Universal Display (OLED) Share Value Declined While Credit Suisse Ag Has Cut Its Stake by $1.61 Million; As Veeva Systems (VEEV) Stock Declined, Loomis Sayles & Company LP Has Trimmed Holding by $2.96 Million

Veeva Systems Inc. (NYSE:VEEV) Logo

Loomis Sayles & Company LP decreased its stake in Veeva Systems Inc (VEEV) by 18.81% based on its latest 2018Q3 regulatory filing with the SEC. Loomis Sayles & Company LP sold 27,398 shares as the company’s stock declined 12.12% with the market. The institutional investor held 118,224 shares of the prepackaged software company at the end of 2018Q3, valued at $12.87 million, down from 145,622 at the end of the previous reported quarter. Loomis Sayles & Company LP who had been investing in Veeva Systems Inc for a number of months, seems to be less bullish one the $17.08B market cap company. The stock increased 1.35% or $1.57 during the last trading session, reaching $117.52. About 326,735 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 62.15% since February 12, 2018 and is uptrending. It has outperformed by 62.15% the S&P500.

Credit Suisse Ag decreased its stake in Universal Display Corp (OLED) by 19.07% based on its latest 2018Q3 regulatory filing with the SEC. Credit Suisse Ag sold 13,747 shares as the company’s stock declined 25.31% with the market. The institutional investor held 58,357 shares of the electrical products company at the end of 2018Q3, valued at $6.88 million, down from 72,104 at the end of the previous reported quarter. Credit Suisse Ag who had been investing in Universal Display Corp for a number of months, seems to be less bullish one the $5.45B market cap company. The stock increased 2.49% or $2.82 during the last trading session, reaching $115.74. About 325,252 shares traded. Universal Display Corporation (NASDAQ:OLED) has declined 43.05% since February 12, 2018 and is downtrending. It has underperformed by 43.05% the S&P500. Some Historical OLED News: 03/05/2018 – Universal Display Corporation Announces Quarterly Cash Dividend of $0.06 per Share; 10/05/2018 – Universal Display at Goldman Sachs TechNet Conference May 23; 29/05/2018 – ♫ Reuters Insider – iPhones to go OLED in 2019; 09/05/2018 – Columbus Circle Investors Exits Position in Universal Display; 05/03/2018 Adesis, Inc. Holds Expansion Ceremony to Celebrate Investment and Manufacturing Growth in Delaware; 03/05/2018 – UNIVERSAL DISPLAY CORP OLED.O SEES FY 2018 REVENUE $280 MLN TO $310 MLN; 15/05/2018 – Wellington Adds Aptiv, Exits Universal Display, Cuts Apple: 13F; 17/05/2018 – Universal Display Corporation to Showcase Phosphorescent OLEDs and Organic Vapor Jet Printing at SID Display Week 2018; 14/05/2018 – DSAM Partners Adds Goldman Sachs, Exits Universal Display: 13F; 03/05/2018 – UNIVERSAL DISPLAY – FIRST HALF OF YEAR BEING IMPACTED BY SOFT PREMIUM SMARTPHONE MARKET; IN SECOND HALF, EXPECT TO SEE PICK-UP IN OLED PANEL DEMAND

Loomis Sayles & Company L P, which manages about $51.04B US Long portfolio, upped its stake in Hexcel Corp (NYSE:HXL) by 12,868 shares to 586,880 shares, valued at $39.35 million in 2018Q3, according to the filing. It also increased its holding in Nabors Industries Inc Cvt by 256,381 shares in the quarter, for a total of 3.23 million shares, and has risen its stake in Freshpet Inc (NASDAQ:FRPT).

Since August 16, 2018, it had 0 insider buys, and 33 insider sales for $31.63 million activity. Faddis Jonathan sold $304,440 worth of stock. SEKHRI PAUL J sold 6,016 shares worth $590,137. 727 Veeva Systems Inc. (NYSE:VEEV) shares with value of $76,335 were sold by BARABE TIMOTHY C. MATEO ALAN had sold 981 shares worth $90,321. Zuppas Eleni Nitsa had sold 3,800 shares worth $395,048 on Wednesday, September 12. Cabral Timothy S also sold $4.47 million worth of Veeva Systems Inc. (NYSE:VEEV) shares.

