Alpine Associates Management Has Raised Its Time Warner (TWX) Stake; Southpoint Capital Advisors LP Has Lowered Its Cognizant Technology Solutio (CTSH) Stake by $7.20 Million as Share Price Rose

February 15, 2018 - By Jan Rainey

Robert Emil Zoellner increased its stake in Time Warner Inc (TWX) by 2695.64% based on its latest 2017Q3 regulatory filing with the SEC. Alpine Associates Management Inc bought 3.12M shares as the company’s stock rose 1.19% with the market. The hedge fund run by Robert Emil Zoellner held 3.24M shares of the television services company at the end of 2017Q3, valued at $331.67 million, up from 115,800 at the end of the previous reported quarter. Alpine Associates Management Inc who had been investing in Time Warner Inc for a number of months, seems to be bullish on the $73.83 billion market cap company. The stock increased 0.14% or $0.13 during the last trading session, reaching $94.65. About 1.35M shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since February 15, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Rob Butts decreased its stake in Cognizant Technology Solutio (CTSH) by 4.76% based on its latest 2017Q3 regulatory filing with the SEC. Southpoint Capital Advisors Lp sold 100,000 shares as the company’s stock rose 12.87% with the market. The hedge fund run by Rob Butts held 2.00 million shares of the edp services company at the end of 2017Q3, valued at $145.08 million, down from 2.10 million at the end of the previous reported quarter. Southpoint Capital Advisors Lp who had been investing in Cognizant Technology Solutio for a number of months, seems to be less bullish one the $47.45B market cap company. The stock increased 0.81% or $0.65 during the last trading session, reaching $80.47. About 1.35M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since February 15, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.27, from 0.76 in 2017Q2. It is positive, as 37 investors sold CTSH shares while 296 reduced holdings. 99 funds opened positions while 244 raised stakes. 487.81 million shares or 3.03% less from 503.05 million shares in 2017Q2 were reported. Marshall & Sullivan Wa reported 3.7% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Jpmorgan Chase has invested 0.05% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). New York-based M&T State Bank has invested 0.06% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Tiverton Asset Mgmt Limited Liability owns 0.61% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 148,800 shares. Pine River Capital Management Lp has invested 0.1% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Grandfield & Dodd Lc invested in 0.57% or 69,680 shares. Blb&B Advsrs Llc reported 2,815 shares stake. Dimensional Fund Limited Partnership holds 0.05% or 1.72M shares. Integral Derivatives Limited holds 0.02% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 14,891 shares. Moreover, Oppenheimer & Incorporated has 0.06% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 30,002 shares. Boltwood Cap invested 0.75% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Qci Asset Management Inc Ny holds 40 shares. First Interstate Bancorporation, a Montana-based fund reported 1,426 shares. Advantus Capital Mgmt accumulated 59,779 shares. Oppenheimer Asset Management reported 50,631 shares.

Since August 15, 2017, it had 0 insider buys, and 37 sales for $59.40 million activity. Lennox James Patrick had sold 1,725 shares worth $123,456 on Thursday, September 7. 32 Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares with value of $2,351 were sold by Middleton Sean. GOMATAM SUMITHRA had sold 8,000 shares worth $576,012 on Monday, September 25. Mehta Rajeev sold $2.27M worth of stock or 32,000 shares. $139,248 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by Kandiah Gajakarnan Vibushanan. Shares for $180,000 were sold by Veeraraghavachary Srinivasan.

Among 33 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 25 have Buy rating, 1 Sell and 7 Hold. Therefore 76% are positive. Cognizant Technology Solutions Corp. had 89 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, January 31. The company was downgraded on Wednesday, November 23 by William Blair. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Sell” rating given on Monday, August 10 by Zacks. Sterne Agee CRT initiated Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Thursday, December 17 with “Neutral” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $93.0 target in Wednesday, February 7 report. Berenberg upgraded the stock to “Buy” rating in Tuesday, August 8 report. On Friday, September 8 the stock rating was maintained by Robert W. Baird with “Buy”. RBC Capital Markets maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Thursday, January 4. RBC Capital Markets has “Buy” rating and $89.0 target. Needham maintained the stock with “Buy” rating in Tuesday, February 9 report. Cowen & Co maintained the stock with “Buy” rating in Thursday, October 12 report.

Southpoint Capital Advisors Lp, which manages about $2.99B and $2.44 billion US Long portfolio, upped its stake in 8X8 Inc New (NASDAQ:EGHT) by 900,000 shares to 1.40M shares, valued at $18.90 million in 2017Q3, according to the filing. It also increased its holding in Cars Com Inc by 2.27 million shares in the quarter, for a total of 5.00 million shares, and has risen its stake in Fossil Group Inc (NASDAQ:FOSL).

Since December 14, 2017, it had 0 insider buys, and 2 insider sales for $2.50 million activity. BARR WILLIAM P sold 4,019 shares worth $390,647.

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.09, from 0.85 in 2017Q2. It turned negative, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Hartford Financial Mngmt Inc reported 0.01% in Time Warner Inc. (NYSE:TWX). Oakworth Capital holds 0.01% of its portfolio in Time Warner Inc. (NYSE:TWX) for 338 shares. Great West Life Assurance Co Can owns 0.25% invested in Time Warner Inc. (NYSE:TWX) for 969,957 shares. E&G Advisors LP stated it has 0.34% in Time Warner Inc. (NYSE:TWX). Epoch Invest Ptnrs Inc has invested 0.54% in Time Warner Inc. (NYSE:TWX). Acadian Asset Mgmt Limited Liability Company holds 8,338 shares or 0% of its portfolio. Gsa Partners Llp invested in 2,352 shares. Philadelphia owns 166,561 shares. Salem Invest Counselors reported 450 shares. California-based First Foundation has invested 0.13% in Time Warner Inc. (NYSE:TWX). British Columbia Mngmt holds 0.38% of its portfolio in Time Warner Inc. (NYSE:TWX) for 478,979 shares. Hanson Mcclain holds 263 shares. Glenmede Co Na reported 89,868 shares. Commonwealth Financial Bank Of Australia invested 0.11% of its portfolio in Time Warner Inc. (NYSE:TWX). Peapack Gladstone Fincl owns 2,669 shares or 0.02% of their US portfolio.

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 17 have Buy rating, 0 Sell and 23 Hold. Therefore 43% are positive. Time Warner Inc. had 121 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, February 12, the company rating was maintained by Wedbush. RBC Capital Markets maintained the shares of TWX in report on Monday, August 14 with “Hold” rating. Credit Suisse downgraded the stock to “Neutral” rating in Monday, October 24 report. The stock of Time Warner Inc. (NYSE:TWX) earned “Hold” rating by Stifel Nicolaus on Monday, October 24. The stock of Time Warner Inc. (NYSE:TWX) earned “Market Perform” rating by FBR Capital on Tuesday, July 26. The rating was maintained by Deutsche Bank on Thursday, August 4 with “Buy”. As per Monday, September 11, the company rating was maintained by BMO Capital Markets. The rating was maintained by Cowen & Co with “Hold” on Tuesday, October 10. Topeka Capital Markets maintained Time Warner Inc. (NYSE:TWX) on Tuesday, September 15 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Monday, June 26.

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