Moon Capital Management Cut Cognizant Technology (CTSH) Stake; Plantronics (PLT) SI Decreased By 2.59%

April 6, 2018 - By John Hoffman

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Moon Capital Management Llc decreased Cognizant Technology (CTSH) stake by 0.87% reported in 2017Q4 SEC filing. Moon Capital Management Llc sold 623 shares as Cognizant Technology (CTSH)’s stock rose 11.69%. The Moon Capital Management Llc holds 70,601 shares with $5.01 billion value, down from 71,224 last quarter. Cognizant Technology now has $47.59B valuation. The stock increased 0.25% or $0.2 during the last trading session, reaching $80.92. About 2.38M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 36.40% since April 6, 2017 and is uptrending. It has outperformed by 24.85% the S&P500.

Plantronics Inc (NYSE:PLT) had a decrease of 2.59% in short interest. PLT’s SI was 689,400 shares in April as released by FINRA. Its down 2.59% from 707,700 shares previously. With 175,600 avg volume, 4 days are for Plantronics Inc (NYSE:PLT)’s short sellers to cover PLT’s short positions. The SI to Plantronics Inc’s float is 2.15%. The stock increased 1.49% or $0.88 during the last trading session, reaching $59.9. About 222,938 shares traded or 14.00% up from the average. Plantronics, Inc. (NYSE:PLT) has risen 2.93% since April 6, 2017 and is uptrending. It has underperformed by 8.62% the S&P500.

Among 6 analysts covering Plantronics (NYSE:PLT), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Plantronics had 21 analyst reports since January 15, 2016 according to SRatingsIntel. Northland Capital maintained it with “Buy” rating and $64.0 target in Wednesday, January 31 report. The stock has “Buy” rating by J.P. Morgan on Thursday, June 1. The firm has “Buy” rating given on Thursday, March 29 by Sidoti. The rating was maintained by Northland Capital with “Buy” on Monday, September 11. Roth Capital maintained Plantronics, Inc. (NYSE:PLT) rating on Wednesday, November 1. Roth Capital has “Buy” rating and $55.0 target. The stock has “Buy” rating by Northland Capital on Wednesday, October 18. The rating was downgraded by Sidoti to “Neutral” on Thursday, February 1. The stock of Plantronics, Inc. (NYSE:PLT) has “Buy” rating given on Thursday, September 28 by Roth Capital. The stock of Plantronics, Inc. (NYSE:PLT) has “Buy” rating given on Wednesday, January 31 by Roth Capital. The firm has “Buy” rating by Sidoti given on Tuesday, January 2.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.13, from 1.19 in 2017Q3. It fall, as 13 investors sold Plantronics, Inc. shares while 69 reduced holdings. 38 funds opened positions while 49 raised stakes. 29.76 million shares or 0.41% more from 29.64 million shares in 2017Q3 were reported. Fdx Advsrs Inc reported 6,191 shares or 0.01% of all its holdings. California Pub Employees Retirement System owns 126,857 shares. Coldstream Capital owns 0.08% invested in Plantronics, Inc. (NYSE:PLT) for 14,527 shares. C M Bidwell & Associate Ltd has invested 0.17% in Plantronics, Inc. (NYSE:PLT). Barrow Hanley Mewhinney Strauss Limited Com invested in 90,714 shares. Gamco Et Al has 0.01% invested in Plantronics, Inc. (NYSE:PLT) for 40,000 shares. Shell Asset Management Co owns 157,202 shares. Ameritas reported 0.03% of its portfolio in Plantronics, Inc. (NYSE:PLT). Wedge Capital Management L L P Nc holds 0.24% or 527,477 shares. Old Bancshares In reported 0.02% of its portfolio in Plantronics, Inc. (NYSE:PLT). Aqr Capital Mngmt holds 0% of its portfolio in Plantronics, Inc. (NYSE:PLT) for 23,298 shares. Sg Americas Ltd Com owns 19,655 shares. 75,006 are owned by Rhumbline Advisers. First Citizens Fincl Bank holds 0.04% or 6,075 shares. Great West Life Assurance Com Can reported 0% in Plantronics, Inc. (NYSE:PLT).

