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Inside Selling: James Moylan Unloaded 2,000 Shares of Ciena (CIEN); Picton Mahoney Asset Management Increased Ingredion (INGR) Position

Ingredion Incorporated (NYSE:INGR) Logo

Picton Mahoney Asset Management increased Ingredion Inc (INGR) stake by 10.27% reported in 2017Q4 SEC filing. Picton Mahoney Asset Management acquired 16,100 shares as Ingredion Inc (INGR)’s stock declined 9.28%. The Picton Mahoney Asset Management holds 172,900 shares with $24.17M value, up from 156,800 last quarter. Ingredion Inc now has $9.38 billion valuation. The stock decreased 0.75% or $0.98 during the last trading session, reaching $129.79. About 182,674 shares traded. Ingredion Incorporated (NYSE:INGR) has risen 6.23% since April 19, 2017 and is uptrending. It has underperformed by 5.32% the S&P500.

Since October 19, 2017, it had 0 insider purchases, and 44 sales for $3.49 million activity. $217,247 worth of Ciena Corporation (NYSE:CIEN) was sold by SMITH GARY B. ALEXANDER STEPHEN B had sold 1,976 shares worth $52,522 on Wednesday, March 21. MOYLAN JAMES E JR sold $46,252 worth of Ciena Corporation (NYSE:CIEN) on Wednesday, February 21. On Friday, December 15 the insider Rothenstein David M sold $42,620. FRODSHAM JAMES had sold 2,121 shares worth $56,376. $31,471 worth of Ciena Corporation (NYSE:CIEN) was sold by HAMILTON RICK on Wednesday, March 21. $30,913 worth of Ciena Corporation (NYSE:CIEN) was sold by McFeely Scott.

The stock decreased 0.53% or $0.14 during the last trading session, reaching $26.21. About 1.18M shares traded. Ciena Corporation (NYSE:CIEN) has risen 9.21% since April 19, 2017 and is uptrending. It has underperformed by 2.34% the S&P500.

Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company has market cap of $3.76 billion. The companyÂ’s Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. It has a 5.57 P/E ratio. The Company’s products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 4200 Advanced Services Platform, Corestream 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform.

Among 23 analysts covering Ciena (NYSE:CIEN), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Ciena has $3600 highest and $17 lowest target. $28.39’s average target is 8.32% above currents $26.21 stock price. Ciena had 87 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Hold” on Monday, August 29. The firm has “Hold” rating by Deutsche Bank given on Friday, June 3. The company was maintained on Thursday, August 31 by Piper Jaffray. Stifel Nicolaus maintained Ciena Corporation (NYSE:CIEN) on Thursday, July 20 with “Buy” rating. The rating was downgraded by Morgan Stanley on Friday, September 2 to “Equal-Weight”. As per Friday, June 3, the company rating was maintained by Jefferies. The rating was upgraded by Stifel Nicolaus to “Buy” on Monday, May 22. Nomura maintained the stock with “Buy” rating in Friday, September 1 report. The rating was maintained by Jefferies with “Buy” on Monday, December 4. Dougherty & Company maintained the shares of CIEN in report on Friday, September 1 with “Buy” rating.

James Moylan, the SVP Finance – CFO of Ciena Corp, sold 2,000 shares of the company, worth total $52,666 USD, totalled based on $26.3 per each share. This is not his first insider trade, in the last month, he unloaded another 6,151 shares worth $160,311 USD. The sale was made public in a filing which was filed with the SEC on 19-04-2018, which is available for public access here. At the moment, he has ownership of a total of 387,015 shares or 0.27% of Ciena Corp’s total market cap.

Analysts await Ciena Corporation (NYSE:CIEN) to report earnings on June, 7. They expect $0.23 EPS, down 39.47% or $0.15 from last year’s $0.38 per share. CIEN’s profit will be $33.02 million for 28.49 P/E if the $0.23 EPS becomes a reality. After $0.07 actual EPS reported by Ciena Corporation for the previous quarter, Wall Street now forecasts 228.57% EPS growth.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.06, from 1 in 2017Q3. It dived, as 47 investors sold Ciena Corporation shares while 80 reduced holdings. 44 funds opened positions while 76 raised stakes. 142.49 million shares or 3.75% less from 148.04 million shares in 2017Q3 were reported. Panagora Asset has invested 0% in Ciena Corporation (NYSE:CIEN). State Teachers Retirement accumulated 166,422 shares. Tocqueville Asset Mngmt Lp invested 0.1% in Ciena Corporation (NYSE:CIEN). Ameriprise Fin holds 0.01% or 726,216 shares. 13,670 were reported by Ubs Oconnor Limited Liability. 5 are held by Mcf Advisors Ltd Liability. Point72 Asia (Hong Kong) Limited holds 0.02% or 1,337 shares. Becker has invested 0.97% in Ciena Corporation (NYSE:CIEN). Citadel Advsrs Ltd Company holds 1.02M shares or 0.01% of its portfolio. Gsa Prtnrs Ltd Liability Partnership stated it has 19,859 shares or 0.03% of all its holdings. Moreover, White Pine Cap Limited Company has 0.18% invested in Ciena Corporation (NYSE:CIEN) for 23,390 shares. State Street reported 4.82 million shares or 0.01% of all its holdings. Quentec Asset Management Limited Liability Corporation reported 0.92% in Ciena Corporation (NYSE:CIEN). Oregon Employees Retirement Fund holds 52,264 shares. Moreover, Tiaa Cref Inv Management Ltd Liability Com has 0.04% invested in Ciena Corporation (NYSE:CIEN).

Picton Mahoney Asset Management decreased Nextera Energy Inc (NYSE:NEE) stake by 4,700 shares to 125,300 valued at $19.57M in 2017Q4. It also reduced Spectrum Brands Hldgs Inc (NYSE:SPB) stake by 53,500 shares and now owns 75 shares. E L F Beauty Inc was reduced too.

Among 7 analysts covering Ingredion Inc (NYSE:INGR), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Ingredion Inc had 22 analyst reports since August 3, 2015 according to SRatingsIntel. The company was upgraded on Friday, January 29 by Stephens. BMO Capital Markets maintained it with “Hold” rating and $125 target in Thursday, April 13 report. Jefferies maintained the shares of INGR in report on Wednesday, June 14 with “Buy” rating. The stock of Ingredion Incorporated (NYSE:INGR) earned “Market Perform” rating by BMO Capital Markets on Friday, October 30. The firm earned “Buy” rating on Monday, September 25 by Jefferies. The rating was maintained by BMO Capital Markets with “Hold” on Monday, June 26. BMO Capital Markets maintained Ingredion Incorporated (NYSE:INGR) on Wednesday, August 2 with “Hold” rating. The stock has “Hold” rating by Societe Generale on Thursday, September 8. The firm has “Buy” rating given on Thursday, June 29 by Jefferies. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, September 27 report.

Ingredion Incorporated (NYSE:INGR) Institutional Positions Chart

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