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As Novartis Ag Adr (NVS) Valuation Rose, Holder Dearborn Partners Cut Position by $732,530; Osborne Partners Capital Management Has Upped Its Position in Now (DNOW) by $2.87 Million as Share Value Declined

Osborne Partners Capital Management Llc increased its stake in Now Inc (DNOW) by 124.69% based on its latest 2017Q3 regulatory filing with the SEC. Osborne Partners Capital Management Llc bought 220,655 shares as the company’s stock declined 12.97% while stock markets rallied. The hedge fund held 397,620 shares of the metal fabrications company at the end of 2017Q3, valued at $5.49 million, up from 176,965 at the end of the previous reported quarter. Osborne Partners Capital Management Llc who had been investing in Now Inc for a number of months, seems to be bullish on the $1.05 billion market cap company. The stock decreased 4.79% or $0.49 during the last trading session, reaching $9.75. About 2.47 million shares traded or 68.28% up from the average. NOW Inc. (NYSE:DNOW) has risen 9.86% since February 17, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.

Dearborn Partners Llc decreased its stake in Novartis Ag Adr (NVS) by 2.21% based on its latest 2017Q3 regulatory filing with the SEC. Dearborn Partners Llc sold 8,618 shares as the company’s stock rose 4.17% with the market. The institutional investor held 381,838 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $32.78M, down from 390,456 at the end of the previous reported quarter. Dearborn Partners Llc who had been investing in Novartis Ag Adr for a number of months, seems to be less bullish one the $192.11 billion market cap company. The stock increased 0.27% or $0.23 during the last trading session, reaching $86.91. About 983,166 shares traded. Novartis AG (NYSE:NVS) has risen 7.67% since February 17, 2017 and is uptrending. It has underperformed by 9.03% the S&P500.

Investors sentiment increased to 1.22 in 2017 Q3. Its up 0.09, from 1.13 in 2017Q2. It is positive, as 35 investors sold DNOW shares while 62 reduced holdings. 31 funds opened positions while 87 raised stakes. 109.72 million shares or 3.22% more from 106.30 million shares in 2017Q2 were reported. Meeder Asset, a Ohio-based fund reported 37,593 shares. Reliance Tru Of Delaware has invested 0.03% in NOW Inc. (NYSE:DNOW). Massachusetts Fin Ma owns 0.02% invested in NOW Inc. (NYSE:DNOW) for 3.70M shares. Fifth Third Comml Bank, a Ohio-based fund reported 13 shares. Geode Cap Management Limited Liability Corporation reported 903,983 shares or 0% of all its holdings. First Manhattan holds 0% of its portfolio in NOW Inc. (NYSE:DNOW) for 8,782 shares. State Board Of Administration Of Florida Retirement Systems has 0% invested in NOW Inc. (NYSE:DNOW). Invesco Limited reported 743,004 shares stake. Indexiq Advsr Ltd Liability Com invested in 0% or 2,952 shares. Thompson Davis Co Inc reported 0% of its portfolio in NOW Inc. (NYSE:DNOW). Winslow Evans & Crocker holds 402 shares or 0% of its portfolio. Tci Wealth Advsrs Incorporated reported 0% of its portfolio in NOW Inc. (NYSE:DNOW). Boston Prns reported 0% of its portfolio in NOW Inc. (NYSE:DNOW). Shell Asset Mngmt holds 0% of its portfolio in NOW Inc. (NYSE:DNOW) for 4,514 shares. Group One Trading Lp holds 1,213 shares.

Among 11 analysts covering Now Inc (NYSE:DNOW), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Now Inc had 42 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of NOW Inc. (NYSE:DNOW) earned “Neutral” rating by JP Morgan on Tuesday, September 12. The stock of NOW Inc. (NYSE:DNOW) has “Overweight” rating given on Friday, May 5 by Stephens. On Friday, September 15 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. On Friday, October 13 the stock rating was downgraded by Robert W. Baird to “Neutral”. Credit Suisse initiated NOW Inc. (NYSE:DNOW) on Tuesday, September 15 with “Neutral” rating. The rating was downgraded by Stephens on Thursday, August 6 to “Equal Weight”. As per Thursday, February 15, the company rating was maintained by JP Morgan. On Thursday, February 15 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. KeyBanc Capital Markets initiated NOW Inc. (NYSE:DNOW) on Friday, December 18 with “Sector Weight” rating. Credit Suisse maintained it with “Neutral” rating and $12 target in Friday, November 3 report.

Osborne Partners Capital Management Llc, which manages about $1.48 billion and $730.40M US Long portfolio, decreased its stake in Pepsico Inc (NYSE:PEP) by 3,160 shares to 92,025 shares, valued at $10.25 million in 2017Q3, according to the filing. It also reduced its holding in Caterpillar Inc (NYSE:CAT) by 4,325 shares in the quarter, leaving it with 16,742 shares, and cut its stake in Powershares Dwa Technical Lead (PDP).

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