Oak Associates LTD Cut Holding in Synopsys (SNPS) as Stock Value Declined; As Carbo Ceramics (CRR) Shares Declined, Tieton Capital Management Has Increased by $1.26 Million Its Position

April 17, 2018 - By Marie Mckinney

Synopsys, Inc. (NASDAQ:SNPS) Logo

Tieton Capital Management Llc increased its stake in Carbo Ceramics Inc (CRR) by 63.12% based on its latest 2017Q4 regulatory filing with the SEC. Tieton Capital Management Llc bought 126,160 shares as the company’s stock declined 26.06% with the market. The institutional investor held 326,026 shares of the capital goods company at the end of 2017Q4, valued at $3.32M, up from 199,866 at the end of the previous reported quarter. Tieton Capital Management Llc who had been investing in Carbo Ceramics Inc for a number of months, seems to be bullish on the $225.89 million market cap company. The stock decreased 1.55% or $0.13 during the last trading session, reaching $8.24. About 147,775 shares traded. CARBO Ceramics Inc. (NYSE:CRR) has declined 36.43% since April 17, 2017 and is downtrending. It has underperformed by 47.98% the S&P500.

Oak Associates Ltd decreased its stake in Synopsys Inc. (SNPS) by 3.54% based on its latest 2017Q4 regulatory filing with the SEC. Oak Associates Ltd sold 7,815 shares as the company’s stock declined 3.41% with the market. The institutional investor held 212,985 shares of the technology company at the end of 2017Q4, valued at $18.16M, down from 220,800 at the end of the previous reported quarter. Oak Associates Ltd who had been investing in Synopsys Inc. for a number of months, seems to be less bullish one the $12.71B market cap company. The stock increased 1.18% or $1 during the last trading session, reaching $85.48. About 364,446 shares traded. Synopsys, Inc. (NASDAQ:SNPS) has risen 16.16% since April 17, 2017 and is uptrending. It has outperformed by 4.61% the S&P500.

Investors sentiment increased to 1.06 in 2017 Q4. Its up 0.05, from 1.01 in 2017Q3. It improved, as 24 investors sold SNPS shares while 169 reduced holdings. 72 funds opened positions while 132 raised stakes. 130.26 million shares or 1.12% less from 131.73 million shares in 2017Q3 were reported. Gsa Cap Partners Llp invested in 16,719 shares. Credit Agricole S A has invested 0.1% in Synopsys, Inc. (NASDAQ:SNPS). Robertson Opportunity Cap Limited Company accumulated 4.5% or 90,000 shares. The California-based Malaga Cove Lc has invested 0.4% in Synopsys, Inc. (NASDAQ:SNPS). Principal Fincl Grp Inc accumulated 872,081 shares. Assetmark reported 39 shares. Cwm Lc has invested 0% in Synopsys, Inc. (NASDAQ:SNPS). Koch owns 9,043 shares or 0.11% of their US portfolio. Ifrah Fincl Svcs reported 9,032 shares. Pettee Investors Inc has 0.59% invested in Synopsys, Inc. (NASDAQ:SNPS) for 11,451 shares. Fiduciary Tru Com holds 0.02% in Synopsys, Inc. (NASDAQ:SNPS) or 8,223 shares. Caisse De Depot Et Placement Du Quebec stated it has 0.01% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Kornitzer Cap Mngmt Ks has invested 0.29% in Synopsys, Inc. (NASDAQ:SNPS). Envestnet Asset Management reported 0% in Synopsys, Inc. (NASDAQ:SNPS). 290,538 are owned by Rhumbline Advisers.

Among 9 analysts covering Synopsys Inc. (NASDAQ:SNPS), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Synopsys Inc. had 29 analyst reports since August 20, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Monday, July 31. The firm earned “Buy” rating on Thursday, August 18 by DA Davidson. The firm earned “Top Pick” rating on Wednesday, October 25 by RBC Capital Markets. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Buy” rating by RBC Capital Markets on Thursday, November 30. RBC Capital Markets maintained it with “Buy” rating and $90.0 target in Wednesday, September 20 report. The firm earned “Buy” rating on Thursday, November 30 by Needham. maintained Synopsys, Inc. (NASDAQ:SNPS) on Monday, October 10 with “Buy” rating. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Outperform” rating by RBC Capital Markets on Monday, June 6. The company was maintained on Wednesday, November 22 by RBC Capital Markets. The company was maintained on Thursday, November 30 by KeyBanc Capital Markets.

