Paloma Partners Management Company Cut Holding in Roper Technologies (ROP) by $362,313; Nike (NKE) Holder Bank Of Stockton Has Lowered Its Stake

February 18, 2018 - By Richard Conner

Bank Of Stockton decreased its stake in Nike Inc. (NKE) by 39.71% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of Stockton sold 6,100 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 9,260 shares of the consumer non-durables company at the end of 2017Q3, valued at $480,000, down from 15,360 at the end of the previous reported quarter. Bank Of Stockton who had been investing in Nike Inc. for a number of months, seems to be less bullish one the $111.12 billion market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $68.3. About 6.84M shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since February 18, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Paloma Partners Management Company decreased its stake in Roper Technologies Inc (ROP) by 28.81% based on its latest 2017Q3 regulatory filing with the SEC. Paloma Partners Management Company sold 1,491 shares as the company’s stock rose 6.97% with the market. The institutional investor held 3,685 shares of the capital goods company at the end of 2017Q3, valued at $897,000, down from 5,176 at the end of the previous reported quarter. Paloma Partners Management Company who had been investing in Roper Technologies Inc for a number of months, seems to be less bullish one the $28.28 billion market cap company. The stock increased 0.20% or $0.56 during the last trading session, reaching $276.31. About 492,866 shares traded or 8.45% up from the average. Roper Technologies, Inc. (NYSE:ROP) has risen 23.10% since February 18, 2017 and is uptrending. It has outperformed by 6.40% the S&P500.

Investors sentiment increased to 1.28 in 2017 Q3. Its up 0.34, from 0.94 in 2017Q2. It is positive, as 19 investors sold ROP shares while 170 reduced holdings. 58 funds opened positions while 184 raised stakes. 98.93 million shares or 4.07% more from 95.07 million shares in 2017Q2 were reported. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys accumulated 8,313 shares. Axa has 401,876 shares for 0.42% of their portfolio. Everence Capital Mgmt Incorporated reported 3,701 shares stake. Johnson Counsel holds 147,871 shares. Advisory Rech accumulated 4,387 shares. 2,810 were accumulated by Horizon Invs Ltd Liability. 107,915 are owned by Kayne Anderson Rudnick Investment Ltd Company. D E Shaw & Incorporated invested in 0% or 1,449 shares. Tiger Eye Capital Ltd Limited Liability Company reported 20,000 shares or 0.72% of all its holdings. Blair William Communications Il has 0.04% invested in Roper Technologies, Inc. (NYSE:ROP). Donaldson Capital Mngmt Lc holds 0.08% of its portfolio in Roper Technologies, Inc. (NYSE:ROP) for 2,996 shares. Farmers And Merchants Invests Inc invested in 0.58% or 30,219 shares. Amg Natl Bancorp has 1,323 shares for 0.02% of their portfolio. Shell Asset Mgmt Com invested in 23,861 shares or 0.06% of the stock. Deutsche Bancshares Ag holds 0.14% or 815,221 shares in its portfolio.

Among 13 analysts covering Roper Industries Inc. (NYSE:ROP), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Roper Industries Inc. had 52 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained Roper Technologies, Inc. (NYSE:ROP) rating on Sunday, February 4. RBC Capital Markets has “Buy” rating and $319.0 target. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, February 2. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, November 1. The rating was maintained by Stifel Nicolaus on Wednesday, July 19 with “Buy”. Oppenheimer upgraded the shares of ROP in report on Friday, January 6 to “Outperform” rating. On Monday, June 5 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating by J.P. Morgan given on Wednesday, September 20. The firm has “Buy” rating by Stifel Nicolaus given on Friday, January 19. The stock has “Sell” rating by Zacks on Thursday, August 20. The rating was initiated by Raymond James on Wednesday, July 20 with “Strong Buy”.

Paloma Partners Management Company, which manages about $7.27 billion US Long portfolio, upped its stake in Align Technology Inc (NASDAQ:ALGN) by 9,136 shares to 10,714 shares, valued at $2.00M in 2017Q3, according to the filing. It also increased its holding in Expeditors Intl Wash Inc (Call) (NASDAQ:EXPD) by 44,656 shares in the quarter, for a total of 50,000 shares, and has risen its stake in Alaska Airgroup Inc (Call) (NYSE:ALK).

Since August 14, 2017, it had 0 insider buys, and 7 selling transactions for $104.16 million activity. WRIGHT CHRISTOPHER also sold $234,000 worth of Roper Technologies, Inc. (NYSE:ROP) on Monday, August 14. Shares for $1.23 million were sold by Conley Jason on Wednesday, September 20. $1.04 million worth of stock was sold by KNOWLING ROBERT E JR on Tuesday, October 31. 1,000 shares were sold by Thatcher Laura G, worth $235,473.

Since September 14, 2017, it had 0 buys, and 8 selling transactions for $37.22 million activity. Slusher John F also sold $7.94 million worth of NIKE, Inc. (NYSE:NKE) shares. Shares for $8.78 million were sold by PARKER MARK G on Friday, December 15. Shares for $855,206 were sold by RODGERS JOHNATHAN A on Thursday, September 14. EDWARDS TREVOR A had sold 100,000 shares worth $6.85M. 100,000 shares were sold by SPRUNK ERIC D, worth $6.77M on Monday, January 29.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 222 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Hold” rating by Canaccord Genuity on Thursday, March 23. The firm earned “Hold” rating on Tuesday, November 28 by HSBC. Stifel Nicolaus maintained it with “Buy” rating and $6600 target in Friday, July 21 report. The company was upgraded on Monday, August 24 by Kelsey Advisory Group. B. Riley & Co maintained NIKE, Inc. (NYSE:NKE) on Friday, October 16 with “Buy” rating. The stock has “Hold” rating by J.P. Morgan on Friday, June 16. The stock of NIKE, Inc. (NYSE:NKE) earned “Outperform” rating by Telsey Advisory Group on Monday, August 24. Macquarie Research maintained NIKE, Inc. (NYSE:NKE) on Friday, September 25 with “Outperform” rating. On Monday, December 18 the stock rating was maintained by Telsey Advisory Group with “Outperform”. On Wednesday, June 29 the stock rating was maintained by Credit Suisse with “Outperform”.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.20, from 1 in 2017Q2. It dropped, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Douglass Winthrop Advisors Lc invested 2.1% of its portfolio in NIKE, Inc. (NYSE:NKE). Financial Mgmt Pro accumulated 0% or 21 shares. Notis reported 0.21% of its portfolio in NIKE, Inc. (NYSE:NKE). Weatherly Asset Management Ltd Partnership holds 0.56% or 41,061 shares. Sigma Planning Corp stated it has 19,560 shares. Marathon Asset Management Llp accumulated 0.42% or 487,353 shares. Toronto Dominion Bancshares holds 514,544 shares. Massachusetts-based Amundi Pioneer Asset Mgmt has invested 0.31% in NIKE, Inc. (NYSE:NKE). Granite Investment Lc, a California-based fund reported 154,220 shares. Fiduciary Finance Of The Southwest Tx holds 0.54% or 35,026 shares in its portfolio. 12,450 were reported by Warren Averett Asset Management Limited. Gilman Hill Asset Management Limited Liability Corp owns 0.08% invested in NIKE, Inc. (NYSE:NKE) for 4,000 shares. Saturna Capital Corporation, a Washington-based fund reported 809,426 shares. Bridges Investment Counsel holds 0.31% or 10,674 shares in its portfolio. Stevens Mngmt Ltd Partnership has invested 0.08% of its portfolio in NIKE, Inc. (NYSE:NKE).

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By1 Richard Conner

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