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Philadelphia Trust Company Raised Position in Bank Of America (BAC) as Shares Declined; Commvault Systems Com (CVLT) Shareholder Sterling Capital Management Has Boosted Its Holding by $325,416

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Philadelphia Trust Company increased its stake in Bank Of America Corp (BAC) by 10.78% based on its latest 2017Q4 regulatory filing with the SEC. Philadelphia Trust Company bought 105,808 shares as the company’s stock declined 1.20% with the market. The institutional investor held 1.09 million shares of the major banks company at the end of 2017Q4, valued at $32.11M, up from 981,914 at the end of the previous reported quarter. Philadelphia Trust Company who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $308.64B market cap company. The stock decreased 1.46% or $0.45 during the last trading session, reaching $30.44. About 55.97M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 23, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Sterling Capital Management Llc increased its stake in Commvault Systems Inc Com (CVLT) by 17.81% based on its latest 2017Q4 regulatory filing with the SEC. Sterling Capital Management Llc bought 6,258 shares as the company’s stock rose 8.89% while stock markets declined. The institutional investor held 41,405 shares of the technology company at the end of 2017Q4, valued at $2.17 million, up from 35,147 at the end of the previous reported quarter. Sterling Capital Management Llc who had been investing in Commvault Systems Inc Com for a number of months, seems to be bullish on the $3.10 billion market cap company. The stock increased 0.59% or $0.4 during the last trading session, reaching $68.2. About 142,868 shares traded. Commvault Systems, Inc. (NASDAQ:CVLT) has risen 15.52% since May 23, 2017 and is uptrending. It has outperformed by 3.97% the S&P500.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird upgraded the shares of BAC in report on Tuesday, September 1 to “Buy” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Neutral” rating given on Wednesday, January 11 by UBS. Deutsche Bank downgraded it to “Hold” rating and $17 target in Tuesday, November 8 report. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, August 23. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, May 31 report. The rating was maintained by Oppenheimer on Monday, March 26 with “Buy”. The firm has “Buy” rating by Nomura given on Monday, April 16. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) rating on Tuesday, June 6. Keefe Bruyette & Woods has “Buy” rating and $2700 target. Wells Fargo maintained the shares of BAC in report on Wednesday, December 20 with “Buy” rating. Sandler O’Neill upgraded the shares of BAC in report on Wednesday, January 20 to “Buy” rating.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Usatoday.com which released: “Management, competition: Two important reasons Warren Buffett reads annual reports” on May 23, 2018, also Seekingalpha.com with their article: “Bank of America affirms gun pledge” published on May 11, 2018, Seekingalpha.com published: “Financial sector the winner today” on May 22, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Bizjournals.com and their article: “Bank of America rolls out AI assistant Erica to all mobile customers” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Bank Of America: Time To Sell?” with publication date: May 08, 2018.

Philadelphia Trust Company, which manages about $1.27B US Long portfolio, decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 123,554 shares to 149,664 shares, valued at $9.58M in 2017Q4, according to the filing. It also reduced its holding in Glatfelter (NYSE:GLT) by 76,308 shares in the quarter, leaving it with 165,922 shares, and cut its stake in Goodyear Tire (NASDAQ:GT).

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Hbk Sorce Advisory Ltd Liability reported 0.25% stake. Stelac Advisory Services Ltd Liability Com invested 0.06% of its portfolio in Bank of America Corporation (NYSE:BAC). Zeke Capital Ltd Liability Corp reported 226,063 shares. Braun Stacey Assocs accumulated 800,494 shares. Palladium Limited Liability Co holds 156,318 shares or 0.33% of its portfolio. Cambridge Trust invested in 22,161 shares or 0.04% of the stock. Provise Gru Limited Liability Com holds 93,112 shares. Modera Wealth accumulated 0.31% or 48,880 shares. New York-based Mrj has invested 1.4% in Bank of America Corporation (NYSE:BAC). First Merchants Corporation holds 0.05% or 9,600 shares in its portfolio. Moore Cap Mgmt Lp invested in 0.46% or 850,000 shares. Vigilant Cap Limited Liability Corporation reported 170 shares. 52,142 were reported by Grimes & Inc. Indiana Inv Mngmt Communications stated it has 0.13% in Bank of America Corporation (NYSE:BAC). Miles has 16,661 shares for 0.29% of their portfolio.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.43, from 1.39 in 2017Q3. It worsened, as 34 investors sold CVLT shares while 67 reduced holdings. 26 funds opened positions while 71 raised stakes. 39.23 million shares or 2.89% less from 40.39 million shares in 2017Q3 were reported. Rmb Capital Ltd Limited Liability Company invested in 0.19% or 136,697 shares. Ameritas Investment Incorporated holds 16,200 shares or 0.04% of its portfolio. Wells Fargo & Mn holds 0.01% of its portfolio in Commvault Systems, Inc. (NASDAQ:CVLT) for 545,215 shares. State Bank Of America De reported 161,059 shares stake. Martingale Asset LP reported 0.03% of its portfolio in Commvault Systems, Inc. (NASDAQ:CVLT). Whittier Trust has invested 0% of its portfolio in Commvault Systems, Inc. (NASDAQ:CVLT). 1.55M were accumulated by State Street Corp. Engineers Gate Manager Lp accumulated 42,343 shares. Pacad invested in 3,600 shares or 0.04% of the stock. Hudson Bay Capital Limited Partnership invested 0.06% in Commvault Systems, Inc. (NASDAQ:CVLT). Voya Investment Mngmt Ltd Liability Com invested in 17,336 shares or 0% of the stock. Adams Diversified Equity Fund invested in 0.04% or 12,400 shares. Moreover, Balyasny Asset Limited Liability Corporation has 0.02% invested in Commvault Systems, Inc. (NASDAQ:CVLT). Stone Ridge Asset Limited Co accumulated 8,217 shares or 0.03% of the stock. 245,850 were reported by Broadview Advsrs Ltd.

Sterling Capital Management Llc, which manages about $45.64B and $11.05 billion US Long portfolio, decreased its stake in Mednax Inc Com (NYSE:MD) by 243,226 shares to 533,433 shares, valued at $28.51M in 2017Q4, according to the filing. It also reduced its holding in Philip Morris Intl Inc Com (NYSE:PM) by 22,239 shares in the quarter, leaving it with 19,996 shares, and cut its stake in First Amern Finl Corp Com (NYSE:FAF).

Since January 29, 2018, it had 0 insider purchases, and 13 sales for $25.65 million activity. Shares for $377,391 were sold by KURIMSKY ROBERT F. 187,502 shares valued at $9.51 million were sold by HAMMER N ROBERT on Friday, March 2. Another trade for 5,500 shares valued at $305,140 was sold by WALKER DAVID F. Shares for $401,250 were sold by SMITH GARY B on Wednesday, January 31. Merrill Gary had sold 3,335 shares worth $181,424 on Tuesday, January 30. On Tuesday, April 10 CAROLAN BRIAN sold $371,413 worth of Commvault Systems, Inc. (NASDAQ:CVLT) or 5,470 shares.

Commvault Systems, Inc. (NASDAQ:CVLT) Institutional Positions Chart

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