Trinet Group (TNET) Shares Rose While Golden Gate Private Equity Has Trimmed Holding; Raymond James Trust Has Cut Intel (INTC) Holding as Stock Price Declined

September 14, 2018 - By Joe Cepeda

TriNet Group, Inc. (NYSE:TNET) Logo

Golden Gate Private Equity Inc decreased its stake in Trinet Group Inc. (TNET) by 17% based on its latest 2018Q2 regulatory filing with the SEC. Golden Gate Private Equity Inc sold 27,250 shares as the company’s stock rose 0.56% with the market. The institutional investor held 133,000 shares of the miscellaneous company at the end of 2018Q2, valued at $7.44 million, down from 160,250 at the end of the previous reported quarter. Golden Gate Private Equity Inc who had been investing in Trinet Group Inc. for a number of months, seems to be less bullish one the $3.86B market cap company. The stock increased 0.29% or $0.16 during the last trading session, reaching $54.71. About 64,881 shares traded. TriNet Group, Inc. (NYSE:TNET) has risen 55.96% since September 14, 2017 and is uptrending. It has outperformed by 40.34% the S&P500. Some Historical TNET News: 30/04/2018 – TriNet Group 1Q EPS 75c; 16/05/2018 – S&PGR Raises Ratings On TriNet Group Inc; Outlook Positive; 30/04/2018 – TriNet Group 1Q Rev $861M; 04/04/2018 – TRINET GROUP INC TNET.N : MORGAN STANLEY RAISES TO EQUAL-WEIGHT FROM UNDERWEIGHT; 21/04/2018 – DJ TriNet Group Inc, Inst Holders, 1Q 2018 (TNET)

Raymond James Trust decreased its stake in Intel Corp (INTC) by 5.17% based on its latest 2018Q2 regulatory filing with the SEC. Raymond James Trust sold 10,420 shares as the company’s stock declined 18.35% while stock markets rallied. The institutional investor held 191,204 shares of the semiconductors company at the end of 2018Q2, valued at $9.50 million, down from 201,624 at the end of the previous reported quarter. Raymond James Trust who had been investing in Intel Corp for a number of months, seems to be less bullish one the $210.42B market cap company. The stock increased 0.14% or $0.065 during the last trading session, reaching $45.635. About 2.92M shares traded. Intel Corporation (NASDAQ:INTC) has risen 24.49% since September 14, 2017 and is uptrending. It has outperformed by 8.87% the S&P500. Some Historical INTC News: 12/03/2018 – Katrina Pierson: BREAKING REPORT: House Intel Committee Finds “No Evidence” of Trump-Russia Collusion. #DUH #MAGA; 26/04/2018 – INTEL 1Q REV. $16.1B, EST. $15.1B; BOOSTS YEAR FORECAST; 08/05/2018 – Intel Exec Says Companies Need to Better Retain Diverse Talent; 22/03/2018 – Self-driving car industry confronts trust issues after Uber crash; 27/04/2018 – Intel opens more than 4 percent higher after crushing earnings; 02/05/2018 – Janus Global Technology Adds Crown Castle, Exits Intel; 26/04/2018 – Intel earnings: 87 cents per share, vs 72 cents expected; 09/03/2018 – Intel downplays report of interest in Broadcom; 26/04/2018 – Intel 1Q EPS 93c; 26/04/2018 – INTEL CORP – QTRLY CLIENT COMPUTING GROUP REVENUE $8.2 BILLION, UP 3%

Among 8 analysts covering TriNet Group Inc (NYSE:TNET), 1 have Buy rating, 2 Sell and 5 Hold. Therefore 13% are positive. TriNet Group Inc had 23 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, February 28 report. As per Thursday, April 12, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Morgan Stanley on Tuesday, May 1 with “Equal-Weight”. The rating was downgraded by Morgan Stanley to “Underweight” on Tuesday, August 22. The stock of TriNet Group, Inc. (NYSE:TNET) has “Sell” rating given on Thursday, August 17 by J.P. Morgan. William Blair downgraded TriNet Group, Inc. (NYSE:TNET) on Tuesday, August 4 to “Market Perform” rating. The company was maintained on Thursday, December 1 by Stifel Nicolaus. Stifel Nicolaus maintained TriNet Group, Inc. (NYSE:TNET) rating on Tuesday, July 31. Stifel Nicolaus has “Buy” rating and $66 target. As per Wednesday, August 5, the company rating was maintained by JP Morgan. The firm earned “Hold” rating on Wednesday, April 19 by Deutsche Bank.

Golden Gate Private Equity Inc, which manages about $11.87B and $163.38 million US Long portfolio, upped its stake in Valvoline Inc. by 68,500 shares to 301,500 shares, valued at $6.50 million in 2018Q2, according to the filing. It also increased its holding in Hexcel Corporation (NYSE:HXL) by 8,279 shares in the quarter, for a total of 112,879 shares, and has risen its stake in Ares Capital Corp. (NASDAQ:ARCC).

More news for TriNet Group, Inc. (NYSE:TNET) were recently published by: Globenewswire.com, which released: “TriNet Announces New Brand with Tagline: ‘Incredible Starts Here'” on September 10, 2018. Investorplace.com‘s article titled: “7 Tech Stocks Sporting Amazon-Like Growth” and published on September 13, 2018 is yet another important article.