Among 19 analysts covering Veeva Systems (NYSE:VEEV), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Veeva Systems had 75 analyst reports since August 28, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Leerink Swann given on Wednesday, November 25. The rating was maintained by Canaccord Genuity on Wednesday, December 6 with “Buy”. The firm has “Hold” rating given on Friday, May 25 by Deutsche Bank. The firm has “Market Perform” rating by Raymond James given on Wednesday, August 24. Raymond James maintained the stock with “Hold” rating in Tuesday, December 5 report. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, June 5. The firm has “Buy” rating given on Thursday, July 6 by Stifel Nicolaus. The rating was downgraded by Canaccord Genuity on Monday, October 1 to “Hold”. The rating was maintained by Canaccord Genuity with “Buy” on Friday, May 25. The firm earned “Buy” rating on Friday, October 5 by Stifel Nicolaus.

Investors sentiment decreased to 1.48 in Q3 2018. Its down 0.31, from 1.79 in 2018Q2. It dropped, as 20 investors sold VEEV shares while 116 reduced holdings. 75 funds opened positions while 126 raised stakes. 104.55 million shares or 0.67% more from 103.85 million shares in 2018Q2 were reported. De Burlo Gp Incorporated reported 85,800 shares. Loomis Sayles Lp has invested 0.03% in Veeva Systems Inc. (NYSE:VEEV). Global Thematic Prtn Limited Liability Com has 0.17% invested in Veeva Systems Inc. (NYSE:VEEV) for 38,590 shares. Advisory Service Ltd Company accumulated 400 shares or 0% of the stock. 15,793 were accumulated by First Citizens Savings Bank And Trust. Employees Retirement System Of Ohio has 0.05% invested in Veeva Systems Inc. (NYSE:VEEV) for 99,590 shares. Griffin Asset accumulated 2,700 shares. Atika Capital Mgmt Ltd owns 39,500 shares. United Services Automobile Association owns 18,516 shares. Sumitomo Mitsui Asset Mgmt Ltd owns 7,166 shares. Petrus Lta holds 0.06% or 2,518 shares. Glynn Capital Ltd Liability Company has invested 4.72% in Veeva Systems Inc. (NYSE:VEEV). Price T Rowe Assoc Md, a Maryland-based fund reported 1.55M shares. San Francisco Sentry Gp (Ca) owns 9 shares. Baldwin Brothers Ma holds 300 shares or 0% of its portfolio.

Analysts await Veeva Systems Inc. (NYSE:VEEV) to report earnings on February, 26. They expect $0.31 EPS, up 82.35% or $0.14 from last year’s $0.17 per share. VEEV’s profit will be $45.04 million for 94.77 P/E if the $0.31 EPS becomes a reality. After $0.35 actual EPS reported by Veeva Systems Inc. for the previous quarter, Wall Street now forecasts -11.43% negative EPS growth.

More notable recent Veeva Systems Inc. (NYSE:VEEV) news were published by: Seekingalpha.com which released: “Veeva Gearing Up For AI In Life Sciences – Seeking Alpha” on June 29, 2018, also Seekingalpha.com with their article: “Veeva sinks 4.5% on bearish Citron tweet – Seeking Alpha” published on December 04, 2018, Seekingalpha.com published: “Veeva Systems: Beware The Precipice – Seeking Alpha” on July 24, 2017. More interesting news about Veeva Systems Inc. (NYSE:VEEV) were released by: Zacks.com and their article: “Veeva Systems (VEEV) Gains But Lags Market: What You Should Know – Zacks.com” published on January 31, 2019 as well as Fool.com‘s news article titled: “Better Buy: Shopify vs. Veeva Systems – Motley Fool” with publication date: December 17, 2018.

