Parthenon Trimmed By $373,771 Its Johnson & Johnson (JNJ) Stake; Arrowpoint Asset Management Trimmed Rignet (RNET) Holding

May 20, 2018 - By David Stenberg

RigNet, Inc. (NASDAQ:RNET) Logo

Arrowpoint Asset Management Llc decreased Rignet Inc (RNET) stake by 0.83% reported in 2017Q4 SEC filing. Arrowpoint Asset Management Llc sold 22,324 shares as Rignet Inc (RNET)’s stock declined 13.55%. The Arrowpoint Asset Management Llc holds 2.65 million shares with $39.65 million value, down from 2.67M last quarter. Rignet Inc now has $228.49M valuation. The stock decreased 7.81% or $1 during the last trading session, reaching $11.8. About 57,111 shares traded or 93.31% up from the average. RigNet, Inc. (NASDAQ:RNET) has declined 32.66% since May 20, 2017 and is downtrending. It has underperformed by 44.21% the S&P500.

Parthenon Llc decreased Johnson & Johnson (JNJ) stake by 1.73% reported in 2017Q4 SEC filing. Parthenon Llc sold 2,689 shares as Johnson & Johnson (JNJ)’s stock declined 9.21%. The Parthenon Llc holds 152,593 shares with $21.32M value, down from 155,282 last quarter. Johnson & Johnson now has $333.23B valuation. The stock increased 0.31% or $0.39 during the last trading session, reaching $124.24. About 5.43 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since May 20, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on July, 17. They expect $2.05 earnings per share, up 12.02% or $0.22 from last year’s $1.83 per share. JNJ’s profit will be $5.50 billion for 15.15 P/E if the $2.05 EPS becomes a reality. After $2.06 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -0.49% negative EPS growth.

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Seekingalpha.com which released: “Johnson & Johnson: Waiting On The Wave” on May 11, 2018, also Livetradingnews.com with their article: “Johnson & Johnson (NYSE:JNJ) Heffx Stock Technicals” published on May 18, 2018, Seekingalpha.com published: “Johnson & Johnson Sells Off After Earnings” on April 22, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Seekingalpha.com and their article: “Johnson & Johnson (JNJ) Consumer and Medical Devices Business Review – Brokers Conference Transcript” published on May 17, 2018 as well as 247Wallst.com‘s news article titled: “Johnson & Johnson Commits to Yet Another Dividend Hike” with publication date: April 26, 2018.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 100 analyst reports since August 7, 2015 according to SRatingsIntel. As per Tuesday, February 27, the company rating was maintained by Citigroup. Argus Research maintained it with “Buy” rating and $130 target in Wednesday, April 20 report. BTIG Research downgraded the stock to “Sell” rating in Friday, July 21 report. The rating was upgraded by Deutsche Bank to “Buy” on Tuesday, September 29. The rating was maintained by BMO Capital Markets on Thursday, October 5 with “Buy”. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, July 18 report. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, October 7. The rating was maintained by Jefferies on Friday, March 23 with “Buy”. Societe Generale initiated Johnson & Johnson (NYSE:JNJ) on Wednesday, April 6 with “Hold” rating. Barclays Capital maintained Johnson & Johnson (NYSE:JNJ) rating on Wednesday, April 20. Barclays Capital has “Overweight” rating and $120 target.

Since February 15, 2018, it had 0 insider purchases, and 1 sale for $20.17 million activity. $20.17 million worth of Johnson & Johnson (NYSE:JNJ) was sold by Stoffels Paulus on Thursday, February 15.

