Light Street Capital Management Maintains Position in Palo Alto Networks (PANW); Portolan Capital Management Has Increased Position in Covenant Transportation Group (CVTI) as Valuation Rose

Covenant Transportation Group, Inc. (NASDAQ:CVTI) Logo

George Mccabe increased its stake in Covenant Transportation Group Inc. (CVTI) by 106.12% based on its latest 2018Q1 regulatory filing with the SEC. Portolan Capital Management Llc bought 208,048 shares as the company’s stock rose 10.32% while stock markets declined. The hedge fund run by George Mccabe held 404,100 shares of the transportation company at the end of 2018Q1, valued at $12.05M, up from 196,052 at the end of the previous reported quarter. Portolan Capital Management Llc who had been investing in Covenant Transportation Group Inc. for a number of months, seems to be bullish on the $567.71M market cap company. The stock decreased 0.55% or $0.17 during the last trading session, reaching $30.97. About 196,205 shares traded or 10.83% up from the average. Covenant Transportation Group, Inc. (NASDAQ:CVTI) has risen 72.70% since June 29, 2017 and is uptrending. It has outperformed by 60.13% the S&P500. Some Historical CVTI News: 19/04/2018 – Moody’s: Loan Covenant Quality Indicator Ends 2017 With Weakest Ever Yearly Score; 10/04/2018 – Moody’s: Covenant Quality Of North American High-yield Bonds Improves Marginally In March; 29/03/2018 – Moody’s Publishes Covenant Quality Assessment For W/S Packaging Holdings, Inc. Bond Offering; 26/03/2018 – Moody’s Publishes Covenant Quality Assessment For Mcdermott Technology (Americas), Inc. Bond Offering; 19/03/2018 – Hammerson Rebuffs GBP4.88B Approach; Accrol to Breach Banking Covenant; 19/03/2018 – SUN INTL – ON DIFFICULT TRADING CONDITIONS, TIME SQUARE PRODUCING DISAPPOINTING RESULTS, RENEGOTIATED SOUTH AFRICAN DEBT COVENANT LEVELS FOR JUNE, DEC 2017; 01/05/2018 – MERCER GROUP HAS INFORMED BANKER IT MAY BREACH COVENANT; 15/05/2018 – FLETCHER BUILDING – AGREED PERMANENT SOLUTION TO FINANCIAL COVENANT BREACHES ARISING FROM LOSSES EARLIER ANNOUNCED FOR BUILDING & INTERIORS BUSINESS; 23/05/2018 – CONNECTICUT WILL INCLUDE COVENANT TO LOCK IN FISCAL DISCIPLINE; 04/05/2018 – ICONIX SEES STABLE CASH POSITION AND DEBT COVENANT COMPLIANCE

Glen Kacher increased its stake in Palo Alto Networks Inc (PANW) by 1613.88% based on its latest 2018Q1 regulatory filing with the SEC. Light Street Capital Management Llc bought 322,776 shares as the company’s stock rose 23.61% while stock markets declined. The hedge fund run by Glen Kacher held 342,776 shares of the technology company at the end of 2018Q1, valued at $62.22 million, up from 20,000 at the end of the previous reported quarter. Light Street Capital Management Llc who had been investing in Palo Alto Networks Inc for a number of months, seems to be bullish on the $19.03 billion market cap company. The stock increased 1.89% or $3.8 during the last trading session, reaching $204.92. About 1.10M shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has risen 77.91% since June 29, 2017 and is uptrending. It has outperformed by 65.34% the S&P500. Some Historical PANW News: 24/04/2018 – Stealth Security Adds Two Palo Alto Networks Veterans to Executive Team as President and CEO and VP of Worldwide Sales; 26/03/2018 – Palo Alto Networks Closes Acquisition Of Evident.Io; 23/05/2018 – UKRAINE STATE SECURITY SERVICE SAYS IT IS PARTICULARLY CONCERNING THAT UKRAINIAN CRITICAL INFRASTRUCTURE APPEARS TO BE TARGET OF POSSIBLE ATTACK; 23/05/2018 – ON2IT Announces New Zero Trust SOC App for the Palo Alto Networks Application Framework; 22/05/2018 – Medigate Announces Medical Device Cybersecurity App for the Palo Alto Networks Application Framework; 23/05/2018 – UKRAINE STATE SECURITY SERVICE SAYS THE POSSIBLE CYBER ATTACK APPEARS TO BE FOCUSED ON UKRAINE; 23/04/2018 – KACHER SEES POTENTIAL 90% UPSIDE FOR PANW OVER NEXT 2 YEARS; 22/05/2018 – CyberX Announces New ICS Asset Visibility & Threat Monitoring App for the Palo Alto Networks Application Framework; 24/04/2018 – Palo Alto Networks Closes Acquisition Of Secdo; 22/05/2018 – Portnox Announces New NAC-as-a-Service, Portnox CLEAR App for the Palo Alto Networks Application Framework

Since January 2, 2018, it had 2 insider purchases, and 21 selling transactions for $69.69 million activity. $419,877 worth of Palo Alto Networks, Inc. (NYSE:PANW) shares were sold by MERESMAN STANLEY J. ZUK NIR had sold 30,000 shares worth $4.44M. Shares for $5.52M were sold by MCLAUGHLIN MARK D on Thursday, February 1. Shares for $2.69M were sold by BONVANIE RENE. Another trade for 8,894 shares valued at $1.80 million was made by Klarich Lee on Tuesday, June 12. Another trade for 30,000 shares valued at $5.98M was sold by Anderson Mark.

