Employees Retirement System Of Texas Position in Johnson & Johnson (JNJ) Has Decreased as Share Value Rose; Oclaro (OCLR) Position Maintained by Springowl Associates Llc

February 25, 2018 - By Vivian Park

Andrew Wallach increased its stake in Oclaro Inc (OCLR) by 50% based on its latest 2017Q3 regulatory filing with the SEC. Springowl Associates Llc bought 50,000 shares as the company’s stock declined 22.87% while stock markets rallied. The hedge fund run by Andrew Wallach held 150,000 shares of the technology company at the end of 2017Q3, valued at $1.30 million, up from 100,000 at the end of the previous reported quarter. Springowl Associates Llc who had been investing in Oclaro Inc for a number of months, seems to be bullish on the $1.20 billion market cap company. The stock increased 3.22% or $0.22 during the last trading session, reaching $7.05. About 5.01M shares traded or 2.19% up from the average. Oclaro, Inc. (NASDAQ:OCLR) has risen 92.74% since February 25, 2017 and is uptrending. It has outperformed by 76.04% the S&P500.

Employees Retirement System Of Texas decreased its stake in Johnson & Johnson (JNJ) by 5.12% based on its latest 2017Q3 regulatory filing with the SEC. Employees Retirement System Of Texas sold 29,300 shares as the company’s stock rose 6.85% with the market. The institutional investor held 543,100 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $70.61M, down from 572,400 at the end of the previous reported quarter. Employees Retirement System Of Texas who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $354.67 billion market cap company. The stock increased 1.62% or $2.11 during the last trading session, reaching $132.02. About 5.13 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since February 25, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Employees Retirement System Of Texas, which manages about $7.64B US Long portfolio, upped its stake in Illumina Inc (NASDAQ:ILMN) by 2,000 shares to 9,000 shares, valued at $1.79 million in 2017Q3, according to the filing. It also increased its holding in Macom Tech Solutions Hldgs I (NASDAQ:MTSI) by 20,000 shares in the quarter, for a total of 35,158 shares, and has risen its stake in Vaneck Vectors Etf Tr.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 18 by Jefferies. The rating was upgraded by Wells Fargo on Monday, October 9 to “Buy”. The stock of Johnson & Johnson (NYSE:JNJ) earned “Hold” rating by Stifel Nicolaus on Wednesday, October 18. Cowen & Co maintained Johnson & Johnson (NYSE:JNJ) rating on Friday, October 6. Cowen & Co has “Buy” rating and $147.0 target. The rating was upgraded by Jefferies on Wednesday, October 11 to “Buy”. The stock of Johnson & Johnson (NYSE:JNJ) earned “Outperform” rating by Cowen & Co on Tuesday, August 25. Argus Research maintained it with “Buy” rating and $165 target in Wednesday, October 18 report. The stock of Johnson & Johnson (NYSE:JNJ) earned “Buy” rating by Citigroup on Monday, October 23. BTIG Research maintained Johnson & Johnson (NYSE:JNJ) rating on Tuesday, January 23. BTIG Research has “Sell” rating and $110.0 target. The company was maintained on Thursday, October 19 by Credit Suisse.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on April, 17. They expect $2.01 EPS, up 9.84% or $0.18 from last year’s $1.83 per share. JNJ’s profit will be $5.40 billion for 16.42 P/E if the $2.01 EPS becomes a reality. After $1.74 actual EPS reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts 15.52% EPS growth.

Since February 15, 2018, it had 0 insider buys, and 1 insider sale for $20.17 million activity.

Investors sentiment is 0.83 in Q3 2017. Its the same as in 2017Q2. It is the same, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. 1.71 billion shares or 0.90% less from 1.73 billion shares in 2017Q2 were reported. Zeke Cap Ltd Llc has invested 1.08% in Johnson & Johnson (NYSE:JNJ). Van Strum Towne holds 3.86% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 45,628 shares. Cornerstone Incorporated has invested 1.7% in Johnson & Johnson (NYSE:JNJ). Telos Cap Mngmt Incorporated holds 1.17% or 23,287 shares in its portfolio. Green Square Capital Limited Com holds 43,007 shares or 1.01% of its portfolio. Tukman Grossman Management has 83,038 shares for 8.11% of their portfolio. Carnegie Asset Ltd Limited Liability Company reported 1.69% in Johnson & Johnson (NYSE:JNJ). Deltec Asset Limited Company holds 0.09% in Johnson & Johnson (NYSE:JNJ) or 3,425 shares. Beech Hill has 6,575 shares. Rothschild Invest Corp Il accumulated 51,389 shares. Usca Ria Limited Liability Com holds 0.84% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 49,024 shares. Ironwood Ltd Limited Liability Company holds 263 shares. Hendershot Invests Inc owns 38,300 shares for 2.12% of their portfolio. Perella Weinberg Prns Cap Management Limited Partnership invested 0.14% of its portfolio in Johnson & Johnson (NYSE:JNJ). Callahan Advsrs Ltd Limited Liability Company holds 102,145 shares.

Investors sentiment decreased to 1.28 in 2017 Q3. Its down 0.23, from 1.51 in 2017Q2. It fall, as 43 investors sold OCLR shares while 60 reduced holdings. 39 funds opened positions while 93 raised stakes. 115.55 million shares or 1.25% more from 114.12 million shares in 2017Q2 were reported. Aqr Capital Management stated it has 0% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). 42,716 are owned by Mason Street Lc. Sg Americas Limited Liability owns 103,320 shares for 0.01% of their portfolio. Fdx Incorporated holds 0% or 17,608 shares in its portfolio. S Squared Ltd Limited Liability Company owns 1.64% invested in Oclaro, Inc. (NASDAQ:OCLR) for 225,000 shares. Virginia-based Thompson Davis & Communications has invested 0.58% in Oclaro, Inc. (NASDAQ:OCLR). The New York-based Tocqueville Asset Limited Partnership has invested 0.01% in Oclaro, Inc. (NASDAQ:OCLR). Dana Invest holds 271,389 shares. Falcon Point Cap Limited Liability Company has 0.01% invested in Oclaro, Inc. (NASDAQ:OCLR). Park Avenue Ltd Liability Corp accumulated 10,463 shares or 0.03% of the stock. Etrade Cap reported 0.04% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). Bokf Na stated it has 0% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). 1492 Cap Management Lc holds 2.35% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR) for 307,881 shares. Moreover, Stifel Fin Corporation has 0% invested in Oclaro, Inc. (NASDAQ:OCLR). Pacad Inv Ltd holds 0.14% or 70,999 shares.

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By1 Vivian Park

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