Ipg Photonics (IPGP) Holder Granahan Investment Management Has Decreased Its Holding by $580,345; Starbucks (SBUX) Stock Rose While Trilogy Global Advisors LP Boosted Stake

February 15, 2018 - By Henry Gaston

Granahan Investment Management Inc decreased its stake in Ipg Photonics (IPGP) by 12.99% based on its latest 2017Q3 regulatory filing with the SEC. Granahan Investment Management Inc sold 3,137 shares as the company’s stock rose 13.78% with the market. The hedge fund held 21,019 shares of the semiconductors company at the end of 2017Q3, valued at $3.89M, down from 24,156 at the end of the previous reported quarter. Granahan Investment Management Inc who had been investing in Ipg Photonics for a number of months, seems to be less bullish one the $13.75B market cap company. The stock increased 1.60% or $4.05 during the last trading session, reaching $256.51. About 357,824 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has risen 67.64% since February 15, 2017 and is uptrending. It has outperformed by 50.94% the S&P500.

Trilogy Global Advisors Lp increased its stake in Starbucks Corp (SBUX) by 22.36% based on its latest 2017Q3 regulatory filing with the SEC. Trilogy Global Advisors Lp bought 196,868 shares as the company’s stock rose 6.99% with the market. The institutional investor held 1.08 million shares of the restaurants company at the end of 2017Q3, valued at $57.86 million, up from 880,363 at the end of the previous reported quarter. Trilogy Global Advisors Lp who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $79.40 billion market cap company. The stock increased 0.90% or $0.5 during the last trading session, reaching $56.49. About 7.54M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 15, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Since August 17, 2017, it had 0 insider buys, and 7 sales for $11.36 million activity. Shares for $1.94 million were sold by Mammen Timothy PV on Thursday, August 17. Another trade for 9,500 shares valued at $2.48M was made by Lopresti Angelo P on Tuesday, January 16. 5,000 shares were sold by GAUTHIER HENRY E, worth $1.29 million. On Thursday, August 24 the insider HURLEY WILLIAM S sold $1.35M.

Among 13 analysts covering IPG Photonics (NASDAQ:IPGP), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. IPG Photonics had 33 analyst reports since September 15, 2015 according to SRatingsIntel. Stifel Nicolaus maintained IPG Photonics Corporation (NASDAQ:IPGP) rating on Tuesday, October 31. Stifel Nicolaus has “Hold” rating and $210.0 target. The company was maintained on Wednesday, February 15 by Benchmark. Canaccord Genuity downgraded the shares of IPGP in report on Tuesday, July 18 to “Hold” rating. The firm earned “Buy” rating on Monday, September 21 by DA Davidson. Benchmark maintained the stock with “Buy” rating in Wednesday, August 2 report. The stock of IPG Photonics Corporation (NASDAQ:IPGP) earned “Market Perform” rating by FBR Capital on Wednesday, May 11. Canaccord Genuity initiated IPG Photonics Corporation (NASDAQ:IPGP) rating on Tuesday, September 15. Canaccord Genuity has “Hold” rating and $85 target. On Friday, April 29 the stock rating was downgraded by CLSA to “Outperform”. As per Wednesday, January 31, the company rating was maintained by Northcoast. The company was maintained on Tuesday, October 13 by Needham.

Granahan Investment Management Inc, which manages about $3.81 billion and $1.20 billion US Long portfolio, upped its stake in Pdf Solutions (NASDAQ:PDFS) by 30,751 shares to 712,449 shares, valued at $11.04 million in 2017Q3, according to the filing. It also increased its holding in Acadia Healthcare Company (NASDAQ:ACHC) by 7,186 shares in the quarter, for a total of 69,011 shares, and has risen its stake in Gigamon Inc (NYSE:GIMO).

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.24, from 1.26 in 2017Q2. It fall, as 30 investors sold IPGP shares while 137 reduced holdings. 73 funds opened positions while 98 raised stakes. 30.67 million shares or 0.23% more from 30.60 million shares in 2017Q2 were reported. Omers Administration holds 0.05% or 22,100 shares in its portfolio. Blackrock Incorporated owns 3.23 million shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 4,480 shares. Two Sigma Lc has invested 0.03% in IPG Photonics Corporation (NASDAQ:IPGP). The Connecticut-based Verition Fund Mgmt Limited Liability has invested 0.05% in IPG Photonics Corporation (NASDAQ:IPGP). Schwab Charles Investment invested 0.02% in IPG Photonics Corporation (NASDAQ:IPGP). Bryn Mawr holds 1,654 shares. Natixis owns 15,105 shares. Arrowstreet Cap Limited Partnership has invested 0.04% in IPG Photonics Corporation (NASDAQ:IPGP). Somerville Kurt F invested 1.65% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Vaughan Nelson Inv Mngmt Lp invested in 0.28% or 125,695 shares. Hancock reported 0.02% stake. Numeric Ltd Company stated it has 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Johnson Fin Grp reported 0.01% stake. 22,500 were reported by Franklin Resources.

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.24, from 1.21 in 2017Q2. It worsened, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Fjarde Ap has invested 0.35% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Peapack Gladstone Financial Corporation owns 228,468 shares or 0.7% of their US portfolio. Moreover, Pillar Pacific Ltd Llc has 0.44% invested in Starbucks Corporation (NASDAQ:SBUX) for 63,920 shares. Atlantic Gp Lc stated it has 2.44 million shares or 0.59% of all its holdings. Columbia Asset stated it has 79,413 shares or 1.31% of all its holdings. Dearborn Ptnrs Limited Liability Corp holds 1.25% or 317,382 shares in its portfolio. Neuberger Berman Grp Lc reported 0.25% in Starbucks Corporation (NASDAQ:SBUX). Moreover, Doheny Asset Management Ca has 1.87% invested in Starbucks Corporation (NASDAQ:SBUX) for 75,790 shares. Baltimore owns 94,335 shares for 1.15% of their portfolio. Maple Cap invested in 1.73% or 119,735 shares. Lehman Financial Resource accumulated 7,810 shares or 0.21% of the stock. 192,655 were accumulated by Suntrust Banks. Estabrook Cap Mngmt, a New York-based fund reported 370 shares. Cim Invest Mangement Incorporated invested in 0.59% or 30,287 shares. Klingenstein Fields & Ltd Llc holds 0.03% or 14,730 shares in its portfolio.

Since September 7, 2017, it had 0 insider buys, and 3 insider sales for $13.98 million activity. $1.23 million worth of Starbucks Corporation (NASDAQ:SBUX) was sold by ULLMAN MYRON E III. $9.28M worth of Starbucks Corporation (NASDAQ:SBUX) was sold by BURROWS CLIFFORD.

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