Analysts await TriNet Group, Inc. (NYSE:TNET) to report earnings on November, 1. They expect $0.46 EPS, down 6.12% or $0.03 from last year’s $0.49 per share. TNET’s profit will be $32.45 million for 29.73 P/E if the $0.46 EPS becomes a reality. After $0.76 actual EPS reported by TriNet Group, Inc. for the previous quarter, Wall Street now forecasts -39.47% negative EPS growth.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Seekingalpha.com which released: “Intel acquires SoC tool company NetSpeed Systems” on September 10, 2018, also Seekingalpha.com with their article: “Report: Intel will outsource some 14nm production to TSMC” published on September 10, 2018, Seekingalpha.com published: “Intel’s Challenging Investment” on September 04, 2018. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Nasdaq.com and their article: “Intel (INTC) Stock Climbed Tuesday: Time to Buy?” published on August 21, 2018 as well as Investorplace.com‘s news article titled: “Trade of the Day: Intel Corporation (INTC)” with publication date: September 10, 2018.

Among 57 analysts covering Intel Corporation (NASDAQ:INTC), 32 have Buy rating, 5 Sell and 20 Hold. Therefore 56% are positive. Intel Corporation had 295 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Northland Capital on Thursday, September 13. On Tuesday, January 5 the stock rating was downgraded by UBS to “Neutral”. Deutsche Bank maintained Intel Corporation (NASDAQ:INTC) rating on Wednesday, October 19. Deutsche Bank has “Buy” rating and $42 target. The stock of Intel Corporation (NASDAQ:INTC) earned “Buy” rating by UBS on Friday, January 15. The firm has “Equal-Weight” rating given on Thursday, July 21 by Barclays Capital. The company was maintained on Friday, July 27 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, July 12 by Hilliard Lyons. The stock has “Buy” rating by Wells Fargo on Monday, July 31. The stock of Intel Corporation (NASDAQ:INTC) earned “Hold” rating by SunTrust on Wednesday, October 11. Jefferies maintained Intel Corporation (NASDAQ:INTC) on Tuesday, October 3 with “Sell” rating.

Investors sentiment increased to 0.81 in Q2 2018. Its up 0.05, from 0.76 in 2018Q1. It improved, as 48 investors sold INTC shares while 787 reduced holdings. 159 funds opened positions while 521 raised stakes. 2.93 billion shares or 2.47% less from 3.00 billion shares in 2018Q1 were reported. Private Asset Mngmt Inc has 374,910 shares for 3.02% of their portfolio. Eii Management stated it has 0.07% of its portfolio in Intel Corporation (NASDAQ:INTC). Wright Invsts Serv Incorporated holds 109,382 shares or 2.16% of its portfolio. Loudon Investment Mngmt Limited Liability Company, New Hampshire-based fund reported 115,376 shares. Fruth Invest Mngmt reported 11,588 shares. First Commonwealth Fin Corporation Pa has invested 0.46% in Intel Corporation (NASDAQ:INTC). First Personal Financial Svcs stated it has 1.05% of its portfolio in Intel Corporation (NASDAQ:INTC). Howard Management stated it has 2.47% in Intel Corporation (NASDAQ:INTC). Corda Investment Mgmt Ltd Liability Corporation invested 1.27% in Intel Corporation (NASDAQ:INTC). American Century Cos reported 7.95 million shares or 0.4% of all its holdings. Brown Brothers Harriman And Co holds 0.05% or 171,981 shares in its portfolio. Telemus Capital Lc reported 57,898 shares. Plancorp Lc has invested 0.12% in Intel Corporation (NASDAQ:INTC). Creative Planning holds 0.2% or 1.02M shares. Td Capital Mngmt Lc holds 0.02% of its portfolio in Intel Corporation (NASDAQ:INTC) for 1,240 shares.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on October, 25. They expect $1.15 EPS, up 13.86% or $0.14 from last year’s $1.01 per share. INTC’s profit will be $5.30 billion for 9.92 P/E if the $1.15 EPS becomes a reality. After $1.04 actual EPS reported by Intel Corporation for the previous quarter, Wall Street now forecasts 10.58% EPS growth.

Since April 23, 2018, it had 0 insider buys, and 12 insider sales for $5.17 million activity. 35,693 shares valued at $1.89 million were sold by BRYANT ANDY D on Tuesday, May 8. Shenoy Navin sold $66,379 worth of stock or 1,265 shares. McBride Kevin Thomas sold $557 worth of stock. 25,000 Intel Corporation (NASDAQ:INTC) shares with value of $1.33 million were sold by YOFFIE DAVID B. 2,213 shares valued at $116,028 were sold by Rodgers Steven Ralph on Wednesday, July 25. Shares for $1.07M were sold by HUNDT REED E.

Raymond James Trust, which manages about $1.51 billion US Long portfolio, upped its stake in Bb&T Corp (NYSE:BBT) by 7,516 shares to 154,244 shares, valued at $7.78M in 2018Q2, according to the filing. It also increased its holding in Dowdupont Inc by 12,568 shares in the quarter, for a total of 149,152 shares, and has risen its stake in Merck & Co (NYSE:MRK).

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts