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Meag Munich Ergo Kapitalanlagegesellschaft Mbh Has Lifted Its Holding in Salesforce Com (CRM) by $9.96 Million as Stock Value Rose; As 8X8 New (EGHT) Stock Price Declined, Shannon River Fund Management Boosted Stake by $4.78 Million

Spencer M. Waxman increased its stake in 8X8 Inc New (EGHT) by 169.96% based on its latest 2017Q3 regulatory filing with the SEC. Shannon River Fund Management Llc bought 367,459 shares as the company’s stock declined 12.33% while stock markets rallied. The hedge fund run by Spencer M. Waxman held 583,657 shares of the telecommunications equipment company at the end of 2017Q3, valued at $7.88 million, up from 216,198 at the end of the previous reported quarter. Shannon River Fund Management Llc who had been investing in 8X8 Inc New for a number of months, seems to be bullish on the $1.71B market cap company. The stock increased 0.54% or $0.1 during the last trading session, reaching $18.5. About 762,119 shares traded. 8×8, Inc. (NASDAQ:EGHT) has risen 12.01% since February 17, 2017 and is uptrending. It has underperformed by 4.69% the S&P500.

Meag Munich Ergo Kapitalanlagegesellschaft Mbh increased its stake in Salesforce Com Inc (CRM) by 405.55% based on its latest 2017Q3 regulatory filing with the SEC. Meag Munich Ergo Kapitalanlagegesellschaft Mbh bought 108,229 shares as the company’s stock rose 7.28% with the market. The institutional investor held 134,916 shares of the prepackaged software company at the end of 2017Q3, valued at $12.53 million, up from 26,687 at the end of the previous reported quarter. Meag Munich Ergo Kapitalanlagegesellschaft Mbh who had been investing in Salesforce Com Inc for a number of months, seems to be bullish on the $81.52 billion market cap company. The stock decreased 0.23% or $0.26 during the last trading session, reaching $112.86. About 4.67M shares traded. Salesforce.com, inc. (NYSE:CRM) has risen 7.78% since February 17, 2017 and is uptrending. It has underperformed by 8.92% the S&P500.

Among 13 analysts covering 8×8 (NASDAQ:EGHT), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. 8×8 had 30 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, November 14 by Northland Capital. Morgan Stanley upgraded the stock to “Overweight” rating in Wednesday, January 17 report. The stock of 8×8, Inc. (NYSE:EGHT) has “Buy” rating given on Tuesday, September 5 by Needham. On Friday, October 27 the stock rating was downgraded by Summit Redstone Partners to “Hold”. The firm has “Overweight” rating given on Friday, May 20 by Barclays Capital. Craig Hallum downgraded the shares of EGHT in report on Friday, July 28 to “Hold” rating. The rating was initiated by Robert W. Baird on Friday, August 26 with “Neutral”. Dougherty & Company maintained 8×8, Inc. (NYSE:EGHT) rating on Friday, May 20. Dougherty & Company has “Buy” rating and $15 target. Northland Capital maintained 8×8, Inc. (NYSE:EGHT) on Tuesday, September 5 with “Buy” rating. The stock of 8×8, Inc. (NYSE:EGHT) earned “Buy” rating by Summit Research on Monday, January 25.

Since January 30, 2018, it had 0 buys, and 1 sale for $1.79 million activity.

Shannon River Fund Management Llc, which manages about $2.55B and $305.64M US Long portfolio, decreased its stake in Blackline Inc by 412,897 shares to 520,353 shares, valued at $17.75 million in 2017Q3, according to the filing. It also reduced its holding in Red Hat Inc (NYSE:RHT) by 3,575 shares in the quarter, leaving it with 114,825 shares, and cut its stake in Activision Blizzard Inc (Put) (NASDAQ:ATVI).