Investors sentiment increased to 0.87 in Q4 2017. Its up 0.04, from 0.83 in 2017Q3. It is positive, as 35 investors sold JNJ shares while 884 reduced holdings. 143 funds opened positions while 654 raised stakes. 1.72 billion shares or 0.40% more from 1.71 billion shares in 2017Q3 were reported. Beach Invest Counsel Inc Pa reported 3.74% stake. Pinnacle Ptnrs holds 85,854 shares or 1.26% of its portfolio. Wallace Cap Incorporated reported 2.31% of its portfolio in Johnson & Johnson (NYSE:JNJ). Philadelphia invested 0.19% in Johnson & Johnson (NYSE:JNJ). Confluence Wealth Mngmt stated it has 7,112 shares or 0.47% of all its holdings. Opus Group Limited Liability Co has 0.29% invested in Johnson & Johnson (NYSE:JNJ) for 9,544 shares. Kansas-based Paragon Capital Mngmt Limited Co has invested 4.06% in Johnson & Johnson (NYSE:JNJ). Supplemental Annuity Collective Of Nj, New Jersey-based fund reported 31,934 shares. Ckw Grp Inc has invested 0.02% of its portfolio in Johnson & Johnson (NYSE:JNJ). Fruth Invest Management has invested 1.85% in Johnson & Johnson (NYSE:JNJ). Night Owl Mgmt Lc invested in 0.21% or 3,191 shares. Birmingham Management Incorporated Al has 3.03% invested in Johnson & Johnson (NYSE:JNJ). Checchi Cap Advisers Limited Liability Corp holds 0.53% or 28,172 shares in its portfolio. Alphaone Ser Ltd Liability has 0.04% invested in Johnson & Johnson (NYSE:JNJ) for 928 shares. Evercore Wealth Ltd Limited Liability Company has invested 1.59% in Johnson & Johnson (NYSE:JNJ).

Arrowpoint Asset Management Llc increased Tennant Co (NYSE:TNC) stake by 377,347 shares to 1.91 million valued at $139.05 million in 2017Q4. It also upped Axon Enterprise Inc stake by 385,793 shares and now owns 1.00M shares. Sensata Technologies Hldg Nv (NYSE:ST) was raised too.

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.37, from 1.56 in 2017Q3. It fall, as 9 investors sold RNET shares while 18 reduced holdings. 12 funds opened positions while 20 raised stakes. 15.91 million shares or 0.46% less from 15.98 million shares in 2017Q3 were reported. Jpmorgan Chase & holds 434,377 shares or 0% of its portfolio. Cornerstone Capital Mngmt Ltd accumulated 36,371 shares. Morgan Stanley accumulated 34,616 shares. Renaissance Technologies, a New York-based fund reported 586,600 shares. Stratos Wealth Prns Limited, Ohio-based fund reported 100 shares. Deutsche Retail Bank Ag stated it has 29,494 shares. Sg Americas Securities Ltd Liability Co holds 0% or 7,367 shares. Minnesota-based Punch And Assocs Invest Mgmt has invested 0.49% in RigNet, Inc. (NASDAQ:RNET). Wedge Capital Mngmt L LP Nc has invested 0% in RigNet, Inc. (NASDAQ:RNET). Bancorp Of America De holds 2,929 shares. Ajo Limited Partnership reported 61,147 shares stake. 11,403 are held by Manufacturers Life Insurance The. Invesco Limited owns 106,880 shares. Macquarie Gp reported 0% in RigNet, Inc. (NASDAQ:RNET). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corporation holds 0% in RigNet, Inc. (NASDAQ:RNET) or 12,000 shares.

Analysts await RigNet, Inc. (NASDAQ:RNET) to report earnings on August, 6. They expect $-0.15 EPS, up 37.50% or $0.09 from last year’s $-0.24 per share. After $-0.25 actual EPS reported by RigNet, Inc. for the previous quarter, Wall Street now forecasts -40.00% EPS growth.

Since March 19, 2018, it had 0 buys, and 3 insider sales for $313,108 activity. 12,000 shares were sold by Davis Charles Louis IV, worth $161,424. 3,300 RigNet, Inc. (NASDAQ:RNET) shares with value of $43,599 were sold by Mulloy Kevin C..

Among 4 analysts covering RigNet (NASDAQ:RNET), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. RigNet had 8 analyst reports since August 5, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of RNET in report on Wednesday, August 5 with “Hold” rating. As per Tuesday, November 10, the company rating was downgraded by Sidoti. The rating was upgraded by Sidoti to “Buy” on Tuesday, June 28. The stock has “Buy” rating by Sidoti on Monday, August 31. The firm earned “Hold” rating on Wednesday, August 16 by Piper Jaffray. The stock has “Market Perform” rating by Wells Fargo on Thursday, March 8.

RigNet, Inc. (NASDAQ:RNET) Institutional Positions Chart

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