Philadelphia Trust Company Has Cut Its Position in F5 Networks (FFIV) as Share Value Declined; Dover (DOV) Share Value Rose While Pzena Investment Management Trimmed Position by $12.30 Million

August 31, 2017 - By test

Richard S. Pzena decreased its stake in Dover Corp (DOV) by 2.87% based on its latest 2016Q4 regulatory filing with the SEC. Pzena Investment Management Llc sold 166,151 shares as the company’s stock rose 4.00% with the market. The hedge fund run by Richard S. Pzena held 5.63M shares of the industrial machinery and components company at the end of 2016Q4, valued at $421.74M, down from 5.79M at the end of the previous reported quarter. Pzena Investment Management Llc who had been investing in Dover Corp for a number of months, seems to be less bullish one the $13.22B market cap company. The stock increased 0.17% or $0.14 during the last trading session, reaching $84.88. About 704,357 shares traded. Dover Corp (NYSE:DOV) has risen 29.68% since August 31, 2016 and is uptrending. It has outperformed by 12.98% the S&P500.

Philadelphia Trust Company decreased its stake in F5 Networks Inc (FFIV) by 2.4% based on its latest 2016Q4 regulatory filing with the SEC. Philadelphia Trust Company sold 3,000 shares as the company’s stock declined 11.30% while stock markets rallied. The institutional investor held 121,954 shares of the technology company at the end of 2016Q4, valued at $17.65M, down from 124,954 at the end of the previous reported quarter. Philadelphia Trust Company who had been investing in F5 Networks Inc for a number of months, seems to be less bullish one the $7.59B market cap company. The stock increased 0.62% or $0.74 during the last trading session, reaching $119.38. About 665,549 shares traded. F5 Networks, Inc. (NASDAQ:FFIV) has risen 21.28% since August 31, 2016 and is uptrending. It has outperformed by 4.58% the S&P500.

Since May 12, 2017, it had 0 insider buys, and 3 insider sales for $5.83 million activity. 15,638 Dover Corp (NYSE:DOV) shares with value of $1.25 million were sold by Fincher C. Anderson.

Investors sentiment increased to 0.96 in 2016 Q4. Its up 0.03, from 0.93 in 2016Q3. It improved, as 50 investors sold DOV shares while 193 reduced holdings. 70 funds opened positions while 163 raised stakes. 130.37 million shares or 0.60% more from 129.60 million shares in 2016Q3 were reported. Dimensional Fund Advsrs Limited Partnership reported 0.07% of its portfolio in Dover Corp (NYSE:DOV). 16,300 are owned by Btim. Wells Fargo Mn has invested 0.07% in Dover Corp (NYSE:DOV). Moreover, Credit Agricole S A has 0.04% invested in Dover Corp (NYSE:DOV). Stewart And Patten Limited Com holds 3,600 shares or 0.05% of its portfolio. Nationwide Fund Advsr has invested 0.05% in Dover Corp (NYSE:DOV). Laurion Mgmt Limited Partnership holds 12,900 shares. 4,419 are owned by First Republic Inv Management. Ig Mngmt Limited invested in 152,250 shares or 0.06% of the stock. Moors & Cabot Inc holds 3,606 shares or 0.04% of its portfolio. State Of Wisconsin Investment Board reported 257,169 shares. Point72 Asia (Hong Kong) Limited invested in 0.06% or 790 shares. Patten & Patten Tn holds 3,600 shares. Northern accumulated 0.04% or 1.95 million shares. Peapack Gladstone Financial holds 0% or 5,865 shares in its portfolio.

Pzena Investment Management Llc, which manages about $24.64B and $17.54B US Long portfolio, upped its stake in Hilton Worldwide Holdings In (NYSE:HLT) by 2.54 million shares to 12.34 million shares, valued at $335.71 million in 2016Q4, according to the filing. It also increased its holding in Owens & Minor Inc (NYSE:OMI) by 387,190 shares in the quarter, for a total of 1.33M shares, and has risen its stake in Willis Towers Watson Plc.

Among 21 analysts covering Dover (NYSE:DOV), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Dover had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, July 20 with “Hold”. Morgan Stanley upgraded the shares of DOV in report on Monday, April 3 to “Overweight” rating. The rating was upgraded by JP Morgan on Friday, September 11 to “Neutral”. The company was maintained on Friday, January 27 by Stifel Nicolaus. Robert W. Baird upgraded the stock to “Outperform” rating in Wednesday, June 8 report. The company was initiated on Tuesday, November 3 by Suntrust Robinson. The stock of Dover Corp (NYSE:DOV) has “Buy” rating given on Tuesday, May 10 by Bank of America. The stock has “Neutral” rating by Seaport Global on Monday, April 25. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, October 20. Bernstein upgraded the stock to “Outperform” rating in Friday, June 10 report.

More important recent Dover Corp (NYSE:DOV) news were published by: Seekingalpha.com which released: “WSJ: Dover exploring strategic alternatives for energy unit” on August 03, 2017, also Nasdaq.com published article titled: “Ex-Dividend Reminder: Dover Corp, Corning and Aircastle”, Nasdaq.com published: “Dover Corporation (DOV) Ex-Dividend Date Scheduled for August 29, 2017” on August 28, 2017. More interesting news about Dover Corp (NYSE:DOV) was released by: Seekingalpha.com and their article: “Dover: A 7% Dividend Increase For This Dividend King” with publication date: August 11, 2017.

More news for F5 Networks, Inc. (NASDAQ:FFIV) were recently published by: Nasdaq.com, which released: “Here’s Why You Should Offload F5 Networks (FFIV) Stock” on August 10, 2017. Nasdaq.com‘s article titled: “Why Is F5 Networks (FFIV) Down 8.2% Since the Last Earnings Report?” and published on August 29, 2017 is yet another important article.

Among 33 analysts covering F5 Networks Inc. (NASDAQ:FFIV), 6 have Buy rating, 1 Sell and 26 Hold. Therefore 18% are positive. F5 Networks Inc. had 79 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by JMP Securities to “Market Perform” on Friday, November 13. The firm earned “Hold” rating on Friday, June 16 by Jefferies. Wunderlich maintained the shares of FFIV in report on Thursday, October 27 with “Hold” rating. The firm has “Outperform” rating given on Wednesday, September 14 by Oppenheimer. Citigroup initiated F5 Networks, Inc. (NASDAQ:FFIV) on Tuesday, October 6 with “Sell” rating. The firm earned “Sector Perform” rating on Thursday, October 29 by RBC Capital Markets. On Thursday, July 27 the stock rating was maintained by Drexel Hamilton with “Buy”. The stock of F5 Networks, Inc. (NASDAQ:FFIV) has “Neutral” rating given on Wednesday, November 9 by Nomura. The company was maintained on Wednesday, July 20 by RBC Capital Markets. On Thursday, July 21 the stock rating was initiated by Wunderlich with “Buy”.

Philadelphia Trust Company, which manages about $1.31 billion US Long portfolio, upped its stake in Hess Corporation (NYSE:HES) by 33,879 shares to 186,345 shares, valued at $11.61M in 2016Q4, according to the filing. It also increased its holding in Berkshire Hathaway Inc (BRKB) by 8,037 shares in the quarter, for a total of 242,930 shares, and has risen its stake in Rpm International Inc (NYSE:RPM).

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