Tag: Shares

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Financial Analysts Buzzing Over Donoghue Forlines LLC’s Acquisition of TotalEnergies SE Shares

Financial Analysts Buzzing Over Donoghue Forlines LLC’s Acquisition of TotalEnergies SE Shares

On May perhaps 8, 2023, economic analysts were being buzzing about Donoghue Forlines LLC’s recent acquisition of TotalEnergies SE (NYSE:TTE) shares. According to their most latest submitting with the Securities and Exchange Commission, this institutional investor purchased an supplemental 9,054 TTE shares in the fourth quarter of the past 12 months, rising their stake in the strength big by a whopping 76.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This brought their full holding to 20,845 shares worthy of $1,294,000 at the end of Q4.

TotalEnergies experienced currently made headlines on February 8th when it described its earnings effects for Q4. With $2.97 EPS for that quarter alone – beating analysts’ consensus estimates by $.04 – the corporation had acquired profits totaling an amazing $63.88 billion general. State-of-the-art study has forecasted that TotalEnergies SE would article all over 10.89 earnings for each share for the recent fiscal yr.

As a multinational corporation headquartered in France specializing in exploration and creation of fuels as nicely as normal fuel and small-carbon electrical power, TotalEnergies operates in 4 most important business segments: Exploration & Manufacturing Built-in Gasoline Renewables & Ability Refining & Chemical compounds and Advertising and marketing & Companies. Its Exploration & Output branch is largely concerned in oil and pure fuel exploration and creation activities.

Overall, investing in TotalEnergies at the moment provides strong prospective for progress offered its tested keep track of record of reliable earnings studies across its various organization segments paired with its concentrate on environmentally friendly energies. No matter whether buyers will go on to see sizeable returns from this energy heavyweight stays to be noticed but current indicators propose it’s a promising option going ahead for individuals searching to invest their money wisely in just a assorted portfolio.

TotalEnergies Ordeals Changes in Share Ownership and Raises Dividend Produce

TotalEnergies, a world oil and fuel company, has seasoned major changes in its share ownership lately as a number of institutional traders have either amplified or diminished their stakes. Arrowstreet Funds Limited Partnership boosted its holdings by in excess of 40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the course of the initially quarter, resulting in it owning above 6 million shares truly worth $321 million. Equally, BNP Paribas Arbitrage SA reported an raise of 262,768.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, bringing the complete amount of shares owned to nearly 2 million well worth $92 million. These adjustments were accompanied by Sound Shore Administration Inc CT and Instructors Retirement Technique of The State of Kentucky getting new positions in the organization. Natixis Advisors LP also reported a rise in their TotalEnergies holdings by virtually 100{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, with about 1.5 million shares worthy of $93 million. All jointly, institutional buyers hold all around 6.63{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of TotalEnergies’ inventory.

Despite these fluctuations in share ownership, TotalEnergies’ stock price has remained somewhat stable as it continues to trade on NYSE TTE at all over $62 for every share. Its market place capitalisation stands at $154 billion with a value-to-earnings ratio of 7.36 and a beta of .79 – both of those deemed indicators that make this stock a relatively fantastic invest in for anyone trying to get a lot more regular returns in the power sector.

TotalEnergies operates 4 most important company segments – Exploration & Production Built-in Gasoline, Renewables & Energy Refining & Chemical compounds and Promoting & Solutions – all targeted on providing small carbon electricity alternatives all over the world when maximising shareholder price concurrently.

Accompanying this news is the announcement that TotalEnergies has raised its dividends figures from previous year’s offerings. Its new quarterly dividend is now $.543 for each share in comparison to previous year’s charge of $.53, translating to an annualized benefit of $2.17 for each share in dividends or a 3.50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} yield.

Even though this transfer marks an intriguing advancement for TotalEnergies and its shareholders, it is well worth noting that Goldman Sachs downgraded the company from a invest in rating to a neutral score previously in the calendar year nevertheless, several other equities analysts have presented TotalEnergies scores of ‘outperform’ and ‘overweight.’ As this kind of, Bloomberg’s present-day consensus is that TotalEnergies has a moderate invest in ranking with an normal goal price of $63.70 for every share.

