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Abaxis (ABAX) Stock Price Declined While Brown Capital Management Decreased Its Stake; Woodmont Investment Counsel Has Lowered Its Apple (AAPL) Position as Shares Rose

Brown Capital Management Llc decreased its stake in Abaxis Inc (ABAX) by 8.77% based on its latest 2017Q3 regulatory filing with the SEC. Brown Capital Management Llc sold 298,271 shares as the company’s stock declined 4.99% while stock markets rallied. The institutional investor held 3.10 million shares of the capital goods company at the end of 2017Q3, valued at $138.49 million, down from 3.40M at the end of the previous reported quarter. Brown Capital Management Llc who had been investing in Abaxis Inc for a number of months, seems to be less bullish one the $1.43B market cap company. The stock decreased 3.31% or $2.15 during the last trading session, reaching $62.84. About 202,936 shares traded or 1.17% up from the average. Abaxis, Inc. (NASDAQ:ABAX) has risen 7.18% since February 9, 2017 and is uptrending. It has underperformed by 9.52% the S&P500.

Woodmont Investment Counsel Llc decreased its stake in Apple Inc (AAPL) by 9.79% based on its latest 2017Q3 regulatory filing with the SEC. Woodmont Investment Counsel Llc sold 4,045 shares as the company’s stock rose 12.78% with the market. The hedge fund held 37,252 shares of the computer manufacturing company at the end of 2017Q3, valued at $5.74M, down from 41,297 at the end of the previous reported quarter. Woodmont Investment Counsel Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $787.23 billion market cap company. The stock decreased 2.75% or $4.39 during the last trading session, reaching $155.15. About 54.39M shares traded or 72.61% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 9, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It improved, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Pinnacle Advisory Grp invested 0.15% of its portfolio in Apple Inc. (NASDAQ:AAPL). Summit Wealth Advsrs Ltd Limited Liability Company owns 15,594 shares or 0.87% of their US portfolio. Invest Serv Inc Wi stated it has 1.42% of its portfolio in Apple Inc. (NASDAQ:AAPL). Osborne Partners Mngmt Lc reported 124,443 shares. Churchill Mngmt Corp holds 0.12% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 30,762 shares. California-based Palo Cap Inc has invested 2.24% in Apple Inc. (NASDAQ:AAPL). Vestor Ltd Co owns 78,180 shares for 2.71% of their portfolio. Ipswich Investment Mngmt Incorporated has 3.62% invested in Apple Inc. (NASDAQ:AAPL). Aspen Inv Mngmt Inc has invested 0.54% in Apple Inc. (NASDAQ:AAPL). King Luther Capital Mngmt Corp owns 2.07M shares for 2.8% of their portfolio. Intl Ca has invested 1.31% of its portfolio in Apple Inc. (NASDAQ:AAPL). Singapore-based Seatown Pte Limited has invested 0.51% in Apple Inc. (NASDAQ:AAPL). Howe Rusling has 108,523 shares for 3.09% of their portfolio. 32,186 are owned by Liberty Capital Management Inc. Wespac Advisors Limited Liability Corporation holds 0.41% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 4,050 shares.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 17 Hold. Therefore 66% are positive. Apple Inc. had 373 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Apple Inc. (NASDAQ:AAPL) has “Hold” rating given on Monday, June 5 by KeyBanc Capital Markets. Robert W. Baird maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, November 3. Robert W. Baird has “Outperform” rating and $190 target. The stock has “Overweight” rating by Barclays Capital on Wednesday, October 28. The firm earned “Buy” rating on Tuesday, July 26 by UBS. Robert W. Baird maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, June 2. Robert W. Baird has “Buy” rating and $16000 target. The company was downgraded on Thursday, October 27 by Hilliard Lyons. The firm has “Buy” rating by Stifel Nicolaus given on Friday, September 11. Pacific Crest maintained Apple Inc. (NASDAQ:AAPL) on Friday, January 8 with “Overweight” rating. Morgan Stanley maintained it with “Overweight” rating and $120 target in Wednesday, April 27 report. The firm earned “Market Perform” rating on Wednesday, January 31 by BMO Capital Markets.

