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Reliance Trust Has Lowered Its Position in Nuance Communications (NUAN) by $522,880 as Stock Price Declined; Turtle Creek Asset Management Position in Netscout Systems (NTCT) Has Increased by $50.31 Million as Shares Declined

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Reliance Trust decreased its stake in Nuance Communications Inc (NUAN) by 58.13% based on its latest 2017Q4 regulatory filing with the SEC. Reliance Trust sold 32,680 shares as the company’s stock declined 6.16% with the market. The institutional investor held 23,539 shares of the technology company at the end of 2017Q4, valued at $385,000, down from 56,219 at the end of the previous reported quarter. Reliance Trust who had been investing in Nuance Communications Inc for a number of months, seems to be less bullish one the $4.45 billion market cap company. The stock decreased 0.17% or $0.025 during the last trading session, reaching $15.165. About 401,265 shares traded. Nuance Communications, Inc. (NASDAQ:NUAN) has declined 7.39% since April 20, 2017 and is downtrending. It has underperformed by 18.94% the S&P500.

Turtle Creek Asset Management Inc increased its stake in Netscout Systems Inc (NTCT) by 54.57% based on its latest 2017Q4 regulatory filing with the SEC. Turtle Creek Asset Management Inc bought 1.68 million shares as the company’s stock declined 18.70% with the market. The institutional investor held 4.75M shares of the technology company at the end of 2017Q4, valued at $144.65 million, up from 3.07 million at the end of the previous reported quarter. Turtle Creek Asset Management Inc who had been investing in Netscout Systems Inc for a number of months, seems to be bullish on the $2.41B market cap company. The stock increased 0.48% or $0.1315 during the last trading session, reaching $27.5815. About 132,298 shares traded. NetScout Systems, Inc. (NASDAQ:NTCT) has declined 32.32% since April 20, 2017 and is downtrending. It has underperformed by 43.87% the S&P500.

Among 13 analysts covering NetScout Systems (NASDAQ:NTCT), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 38% are positive. NetScout Systems had 29 analyst reports since July 31, 2015 according to SRatingsIntel. RBC Capital Markets maintained NetScout Systems, Inc. (NASDAQ:NTCT) rating on Tuesday, January 30. RBC Capital Markets has “Hold” rating and $29.0 target. The firm has “Hold” rating by RBC Capital Markets given on Thursday, July 27. The stock of NetScout Systems, Inc. (NASDAQ:NTCT) has “Outperform” rating given on Thursday, August 13 by RBC Capital Markets. The stock of NetScout Systems, Inc. (NASDAQ:NTCT) earned “Sector Perform” rating by RBC Capital Markets on Thursday, January 19. The company was downgraded on Wednesday, January 10 by DA Davidson. The company was maintained on Thursday, January 11 by Stephens. The rating was maintained by Stephens with “Hold” on Wednesday, January 31. The firm has “Buy” rating given on Wednesday, January 31 by FBR Capital. The firm has “Hold” rating given on Friday, January 29 by Needham. Sterne Agee CRT upgraded NetScout Systems, Inc. (NASDAQ:NTCT) on Friday, July 31 to “Buy” rating.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.23, from 1.06 in 2017Q3. It worsened, as 28 investors sold NTCT shares while 75 reduced holdings. 34 funds opened positions while 52 raised stakes. 93.87 million shares or 0.37% less from 94.23 million shares in 2017Q3 were reported. New York-based Intl Gp has invested 0.02% in NetScout Systems, Inc. (NASDAQ:NTCT). Smithfield Company invested in 0.01% or 1,965 shares. Voya Invest Limited Co holds 0.11% of its portfolio in NetScout Systems, Inc. (NASDAQ:NTCT) for 1.72 million shares. Aqr Management Ltd Liability Co holds 11,693 shares or 0% of its portfolio. Panagora Asset Management owns 132,862 shares. Gemmer Asset Mngmt Limited Liability Co holds 0% of its portfolio in NetScout Systems, Inc. (NASDAQ:NTCT) for 133 shares. Parallax Volatility Advisers Limited Partnership invested in 12,852 shares. Jefferies Grp Llc reported 0% in NetScout Systems, Inc. (NASDAQ:NTCT). Fort Washington Advisors Oh reported 531,283 shares. Retirement Of Alabama has 0.06% invested in NetScout Systems, Inc. (NASDAQ:NTCT) for 392,939 shares. Balyasny Asset Mgmt Limited Liability Corporation holds 0.02% or 171,420 shares in its portfolio. Kestrel Inv Mgmt holds 2.36% or 222,925 shares in its portfolio. Victory Mgmt accumulated 298,400 shares. Schwab Charles Invest Mgmt Inc invested in 522,280 shares. Parametric Assoc Limited Liability holds 147,531 shares or 0% of its portfolio.