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Exclusive: US officials assessing possible ‘manipulation’ on banking shares

Exclusive: US officials assessing possible ‘manipulation’ on banking shares

Might 4 (Reuters) – U.S. federal and state officers are examining no matter whether “marketplace manipulation” triggered the current volatility in banking shares, a supply familiar with the subject stated on Thursday, as the White Home vowed to keep track of “small-marketing pressures on healthful banking institutions.”

Shares of regional banking companies resumed their slide this 7 days after the collapse of Initial Republic Bank , the 3rd U.S. mid-sized financial institution to are unsuccessful in two months. Short sellers raked in $378.9 million in paper earnings on Thursday on your own from betting from specified regional banks, according to analytics organization Ortex.

Amplified small-providing action and volatility in shares have drawn increasing scrutiny by federal and state officers and regulators in recent days, supplied powerful fundamentals in the sector and sufficient cash degrees, claimed the source, who was not licensed to talk publicly.

“Point out and federal regulators and officials are more and more attentive to the possibility of sector manipulation concerning banking equities,” the supply reported.

White Residence push secretary Karine Jean-Pierre stated the Biden administration was carefully looking at on the situation, but any doable action would be taken by the Securities and Exchange Fee.

“The administration is heading to closely keep an eye on the marketplace developments, together with the short-providing pressures on wholesome banking companies,” Jean-Pierre told a White Residence briefing.

The American Bankers Affiliation on Thursday identified as on the SEC to investigate considerable brief profits of banking shares and social media engagement that it stated appeared to be “disconnected from the fundamental money realities.”

“We urge the SEC to take into consideration all its current resources and to consider measures to decrease the avenues for abusive buying and selling techniques and restore investor confidence,” the team explained.

SEC Chair Gary Gensler on Thursday explained the agency would go right after any kind of misconduct that could possibly threaten traders or marketplaces.

“As I’ve stated, in occasions of elevated volatility and uncertainty, the SEC is notably focused on figuring out and prosecuting any kind of misconduct that may well threaten traders, funds development, or the marketplaces more broadly,” he said in a prepared statement.

Purchaser Bankers Association President and CEO Lindsey Johnson stressed the banking industry remained solid and urged policymakers to phone out “unethical habits by activist investors” who ended up getting gain of sector volatility.

“This volatility is getting fueled by emotion and misinformation that does not replicate the powerful underlying fundamentals of our banks,” Johnson said in a statement.

“These institutions remain resilient and effectively-capitalized, and Us residents can relaxation certain their deposits are safe.”

The S&P 600 lender index (.SPSMCBKS) dropped around 3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on Thursday. PacWest Bancorp shares (PACW.O) tumbled above 50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} right after it confirmed it was exploring strategic options.

Western Alliance Bancorp (WAL.N) denied a report from the Financial Periods that mentioned it was exploring a likely sale, and stated it was discovering lawful alternatives. Its shares plummeted much more than 38{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, with buying and selling in the stock halted multiple moments.

Share rate swings did not mirror the reality that numerous regional financial institutions outperformed on to start with quarter earnings and experienced sound fundamentals, which include steady deposits, ample money, and decreased uninsured deposits, the supply said.

The resource gave no aspects on precise instances that had drawn the notice of federal or state regulators.

The California Department of Money Defense and Innovation reported it could not verify investigations or no matter if it was knowledgeable of any certain marketplace action. But it explained it was concentrated on “figuring out, stopping, and remedying any unlawful procedures in our markets” that violate point out law.

Brief marketing, in which traders market borrowed securities and aim to purchase them back at a reduced selling price to pocket the change, is not illegal and deemed element of a healthy market. But manipulating stock costs, which the SEC defines as the ‘intentional or willful conduct intended to deceive or defraud investors by controlling or artificially impacting” stock costs, is unlawful.

