Jupiter Asset Management LTD Has Lifted Stake in Ralph Lauren (RL) as Valuation Declined; Walleye Trading Holds Holding in Cavium (Put) (CAVM)

January 14, 2018 - By Winifred Garcia

Jupiter Asset Management Ltd increased its stake in Ralph Lauren Corp (RL) by 35.71% based on its latest 2017Q3 regulatory filing with the SEC. Jupiter Asset Management Ltd bought 408,000 shares as the company’s stock declined 11.61% while stock markets rallied. The institutional investor held 1.55M shares of the apparel company at the end of 2017Q3, valued at $136.89 million, up from 1.14M at the end of the previous reported quarter. Jupiter Asset Management Ltd who had been investing in Ralph Lauren Corp for a number of months, seems to be bullish on the $8.68 billion market cap company. The stock increased 0.80% or $0.85 during the last trading session, reaching $106.79. About 980,268 shares traded. Ralph Lauren Corporation (NYSE:RL) has declined 22.29% since January 14, 2017 and is downtrending. It has underperformed by 38.99% the S&P500.

Walleye Trading Llc increased its stake in Cavium Inc (Put) (CAVM) by 760.31% based on its latest 2017Q3 regulatory filing with the SEC. Walleye Trading Llc bought 99,600 shares as the company’s stock rose 6.47% with the market. The institutional investor held 112,700 shares of the technology company at the end of 2017Q3, valued at $7.43 million, up from 13,100 at the end of the previous reported quarter. Walleye Trading Llc who had been investing in Cavium Inc (Put) for a number of months, seems to be bullish on the $6.22B market cap company. The stock increased 1.70% or $1.5 during the last trading session, reaching $89.99. About 997,360 shares traded. Cavium, Inc. (NASDAQ:CAVM) has risen 55.16% since January 14, 2017 and is uptrending. It has outperformed by 38.46% the S&P500.

Among 29 analysts covering Polo Ralph Lauren Corporation (NYSE:RL), 9 have Buy rating, 5 Sell and 15 Hold. Therefore 31% are positive. Polo Ralph Lauren Corporation had 78 analyst reports since August 6, 2015 according to SRatingsIntel. Piper Jaffray maintained Ralph Lauren Corporation (NYSE:RL) rating on Thursday, October 19. Piper Jaffray has “Sell” rating and $81.0 target. Brean Capital initiated it with “Hold” rating and $6800 target in Monday, July 17 report. The firm has “Buy” rating by BB&T Capital given on Friday, May 20. The firm has “Outperform” rating by Telsey Advisory Group given on Monday, October 12. The firm has “Buy” rating given on Wednesday, January 20 by Standpoint Research. On Tuesday, August 8 the stock rating was maintained by Piper Jaffray with “Sell”. The stock of Ralph Lauren Corporation (NYSE:RL) earned “Neutral” rating by Citigroup on Thursday, September 24. Cowen & Co maintained Ralph Lauren Corporation (NYSE:RL) rating on Tuesday, August 8. Cowen & Co has “Hold” rating and $8900 target. The firm earned “Buy” rating on Wednesday, May 11 by UBS. Susquehanna initiated the stock with “Positive” rating in Tuesday, November 3 report.

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.01, from 1.04 in 2017Q2. It increased, as 40 investors sold RL shares while 111 reduced holdings. 59 funds opened positions while 100 raised stakes. 52.86 million shares or 5.79% more from 49.97 million shares in 2017Q2 were reported. Glg Ltd Liability Com has invested 0.02% in Ralph Lauren Corporation (NYSE:RL). Etrade Cap Mngmt Ltd Liability Co holds 0.02% or 6,059 shares. Freestone Cap Lc, Washington-based fund reported 4,664 shares. The United Kingdom-based Pictet Asset has invested 0.01% in Ralph Lauren Corporation (NYSE:RL). Daiwa Securities Grp Incorporated holds 0% or 1,711 shares. 389,058 were reported by Panagora Asset. Cadence Ltd Llc has invested 0.05% in Ralph Lauren Corporation (NYSE:RL). Brandywine Global Management Limited Liability Co accumulated 0.02% or 32,420 shares. New Mexico Educational Retirement Board owns 5,414 shares for 0.02% of their portfolio. 9,556 were reported by Third Avenue Ltd Liability Com. Quantbot Techs Ltd Partnership holds 0.1% or 11,944 shares in its portfolio. Mondrian Prtnrs Limited holds 0% or 627 shares. Guggenheim Capital Ltd Liability Corporation holds 341,747 shares or 0.07% of its portfolio. Rothschild Investment Corporation Il holds 0.17% or 17,210 shares. Susquehanna Grp Llp has invested 0% in Ralph Lauren Corporation (NYSE:RL).

