Truenorth Has Decreased Its Holding in Cyberark Software LTD (CYBR) as Stock Declined; As Bed Bath & Beyond (BBBY) Market Value Declined, Texas Permanent School Fund Raised by $1.48 Million Its Stake

February 4, 2018 - By Linda Rogers

Texas Permanent School Fund increased its stake in Bed Bath & Beyond Inc (BBBY) by 157.97% based on its latest 2017Q3 regulatory filing with the SEC. Texas Permanent School Fund bought 64,428 shares as the company’s stock declined 14.12% while stock markets rallied. The institutional investor held 105,213 shares of the home furnishings company at the end of 2017Q3, valued at $2.47 million, up from 40,785 at the end of the previous reported quarter. Texas Permanent School Fund who had been investing in Bed Bath & Beyond Inc for a number of months, seems to be bullish on the $3.09 billion market cap company. The stock decreased 4.54% or $1.03 during the last trading session, reaching $21.68. About 4.92M shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 16.34% since February 4, 2017 and is downtrending. It has underperformed by 33.04% the S&P500.

Truenorth Inc decreased its stake in Cyberark Software Ltd (CYBR) by 47.01% based on its latest 2017Q3 regulatory filing with the SEC. Truenorth Inc sold 13,319 shares as the company’s stock declined 11.21% while stock markets rallied. The institutional investor held 15,011 shares of the prepackaged software company at the end of 2017Q3, valued at $615,000, down from 28,330 at the end of the previous reported quarter. Truenorth Inc who had been investing in Cyberark Software Ltd for a number of months, seems to be less bullish one the $1.54B market cap company. The stock increased 0.50% or $0.22 during the last trading session, reaching $44.25. About 482,796 shares traded or 10.34% up from the average. CyberArk Software Ltd. (NASDAQ:CYBR) has risen 9.69% since February 4, 2017 and is uptrending. It has underperformed by 7.01% the S&P500.

Among 26 analysts covering Cyber-Ark Software (NASDAQ:CYBR), 16 have Buy rating, 0 Sell and 10 Hold. Therefore 62% are positive. Cyber-Ark Software had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Thursday, November 9 with “Hold”. As per Tuesday, August 8, the company rating was maintained by Evercore. The firm has “Buy” rating given on Friday, November 3 by Needham. As per Tuesday, September 1, the company rating was upgraded by Piper Jaffray. The stock has “Buy” rating by Goldman Sachs on Monday, March 21. The company was upgraded on Tuesday, August 18 by Zacks. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, November 2. The rating was maintained by Needham with “Buy” on Tuesday, September 12. Cowen & Co maintained it with “Hold” rating and $43.0 target in Wednesday, September 6 report. UBS maintained it with “Neutral” rating and $50 target in Friday, November 3 report.

Analysts await CyberArk Software Ltd. (NASDAQ:CYBR) to report earnings on February, 8. They expect $0.22 earnings per share, down 26.67% or $0.08 from last year’s $0.3 per share. CYBR’s profit will be $7.64M for 50.28 P/E if the $0.22 EPS becomes a reality. After $0.09 actual earnings per share reported by CyberArk Software Ltd. for the previous quarter, Wall Street now forecasts 144.44% EPS growth.

Truenorth Inc, which manages about $406.36M and $215.53M US Long portfolio, upped its stake in Claymore Exchange Trd Fd Tr (BSJJ) by 87,976 shares to 128,194 shares, valued at $3.17 million in 2017Q3, according to the filing. It also increased its holding in Claymore Exchange Trd Fd Tr (BSJK) by 86,715 shares in the quarter, for a total of 125,634 shares, and has risen its stake in General Electric Co (NYSE:GE).

Among 31 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 9 Sell and 20 Hold. Therefore 6% are positive. Bed Bath & Beyond had 70 analyst reports since September 21, 2015 according to SRatingsIntel. Citigroup maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Thursday, April 7 with “Sell” rating. The rating was maintained by Jefferies with “Hold” on Wednesday, September 20. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Hold” rating by Oppenheimer on Friday, June 23. The company was downgraded on Tuesday, January 19 by BB&T Capital. The firm has “Neutral” rating by Wedbush given on Wednesday, December 23. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Hold” rating by Jefferies on Thursday, October 8. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Hold” rating by Robert W. Baird on Monday, June 19. On Wednesday, September 20 the stock rating was maintained by Bank of America with “Underperform”. The firm has “Market Perform” rating by Telsey Advisory Group given on Wednesday, December 23. The company was maintained on Thursday, December 22 by Telsey Advisory Group.

Texas Permanent School Fund, which manages about $7.79 billion US Long portfolio, decreased its stake in Medtronic Plc (NYSE:MDT) by 9,217 shares to 375,398 shares, valued at $29.20M in 2017Q3, according to the filing. It also reduced its holding in Morgan Stanley (NYSE:MS) by 8,286 shares in the quarter, leaving it with 391,908 shares, and cut its stake in Charter Communications Inc N.

Investors sentiment increased to 0.81 in 2017 Q3. Its up 0.06, from 0.75 in 2017Q2. It improved, as 84 investors sold BBBY shares while 103 reduced holdings. 39 funds opened positions while 113 raised stakes. 129.74 million shares or 2.88% less from 133.60 million shares in 2017Q2 were reported. State Of Wisconsin Inv Board has invested 0.01% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Franklin Incorporated has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Commercial Bank Of Mellon has invested 0.03% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Jane Street Group holds 0.01% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 98,134 shares. Howe & Rusling Incorporated holds 0% or 100 shares. Winslow Evans And Crocker accumulated 500 shares. Balyasny Asset Mgmt Lc holds 70,534 shares or 0.01% of its portfolio. Barrow Hanley Mewhinney & Strauss Limited Liability Corporation holds 0% or 318 shares. Janney Montgomery Scott Limited Co holds 0% or 16,537 shares in its portfolio. The Iowa-based Dubuque National Bank Trust has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Delta Asset Lc Tn holds 0.51% in Bed Bath & Beyond Inc. (NASDAQ:BBBY) or 144,588 shares. Ajo Ltd Partnership has invested 0.09% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Manchester Mngmt Ltd invested in 0% or 1,301 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 23,955 shares or 0.01% of all its holdings. Nordea Invest Ab, a Sweden-based fund reported 5,440 shares.

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By1 Linda Rogers

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