Servicesource Intl (SREV) Stock Declined While Lyon Street Capital Has Raised by $1.19 Million Its Stake; Pier Capital Has Boosted Its Maxlinear Class A (MXL) Holding by $1.43 Million

February 15, 2018 - By Dolores Ford

Pier Capital Llc increased its stake in Maxlinear Inc Class A (MXL) by 31.79% based on its latest 2017Q3 regulatory filing with the SEC. Pier Capital Llc bought 62,375 shares as the company’s stock rose 16.78% with the market. The institutional investor held 258,611 shares of the technology company at the end of 2017Q3, valued at $6.14 million, up from 196,236 at the end of the previous reported quarter. Pier Capital Llc who had been investing in Maxlinear Inc Class A for a number of months, seems to be bullish on the $1.55B market cap company. The stock decreased 0.17% or $0.04 during the last trading session, reaching $23.18. About 379,967 shares traded. MaxLinear, Inc. (NYSE:MXL) has risen 63.31% since February 15, 2017 and is uptrending. It has outperformed by 46.61% the S&P500.

Brian C. Freckmann increased its stake in Servicesource Intl Inc (SREV) by 552.6% based on its latest 2017Q3 regulatory filing with the SEC. Lyon Street Capital Llc bought 397,660 shares as the company’s stock declined 45.63% while stock markets rallied. The hedge fund run by Brian C. Freckmann held 469,622 shares of the miscellaneous company at the end of 2017Q3, valued at $1.63 million, up from 71,962 at the end of the previous reported quarter. Lyon Street Capital Llc who had been investing in Servicesource Intl Inc for a number of months, seems to be bullish on the $323.65M market cap company. The stock increased 3.76% or $0.13 during the last trading session, reaching $3.59. About 208,919 shares traded. ServiceSource International, Inc. (NASDAQ:SREV) has declined 12.19% since February 15, 2017 and is downtrending. It has underperformed by 28.89% the S&P500.

Pier Capital Llc, which manages about $576.61M US Long portfolio, decreased its stake in Ishares Russell 2000 Growth (IWO) by 17,476 shares to 14,313 shares, valued at $2.56 million in 2017Q3, according to the filing. It also reduced its holding in The Trade Desk Inc by 9,505 shares in the quarter, leaving it with 104,887 shares, and cut its stake in Pinnacle Financial Partners In (NASDAQ:PNFP).

Among 11 analysts covering Maxlinear Inc. (NYSE:MXL), 11 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Maxlinear Inc. had 37 analyst reports since September 17, 2015 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Friday, March 31 report. Susquehanna maintained it with “Buy” rating and $3400 target in Monday, July 17 report. The stock of MaxLinear, Inc. (NYSE:MXL) earned “Buy” rating by Stifel Nicolaus on Wednesday, September 27. The firm earned “Buy” rating on Tuesday, November 8 by Needham. The stock has “Buy” rating by Needham on Wednesday, August 9. The firm has “Buy” rating given on Thursday, September 17 by Needham. The company was maintained on Thursday, January 7 by Maxim Group. The stock has “Buy” rating by Needham on Friday, February 10. Roth Capital maintained MaxLinear, Inc. (NYSE:MXL) on Wednesday, January 13 with “Buy” rating. Roth Capital maintained the shares of MXL in report on Tuesday, February 13 with “Buy” rating.

Investors sentiment decreased to 1.18 in Q3 2017. Its down 0.19, from 1.37 in 2017Q2. It turned negative, as 37 investors sold MXL shares while 43 reduced holdings. 25 funds opened positions while 69 raised stakes. 54.60 million shares or 2.82% more from 53.10 million shares in 2017Q2 were reported. Firsthand Mngmt Incorporated stated it has 50,000 shares or 1.05% of all its holdings. Price T Rowe Associates Md holds 0.01% or 2.50 million shares. Stratos Wealth Prns Limited invested 0.01% of its portfolio in MaxLinear, Inc. (NYSE:MXL). California State Teachers Retirement System, a California-based fund reported 96,368 shares. Wellington Group Ltd Liability Partnership reported 0.01% in MaxLinear, Inc. (NYSE:MXL). Moreover, Lord Abbett & Lc has 0.01% invested in MaxLinear, Inc. (NYSE:MXL) for 82,024 shares. State Of Alaska Department Of Revenue stated it has 11,956 shares. Great West Life Assurance Can reported 0% of its portfolio in MaxLinear, Inc. (NYSE:MXL). Pnc Fin Grp holds 2,550 shares or 0% of its portfolio. 10,165 were accumulated by Campbell Newman Asset Management. First Trust LP reported 40,898 shares. Alphamark Advsr Limited Liability Com reported 32,950 shares or 0.33% of all its holdings. 9,008 were accumulated by Granahan Inv Management Ma. State Of Wisconsin Investment Board has 618,427 shares. Los Angeles Cap Management And Equity Incorporated, California-based fund reported 9,625 shares.

Since January 9, 2018, it had 0 insider purchases, and 1 sale for $700,554 activity.

Among 2 analysts covering ServiceSource International (NASDAQ:SREV), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. ServiceSource International had 5 analyst reports since August 24, 2016 according to SRatingsIntel. JMP Securities maintained ServiceSource International, Inc. (NASDAQ:SREV) on Wednesday, August 24 with “Market Outperform” rating. Northland Capital maintained the stock with “Hold” rating in Thursday, November 9 report. As per Friday, July 28, the company rating was maintained by Northland Capital. Northland Capital downgraded ServiceSource International, Inc. (NASDAQ:SREV) on Wednesday, February 22 to “Market Perform” rating. The stock has “Hold” rating by Northland Capital on Thursday, October 5.

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By1 Dolores Ford

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