Jupiter Asset Management Ltd, which manages about $2.93B US Long portfolio, decreased its stake in Euronet Worldwide Inc (NASDAQ:EEFT) by 17,228 shares to 95,000 shares, valued at $9.01M in 2017Q3, according to the filing. It also reduced its holding in Altria Group Inc (NYSE:MO) by 33,181 shares in the quarter, leaving it with 110,523 shares, and cut its stake in Cvs Health Corp (NYSE:CVS).

Since August 17, 2017, it had 0 insider purchases, and 1 insider sale for $1.24 million activity.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.13, from 1.11 in 2017Q2. It dropped, as 45 investors sold CAVM shares while 65 reduced holdings. 31 funds opened positions while 77 raised stakes. 67.55 million shares or 0.96% more from 66.91 million shares in 2017Q2 were reported. Oppenheimer Asset Mngmt Incorporated holds 8,701 shares. Bnp Paribas Arbitrage Sa reported 0% stake. Aperio Gp Ltd Liability Com invested 0% in Cavium, Inc. (NASDAQ:CAVM). Florida-based State Board Of Administration Of Florida Retirement System has invested 0.02% in Cavium, Inc. (NASDAQ:CAVM). Nj State Employees Deferred Compensation Plan holds 0.18% or 15,000 shares. 46,188 were accumulated by Essex Mgmt Ltd Liability. Nelson Roberts Advisors Limited Company, California-based fund reported 62,451 shares. Paradigm Management Ny holds 3,828 shares. Perella Weinberg Prtnrs Mngmt Limited Partnership has invested 0.13% in Cavium, Inc. (NASDAQ:CAVM). Moreover, Highland Capital Mgmt LP has 0.26% invested in Cavium, Inc. (NASDAQ:CAVM). 8,978 are held by Ghp Advisors Inc. Jpmorgan Chase & Com, New York-based fund reported 3.35M shares. Missouri-based Enterprise Fin Ser Corporation has invested 0% in Cavium, Inc. (NASDAQ:CAVM). Reilly Advsr Ltd Liability Co reported 52 shares stake. Renaissance Tech Limited has 384,732 shares.

Among 24 analysts covering Cavium Networks Inc. (NASDAQ:CAVM), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. Cavium Networks Inc. had 68 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, August 31 by KeyBanc Capital Markets. The firm earned “Buy” rating on Thursday, September 14 by Jefferies. Bank of America initiated Cavium, Inc. (NASDAQ:CAVM) on Thursday, December 10 with “Neutral” rating. The stock of Cavium, Inc. (NASDAQ:CAVM) earned “Neutral” rating by Susquehanna on Tuesday, November 21. Needham maintained the stock with “Buy” rating in Thursday, August 3 report. The firm has “Buy” rating by Needham given on Thursday, July 30. The company was maintained on Tuesday, November 21 by Needham. The rating was maintained by Barclays Capital on Friday, August 5 with “Overweight”. Jeffries downgraded Cavium, Inc. (NASDAQ:CAVM) on Thursday, June 16 to “Hold” rating. As per Thursday, August 3, the company rating was maintained by Susquehanna.

Walleye Trading Llc, which manages about $20.30 billion US Long portfolio, decreased its stake in Thermo Fisher Scientific Inc (Call) (NYSE:TMO) by 7,500 shares to 6,900 shares, valued at $1.31 million in 2017Q3, according to the filing. It also reduced its holding in Hsbc Hldgs Plc (NYSE:HSBC) by 77,434 shares in the quarter, leaving it with 32,166 shares, and cut its stake in Onemain Hldgs Inc (Put).

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