Since January 31, 2018, it had 0 buys, and 3 selling transactions for $214,550 activity. DEXHEIMER BRIAN S also sold $146,300 worth of Plantronics, Inc. (NYSE:PLT) on Wednesday, January 31. 1,151 shares were sold by SARKAR SHANTANU, worth $66,556 on Friday, February 2.

Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company has market cap of $1.93 billion. The firm also makes and markets specialty telephone products under the Clarity brand. It has a 220.22 P/E ratio. The Company’s primary products include corded and cordless communication headsets; audio processors; telephone systems; Bluetooth and corded products; personal computer and gaming headsets; and specialty products for hearing impaired individuals.

Moon Capital Management Llc increased Exxon Mobil Corp. (NYSE:XOM) stake by 4 shares to 12,399 valued at $1.04 billion in 2017Q4. It also upped Group 1 Automotive Inc. (NYSE:GPI) stake by 390 shares and now owns 34,704 shares. General Electric (NYSE:GE) was raised too.

Since October 10, 2017, it had 1 buy, and 43 insider sales for $52.68 million activity. Kandiah Gajakarnan Vibushanan sold $128,538 worth of stock or 1,519 shares. $671,882 worth of stock was sold by Mehta Rajeev on Tuesday, January 23. On Thursday, December 7 the insider McLoughlin Karen sold $1.03M. Breakiron-Evans Maureen sold $1.66 million worth of stock. Middleton Sean had sold 1,278 shares worth $91,198. The insider RAMAKRISHNAN CHANDRASEKARAN sold 25,000 shares worth $1.90 million. Shares for $1.40 million were sold by fox John nelson JR.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.16, from 1.03 in 2017Q3. It is positive, as 46 investors sold CTSH shares while 285 reduced holdings. 107 funds opened positions while 288 raised stakes. 491.94 million shares or 0.85% more from 487.81 million shares in 2017Q3 were reported. Stratos Wealth Prtn holds 2,599 shares. Bender Robert & Associate owns 87,642 shares. Tpg Gru Hldgs (Sbs) Advisors has 1.75% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Petrus Lta invested in 3.18% or 180,700 shares. Gateway Inv Advisers Ltd reported 314,028 shares. Burney Com accumulated 44,247 shares or 0.18% of the stock. 25,871 are held by Sigma Inv Counselors Inc. Employees Retirement Of Texas stated it has 0.03% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Choate Investment Advsrs has 69,740 shares. Retail Bank Of America Corporation De reported 2.38 million shares. Horizon Lc invested in 42,560 shares or 1.25% of the stock. Leuthold Limited Liability reported 51,527 shares stake. Fdx Advsrs owns 0.02% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 9,338 shares. Bowling Port Mngmt Limited Co invested 0.48% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). The New York-based Hutchin Hill Cap Ltd Partnership has invested 0.3% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH).

Among 33 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 26 have Buy rating, 1 Sell and 6 Hold. Therefore 79% are positive. Cognizant Technology Solutions Corp. had 90 analyst reports since August 6, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, February 5 report. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Outperform” rating by Cowen & Co on Friday, February 19. The company was maintained on Wednesday, February 7 by J.P. Morgan. KeyBanc Capital Markets maintained it with “Buy” rating and $79.0 target in Wednesday, September 6 report. Zacks upgraded the shares of CTSH in report on Monday, August 10 to “Sell” rating. The stock has “Buy” rating by RBC Capital Markets on Friday, October 6. The rating was maintained by Cowen & Co on Thursday, October 12 with “Buy”. Berenberg upgraded Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Tuesday, August 8 to “Buy” rating. The stock has “Outperform” rating by William Blair on Wednesday, November 1. The firm has “Buy” rating given on Wednesday, February 7 by SunTrust.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Institutional Positions Chart