M&T Bank Trimmed Its General Electric Co (GE) Holding; Cadian Capital Management LP Trimmed Its Varonis Sys (VRNS) Position

February 21, 2018 - By Moses P. Lee

M&T Bank Corp decreased General Electric Co (GE) stake by 0.98% reported in 2017Q3 SEC filing. M&T Bank Corp sold 75,403 shares as General Electric Co (GE)’s stock declined 7.64%. The M&T Bank Corp holds 7.60 million shares with $183.76M value, down from 7.68M last quarter. General Electric Co now has $126.79B valuation. The stock decreased 0.81% or $0.12 during the last trading session, reaching $14.62. About 50.80 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 21, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Cadian Capital Management Lp decreased Varonis Sys Inc (VRNS) stake by 11.21% reported in 2017Q3 SEC filing. Cadian Capital Management Lp sold 269,335 shares as Varonis Sys Inc (VRNS)’s stock rose 28.62%. The Cadian Capital Management Lp holds 2.13 million shares with $89.42 million value, down from 2.40 million last quarter. Varonis Sys Inc now has $1.64 billion valuation. The stock increased 4.29% or $2.4 during the last trading session, reaching $58.3. About 217,169 shares traded. Varonis Systems, Inc. (NASDAQ:VRNS) has risen 60.85% since February 21, 2017 and is uptrending. It has outperformed by 44.15% the S&P500.

M&T Bank Corp increased Duke Energy Corp (NYSE:DUK) stake by 210,698 shares to 317,526 valued at $26.65 million in 2017Q3. It also upped Vertex Pharmaceuticals Inc (NASDAQ:VRTX) stake by 3,748 shares and now owns 19,510 shares. Cbs Corp New (NYSE:CBS) was raised too.

Since August 22, 2017, it had 1 insider purchase, and 0 selling transactions for $43,446 activity. 100,000 shares valued at $2.46M were bought by TISCH JAMES S on Tuesday, August 22. The insider DIMITRIEF ALEXANDER bought $43,446.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20. They expect $0.12 earnings per share, down 42.86% or $0.09 from last year’s $0.21 per share. GE’s profit will be $1.04 billion for 30.46 P/E if the $0.12 EPS becomes a reality. After $0.27 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by CFRA on Wednesday, January 24 with “Hold”. The company was downgraded on Monday, October 23 by UBS. The firm has “Hold” rating given on Monday, July 17 by Cowen & Co. Citigroup maintained it with “Buy” rating and $28 target in Monday, October 23 report. On Tuesday, October 20 the stock rating was maintained by S&P Research with “Buy”. The stock has “Outperform” rating by Credit Suisse on Thursday, October 5. S&P Research maintained the stock with “Buy” rating in Wednesday, October 14 report. The stock has “Market Perform” rating by Bernstein on Tuesday, July 26. The company was maintained on Monday, August 17 by S&P Research. The stock has “Sell” rating by Deutsche Bank on Monday, September 11.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It worsened, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. 14.59 million were accumulated by Boston Prtnrs. Financial Advisory Gru invested in 14,241 shares or 0.12% of the stock. Crestwood Limited Liability Company has 42,195 shares for 0.09% of their portfolio. Overbrook Management reported 0.43% stake. Investment Ltd Oh Adv invested in 40,445 shares. Northwest Counselors Ltd Llc, Oregon-based fund reported 10,778 shares. Arrow Financial Corporation has invested 1.15% in General Electric Company (NYSE:GE). Blair William Co Il invested in 2.77M shares. Zwj Counsel Incorporated holds 0.36% or 189,088 shares in its portfolio. State Of Alaska Department Of Revenue reported 41,308 shares stake. 139,369 are held by Bridges Invest Mgmt. Garrison Bradford & Associate holds 18,780 shares or 0.38% of its portfolio. Moreover, Independence Tru has 2.78% invested in General Electric Company (NYSE:GE) for 100,872 shares. Engineers Gate Manager Limited Partnership holds 0.19% or 91,622 shares in its portfolio. Cannell Peter B And Com Inc accumulated 0.37% or 437,040 shares.

Investors sentiment decreased to 1.72 in Q3 2017. Its down 1.04, from 2.76 in 2017Q2. It turned negative, as 13 investors sold VRNS shares while 37 reduced holdings. 33 funds opened positions while 53 raised stakes. 21.73 million shares or 6.19% more from 20.47 million shares in 2017Q2 were reported. Bamco Incorporated New York has invested 0.04% in Varonis Systems, Inc. (NASDAQ:VRNS). Meeder Asset Mgmt Incorporated, a Ohio-based fund reported 264 shares. Oberweis Asset reported 78,600 shares. Emerald Mutual Fund Advisers Tru invested 1.01% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). Financial Bank Of Mellon Corporation holds 0% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS) for 367,787 shares. Symmetry Peak Lc stated it has 0.1% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). Shannon River Fund Ltd holds 1.61% or 117,695 shares. Raymond James And Assoc has invested 0.01% in Varonis Systems, Inc. (NASDAQ:VRNS). 14,060 were accumulated by Natixis. Amer Intl Gru Incorporated Inc has invested 0% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). Jacobs Levy Equity reported 66,850 shares. Deutsche Retail Bank Ag invested in 269,127 shares or 0.01% of the stock. Fortaleza Asset Mgmt has invested 0.31% in Varonis Systems, Inc. (NASDAQ:VRNS). State Board Of Administration Of Florida Retirement Systems invested in 6,277 shares or 0% of the stock. Hussman Strategic Advsrs stated it has 50,000 shares.

Since September 7, 2017, it had 0 buys, and 9 sales for $15.24 million activity. O’Boyle James sold 40,000 shares worth $1.64 million. Shares for $2.90M were sold by Faitelson Yakov on Monday, September 18. Korkus Ohad sold $4.00 million worth of stock. Melamed Guy sold $360,868 worth of stock. The insider Iohan Gili sold $1.97M.

Analysts await Varonis Systems, Inc. (NASDAQ:VRNS) to report earnings on May, 3. They expect $-0.49 earnings per share, down 22.50% or $0.09 from last year’s $-0.4 per share. After $0.18 actual earnings per share reported by Varonis Systems, Inc. for the previous quarter, Wall Street now forecasts -372.22% negative EPS growth.

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By1 Moses P. Lee

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