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.24, from 1.3 in 2017Q2. It dropped, as 15 investors sold EGHT shares while 57 reduced holdings. 29 funds opened positions while 47 raised stakes. 58.47 million shares or 0.80% more from 58.00 million shares in 2017Q2 were reported. Geode Capital Management Llc has invested 0% of its portfolio in 8×8, Inc. (NYSE:EGHT). First Tru Advsr LP reported 3.37M shares. Roanoke Asset Mgmt Ny has 0.11% invested in 8×8, Inc. (NYSE:EGHT) for 16,500 shares. Walleye Trading Limited Co has 49,249 shares for 0% of their portfolio. Guggenheim Ltd Llc, a Illinois-based fund reported 57,128 shares. 1,659 are owned by Gp One Trading Lp. Principal Group invested in 737,648 shares. Moreover, Natixis has 0% invested in 8×8, Inc. (NYSE:EGHT) for 12,496 shares. Fifth Third Financial Bank invested in 4,528 shares or 0% of the stock. Port Solutions Ltd Liability Company has invested 0% of its portfolio in 8×8, Inc. (NYSE:EGHT). Ls Inv Limited Liability, a Michigan-based fund reported 6,748 shares. Virtu Financial Ltd Llc reported 10,192 shares stake. Voya Inv Mngmt Limited Liability has invested 0.04% in 8×8, Inc. (NYSE:EGHT). Gemmer Asset Management Ltd Limited Liability Company invested in 294 shares or 0% of the stock. Cap Guardian Trust has invested 0% in 8×8, Inc. (NYSE:EGHT).

Investors sentiment decreased to 1.34 in 2017 Q3. Its down 0.04, from 1.38 in 2017Q2. It dropped, as 40 investors sold CRM shares while 234 reduced holdings. 73 funds opened positions while 295 raised stakes. 609.74 million shares or 0.30% less from 611.55 million shares in 2017Q2 were reported. Aspiriant Lc owns 2,376 shares for 0.02% of their portfolio. First In has 4,338 shares for 0.26% of their portfolio. Cibc Comml Bank Usa holds 0.03% or 2,415 shares. Sun Life owns 5,032 shares for 0.05% of their portfolio. Exane Derivatives invested in 147 shares. Price T Rowe Assocs Md holds 0.75% in Salesforce.com, inc. (NYSE:CRM) or 47.24M shares. Insight Capital & Mgmt Inc holds 1.04% or 19,741 shares in its portfolio. 51 are held by Wealthtrust. Bryn Mawr Tru holds 0.01% or 2,783 shares. Iowa Bancorp owns 50,667 shares for 2.23% of their portfolio. Next Century Growth Ltd Liability Company holds 0.2% or 17,763 shares in its portfolio. Hutchin Hill Cap Limited Partnership accumulated 0.4% or 114,000 shares. Winfield Associates has invested 0.01% of its portfolio in Salesforce.com, inc. (NYSE:CRM). The Maryland-based Heritage Invsts Mgmt Corp has invested 0.03% in Salesforce.com, inc. (NYSE:CRM). First Republic Invest Incorporated owns 106,155 shares.

Since August 15, 2017, it had 1 insider purchase, and 100 sales for $74.37 million activity. Shares for $561,797 were sold by Benioff Marc. $980,981 worth of Salesforce.com, inc. (NYSE:CRM) was sold by BLOCK KEITH. Conway Craig sold 602 shares worth $57,048. 22,606 shares were sold by Allanson Joe, worth $2.49M. Shares for $61,068 were sold by Dayon Alexandre. Roos John Victor also sold $20,056 worth of Salesforce.com, inc. (NYSE:CRM) shares.

Meag Munich Ergo Kapitalanlagegesellschaft Mbh, which manages about $2.45B US Long portfolio, decreased its stake in Laboratory Corp Amer Hldgs (NYSE:LH) by 301,715 shares to 33,830 shares, valued at $5.08M in 2017Q3, according to the filing. It also reduced its holding in Newell Brands Inc (NYSE:NWL) by 121,404 shares in the quarter, leaving it with 60,399 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

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