Andra Ap-Fonden Has Decreased Open Text (OTEX) Holding; Digital Realty Trust (DLR) Has 2.06 Sentiment

January 13, 2018 - By Michael Collier

Digital Realty Trust, Inc., a real estate investment trust , through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. The company has market cap of $22.60 billion. It focuses on strategically located properties containing applications and activities critical to the day-to-day activities of technology industry tenants and corporate enterprise datacenter users, including the information technology departments of Fortune 1000 companies, and financial services companies. It has a 87.42 P/E ratio. The companyÂ’s property portfolio consists of Internet gateway properties, corporate datacenter properties, technology manufacturing properties, and regional or national offices of technology companies.

Andra Ap-Fonden decreased Open Text Corp (OTEX) stake by 17.01% reported in 2017Q3 SEC filing. Andra Ap-Fonden sold 18,100 shares as Open Text Corp (OTEX)’s stock declined 3.85%. The Andra Ap-Fonden holds 88,300 shares with $3.56 million value, down from 106,400 last quarter. Open Text Corp now has $8.98 billion valuation. The stock increased 0.06% or $0.02 during the last trading session, reaching $33.81. About 410,138 shares traded. Open Text Corporation (NASDAQ:OTEX) has risen 15.94% since January 13, 2017 and is uptrending. It has underperformed by 0.76% the S&P500.

Among 10 analysts covering OpenText Corporation (NASDAQ:OTEX), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 80% are positive. OpenText Corporation had 21 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, January 24 by Barclays Capital. The stock of Open Text Corporation (NASDAQ:OTEX) has “Overweight” rating given on Friday, August 4 by Barclays Capital. The firm has “Buy” rating given on Thursday, August 3 by BMO Capital Markets. The stock of Open Text Corporation (NASDAQ:OTEX) has “Sell” rating given on Wednesday, November 22 by Macquarie Research. The rating was maintained by RBC Capital Markets on Monday, October 30 with “Buy”. BMO Capital Markets upgraded the stock to “Outperform” rating in Tuesday, September 13 report. The rating was maintained by RBC Capital Markets on Wednesday, July 12 with “Buy”. Barclays Capital maintained it with “Overweight” rating and $55 target in Thursday, October 29 report. BMO Capital Markets maintained it with “Buy” rating and $40.0 target in Wednesday, November 1 report. Barclays Capital maintained Open Text Corporation (NASDAQ:OTEX) rating on Tuesday, July 28. Barclays Capital has “Overweight” rating and $50 target.

Analysts await Open Text Corporation (NASDAQ:OTEX) to report earnings on February, 1. They expect $0.12 EPS, down 33.33% or $0.06 from last year’s $0.18 per share. OTEX’s profit will be $31.86 million for 70.44 P/E if the $0.12 EPS becomes a reality. After $0.14 actual EPS reported by Open Text Corporation for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

Andra Ap-Fonden increased Steel Dynamics Inc (NASDAQ:STLD) stake by 15,900 shares to 106,700 valued at $3.68 million in 2017Q3. It also upped Mosaic Co New (NYSE:MOS) stake by 43,700 shares and now owns 123,000 shares. Las Vegas Sands Corp (NYSE:LVS) was raised too.

The stock decreased 2.00% or $2.16 during the last trading session, reaching $105.78. About 1.91 million shares traded or 54.85% up from the average. Digital Realty Trust, Inc. (DLR) has risen 23.90% since January 13, 2017 and is uptrending. It has outperformed by 7.20% the S&P500.

Daiwa Securities Group Inc. holds 5.25% of its portfolio in Digital Realty Trust, Inc. for 6.47 million shares. Lvm Capital Management Ltd Mi owns 184,923 shares or 5.23% of their US portfolio. Moreover, Apg Asset Management Us Inc. has 4.69% invested in the company for 4.74 million shares. The Massachusetts-based Aew Capital Management L P has invested 4.66% in the stock. Presima Inc., a Quebec – Canada-based fund reported 296,100 shares.

Analysts await Digital Realty Trust, Inc. (NYSE:DLR) to report earnings on February, 15. They expect $1.52 EPS, up 6.29% or $0.09 from last year’s $1.43 per share. DLR’s profit will be $324.81M for 17.40 P/E if the $1.52 EPS becomes a reality. After $1.51 actual EPS reported by Digital Realty Trust, Inc. for the previous quarter, Wall Street now forecasts 0.66% EPS growth.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $3.00 million activity.

Ratings analysis reveals 40% of Digital Realty Trust’s analysts are positive. Out of 5 Wall Street analysts rating Digital Realty Trust, 2 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $106.0 while the high is $110.0. The stock’s average target of $108 is 2.10% above today’s ($105.78) share price. DLR was included in 5 notes of analysts from November 8, 2016. The firm has “Buy” rating given on Thursday, December 8 by Citigroup. The rating was upgraded by Morgan Stanley to “Overweight” on Tuesday, November 8. The stock has “Hold” rating by Stifel Nicolaus on Friday, February 17. The stock of Digital Realty Trust, Inc. (NYSE:DLR) earned “Hold” rating by Deutsche Bank on Monday, January 9. The stock of Digital Realty Trust, Inc. (NYSE:DLR) earned “Neutral” rating by Guggenheim on Friday, December 2.

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