Tieton Capital Management Position in Super Micro Computer (SMCI) Increased by $1.35 Million; Timpani Capital Management Cut Position in Carbonite (CARB) as Market Valuation Declined

January 21, 2018 - By Marguerite Chambers

Tieton Capital Management Llc increased its stake in Super Micro Computer (SMCI) by 36.71% based on its latest 2017Q3 regulatory filing with the SEC. Tieton Capital Management Llc bought 61,440 shares as the company’s stock declined 10.54% while stock markets rallied. The institutional investor held 228,815 shares of the technology company at the end of 2017Q3, valued at $5.06M, up from 167,375 at the end of the previous reported quarter. Tieton Capital Management Llc who had been investing in Super Micro Computer for a number of months, seems to be bullish on the $1.11 billion market cap company. The stock increased 6.05% or $1.3 during the last trading session, reaching $22.8. About 549,551 shares traded or 27.97% up from the average. Super Micro Computer, Inc. (NASDAQ:SMCI) has declined 1.14% since January 21, 2017 and is downtrending. It has underperformed by 17.84% the S&P500.

Timpani Capital Management Llc decreased its stake in Carbonite Inc (CARB) by 36.97% based on its latest 2017Q3 regulatory filing with the SEC. Timpani Capital Management Llc sold 82,978 shares as the company’s stock declined 1.53% while stock markets rallied. The institutional investor held 141,473 shares of the technology company at the end of 2017Q3, valued at $3.11M, down from 224,451 at the end of the previous reported quarter. Timpani Capital Management Llc who had been investing in Carbonite Inc for a number of months, seems to be less bullish one the $719.64M market cap company. The stock decreased 0.96% or $0.25 during the last trading session, reaching $25.75. About 173,483 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 113.73% since January 21, 2017 and is uptrending. It has outperformed by 97.03% the S&P500.

Since August 7, 2017, it had 0 buys, and 13 insider sales for $1.14 million activity. 12,500 shares were sold by FOLGER ANTHONY, worth $264,916. Another trade for 1,912 shares valued at $49,330 was made by Guadagno Norman on Friday, January 12. Another trade for 1,563 shares valued at $34,464 was sold by HUDSON CASSANDRA. Another trade for 1,940 shares valued at $50,052 was made by Mellinger Paul S. on Friday, January 5. On Monday, December 11 KRASNOW TODD sold $231,600 worth of Carbonite, Inc. (NASDAQ:CARB) or 10,000 shares.

Among 9 analysts covering Carbonite (NASDAQ:CARB), 5 have Buy rating, 2 Sell and 2 Hold. Therefore 56% are positive. Carbonite had 14 analyst reports since September 21, 2015 according to SRatingsIntel. The stock of Carbonite, Inc. (NASDAQ:CARB) has “Sell” rating given on Monday, September 21 by Zacks. The firm has “Buy” rating given on Tuesday, February 28 by Lake Street. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, August 4 report. On Wednesday, September 20 the stock rating was maintained by Northland Capital with “Hold”. Oppenheimer upgraded Carbonite, Inc. (NASDAQ:CARB) on Tuesday, October 11 to “Outperform” rating. The rating was maintained by Northland Capital with “Hold” on Friday, November 3. Rosenblatt maintained the stock with “Buy” rating in Wednesday, December 13 report. JMP Securities initiated it with “Buy” rating and $30.0 target in Tuesday, October 17 report. B. Riley & Co initiated the shares of CARB in report on Friday, June 10 with “Buy” rating. The stock of Carbonite, Inc. (NASDAQ:CARB) earned “Buy” rating by JMP Securities on Monday, November 27.

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.28, from 1.36 in 2017Q2. It fall, as 30 investors sold CARB shares while 35 reduced holdings. 23 funds opened positions while 47 raised stakes. 24.47 million shares or 2.34% more from 23.91 million shares in 2017Q2 were reported. Ameriprise Financial owns 151,979 shares. Rice Hall James And Associate Limited Liability holds 0.05% or 47,883 shares in its portfolio. California State Teachers Retirement Sys holds 39,459 shares. Metropolitan Life Communications owns 16,822 shares for 0% of their portfolio. Fincl Bank Of Montreal Can holds 79,271 shares or 0% of its portfolio. Cadence Cap Mngmt Limited Liability Corp reported 0.1% in Carbonite, Inc. (NASDAQ:CARB). Atlantic Tru Gru Limited Liability Company has 0% invested in Carbonite, Inc. (NASDAQ:CARB). The Quebec - Canada-based Pembroke Limited has invested 2.68% in Carbonite, Inc. (NASDAQ:CARB). Massachusetts-based Geode Limited Company has invested 0% in Carbonite, Inc. (NASDAQ:CARB). Dimensional Fund Limited Partnership owns 1.10 million shares. Vanguard Grp Inc Inc accumulated 1.62 million shares. Sentinel Asset Inc owns 711,690 shares for 0.37% of their portfolio. Jp Marvel Invest Advsrs Ltd Liability Corporation stated it has 1.44% in Carbonite, Inc. (NASDAQ:CARB). Amer Group Incorporated holds 0% of its portfolio in Carbonite, Inc. (NASDAQ:CARB) for 16,570 shares. 17,338 are held by Piermont Management Inc.

Timpani Capital Management Llc, which manages about $202.98M and $274.08M US Long portfolio, upped its stake in Euronet Worldwide Inc (NASDAQ:EEFT) by 16,837 shares to 35,742 shares, valued at $3.39M in 2017Q3, according to the filing. It also increased its holding in Rogers Corp (NYSE:ROG) by 10,572 shares in the quarter, for a total of 21,929 shares, and has risen its stake in Merit Med Sys Inc Com (NASDAQ:MMSI).

Analysts await Carbonite, Inc. (NASDAQ:CARB) to report earnings on February, 8. They expect $0.19 EPS, up 375.00% or $0.15 from last year’s $0.04 per share. CARB’s profit will be $5.31M for 33.88 P/E if the $0.19 EPS becomes a reality. After $0.13 actual EPS reported by Carbonite, Inc. for the previous quarter, Wall Street now forecasts 46.15% EPS growth.

Among 11 analysts covering Super Micro Computer (NASDAQ:SMCI), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Super Micro Computer had 35 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Tuesday, August 15 with “Hold”. The company was maintained on Friday, April 15 by Sterne Agee CRT. The rating was maintained by Maxim Group on Friday, September 23 with “Buy”. The rating was upgraded by TH Capital on Friday, January 20 to “Buy”. On Thursday, August 31 the stock rating was maintained by Maxim Group with “Buy”. Roth Capital downgraded the shares of SMCI in report on Friday, August 5 to “Neutral” rating. Maxim Group initiated Super Micro Computer, Inc. (NASDAQ:SMCI) rating on Friday, July 31. Maxim Group has “Buy” rating and $46 target. The stock of Super Micro Computer, Inc. (NASDAQ:SMCI) earned “Buy” rating by Maxim Group on Friday, August 4. The firm earned “Buy” rating on Friday, July 21 by Maxim Group. Maxim Group maintained it with “Buy” rating and $40 target in Friday, January 27 report.

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