Zacks Investment Management Lifted Nvidia (NVDA) Position By $1.18 Million; Aerovironment (AVAV) Shorts Down By 0.26%

February 19, 2018 - By Hazel Jackson

Zacks Investment Management increased Nvidia Corp (NVDA) stake by 25.58% reported in 2017Q3 SEC filing. Zacks Investment Management acquired 6,652 shares as Nvidia Corp (NVDA)’s stock rose 26.83%. The Zacks Investment Management holds 32,661 shares with $5.84M value, up from 26,009 last quarter. Nvidia Corp now has $147.77 billion valuation. The stock decreased 1.08% or $2.66 during the last trading session, reaching $243.84. About 15.94 million shares traded or 5.14% up from the average. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since February 19, 2017 and is uptrending. It has outperformed by 195.58% the S&P500.

Aerovironment Incorporated (NASDAQ:AVAV) had a decrease of 0.26% in short interest. AVAV’s SI was 1.26M shares in February as released by FINRA. Its down 0.26% from 1.26M shares previously. With 194,200 avg volume, 7 days are for Aerovironment Incorporated (NASDAQ:AVAV)’s short sellers to cover AVAV’s short positions. The SI to Aerovironment Incorporated’s float is 6.18%. The stock decreased 1.03% or $0.54 during the last trading session, reaching $51.74. About 207,598 shares traded. AeroVironment, Inc. (NASDAQ:AVAV) has risen 11.69% since February 19, 2017 and is uptrending. It has underperformed by 5.01% the S&P500.

Since September 1, 2017, it had 0 insider purchases, and 12 sales for $82.89 million activity. Shares for $18.57 million were sold by JONES HARVEY C on Thursday, September 21. The insider COXE TENCH sold 50,000 shares worth $9.48M. HUANG JEN HSUN sold $18.27M worth of NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, September 6. Another trade for 33,498 shares valued at $6.34M was sold by Shoquist Debora. $3.94M worth of NVIDIA Corporation (NASDAQ:NVDA) shares were sold by PERRY MARK L. $15.02M worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by STEVENS MARK A. Drell Persis also sold $119,427 worth of NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, December 20.

Zacks Investment Management decreased Barracuda Networks Inc (NYSE:CUDA) stake by 33,057 shares to 33,084 valued at $802,000 in 2017Q3. It also reduced Schlumberger Ltd (NYSE:SLB) stake by 6,638 shares and now owns 407,483 shares. Texas Instrs Inc (NASDAQ:TXN) was reduced too.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.09, from 1.21 in 2017Q2. It is positive, as 45 investors sold NVDA shares while 282 reduced holdings. 127 funds opened positions while 298 raised stakes. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. The New York-based Pointstate Lp has invested 0.01% in NVIDIA Corporation (NASDAQ:NVDA). Tci Wealth Advisors owns 554 shares for 0.05% of their portfolio. 4,846 are owned by Alpha Cubed Investments Ltd Liability Corp. Guinness Asset stated it has 0.86% in NVIDIA Corporation (NASDAQ:NVDA). Synovus Finance invested in 8,168 shares. Fdx Advsrs stated it has 0.03% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Hollencrest Ltd Com, California-based fund reported 1,131 shares. Exane Derivatives, a France-based fund reported 916 shares. Private Tru Company Na holds 0.07% or 1,922 shares. Moreover, Sigma Planning Corp has 0.29% invested in NVIDIA Corporation (NASDAQ:NVDA). Franklin Resources owns 1.11M shares or 0.1% of their US portfolio. The Massachusetts-based Eaton Vance Mngmt has invested 0.34% in NVIDIA Corporation (NASDAQ:NVDA). Girard Prtn Ltd has 3,017 shares. British Columbia Mngmt Corp holds 400,920 shares. Nomura Asset Mgmt Com Ltd owns 470,684 shares or 1.09% of their US portfolio.