Turtle Creek Asset Management Inc, which manages about $1.08 billion US Long portfolio, decreased its stake in Gildan Activewear Inc (NYSE:GIL) by 243,900 shares to 4.21 million shares, valued at $135.89 million in 2017Q4, according to the filing. It also reduced its holding in Cimpress Nv by 330,467 shares in the quarter, leaving it with 1,880 shares, and cut its stake in Tractor Supply Co (NASDAQ:TSCO).

Since February 2, 2018, it had 0 insider purchases, and 2 sales for $225,440 activity. SZABADOS MICHAEL also sold $140,830 worth of NetScout Systems, Inc. (NASDAQ:NTCT) on Friday, February 2.

Among 11 analysts covering Nuance Communications (NASDAQ:NUAN), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Nuance Communications had 36 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Wednesday, August 9 with “Buy”. The firm earned “Hold” rating on Tuesday, August 8 by Stifel Nicolaus. The rating was initiated by Barclays Capital on Friday, April 15 with “Equal-Weight”. The rating was upgraded by Standpoint Research on Monday, January 18 to “Buy”. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) has “Buy” rating given on Tuesday, August 9 by Deutsche Bank. The stock has “Overweight” rating by Morgan Stanley on Thursday, November 2. The stock has “Buy” rating by Deutsche Bank on Monday, June 12. On Tuesday, November 17 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) earned “Strong Buy” rating by Raymond James on Friday, November 18. Leerink Swann initiated the stock with “Outperform” rating in Wednesday, September 9 report.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.07, from 0.95 in 2017Q3. It dived, as 75 investors sold NUAN shares while 88 reduced holdings. 62 funds opened positions while 82 raised stakes. 233.98 million shares or 15.90% more from 201.88 million shares in 2017Q3 were reported. 20,000 are held by New Jersey Better Educational Savings. Etrade Cap Mngmt Limited Liability, a New York-based fund reported 11,208 shares. Janney Montgomery Scott Limited has invested 0.01% in Nuance Communications, Inc. (NASDAQ:NUAN). Lmr Ptnrs Llp reported 0.47% in Nuance Communications, Inc. (NASDAQ:NUAN). Mackenzie Finance Corp reported 35,847 shares or 0% of all its holdings. Country Bankshares has 963,530 shares for 0.68% of their portfolio. Diker Mgmt Ltd Llc has 58,000 shares. Advisory Service Ntwk Ltd owns 2,832 shares for 0% of their portfolio. Reilly Fincl Advsr Lc has invested 0% in Nuance Communications, Inc. (NASDAQ:NUAN). Moreover, Hsbc Hldgs Public Llc has 0% invested in Nuance Communications, Inc. (NASDAQ:NUAN) for 133,418 shares. Metropolitan Life Insur Co Ny invested 0% in Nuance Communications, Inc. (NASDAQ:NUAN). Benjamin F Edwards & Com Incorporated holds 0% of its portfolio in Nuance Communications, Inc. (NASDAQ:NUAN) for 1,600 shares. Nj State Employees Deferred Compensation Plan reported 48,000 shares. Brown Capital Mgmt Ltd Company reported 441,455 shares. 251,262 are held by Susquehanna Int Ltd Liability Partnership.

Analysts await Nuance Communications, Inc. (NASDAQ:NUAN) to report earnings on May, 8. They expect $0.18 EPS, down 43.75% or $0.14 from last year’s $0.32 per share. NUAN’s profit will be $52.87 million for 21.06 P/E if the $0.18 EPS becomes a reality. After $0.19 actual EPS reported by Nuance Communications, Inc. for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth.

Reliance Trust, which manages about $660.55M US Long portfolio, upped its stake in Oracle Corp (NYSE:ORCL) by 27,477 shares to 86,476 shares, valued at $4.09M in 2017Q4, according to the filing.

Nuance Communications, Inc. (NASDAQ:NUAN) Institutional Positions Chart

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