Credit Suisse Ag, which manages about $41.97B and $111.64 billion US Long portfolio, upped its stake in Verizon Communications Inc (NYSE:VZ) by 6.50 million shares to 6.84 million shares, valued at $365.32M in 2018Q3, according to the filing. It also increased its holding in Tenaris S A (NYSE:TS) by 55,013 shares in the quarter, for a total of 86,817 shares, and has risen its stake in Kemper Corp Del (NYSE:KMPR).

Investors sentiment increased to 1.39 in 2018 Q3. Its up 0.20, from 1.19 in 2018Q2. It improved, as 26 investors sold OLED shares while 74 reduced holdings. 62 funds opened positions while 77 raised stakes. 35.01 million shares or 5.52% more from 33.17 million shares in 2018Q2 were reported. Cypress Asset Tx stated it has 0.12% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Eaton Vance Mgmt invested in 0% or 18,233 shares. Plante Moran Advsrs Ltd Liability Com stated it has 0% in Universal Display Corporation (NASDAQ:OLED). Schwab Charles Inv Mgmt holds 237,990 shares. Jabre Partners reported 21,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 17,474 shares stake. First Mercantile Trust invested in 6,003 shares. Illinois-based Grp Incorporated One Trading Lp has invested 0% in Universal Display Corporation (NASDAQ:OLED). First Hawaiian State Bank accumulated 900 shares. Parallax Volatility Advisers LP invested in 9,725 shares or 0% of the stock. Nottingham Advisors owns 6,815 shares. Parsons Capital Management Ri has 0.04% invested in Universal Display Corporation (NASDAQ:OLED) for 3,426 shares. Hartford Mgmt invested 0% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Earnest Prns Ltd Liability holds 0% of its portfolio in Universal Display Corporation (NASDAQ:OLED) for 27 shares. Dimensional Fund Advsrs LP holds 0.01% of its portfolio in Universal Display Corporation (NASDAQ:OLED) for 188,222 shares.

Among 12 analysts covering Universal Display (NASDAQ:OLED), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Universal Display had 39 analyst reports since August 11, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of OLED in report on Friday, August 4 with “Hold” rating. On Wednesday, December 9 the stock rating was maintained by Canaccord Genuity with “Hold”. As per Friday, November 10, the company rating was maintained by Cowen & Co. The firm earned “Buy” rating on Tuesday, January 16 by Cowen & Co. The rating was upgraded by Needham on Tuesday, February 20 to “Buy”. The rating was downgraded by Gabelli to “Hold” on Friday, November 3. The firm has “Buy” rating given on Friday, November 4 by Gabelli. The firm has “Buy” rating by Susquehanna given on Friday, February 23. Summit Research initiated the shares of OLED in report on Monday, September 28 with “Hold” rating. Goldman Sachs maintained the stock with “Buy” rating in Wednesday, November 21 report.

Analysts await Universal Display Corporation (NASDAQ:OLED) to report earnings on February, 28. They expect $0.35 earnings per share, down 62.37% or $0.58 from last year’s $0.93 per share. OLED’s profit will be $16.48M for 82.67 P/E if the $0.35 EPS becomes a reality. After $0.48 actual earnings per share reported by Universal Display Corporation for the previous quarter, Wall Street now forecasts -27.08% negative EPS growth.

More notable recent Universal Display Corporation (NASDAQ:OLED) news were published by: Nasdaq.com which released: “OLED Makes Bullish Cross Above Critical Moving Average – Nasdaq” on January 25, 2019, also Seekingalpha.com with their article: “Will Universal Display Trade At $200 Again? – Seeking Alpha” published on May 21, 2018, Fool.com published: “Apple Might Be Making a Brilliant Move – Motley Fool” on January 25, 2019. More interesting news about Universal Display Corporation (NASDAQ:OLED) were released by: Nasdaq.com and their article: “Here’s Why Should You Hold on to Universal Display for Now – Nasdaq” published on October 04, 2018 as well as Nasdaq.com‘s news article titled: “No, Apple Isn’t Overcharging for the iPhone – Nasdaq” with publication date: January 24, 2019.

Universal Display Corporation (NASDAQ:OLED) Institutional Positions Chart