Since August 15, 2017, it had 0 insider purchases, and 9 sales for $73.18 million activity. $43.15 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by COOK TIMOTHY D. 5,892 Apple Inc. (NASDAQ:AAPL) shares with value of $948,612 were sold by Srouji Johny. Shares for $8.79M were sold by SCHILLER PHILIP W on Tuesday, October 3. $1.01 million worth of Apple Inc. (NASDAQ:AAPL) was sold by KONDO CHRIS on Tuesday, August 15. AHRENDTS ANGELA J sold 63,388 shares worth $9.78 million.

Woodmont Investment Counsel Llc, which manages about $557.42M and $366.42M US Long portfolio, upped its stake in Select Sector Spdr Tr (XLE) by 13,125 shares to 20,245 shares, valued at $1.39M in 2017Q3, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLF) by 75,002 shares in the quarter, for a total of 85,727 shares, and has risen its stake in Verizon Communications Inc (NYSE:VZ).

Since January 30, 2018, it had 0 insider buys, and 3 sales for $605,367 activity. 1,650 shares valued at $122,652 were sold by TOCKMAN CRAIG on Wednesday, January 31. $149,255 worth of Abaxis, Inc. (NASDAQ:ABAX) shares were sold by SINGH PRITHIPAL.

Investors sentiment increased to 1.32 in Q3 2017. Its up 0.20, from 1.12 in 2017Q2. It improved, as 11 investors sold ABAX shares while 36 reduced holdings. 18 funds opened positions while 44 raised stakes. 21.83 million shares or 0.11% less from 21.86 million shares in 2017Q2 were reported. 24,758 were accumulated by Comerica Bankshares. Schwab Charles Investment owns 0% invested in Abaxis, Inc. (NASDAQ:ABAX) for 91,239 shares. State Of Alaska Department Of Revenue holds 0.01% or 4,487 shares in its portfolio. Voya Investment Mngmt Lc has invested 0% of its portfolio in Abaxis, Inc. (NASDAQ:ABAX). Tokio Marine Asset Mgmt Co Ltd accumulated 8,000 shares. Primecap Management Com Ca invested in 2.22M shares. Price T Rowe Assocs Inc Md reported 181,420 shares. Regions owns 33,770 shares for 0.02% of their portfolio. 3,100 were accumulated by Paradigm Asset Mgmt Ltd Liability. Moreover, State Bank Of Montreal Can has 0% invested in Abaxis, Inc. (NASDAQ:ABAX). Aperio Gru Limited Liability Company stated it has 5,846 shares or 0% of all its holdings. Ahl Prns Ltd Liability Partnership invested in 11,002 shares. Tiaa Cref Mgmt Lc reported 71,402 shares. Public Sector Pension Investment Board owns 14,254 shares or 0% of their US portfolio. Advisory Services Network Limited Liability Corporation invested in 0% or 53 shares.

Brown Capital Management Llc, which manages about $7.02B and $8.22 billion US Long portfolio, upped its stake in Cyberark Software Ltd (NASDAQ:CYBR) by 11,792 shares to 50,731 shares, valued at $2.08M in 2017Q3, according to the filing. It also increased its holding in Cardiovascular Sys Inc Del (NASDAQ:CSII) by 14,564 shares in the quarter, for a total of 2.49 million shares, and has risen its stake in Manhattan Assocs Inc (NASDAQ:MANH).

Among 10 analysts covering Abaxis (NASDAQ:ABAX), 1 have Buy rating, 3 Sell and 6 Hold. Therefore 10% are positive. Abaxis had 29 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Hold” rating by Canaccord Genuity on Monday, January 29. Bank of America maintained the stock with “Underperform” rating in Wednesday, August 23 report. The stock has “Buy” rating by Canaccord Genuity on Thursday, July 23. Canaccord Genuity maintained Abaxis, Inc. (NASDAQ:ABAX) rating on Monday, October 30. Canaccord Genuity has “Hold” rating and $47 target. Stifel Nicolaus maintained Abaxis, Inc. (NASDAQ:ABAX) on Friday, January 27 with “Hold” rating. Credit Suisse initiated the stock with “Underperform” rating in Thursday, February 4 report. The stock has “Hold” rating by Stephens on Friday, January 26. The rating was maintained by Canaccord Genuity on Thursday, October 5 with “Hold”. The rating was maintained by Stifel Nicolaus on Thursday, January 25 with “Hold”. The company was maintained on Thursday, November 12 by Canaccord Genuity.

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