The enhanced small-promoting activity has induced phone calls for a momentary ban, but an SEC official explained on Wednesday the company was “not at the moment considering” this kind of a shift.

The SEC to start with warned investors in March, throughout a interval of significant marketplace volatility bordering the collapse of Silicon Valley Financial institution and Signature Lender, that it was cautiously monitoring industry balance and would prosecute any kind of misconduct.

Edited by Kieran Murray and Chizu Nomiyama

Our Standards: The Thomson Reuters Have faith in Ideas.

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Hancock Whitney Corp’s recent acquisition of shares in MMP rouses interest of financial analysts

Hancock Whitney Corp’s recent acquisition of shares in MMP rouses interest of financial analysts

The new acquisition of 4,036 shares in Magellan Midstream Associates, L.P. (NYSE:MMP) by Hancock Whitney Corp has roused the interest of a lot of money analysts. The disclosure with the Securities and Exchange Commission reveals that the acquired shares are worthy of a staggering $203,000. Many field experts consider this shift by Hancock Whitney Corp is propelled by MMP’s steady profitability in previous a long time.

Magellan Midstream Partners (MMP) specializes in pipeline transportation and storage of refined petroleum items which include gasoline, diesel fuel, aviation fuel, and crude oil. Just lately, MMP declared its fourth-quarter earnings on February 2nd exactly where it claimed a internet margin of 32.38{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 54.53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

On the other hand, what caught the interest of a lot of analysts was the miss in analysts’ consensus estimates of $1.31 EPS with MMP reporting $1.06 EPS for the quarter indicating increased competitiveness within just the marketplace.

Regardless of this huddle, many equities analysts forecast an enhance in earnings per share (EPS) for MMP to attain $4.91 for the present yr.

Savvy buyers view these figures as indicators that inspire investment conclusions in favor of Magellan Midstream Associates though some others remain cautious and maintain a wait around-and-see technique.

All round, it will be interesting to witness how Hancock Whitney Corp’s latest financial investment conclusion has an effect on MMP’s potential growth and gain margins although retaining abreast with modifications in this aggressive business area that hinges on at any time-fluctuating commodity rates greatly affected by geopolitical tensions.

Magellan Midstream Associates Gets Growing Curiosity from Hedge Money and Institutional Investors amid Powerful Functionality

Magellan Midstream Associates, an sector leader in the transportation, storage and distribution of refined petroleum items, has not long ago observed a surge of curiosity from hedge resources and institutional traders. According to modern stories, a number of hedge funds have purchased and sold shares in the business.

Cottage Road Advisors LLC enhanced its stake in Magellan Midstream Associates by an imposing 3,828.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} through Q4 2020. They now have a whopping 3,499,828 shares of the pipeline company’s stock value $1,099,000 following obtaining an supplemental 3,410,731 shares through the period of time. BNP Paribas Arbitrage SA also jumped at the prospect to boost its stake in the business by virtually 500{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} all through Q1 2021. Currently owning 478,193 shares value $23,465,000 immediately after obtaining an further 396,682 shares throughout the pointed out interval.

Macquarie Team Ltd., on the other hand, took a far more conservative tactic by lifting its holdings in Magellan Midstream Partners by only 86.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the duration of Q2 2021. However they now possess a sizeable quantity of 643,534 shares worth $18,123m right after owning bought an more 298k+ shares previous quarter.

Clearbridge Investments LLC boosted their position in Magellan Midstream Associates by more than 10 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} earlier this 12 months as they acquired an extra nearly 270k shares at this time valued at around $132m+. Also Global Property Investment Administration LLC entered the video game only lately with a new posture getting stake truly worth about $446k.

All these investments have resulted in institutional investors and hedge funds now proudly owning around fifty per cent of Magellan Midstream Partner’s stock – marking it as a person of the most promising financial investment chances courted by market place gamers right now.