Analysts await Synopsys, Inc. (NASDAQ:SNPS) to report earnings on May, 16. They expect $0.73 earnings per share, up 2.82% or $0.02 from last year’s $0.71 per share. SNPS’s profit will be $108.57 million for 29.27 P/E if the $0.73 EPS becomes a reality. After $0.74 actual earnings per share reported by Synopsys, Inc. for the previous quarter, Wall Street now forecasts -1.35% negative EPS growth.

Since December 19, 2017, it had 0 insider buys, and 7 insider sales for $5.22 million activity. Another trade for 10,313 shares valued at $873,410 was sold by Logan Joseph W. Another trade for 21,073 shares valued at $1.81 million was sold by Nikias Chrysostomos L. CHAN CHI-FOON had sold 778 shares worth $70,067 on Tuesday, March 13. RUNKEL JOHN F JR sold $870,000 worth of Synopsys, Inc. (NASDAQ:SNPS) on Thursday, March 8.

Oak Associates Ltd, which manages about $1.01B and $1.41B US Long portfolio, upped its stake in Total System Services Inc. (NYSE:TSS) by 5,830 shares to 169,950 shares, valued at $13.44M in 2017Q4, according to the filing. It also increased its holding in Netapp Inc. (NASDAQ:NTAP) by 25,785 shares in the quarter, for a total of 297,830 shares, and has risen its stake in Hanesbrands Inc. (NYSE:HBI).

Among 11 analysts covering Carbo Ceramics Inc. (NYSE:CRR), 2 have Buy rating, 1 Sell and 8 Hold. Therefore 18% are positive. Carbo Ceramics Inc. had 26 analyst reports since August 24, 2015 according to SRatingsIntel. On Monday, December 14 the stock rating was initiated by KLR Group with “Hold”. Guggenheim upgraded CARBO Ceramics Inc. (NYSE:CRR) on Monday, November 30 to “Buy” rating. The stock of CARBO Ceramics Inc. (NYSE:CRR) earned “Market Perform” rating by Cowen & Co on Monday, February 6. The rating was upgraded by Goldman Sachs on Friday, December 16 to “Neutral”. Piper Jaffray maintained CARBO Ceramics Inc. (NYSE:CRR) rating on Thursday, July 27. Piper Jaffray has “Hold” rating and $9.2500 target. The rating was maintained by Howard Weil on Thursday, September 10 with “Sector Perform”. Cowen & Co maintained the stock with “Hold” rating in Thursday, March 15 report. Cowen & Co maintained it with “Hold” rating and $10.5 target in Wednesday, August 30 report. The rating was maintained by Howard Weil on Friday, January 29 with “Sector Perform”. The rating was maintained by Cowen & Co with “Market Perform” on Wednesday, May 10.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.59, from 1.5 in 2017Q3. It dropped, as 15 investors sold CRR shares while 40 reduced holdings. 17 funds opened positions while 33 raised stakes. 18.69 million shares or 6.27% less from 19.94 million shares in 2017Q3 were reported. Illinois-based Northern Tru Corporation has invested 0% in CARBO Ceramics Inc. (NYSE:CRR). 367,074 were reported by Citigroup. Oklahoma-based Prescott Grp Capital Mngmt Ltd Limited Liability Company has invested 0.94% in CARBO Ceramics Inc. (NYSE:CRR). Moreover, Bnp Paribas Arbitrage Sa has 0% invested in CARBO Ceramics Inc. (NYSE:CRR) for 23,204 shares. Group Inc One Trading LP invested 0% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR). Sector Pension Inv Board reported 15,929 shares or 0% of all its holdings. The New York-based Interest Group Inc has invested 0% in CARBO Ceramics Inc. (NYSE:CRR). Capstone Lc stated it has 0.01% in CARBO Ceramics Inc. (NYSE:CRR). Prudential, a New Jersey-based fund reported 33,827 shares. New York-based Jpmorgan Chase has invested 0% in CARBO Ceramics Inc. (NYSE:CRR). Raymond James Fincl Svcs Advsr reported 0% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR). Barclays Public Lc has invested 0% in CARBO Ceramics Inc. (NYSE:CRR). Virtu Financial Limited Liability Corp invested in 0.04% or 76,787 shares. Deutsche State Bank Ag invested in 51,902 shares or 0% of the stock. Vanguard Group owns 1.22 million shares.

CARBO Ceramics Inc. (NYSE:CRR) Institutional Positions Chart

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