Thursday, May 12, the company rating was initiated by Berenberg. Cowen & Co maintained Pfizer Inc. (NYSE:PFE) on Monday, August 14 with “Buy” rating. The firm has “Overweight” rating given on Friday, August 28 by Piper Jaffray. The firm has “Buy” rating by BMO Capital Markets given on Friday, December 15. The firm has “Neutral” rating given on Friday, April 7 by Morgan Stanley. The firm earned “Hold” rating on Wednesday, October 28 by S&P Research. The firm earned “Hold” rating on Wednesday, November 2 by Argus Research. The firm earned “Neutral” rating on Friday, March 24 by Societe Generale.

Since August 21, 2017, it had 0 insider buys, and 7 selling transactions for $12.30 million activity. MACKENZIE ALEXANDER R sold 7,350 shares worth $249,900. READ IAN C had sold 197,168 shares worth $6.70 million. 94,409 Pfizer Inc. (NYSE:PFE) shares with value of $3.21 million were sold by DAMELIO FRANK A. The insider JOHNSON RADY A sold 8,000 shares worth $296,560. SUSMAN SALLY also sold $1.34 million worth of Pfizer Inc. (NYSE:PFE) on Tuesday, September 12.

Analysts await Pfizer Inc. (NYSE:PFE) to report earnings on May, 1. They expect $0.70 earnings per share, up 1.45% or $0.01 from last year’s $0.69 per share. PFE’s profit will be $4.17 billion for 13.03 P/E if the $0.70 EPS becomes a reality. After $0.62 actual earnings per share reported by Pfizer Inc. for the previous quarter, Wall Street now forecasts 12.90% EPS growth.

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.02, from 0.94 in 2017Q2. It increased, as 53 investors sold PFE shares while 700 reduced holdings. 106 funds opened positions while 620 raised stakes. 4.06 billion shares or 0.86% more from 4.02 billion shares in 2017Q2 were reported. Tradewinds Cap Management Ltd reported 8,180 shares. Stearns Fin Svcs Group accumulated 37,799 shares. Strategic Advisors Ltd has 1.25% invested in Pfizer Inc. (NYSE:PFE). Douglass Winthrop Advisors Ltd Liability Corp has 0.12% invested in Pfizer Inc. (NYSE:PFE) for 56,133 shares. Vanguard Inc owns 425.04M shares. Moreover, Smith Asset Management Grp LP has 0% invested in Pfizer Inc. (NYSE:PFE). Columbia Asset Management has 1.1% invested in Pfizer Inc. (NYSE:PFE). Farmers Tru has 127,137 shares for 1.53% of their portfolio. East Coast Asset Management Ltd Liability Com holds 53,408 shares. Northstar Gru Incorporated holds 0.2% of its portfolio in Pfizer Inc. (NYSE:PFE) for 9,551 shares. Confluence Invest Management Limited Liability has invested 1.59% in Pfizer Inc. (NYSE:PFE). Aspen Mngmt Incorporated holds 0.76% in Pfizer Inc. (NYSE:PFE) or 28,547 shares. 6,675 were reported by Chickasaw Capital Management. New Jersey Better Educational Savings Tru accumulated 36,000 shares or 1.08% of the stock. Cubic Asset Management Ltd Com owns 1.76% invested in Pfizer Inc. (NYSE:PFE) for 174,979 shares.

Ally Financial Inc, which manages about $525.29M US Long portfolio, upped its stake in Merck & Co Inc (NYSE:MRK) by 19,051 shares to 69,051 shares, valued at $4.42 million in 2017Q3, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 40,000 shares in the quarter, for a total of 185,000 shares, and has risen its stake in Amazon.Com Inc (NASDAQ:AMZN).

Dimensional Fund Advisors Lp, which manages about $228.83B US Long portfolio, decreased its stake in Applied Optoelectronics Inc (NASDAQ:AAOI) by 9,607 shares to 316,344 shares, valued at $20.46M in 2017Q3, according to the filing. It also reduced its holding in Gaslog Ltd (NYSE:GLOG) by 30,198 shares in the quarter, leaving it with 2.17 million shares, and cut its stake in Semtech Corp (NASDAQ:SMTC).

Investors sentiment is 1.18 in Q3 2017. Its the same as in 2017Q2. It is without change, as 38 investors sold NTAP shares while 129 reduced holdings. only 58 funds opened positions while 139 raised stakes. 244.98 million shares or 0.92% more from 242.73 million shares in 2017Q2 were reported. 6,626 are held by Advisor Prns Limited Liability. Sirios Capital Management Lp accumulated 2.34M shares or 5.36% of the stock. Convergence Inv Prtnrs Ltd Liability Company stated it has 0.47% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Cambridge Rech Advsrs owns 5,297 shares. Nomura Hldg holds 0% or 14,267 shares in its portfolio. Hanson Mcclain Inc accumulated 401 shares. Norinchukin Bancorp The accumulated 62,203 shares or 0.05% of the stock. Asset Mngmt Incorporated has invested 0.04% in NetApp, Inc. (NASDAQ:NTAP). Royal Bancorp Of Canada holds 0% or 58,925 shares in its portfolio. Moreover, Louisiana State Employees Retirement Sys has 0.03% invested in NetApp, Inc. (NASDAQ:NTAP) for 16,800 shares. Shamrock Asset Mngmt Ltd Limited Liability Company stated it has 0.02% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Dimensional Fund Limited Partnership owns 1.42 million shares for 0.03% of their portfolio. Cornerstone holds 0% or 41 shares in its portfolio. Canada Pension Plan Investment Board invested in 0.1% or 1.09M shares. Ls Inv Advsrs Ltd invested in 10,444 shares or 0.03% of the stock.

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By1 Moses P. Lee

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