Alecta Pensionsforsakring Omsesidigt Holds Stake in Microsoft (MSFT); Genesis Asset Managers Llp Lowered Its Itau Unibanco Hldg Sa (ITUB) Position by $16.39 Million as Stock Price Declined

February 15, 2018 - By Louis Casey

Alecta Pensionsforsakring Omsesidigt increased its stake in Microsoft Corp (MSFT) by 21.5% based on its latest 2017Q3 regulatory filing with the SEC. Alecta Pensionsforsakring Omsesidigt bought 1.73M shares as the company’s stock rose 4.75% with the market. The institutional investor held 9.75 million shares of the prepackaged software company at the end of 2017Q3, valued at $726.28M, up from 8.03 million at the end of the previous reported quarter. Alecta Pensionsforsakring Omsesidigt who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $710.31B market cap company. The stock increased 1.59% or $1.44 during the last trading session, reaching $92.25. About 13.36M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since February 15, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

Genesis Asset Managers Llp decreased its stake in Itau Unibanco Hldg Sa (ITUB) by 13.84% based on its latest 2017Q3 regulatory filing with the SEC. Genesis Asset Managers Llp sold 1.26 million shares as the company’s stock declined 15.42% while stock markets rallied. The institutional investor held 7.85 million shares of the major banks company at the end of 2017Q3, valued at $107.55 million, down from 9.11M at the end of the previous reported quarter. Genesis Asset Managers Llp who had been investing in Itau Unibanco Hldg Sa for a number of months, seems to be less bullish one the $101.00 billion market cap company. The stock increased 0.31% or $0.05 during the last trading session, reaching $16.35. About 4.97M shares traded. Itaú Unibanco Holding S.A. (NYSE:ITUB) has risen 47.22% since February 15, 2017 and is uptrending. It has outperformed by 30.52% the S&P500.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 166 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Hold” rating given on Friday, January 29 by Wunderlich. Macquarie Research initiated it with “Neutral” rating and $51 target in Tuesday, April 26 report. The firm has “Buy” rating by Bank of America given on Monday, July 17. On Tuesday, August 22 the stock rating was maintained by Credit Suisse with “Buy”. The stock has “Buy” rating by FBR Capital on Thursday, September 3. On Thursday, January 25 the stock rating was maintained by JP Morgan with “Neutral”. BMO Capital Markets initiated Microsoft Corporation (NASDAQ:MSFT) rating on Friday, January 8. BMO Capital Markets has “Outperform” rating and $64.0 target. The firm has “Buy” rating by Credit Suisse given on Wednesday, October 11. As per Sunday, August 27, the company rating was maintained by Piper Jaffray. As per Friday, January 26, the company rating was maintained by Cowen & Co.

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.01, from 0.82 in 2017Q2. It is positive, as 40 investors sold MSFT shares while 952 reduced holdings. 114 funds opened positions while 708 raised stakes. 5.51 billion shares or 0.32% less from 5.53 billion shares in 2017Q2 were reported. Abner Herrman & Brock Ltd Liability Co holds 3.2% or 242,520 shares in its portfolio. 1.73M were accumulated by Clearbridge Ltd Co. Elm Advsrs Ltd Limited Liability Company has invested 0.27% in Microsoft Corporation (NASDAQ:MSFT). Ironwood Investment Counsel Ltd owns 5.1% invested in Microsoft Corporation (NASDAQ:MSFT) for 169,304 shares. Affinity Wealth Management owns 4,902 shares or 0.21% of their US portfolio. Paragon Cap Management Ltd Liability Company invested in 211,181 shares or 5.28% of the stock. Cornerstone Advsrs reported 2.62% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Ardsley Advisory Prtnrs invested in 157,500 shares or 1.56% of the stock. Swarthmore Gru holds 1.2% or 70,375 shares. Schwab Charles, a California-based fund reported 30.38 million shares. Stillwater Invest Management Lc reported 0.24% in Microsoft Corporation (NASDAQ:MSFT). Vermont-based M Kraus & has invested 4.32% in Microsoft Corporation (NASDAQ:MSFT). Winslow Evans Crocker invested in 1.72% or 69,824 shares. Moreover, Northwest Counselors Limited has 1.2% invested in Microsoft Corporation (NASDAQ:MSFT) for 37,361 shares. Brinker has invested 0.41% in Microsoft Corporation (NASDAQ:MSFT).

Since August 29, 2017, it had 0 insider buys, and 2 sales for $5.98 million activity. 55,000 shares were sold by Hood Amy, worth $4.00 million.

Alecta Pensionsforsakring Omsesidigt, which manages about $11.66B US Long portfolio, decreased its stake in Polaris Industries Inc (NYSE:PII) by 100,000 shares to 450,000 shares, valued at $47.08M in 2017Q3, according to the filing. It also reduced its holding in Rockwell Automation Inc (NYSE:ROK) by 65,000 shares in the quarter, leaving it with 2.46M shares, and cut its stake in Lauder (Estee) Co. (NYSE:EL).

Among 8 analysts covering Itau Unibanco Banco Holding SA (NYSE:ITUB), 3 have Buy rating, 2 Sell and 3 Hold. Therefore 38% are positive. Itau Unibanco Banco Holding SA had 13 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Underperform” rating given on Tuesday, October 13 by Credit Suisse. As per Tuesday, March 15, the company rating was initiated by Scotia Capital. Deutsche Bank upgraded the stock to “Buy” rating in Monday, December 11 report. The stock of Itaú Unibanco Holding S.A. (NYSE:ITUB) has “Overweight” rating given on Wednesday, April 27 by Barclays Capital. The stock of Itaú Unibanco Holding S.A. (NYSE:ITUB) earned “Neutral” rating by Citigroup on Thursday, October 15. The rating was upgraded by Goldman Sachs to “Neutral” on Wednesday, July 20. The firm earned “Hold” rating on Tuesday, March 22 by Deutsche Bank. The firm has “Sell” rating by Citigroup given on Friday, April 8. The company was maintained on Tuesday, August 16 by JP Morgan. The stock has “Sell” rating by Goldman Sachs on Tuesday, March 29.

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