Magellan Midstream Partner’s love a industry capitalization worth of just over $11bn with shares opening up at all around $55.54 on Thursday. The company’s P/E ratio stands at 11.22 with a reasonable beta of .91. Magellan Midstream Partner’s 200-working day very simple going regular is $52.42, although its fifty-day shifting average resides at $53.86 highlighting balance and consistent effectiveness for likely investors.

The financial debt-to-fairness ratio of Magellan Midstream Associates is greater than the marketplace regular at roughly 2.98 nonetheless, the present-day and quick ratios stand comfortably within just field parameters – at present sitting down at .98 and .49 respectively.

In summary, it appears to be that hedge money and institutional traders are exhibiting a sizeable desire in Magellan Midstream Partners as they keep on to strengthen their investments in the pipeline firm adhering to their strong overall performance around recent years.

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37,985 Shares in PerkinElmer, Inc. (NYSE:PKI) Purchased by Beaumont Financial Advisors LLC

37,985 Shares in PerkinElmer, Inc. (NYSE:PKI) Purchased by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC acquired a new stake in PerkinElmer, Inc. (NYSE:PKI – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 37,985 shares of the medical research company’s stock, valued at approximately $5,326,000.

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Other institutional investors have also recently bought and sold shares of the company. Ceredex Value Advisors LLC acquired a new position in shares of PerkinElmer in the 4th quarter valued at approximately $85,717,000. Pendal Group Ltd acquired a new position in shares of PerkinElmer in the 3rd quarter valued at approximately $69,329,000. Echo Street Capital Management LLC increased its position in PerkinElmer by 31.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Echo Street Capital Management LLC now owns 911,256 shares of the medical research company’s stock worth $109,651,000 after purchasing an additional 220,318 shares in the last quarter. Alliancebernstein L.P. increased its position in PerkinElmer by 15.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Alliancebernstein L.P. now owns 1,568,593 shares of the medical research company’s stock worth $188,749,000 after purchasing an additional 212,718 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in PerkinElmer by 1.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Vanguard Group Inc. now owns 14,071,112 shares of the medical research company’s stock worth $1,693,176,000 after purchasing an additional 151,569 shares in the last quarter. Institutional investors own 85.22{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of PerkinElmer in a research note on Wednesday, February 15th. Barclays decreased their price objective on shares of PerkinElmer from $145.00 to $140.00 and set an “equal weight” rating for the company in a report on Tuesday, January 24th. Robert W. Baird decreased their price objective on shares of PerkinElmer from $185.00 to $182.00 and set an “outperform” rating for the company in a report on Wednesday, February 15th. Cowen upgraded shares of PerkinElmer from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a research report on Tuesday, December 6th. Finally, TheStreet raised shares of PerkinElmer from a “c+” rating to a “b” rating in a research note on Tuesday, February 14th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, PerkinElmer presently has a consensus rating of “Hold” and an average price target of $166.30.

Insider Transactions at PerkinElmer

In other news, insider Daniel R. Tereau sold 10,741 shares of the business’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $123.72, for a total value of $1,328,876.52. Following the completion of the transaction, the insider now owns 11,611 shares in the company, valued at $1,436,512.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel R. Tereau sold 10,741 shares of the stock in a transaction on Monday, March 20th. The stock was sold at an average price of $123.72, for a total transaction of $1,328,876.52. Following the transaction, the insider now directly owns 11,611 shares of the company’s stock, valued at approximately $1,436,512.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Maxwell Krakowiak sold 322 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $130.00, for a total transaction of $41,860.00. Following the sale, the insider now directly owns 7,202 shares of the company’s stock, valued at approximately $936,260. The disclosure for this sale can be found here. Insiders own 0.52{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

PerkinElmer Trading Down 1.2 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

NYSE:PKI traded down $1.62 during trading hours on Monday, hitting $131.64. The company had a trading volume of 250,846 shares, compared to its average volume of 861,372. The company has a market capitalization of $16.64 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 0.57 and a beta of 1.10. The stock has a 50-day moving average price of $130.79 and a 200 day moving average price of $132.55. PerkinElmer, Inc. has a 52 week low of $113.46 and a 52 week high of $174.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.13 and a quick ratio of 1.87.

