Starboard Value LP Holding in Cognizant Technology Solutio (CTSH) Trimmed as Market Valuation Rose; Carmax (KMX) Shareholder Ws Management Lllp Trimmed Its Stake by $20.48 Million

February 15, 2018 - By Ellis Scott

Jeffrey Smith decreased its stake in Cognizant Technology Solutio (CTSH) by 19.3% based on its latest 2017Q3 regulatory filing with the SEC. Starboard Value Lp sold 275,000 shares as the company’s stock rose 12.87% with the market. The hedge fund run by Jeffrey Smith held 1.15 million shares of the edp services company at the end of 2017Q3, valued at $83.42 million, down from 1.43M at the end of the previous reported quarter. Starboard Value Lp who had been investing in Cognizant Technology Solutio for a number of months, seems to be less bullish one the $47.49 billion market cap company. The stock increased 0.91% or $0.72 during the last trading session, reaching $80.54. About 1.42M 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.

Reid Walker decreased its stake in Carmax Inc (KMX) by 20.49% based on its latest 2017Q3 regulatory filing with the SEC. Ws Management Lllp sold 273,000 shares as the company’s stock declined 3.39% while stock markets rallied. The hedge fund run by Reid Walker held 1.06 million shares of the automotive aftermarket company at the end of 2017Q3, valued at $80.32M, down from 1.33 million at the end of the previous reported quarter. Ws Management Lllp who had been investing in Carmax Inc for a number of months, seems to be less bullish one the $11.62 billion market cap company. The stock increased 0.72% or $0.46 during the last trading session, reaching $64.24. About 2.96M shares traded or 22.61% up from the average. CarMax Inc. (NYSE:KMX) has risen 26.17% since February 15, 2017 and is uptrending. It has outperformed by 9.47% the S&P500.

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. Robert W. Baird maintained it with “Buy” rating and $90.0 target in Friday, January 12 report. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Neutral” rating by Wedbush on Friday, September 9. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, September 5 report. The firm earned “Buy” rating on Thursday, November 9 by RBC Capital Markets. As per Monday, October 10, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Thursday, August 3 by BMO Capital Markets. The rating was maintained by SunTrust on Wednesday, February 7 with “Buy”. The rating was maintained by Oppenheimer on Thursday, August 3 with “Buy”. KeyBanc Capital Markets maintained the shares of CTSH in report on Wednesday, September 6 with “Buy” rating. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Outperform” rating by BMO Capital Markets on Thursday, August 6.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.27, from 0.76 in 2017Q2. It improved, 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. Etrade Capital Mgmt Ltd holds 0.1% or 39,897 shares in its portfolio. Scharf Investments Limited accumulated 2.63 million shares or 4.62% of the stock. Wells Fargo Mn owns 4.76 million shares for 0.11% of their portfolio. California State Teachers Retirement reported 989,670 shares or 0.16% of all its holdings. Provident Invest Mgmt reported 445,579 shares. Teachers Retirement Sys Of The State Of Kentucky has invested 0.06% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Artemis Invest Llp invested in 0.18% or 120,500 shares. Integral Derivatives Ltd Liability Corporation stated it has 14,891 shares or 0.02% of all its holdings. Gulf International Natl Bank (Uk) Ltd holds 186,473 shares. Veritas Llp holds 750,952 shares or 7.36% of its portfolio. Los Angeles Cap Management And Equity reported 0.06% stake. Benchmark Capital Advsr has invested 0.43% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Richard Bernstein Limited Liability Co reported 0.15% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Virtus Advisers holds 0.05% or 6,023 shares in its portfolio. Caisse De Depot Et Placement Du Quebec stated it has 176,605 shares or 0.03% of all its holdings.

Starboard Value Lp, which manages about $2.57B and $3.70B US Long portfolio, upped its stake in Ishares Tr (IWN) by 170,000 shares to 661,000 shares, valued at $82.04 million in 2017Q3, according to the filing.

Since August 15, 2017, it had 0 insider purchases, and 37 sales for $59.40 million activity. RAMAKRISHNAN CHANDRASEKARAN had sold 25,000 shares worth $1.90 million on Wednesday, January 17. CHATTERJEE DEBASHIS also sold $132,902 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. Middleton Sean sold $2,364 worth of stock. KLEIN JOHN E also sold $830,705 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, August 15. GOMATAM SUMITHRA also sold $199,500 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Wednesday, January 17. The insider Veeraraghavachary Srinivasan sold 2,500 shares worth $182,500.

Among 17 analysts covering Carmax Inc (NYSE:KMX), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Carmax Inc had 59 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Wolfe Research given on Thursday, March 17. Wedbush maintained it with “Neutral” rating and $45.0 target in Tuesday, January 19 report. As per Friday, November 13, the company rating was initiated by Buckingham Research. The rating was maintained by IBC on Friday, April 7 with “Buy”. On Wednesday, September 23 the stock rating was downgraded by Oppenheimer to “Perform”. The firm has “Neutral” rating by Northcoast given on Friday, March 11. The firm earned “Hold” rating on Friday, April 8 by Deutsche Bank. As per Thursday, August 3, the company rating was maintained by RBC Capital Markets. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, October 25 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, April 7.

Ws Management Lllp, which manages about $4.01B US Long portfolio, upped its stake in Laredo Petroleum Inc (NYSE:LPI) by 2.00 million shares to 5.93M shares, valued at $76.74 million in 2017Q3, according to the filing. It also increased its holding in Amazon Com Inc (Put) (NASDAQ:AMZN) by 51,900 shares in the quarter, for a total of 62,500 shares, and has risen its stake in Allegheny Technologies Inc (NYSE:ATI).

Since September 1, 2017, it had 1 insider buy, and 19 selling transactions for $48.26 million activity. $98,930 worth of CarMax Inc. (NYSE:KMX) shares were sold by Shamim Mohammad. Shares for $540,000 were sold by FOLLIARD THOMAS J. Shares for $5.56 million were sold by Reedy Thomas W JR on Tuesday, September 26. GRAFTON W ROBERT had bought 35 shares worth $2,280. Grubb Edgar H also sold $869,588 worth of CarMax Inc. (NYSE:KMX) shares. 57,757 shares valued at $4.30 million were sold by MARGOLIN ERIC M on Tuesday, September 26.

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