Artisan Partners Limited Partnership Trimmed Holding in Synopsys (SNPS) as Market Value Rose; As Bemis (BMS) Share Value Declined, Fiduciary Trust Company Lowered Its Stake

February 18, 2018 - By Marguerite Chambers

Fiduciary Trust Company decreased its stake in Bemis Inc (BMS) by 9.25% based on its latest 2017Q3 regulatory filing with the SEC. Fiduciary Trust Company sold 21,484 shares as the company’s stock declined 9.89% while stock markets rallied. The institutional investor held 210,845 shares of the consumer durables company at the end of 2017Q3, valued at $9.61M, down from 232,329 at the end of the previous reported quarter. Fiduciary Trust Company who had been investing in Bemis Inc for a number of months, seems to be less bullish one the $4.17 billion market cap company. The stock increased 2.77% or $1.24 during the last trading session, reaching $45.97. About 1.02M shares traded or 75.15% up from the average. Bemis Company, Inc. (NYSE:BMS) has declined 9.13% since February 18, 2017 and is downtrending. It has underperformed by 25.83% the S&P500.

Artisan Partners Limited Partnership decreased its stake in Synopsys Inc (SNPS) by 3.27% based on its latest 2017Q3 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 30,651 shares as the company’s stock rose 0.68% with the market. The institutional investor held 906,288 shares of the technology company at the end of 2017Q3, valued at $72.98M, down from 936,939 at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Synopsys Inc for a number of months, seems to be less bullish one the $13.25B market cap company. The stock increased 0.16% or $0.14 during the last trading session, reaching $89.07. About 1.18 million shares traded or 2.25% up from the average. Synopsys, Inc. (NASDAQ:SNPS) has risen 45.65% since February 18, 2017 and is uptrending. It has outperformed by 28.95% the S&P500.

Fiduciary Trust Company, which manages about $3.25 billion US Long portfolio, upped its stake in Keycorp New (NYSE:KEY) by 92,099 shares to 518,466 shares, valued at $9.76 million in 2017Q3, according to the filing. It also increased its holding in Fifth Third Bancorp (NASDAQ:FITB) by 27,528 shares in the quarter, for a total of 179,551 shares, and has risen its stake in Merck & Co Inc (NYSE:MRK).

Among 17 analysts covering Bemis Company Inc. (NYSE:BMS), 3 have Buy rating, 2 Sell and 12 Hold. Therefore 18% are positive. Bemis Company Inc. had 54 analyst reports since September 14, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, June 2 by BMO Capital Markets. UBS initiated the shares of BMS in report on Tuesday, July 25 with “Buy” rating. The company was maintained on Monday, October 23 by KeyBanc Capital Markets. The stock of Bemis Company, Inc. (NYSE:BMS) earned “Buy” rating by BMO Capital Markets on Friday, November 10. As per Monday, July 31, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Thursday, April 13 by BMO Capital Markets. The firm has “Hold” rating given on Sunday, July 30 by KeyBanc Capital Markets. The firm has “Equal Weight” rating given on Monday, May 2 by Barclays Capital. On Tuesday, May 30 the stock rating was maintained by RBC Capital Markets with “Sell”. The firm earned “Hold” rating on Wednesday, January 31 by SunTrust.

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.30, from 1.05 in 2017Q2. It dropped, as 32 investors sold BMS shares while 123 reduced holdings. 39 funds opened positions while 78 raised stakes. 64.94 million shares or 0.27% less from 65.11 million shares in 2017Q2 were reported. 50,000 are owned by Peninsula Asset. Tower Capital Limited Liability (Trc) has 479 shares. Riverhead Capital Mngmt Ltd Limited Liability Company invested 0.29% in Bemis Company, Inc. (NYSE:BMS). Lsv Asset Mngmt owns 694,300 shares or 0.05% of their US portfolio. Credit Agricole S A reported 56,934 shares. Cap Advisers Llc invested 0% of its portfolio in Bemis Company, Inc. (NYSE:BMS). Moreover, Burney has 0.03% invested in Bemis Company, Inc. (NYSE:BMS). Regentatlantic Capital Ltd owns 5,715 shares. Impax Asset Management Ltd holds 0.49% or 352,000 shares in its portfolio. Colorado-based Advsrs Asset has invested 0% in Bemis Company, Inc. (NYSE:BMS). Bb&T reported 57,829 shares. 210,781 are owned by Proshare Ltd Liability Corp. Invesco Ltd reported 0.02% in Bemis Company, Inc. (NYSE:BMS). Peak6 Invs Limited Partnership accumulated 16,002 shares. Heartland Incorporated holds 0.01% or 4,647 shares in its portfolio.

Artisan Partners Limited Partnership, which manages about $54.11 billion US Long portfolio, upped its stake in Lamb Weston Hldgs Inc by 437,971 shares to 458,095 shares, valued at $21.48 million in 2017Q3, according to the filing. It also increased its holding in Unilever Plc (NYSE:UL) by 38,154 shares in the quarter, for a total of 2.69M shares, and has risen its stake in Delphi Automotive Plc (NYSE:DLPH).

Among 9 analysts covering Synopsys Inc. (NASDAQ:SNPS), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Synopsys Inc. had 28 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was maintained by Pacific Crest on Tuesday, August 25 with “Buy”. Credit Suisse maintained the shares of SNPS in report on Tuesday, August 15 with “Outperform” rating. The firm earned “Buy” rating on Thursday, December 1 by Needham. The firm has “Top Pick” rating by RBC Capital Markets given on Wednesday, October 25. Credit Suisse initiated Synopsys, Inc. (NASDAQ:SNPS) on Wednesday, October 19 with “Outperform” rating. The firm earned “Buy” rating on Monday, July 31 by RBC Capital Markets. Needham maintained it with “Buy” rating and $100.0 target in Thursday, November 30 report. RBC Capital Markets maintained it with “Buy” rating and $8500 target in Monday, June 19 report. KeyBanc Capital Markets maintained Synopsys, Inc. (NASDAQ:SNPS) on Thursday, November 30 with “Buy” rating. As per Tuesday, December 12, the company rating was downgraded by J.P. Morgan.

Since August 18, 2017, it had 0 insider buys, and 3 insider sales for $3.10 million activity. Another trade for 3,750 shares valued at $290,635 was made by CHAN CHI-FOON on Friday, August 18. $384,946 worth of Synopsys, Inc. (NASDAQ:SNPS) shares were sold by Logan Joseph W. RUNKEL JOHN F JR sold $880,000 worth of stock. $409,607 worth of stock was sold by WALSKE STEVEN on Wednesday, January 17.

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