As Aerovironment (AVAV) Valuation Declined, Connors Investor Services Has Cut Its Holding; As Intuit (INTU) Share Value Rose, Kayne Anderson Rudnick Investment Management Has Upped by $392,186 Its Position

April 19, 2018 - By Darrin Black

AeroVironment, Inc. (NASDAQ:AVAV) Logo

Connors Investor Services Inc decreased its stake in Aerovironment Inc (AVAV) by 28.73% based on its latest 2017Q4 regulatory filing with the SEC. Connors Investor Services Inc sold 23,955 shares as the company’s stock declined 20.72% with the market. The institutional investor held 59,423 shares of the capital goods company at the end of 2017Q4, valued at $3.34M, down from 83,378 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Aerovironment Inc for a number of months, seems to be less bullish one the $1.33 billion market cap company. The stock decreased 0.07% or $0.04 during the last trading session, reaching $56.67. About 33,292 shares traded. AeroVironment, Inc. (NASDAQ:AVAV) has risen 65.98% since April 19, 2017 and is uptrending. It has outperformed by 54.43% the S&P500.

Kayne Anderson Rudnick Investment Management Llc increased its stake in Intuit (INTU) by 6.97% based on its latest 2017Q4 regulatory filing with the SEC. Kayne Anderson Rudnick Investment Management Llc bought 2,498 shares as the company’s stock rose 9.31% while stock markets declined. The institutional investor held 38,317 shares of the prepackaged software company at the end of 2017Q4, valued at $6.05 million, up from 35,819 at the end of the previous reported quarter. Kayne Anderson Rudnick Investment Management Llc who had been investing in Intuit for a number of months, seems to be bullish on the $46.31 billion market cap company. The stock decreased 0.20% or $0.36 during the last trading session, reaching $180.83. About 209,385 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 46.26% since April 19, 2017 and is uptrending. It has outperformed by 34.71% the S&P500.

Among 7 analysts covering AeroVironment (NASDAQ:AVAV), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. AeroVironment had 26 analyst reports since August 21, 2015 according to SRatingsIntel. Jefferies maintained AeroVironment, Inc. (NASDAQ:AVAV) rating on Wednesday, August 2. Jefferies has “Hold” rating and $2900 target. The firm has “Sell” rating by TheStreet given on Thursday, September 3. The firm has “Neutral” rating by Robert W. Baird given on Thursday, October 6. The rating was maintained by Canaccord Genuity on Wednesday, August 30 with “Hold”. The stock of AeroVironment, Inc. (NASDAQ:AVAV) has “Sell” rating given on Monday, August 31 by Zacks. The firm has “Hold” rating given on Monday, July 3 by Piper Jaffray. As per Monday, October 23, the company rating was maintained by Robert W. Baird. downgraded the stock to “” rating in Monday, July 3 report. Jefferies maintained it with “Hold” rating and $2700 target in Friday, June 23 report. The company was maintained on Monday, August 28 by Robert W. Baird.

Investors sentiment decreased to 1.26 in 2017 Q4. Its down 0.61, from 1.87 in 2017Q3. It dived, as 15 investors sold AVAV shares while 50 reduced holdings. 34 funds opened positions while 48 raised stakes. 17.40 million shares or 1.57% more from 17.13 million shares in 2017Q3 were reported. Neuberger Berman Group Ltd Liability Corporation holds 0.04% or 543,021 shares. Systematic Lp holds 0.06% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV) for 51,265 shares. Maryland-based Brown Advisory has invested 0% in AeroVironment, Inc. (NASDAQ:AVAV). Natixis accumulated 50,265 shares. Benjamin F Edwards Incorporated invested 0% in AeroVironment, Inc. (NASDAQ:AVAV). Barrow Hanley Mewhinney Strauss Ltd Liability Corp has invested 0% in AeroVironment, Inc. (NASDAQ:AVAV). Hsbc Holding Plc invested in 38,387 shares. Goldman Sachs Grp Inc invested 0% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV). The Georgia-based Advisory Serv Ntwk Lc has invested 0% in AeroVironment, Inc. (NASDAQ:AVAV). Thrivent Fincl For Lutherans has invested 0% in AeroVironment, Inc. (NASDAQ:AVAV). Jacobs Levy Equity Mgmt holds 91,062 shares or 0.09% of its portfolio. Royal Bank Of Canada holds 0% in AeroVironment, Inc. (NASDAQ:AVAV) or 3,001 shares. Prudential Financial holds 35,363 shares or 0% of its portfolio. Virtu Financial Lc has 0.04% invested in AeroVironment, Inc. (NASDAQ:AVAV). White Pine Cap Llc has 0.08% invested in AeroVironment, Inc. (NASDAQ:AVAV).

Analysts await AeroVironment, Inc. (NASDAQ:AVAV) to report earnings on June, 26. They expect $0.43 EPS, down 66.92% or $0.87 from last year’s $1.3 per share. AVAV’s profit will be $10.09M for 32.95 P/E if the $0.43 EPS becomes a reality. After $0.09 actual EPS reported by AeroVironment, Inc. for the previous quarter, Wall Street now forecasts 377.78% EPS growth.

Since October 18, 2017, it had 0 insider buys, and 7 insider sales for $2.69 million activity.

Connors Investor Services Inc, which manages about $522.13M and $694.74 million US Long portfolio, upped its stake in Insperity Inc (NYSE:NSP) by 30,896 shares to 62,627 shares, valued at $3.59 million in 2017Q4, according to the filing. It also increased its holding in Emerson Electric (NYSE:EMR) by 38,078 shares in the quarter, for a total of 174,540 shares, and has risen its stake in Costco Wholesale (NASDAQ:COST).

Since December 18, 2017, it had 0 buys, and 7 sales for $190.37 million activity. $1.66M worth of Intuit Inc. (NASDAQ:INTU) shares were sold by STANSBURY HENRY TAYLOE.

Kayne Anderson Rudnick Investment Management Llc, which manages about $9.04B and $12.33 billion US Long portfolio, decreased its stake in Jpmorgan Chase & Co (AMJ) by 304,440 shares to 720,152 shares, valued at $19.78M in 2017Q4, according to the filing. It also reduced its holding in Ishares (IWO) by 6,673 shares in the quarter, leaving it with 4,888 shares, and cut its stake in Biomarin Pharmac Inc (NASDAQ:BMRN).

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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