PerkinElmer (NYSE:PKI – Get Rating) last announced its earnings results on Tuesday, February 14th. The medical research company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.04. The firm had revenue of $741.20 million for the quarter, compared to analysts’ expectations of $1.07 billion. PerkinElmer had a net margin of 14.69{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 13.94{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company’s quarterly revenue was down 27.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis. During the same quarter in the previous year, the business posted $2.56 EPS. On average, equities research analysts predict that PerkinElmer, Inc. will post 5.06 EPS for the current fiscal year.

PerkinElmer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Friday, April 21st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $0.28 annualized dividend and a yield of 0.21{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. PerkinElmer’s dividend payout ratio (DPR) is presently 6.11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About PerkinElmer

(Get Rating)

PerkinElmer, Inc engages in the provision of products, services, and solutions for diagnostics, food, environmental, life sciences, and applied markets. It operates through the following segments: Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment consists of technologies that help life sciences researchers better understand diseases and develop treatments.

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Institutional Ownership by Quarter for PerkinElmer (NYSE:PKI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider PerkinElmer, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PerkinElmer wasn’t on the list.

While PerkinElmer currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Clear Creek Financial Management LLC Acquires 51,390 Shares of Cassava Sciences, Inc. (NASDAQ:SAVA)

Clear Creek Financial Management LLC Acquires 51,390 Shares of Cassava Sciences, Inc. (NASDAQ:SAVA)

Clear Creek Financial Management LLC raised its holdings in shares of Cassava Sciences, Inc. (NASDAQ:SAVA – Get Rating) by 323.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,270 shares of the company’s stock after purchasing an additional 51,390 shares during the quarter. Clear Creek Financial Management LLC owned 0.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of Cassava Sciences worth $1,987,000 as of its most recent filing with the Securities & Exchange Commission.

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Several other institutional investors have also bought and sold shares of the business. IVC Wealth Advisors LLC raised its stake in shares of Cassava Sciences by 2.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. IVC Wealth Advisors LLC now owns 14,815 shares of the company’s stock valued at $620,000 after acquiring an additional 400 shares during the period. Virtus ETF Advisers LLC raised its stake in shares of Cassava Sciences by 28.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Virtus ETF Advisers LLC now owns 4,241 shares of the company’s stock valued at $119,000 after acquiring an additional 942 shares during the period. SOA Wealth Advisors LLC. raised its stake in shares of Cassava Sciences by 679.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. SOA Wealth Advisors LLC. now owns 608 shares of the company’s stock valued at $25,000 after acquiring an additional 530 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of Cassava Sciences in the third quarter valued at $205,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Cassava Sciences by 5.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,608 shares of the company’s stock valued at $611,000 after acquiring an additional 806 shares during the period. Institutional investors own 25.51{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Insider Buying and Selling

In related news, Director Richard Barry purchased 11,565 shares of Cassava Sciences stock in a transaction that occurred on Monday, March 6th. The shares were bought at an average price of $26.13 per share, with a total value of $302,193.45. Following the purchase, the director now directly owns 197,724 shares of the company’s stock, valued at approximately $5,166,528.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by insiders.

Cassava Sciences Trading Up 0.7 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

SAVA stock traded up $0.16 during trading on Friday, hitting $24.17. The company had a trading volume of 353,874 shares, compared to its average volume of 1,248,024. Cassava Sciences, Inc. has a 52-week low of $13.84 and a 52-week high of $51.59. The company has a 50 day simple moving average of $26.79 and a 200-day simple moving average of $32.59.