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 3 Sell and 16 Hold. Therefore 57% are positive. Nvidia Corporation had 185 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Friday, July 15 by Wells Fargo. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Buy” rating by Citigroup on Wednesday, November 2. The rating was maintained by Citigroup on Friday, February 9 with “Buy”. The rating was maintained by Wedbush on Friday, May 13 with “Outperform”. Mizuho maintained the stock with “Buy” rating in Wednesday, June 28 report. On Friday, August 12 the stock rating was maintained by UBS with “Buy”. The firm has “Buy” rating given on Friday, November 10 by Loop Capital. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Buy” rating by Roth Capital on Friday, May 13. The firm has “Buy” rating given on Monday, August 7 by B. Riley & Co. The firm has “Neutral” rating given on Monday, February 6 by Roth Capital.

Among 6 analysts covering AeroVironment (NASDAQ:AVAV), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. AeroVironment had 24 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was upgraded by Zacks to “Sell” on Friday, August 21. The firm has “Sell” rating by Zacks given on Monday, August 31. Jefferies maintained the stock with “Hold” rating in Friday, October 6 report. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, December 5 report. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, December 6 report. Jefferies maintained AeroVironment, Inc. (NASDAQ:AVAV) rating on Friday, June 23. Jefferies has “Hold” rating and $2700 target. Piper Jaffray downgraded it to “Hold” rating and $3500 target in Monday, July 3 report. The company was maintained on Wednesday, October 4 by Canaccord Genuity. Robert W. Baird maintained it with “Hold” rating and $35.0 target in Monday, October 23 report. Jefferies maintained the stock with “Hold” rating in Wednesday, August 2 report.

AeroVironment, Inc. designs, develops, produces, supports, and operates unmanned aircraft systems and efficient energy systems (EES) in the United States and internationally. The company has market cap of $1.22 billion. The firm offers small UAS products to deliver intelligence, surveillance, and reconnaissance; and communications, such as real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual operator. It has a 39.41 P/E ratio. The Company’s small UAS wirelessly transmit critical live video and other information to a hand-held ground control unit enabling the operator to view and capture images; ground control systems allow the operator to control the aircraft; and tactical missile systems designed to be reusable for various flights and to be recovered through an autonomous landing feature that enables a controlled descent to a designated location.

Investors sentiment decreased to 1.87 in Q3 2017. Its down 0.27, from 2.14 in 2017Q2. It dropped, as 13 investors sold AeroVironment, Inc. shares while 33 reduced holdings. 35 funds opened positions while 51 raised stakes. 17.13 million shares or 5.16% less from 18.06 million shares in 2017Q2 were reported. 500 were accumulated by Loring Wolcott Coolidge Fiduciary Advsr Llp Ma. Advisory Net Limited Liability Corp reported 160 shares stake. Peak6 Invs L P invested in 35,046 shares or 0.01% of the stock. Thompson Davis holds 125 shares or 0.01% of its portfolio. White Pine Cap holds 0% in AeroVironment, Inc. (NASDAQ:AVAV) or 3,975 shares. Connors Investor Svcs reported 83,378 shares. Jane Street Grp Ltd Llc invested in 6,727 shares. Art Limited Co invested 0.1% in AeroVironment, Inc. (NASDAQ:AVAV). Bluestein R H Co has invested 0.03% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV). Stephens Invest Mgmt Grp Limited Com has 0.34% invested in AeroVironment, Inc. (NASDAQ:AVAV) for 275,316 shares. Bogle Inv Management Lp De owns 41,418 shares. Rafferty Asset Mngmt Limited Liability invested in 0.02% or 19,599 shares. Hutchin Hill L P invested in 0.03% or 13,100 shares. State Of Alaska Department Of Revenue reported 4,203 shares. Mason Street Advsr Ltd Liability Corporation stated it has 5,374 shares or 0.01% of all its holdings.

Since August 22, 2017, it had 0 insider buys, and 8 selling transactions for $3.15 million activity. Conver Timothy E also sold $391,154 worth of AeroVironment, Inc. (NASDAQ:AVAV) shares.

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