Verizon Communications (VZ) Holder Cohen Capital Management Upped Its Position by $528,000 as Stock Price Declined; As Ptc (PTC) Shares Rose, Holder Tensile Capital Management Lowered Its Position

December 8, 2017 - By Louis Casey

Cohen Capital Management Inc increased its stake in Verizon Communications Inc (VZ) by 39.43% based on its latest 2017Q2 regulatory filing with the SEC. Cohen Capital Management Inc bought 12,000 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 42,435 shares of the telecommunications equipment company at the end of 2017Q2, valued at $1.90 million, up from 30,435 at the end of the previous reported quarter. Cohen Capital Management Inc who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $205.69B market cap company. The stock decreased 0.51% or $0.26 during the last trading session, reaching $50.42. About 11.99 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since December 8, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Douglas Dossey decreased its stake in Ptc Inc (PTC) by 8.95% based on its latest 2017Q2 regulatory filing with the SEC. Tensile Capital Management Llc sold 82,000 shares as the company’s stock rose 1.36% with the market. The hedge fund run by Douglas Dossey held 834,626 shares of the prepackaged software company at the end of 2017Q2, valued at $46.01 million, down from 916,626 at the end of the previous reported quarter. Tensile Capital Management Llc who had been investing in Ptc Inc for a number of months, seems to be less bullish one the $7.24 billion market cap company. The stock increased 1.28% or $0.79 during the last trading session, reaching $62.31. About 845,762 shares traded. PTC Inc. (NASDAQ:PTC) has risen 57.23% since December 8, 2016 and is uptrending. It has outperformed by 40.53% the S&P500.

Among 14 analysts covering PTC (NASDAQ:PTC), 11 have Buy rating, 1 Sell and 2 Hold. Therefore 79% are positive. PTC had 35 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Thursday, October 26 by KeyBanc Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Sunday, October 8. The firm earned “Buy” rating on Monday, August 28 by Evercore. The stock of PTC Inc. (NASDAQ:PTC) has “Outperform” rating given on Thursday, January 19 by Wedbush. RBC Capital Markets maintained the shares of PTC in report on Thursday, July 27 with “Buy” rating. The rating was maintained by Wedbush with “Outperform” on Wednesday, November 9. The rating was initiated by Sterne Agee CRT on Wednesday, September 9 with “Neutral”. The firm has “Overweight” rating given on Thursday, July 30 by Barclays Capital. The company was initiated on Thursday, September 15 by Evercore. The firm earned “Buy” rating on Friday, November 4 by Goldman Sachs.

Analysts await PTC Inc. (NASDAQ:PTC) to report earnings on January, 17. They expect $0.17 EPS, up 70.00% or $0.07 from last year’s $0.1 per share. PTC’s profit will be $19.74M for 91.63 P/E if the $0.17 EPS becomes a reality. After $0.23 actual EPS reported by PTC Inc. for the previous quarter, Wall Street now forecasts -26.09% negative EPS growth.

Investors sentiment decreased to 1.14 in Q2 2017. Its down 0.01, from 1.15 in 2017Q1. It dived, as 37 investors sold PTC shares while 109 reduced holdings. 59 funds opened positions while 108 raised stakes. 83.76 million shares or 0.66% more from 83.21 million shares in 2017Q1 were reported. Stephens Ar holds 0% or 2,291 shares in its portfolio. Victory has invested 0.17% in PTC Inc. (NASDAQ:PTC). Global Endowment Limited Partnership owns 0.06% invested in PTC Inc. (NASDAQ:PTC) for 7,900 shares. Silvercrest Asset Grp Limited Liability Co invested 0.02% in PTC Inc. (NASDAQ:PTC). Airain invested in 19,132 shares. Contravisory Mgmt Inc accumulated 1.65% or 83,084 shares. Hudock Capital Grp Incorporated Llc holds 40 shares or 0% of its portfolio. Creative Planning owns 0% invested in PTC Inc. (NASDAQ:PTC) for 1,096 shares. 5,377 are held by Da Davidson &. Pictet Asset Management has invested 0.1% in PTC Inc. (NASDAQ:PTC). Balyasny Asset Mgmt has invested 0.16% in PTC Inc. (NASDAQ:PTC). Moody Bank & Trust Trust Division reported 0.03% in PTC Inc. (NASDAQ:PTC). Ifc Inc Fl invested in 0.02% or 4,244 shares. Stifel Fincl invested in 53,925 shares or 0.01% of the stock. D E Shaw Company Inc holds 95,458 shares or 0.01% of its portfolio.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It turned negative, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. Norris Perne And French Llp Mi stated it has 13,351 shares. Rockland Trust Communications reported 2.54% stake. Bailard Inc has 53,397 shares for 0.19% of their portfolio. Edmp Inc owns 9,812 shares. Verity & Verity Limited Liability holds 1.91% or 125,668 shares. Barrow Hanley Mewhinney & Strauss Lc reported 28.15M shares or 1.91% of all its holdings. Moreover, Provise Group Inc Limited Liability has 0.42% invested in Verizon Communications Inc. (NYSE:VZ). Pnc Grp holds 9.61M shares. S&T Commercial Bank Pa accumulated 78,530 shares or 0.64% of the stock. Cobblestone Cap Advisors Limited Com New York accumulated 0.11% or 19,046 shares. Northwest Inv Counselors holds 0.02% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 1,105 shares. Verus Fincl Ptnrs Incorporated holds 7,223 shares or 0.13% of its portfolio. Btc Capital Mngmt Inc has 103,766 shares for 0.84% of their portfolio. Hutchin Hill Cap Ltd Partnership accumulated 13,500 shares or 0.02% of the stock. Sabal accumulated 36,567 shares.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Fool.com which released: “Better Buy: Verizon Communications Inc. vs. Sprint” on November 30, 2017, also Finance.Yahoo.com with their article: “Verizon Communications Inc. (VZ) Is Primed For a Big 2018” published on November 20, 2017, Reuters.com published: “Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources” on November 16, 2017. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Fool.com and their article: “Better Buy: AT&T Inc. vs. Verizon Communications” published on December 04, 2017 as well as Prnewswire.com‘s news article titled: “12/7/17: Verizon declares quarterly dividend” with publication date: December 07, 2017.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. Therefore 27% are positive. Verizon Communications Inc. has $55 highest and $44 lowest target. $51.21’s average target is 1.57% above currents $50.42 stock price. Verizon Communications Inc. had 60 analyst reports since July 22, 2015 according to SRatingsIntel. FBR Capital maintained the shares of VZ in report on Wednesday, October 21 with “Outperform” rating. The firm has “Hold” rating by Robert W. Baird given on Wednesday, October 4. On Friday, July 28 the stock rating was maintained by Cowen & Co with “Hold”. Moffet Nathanson downgraded the shares of VZ in report on Friday, April 1 to “Neutral” rating. The firm has “Equal Weight” rating by Barclays Capital given on Thursday, April 13. The firm has “Buy” rating given on Wednesday, October 21 by Argus Research. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Thursday, October 19 by Cowen & Co. Vetr downgraded it to “Buy” rating and $48.62 target in Tuesday, August 11 report. The firm has “Buy” rating given on Tuesday, January 3 by Citigroup. The rating was maintained by Oppenheimer with “Hold” on Thursday, July 27.

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