Swedbank Has Lifted Cognizant Techno (CTSH) Stake by $8.37 Million as Shares Rose

February 24, 2018 - By Darrin Black

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.27, from 0.76 in 2017Q2. It is positive, as 37 investors sold CTSH shares while 296 reduced holdings. 99 funds opened positions while 244 raised stakes. 487.81 million shares or 3.03% less from 503.05 million shares in 2017Q2 were reported. Bender Robert holds 88,087 shares or 3.67% of its portfolio. Moreover, Williams Jones And Limited has 0.01% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Ls Investment Limited Liability holds 0.07% or 16,522 shares. Macquarie Gru Limited owns 196,142 shares or 0.03% of their US portfolio. State Board Of Administration Of Florida Retirement Systems invested in 0.17% or 858,029 shares. Rothschild Asset Management Inc invested in 0.14% or 172,852 shares. Pictet Fincl Bank Trust Ltd, Bahamas-based fund reported 31,726 shares. Baldwin Brothers Ma reported 160 shares. Swedbank has 6.62M shares for 2.94% of their portfolio. Illinois-based Nuveen Asset Mgmt Limited has invested 0.03% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Advisory Services Networks Ltd Com owns 6,294 shares. Ubs Oconnor Lc accumulated 420,000 shares. 3,347 were accumulated by Bluecrest Capital Mngmt Ltd. Riverpark Advisors Llc stated it has 267,500 shares or 2.55% of all its holdings. Retirement Of Alabama holds 0.11% or 286,543 shares.

Since August 28, 2017, it had 0 buys, and 42 insider sales for $62.57 million activity. CHATTERJEE DEBASHIS also sold $132,902 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. RAMAKRISHNAN CHANDRASEKARAN had sold 25,000 shares worth $1.83 million. Mehta Rajeev also sold $3.27M worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Thursday, January 18. GOMATAM SUMITHRA had sold 8,000 shares worth $576,012 on Monday, September 25. McLoughlin Karen also sold $1.03 million worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Thursday, December 7. Another trade for 19,500 shares valued at $1.40M was made by fox John nelson JR on Tuesday, December 12.

Swedbank increased its stake in Cognizant Techno (CTSH) by 1.79% based on its latest 2017Q3 regulatory filing with the SEC. Swedbank bought 116,263 shares as the company’s stock rose 12.87% with the market. The institutional investor held 6.62 million shares of the edp services company at the end of 2017Q3, valued at $480.31 million, up from 6.51M at the end of the previous reported quarter. Swedbank who had been investing in Cognizant Techno for a number of months, seems to be bullish on the $48.66 billion market cap company. The stock increased 1.13% or $0.92 during the last trading session, reaching $82.53. About 3.54 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since February 24, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.

Swedbank, which manages about $16.35B US Long portfolio, decreased its stake in Amazon.Com Inc (NASDAQ:AMZN) by 14,740 shares to 551,711 shares, valued at $530.39 million in 2017Q3, according to the filing. It also reduced its holding in Goldman Sachs Gr (NYSE:GS) by 14,150 shares in the quarter, leaving it with 473,843 shares, and cut its stake in Oracle Corp (NYSE:ORCL).

More notable recent Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news were published by: Investorplace.com which released: “Cognizant Technology Solutions (CTSH) a Strong Buy at $81.61” on February 23, 2018, also Nasdaq.com with their article: “Ex-Dividend Reminder: Cognizant Technology Solutions, Teradyne and Robert Half …” published on February 20, 2018, Gurufocus.com published: “Guinness Asset Management LTD Buys Comcast Corp, Cognizant Technology …” on January 29, 2018. More interesting news about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) were released by: Gurufocus.com and their article: “Worth Venture Partners, LLC Buys Cognizant Technology Solutions Corp, Kansas …” published on February 01, 2018 as well as Gurufocus.com‘s news article titled: “Suncoast Equity Management Buys Cognizant Technology Solutions Corp, VMware …” with publication date: February 08, 2018.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Ratings Coverage

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. The stock has “Neutral” rating by Wedbush on Friday, September 9. The firm has “Buy” rating given on Monday, September 26 by Societe Generale. The rating was upgraded by Zacks on Monday, August 10 to “Sell”. Oppenheimer maintained the shares of CTSH in report on Tuesday, June 13 with “Buy” rating. The firm earned “Hold” rating on Thursday, June 8 by HSBC. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Buy” rating by Needham on Wednesday, February 7. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, February 7. The company was maintained on Thursday, October 12 by Robert W. Baird. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Outperform” rating given on Wednesday, November 1 by William Blair. Citigroup maintained the stock with “Buy” rating in Wednesday, July 20 report.

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