Mellanox Technologie (NASDAQ:MLNX).
Snow Capital Management Lp reports that it sold 73,942 shares in quarter ending 09/30/2017 decreasing its holdings in Mellanox Technologie by 9.0%. Its stake was worth $35,323,000 a decrease of $317,000 as of the end of the quarter.
Snow Capital Management Lp isn’t the only one who has changed their investment in MLNX. Alliancebernstein L.P. augmented its investment by buying 17,974 shares an increase of 1.7%. Alliancebernstein L.P. now controls 1,081,225 shares valued at $50,980,000. The total value of its holdings increased 10.7%. As of the end of the quarter Raymond James & Associates had disposed of a total of 6,167 shares trimming its stake by 12.3%. The value of the company’s investment in Mellanox Technologie went from $2,172,000 to $2,074,000 decreasing 4.5% since the last quarter.
As of quarter end Edmond De Rothschild Holding S.a. had bought 52,700 shares growing its holdings by 17,566.7%. The value of the investment in (MLNX) increased from $13,000 to $2,499,000 a change of $2,486,000 quarter over quarter.
Equity analyst Barclays PLC released a research note on MLNX and giving a rating of “Sell” and a price target of $47.00.
Stifel Nicolaus lowered the price target of the stock on October 26 cutting the projection from $56.00 to $53.00 and issued a “Buy” recommendation. October 17 investment analysts at KeyCorp maintained a “Hold” rating on the company.
On September 10 Jefferies Group LLC made no change to the company rating of “Sell” with a current price target of $38.00.
The company is down by 0.82% percent from yesterday’s close. The company’s P/E ratio is N/A and market cap is 2.46B. As of the latest earnings report the EPS was $-0.16 with 50.93M shares outstanding.
Investors are more bullish on the company if you look at the fall in short interest. The company had a fall in short interest of -0.12% as of the latest report on October 13, 2017. Short interest decreased 2,870 over that timeframe. With short interest at 2,472,559 and short average daily volume at 274,611, the short-interest ratio is 9.0 and the short interest percentage is 0.05% as of October 13.