Among 53 analysts covering Palo Alto Networks (NYSE:PANW), 43 have Buy rating, 2 Sell and 8 Hold. Therefore 81% are positive. Palo Alto Networks had 221 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, May 27 by Wells Fargo. The stock has “Buy” rating by Bernstein on Tuesday, November 21. The rating was maintained by Cowen & Co on Friday, April 20 with “Buy”. The company was maintained on Thursday, May 11 by OTR Global. On Thursday, May 31 the stock rating was maintained by Rosenblatt with “Buy”. The firm has “Overweight” rating given on Thursday, May 12 by Piper Jaffray. Robert W. Baird maintained Palo Alto Networks, Inc. (NYSE:PANW) on Friday, October 13 with “Hold” rating. Morgan Stanley maintained it with “Overweight” rating and $205 target in Tuesday, February 27 report. Raymond James downgraded the shares of PANW in report on Wednesday, August 31 to “Outperform” rating. The firm has “Market Outperform” rating given on Thursday, March 1 by JMP Securities.

Investors sentiment decreased to 1.18 in Q1 2018. Its down 0.04, from 1.22 in 2017Q4. It turned negative, as 43 investors sold PANW shares while 172 reduced holdings. 89 funds opened positions while 165 raised stakes. 72.18 million shares or 1.82% more from 70.89 million shares in 2017Q4 were reported. Korea Inv holds 0% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 770 shares. Franklin Resources holds 0% or 7,034 shares. Gulf Financial Bank (Uk) Limited owns 28,283 shares. Moreover, Geode Capital Management Limited Liability Company has 0.04% invested in Palo Alto Networks, Inc. (NYSE:PANW). Connable Office holds 0.36% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 10,075 shares. Strs Ohio invested in 177,084 shares or 0.14% of the stock. Tudor Inv Et Al accumulated 3,256 shares or 0.02% of the stock. The Pennsylvania-based Pitcairn has invested 0.08% in Palo Alto Networks, Inc. (NYSE:PANW). Hills Commercial Bank And Tru Communications has 0.56% invested in Palo Alto Networks, Inc. (NYSE:PANW). Kbc Nv invested in 122,448 shares or 0.21% of the stock. Essex Invest Management Com Limited Liability Com invested in 88,471 shares. Fin Architects Inc reported 251 shares. Citizens Northern holds 0.85% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 6,278 shares. Clal Ins Ltd invested 0.1% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Gamco Et Al, a New York-based fund reported 9,925 shares.

Light Street Capital Management Llc, which manages about $928.09M and $1.22 billion US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 115,556 shares to 52,344 shares, valued at $75.76 million in 2018Q1, according to the filing. It also reduced its holding in Shopify Inc by 221,982 shares in the quarter, leaving it with 203,018 shares, and cut its stake in Match Group Inc.

More notable recent Palo Alto Networks, Inc. (NYSE:PANW) news were published by: Finance.Yahoo.com which released: “How Financially Strong Is Palo Alto Networks Inc (NYSE:PANW)?” on June 04, 2018, also Seekingalpha.com with their article: “Box: Increasing Switching Costs Will Be Key” published on June 26, 2018, Seekingalpha.com published: “Stocks To Watch: Eyes On Apple’s WWDC, SCOTUS And DC” on June 02, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Fool.com and their article: “Better Buy: Palo Alto Networks vs. Fortinet” published on June 29, 2018 as well as Fool.com‘s news article titled: “Is Carbon Black’s Stock Too Hot to Handle?” with publication date: June 27, 2018.

Among 5 analysts covering Covenant Transportation Group (NASDAQ:CVTI), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Covenant Transportation Group had 20 analyst reports since October 19, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) rating on Thursday, September 28. Stifel Nicolaus has “Hold” rating and $19.0 target. The firm has “Outperform” rating given on Wednesday, December 16 by Cowen & Co. The firm has “Market Perform” rating by Avondale given on Monday, March 14. On Friday, October 20 the stock rating was maintained by Stifel Nicolaus with “Hold”. Seaport Global upgraded the stock to “Buy” rating in Thursday, March 15 report. As per Friday, September 29, the company rating was maintained by Cowen & Co. Cowen & Co maintained the stock with “Outperform” rating in Friday, October 14 report. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) earned “Hold” rating by Stifel Nicolaus on Thursday, January 5. The company was maintained on Monday, August 28 by Cowen & Co. As per Friday, October 21, the company rating was maintained by Cowen & Co.

Portolan Capital Management Llc, which manages about $535.17M and $912.92M US Long portfolio, decreased its stake in Qualys Inc. (NASDAQ:QLYS) by 101,088 shares to 97,258 shares, valued at $7.08 million in 2018Q1, according to the filing. It also reduced its holding in Emcore Corporation (NASDAQ:EMKR) by 227,666 shares in the quarter, leaving it with 445,698 shares, and cut its stake in Godaddy Inc..

More recent Covenant Transportation Group, Inc. (NASDAQ:CVTI) news were published by: Globenewswire.com which released: “Covenant Transportation Group Announces Expectations Concerning Second Quarter Financial Results” on June 05, 2018. Also Investorplace.com published the news titled: “5 Value Stocks With Enticing EV/EBITDA Ratios to Own Now” on June 12, 2018. Seekingalpha.com‘s news article titled: “US Xpress prices IPO at $16/share” with publication date: June 13, 2018 was also an interesting one.

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