Cassava Sciences (NASDAQ:SAVA – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.11. On average, research analysts anticipate that Cassava Sciences, Inc. will post -0.76 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAVA. HC Wainwright reissued a “buy” rating and issued a $124.00 target price on shares of Cassava Sciences in a research note on Monday, March 6th. B. Riley reduced their target price on shares of Cassava Sciences from $44.00 to $28.00 in a research note on Wednesday, January 25th.

Cassava Sciences Company Profile

(Get Rating)

Cassava Sciences, Inc engages in the development of novel drugs and diagnostics. It focuses on developing product candidates intended for the treatment of Alzheimer’s disease, including PTI-125 and PTI-125Dx. The company was founded by Remi Barbier in May 1998 and is headquartered in Austin, TX.

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Want to see what other hedge funds are holding SAVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cassava Sciences, Inc. (NASDAQ:SAVA – Get Rating).

Institutional Ownership by Quarter for Cassava Sciences (NASDAQ:SAVA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Cassava Sciences, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Cassava Sciences wasn’t on the list.

While Cassava Sciences currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Curbstone Financial Management Corp

Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Curbstone Financial Management Corp

Curbstone Financial Management Corp reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 9.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,110 shares of the software company’s stock after selling 950 shares during the period. Curbstone Financial Management Corp’s holdings in Autodesk were worth $1,702,000 at the end of the most recent reporting period.

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Other institutional investors and hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. increased its position in Autodesk by 346.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. SRS Capital Advisors Inc. now owns 219 shares of the software company’s stock worth $38,000 after buying an additional 170 shares during the period. Natixis Investment Managers International increased its position in Autodesk by 126.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Natixis Investment Managers International now owns 8,677 shares of the software company’s stock worth $1,492,000 after buying an additional 4,846 shares during the period. CVA Family Office LLC increased its position in Autodesk by 111.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. CVA Family Office LLC now owns 341 shares of the software company’s stock worth $64,000 after buying an additional 180 shares during the period. Avitas Wealth Management LLC acquired a new stake in Autodesk in the third quarter worth $783,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Autodesk in the third quarter worth $7,152,000. 87.89{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 0.5 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Shares of Autodesk stock opened at $200.22 on Friday. The stock has a 50-day moving average price of $209.05 and a 200 day moving average price of $202.43. The company has a market cap of $43.00 billion, a P/E ratio of 52.97, a P/E/G ratio of 1.86 and a beta of 1.51. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.99. Autodesk, Inc. has a 1 year low of $163.20 and a 1 year high of $235.01.

Autodesk (NASDAQ:ADSK – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The software company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.05. Autodesk had a return on equity of 105.43{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 16.44{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 8.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis. As a group, analysts expect that Autodesk, Inc. will post 4.49 EPS for the current fiscal year.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 394 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $195.66, for a total transaction of $77,090.04. Following the completion of the sale, the chief accounting officer now directly owns 3,074 shares of the company’s stock, valued at approximately $601,458.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Deborah Clifford sold 1,557 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $205.71, for a total value of $320,290.47. Following the transaction, the chief financial officer now directly owns 19,609 shares of the company’s stock, valued at approximately $4,033,767.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 394 shares of the firm’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $195.66, for a total value of $77,090.04. Following the completion of the transaction, the chief accounting officer now directly owns 3,074 shares in the company, valued at $601,458.84. The disclosure for this sale can be found here. Insiders sold 3,307 shares of company stock valued at $669,107 in the last three months. Corporate insiders own 0.11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ADSK. Berenberg Bank began coverage on Autodesk in a report on Wednesday, January 11th. They set a “buy” rating and a $230.00 price target on the stock. Bank of America raised their price target on Autodesk from $225.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, February 27th. Robert W. Baird decreased their target price on Autodesk from $255.00 to $247.00 in a research note on Friday, February 24th. Mizuho raised their target price on Autodesk from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Wednesday, February 15th. Finally, Credit Suisse Group decreased their target price on Autodesk from $325.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, February 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $232.40.

Autodesk Company Profile

(Get Rating)

Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, and 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in the automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions.

See Also

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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