As Open Text (OTEX) Share Value Declined, Turtle Creek Asset Management Boosted Its Stake by $5.23 Million; As Charles Schwab (SCHW) Share Price Declined, Shareholder Azimuth Capital Management Raised Position

October 12, 2017 - By Adrian Erickson

Turtle Creek Asset Management Inc increased its stake in Open Text Corp (OTEX) by 7.99% based on its latest 2017Q2 regulatory filing with the SEC. Turtle Creek Asset Management Inc bought 168,750 shares as the company’s stock declined 3.85% while stock markets rallied. The institutional investor held 2.28M shares of the edp services company at the end of 2017Q2, valued at $71.90 million, up from 2.11 million at the end of the previous reported quarter. Turtle Creek Asset Management Inc who had been investing in Open Text Corp for a number of months, seems to be bullish on the $8.89 billion market cap company. The stock declined 0.36% or $0.12 reaching $33.53 on the news. About 140,198 shares traded. Open Text Corp (USA) (NASDAQ:OTEX) has risen 15.94% since October 12, 2016 and is uptrending. It has underperformed by 0.76% the S&P500.

Azimuth Capital Management Llc increased its stake in Charles Schwab Corp (SCHW) by 7.95% based on its latest 2017Q2 regulatory filing with the SEC. Azimuth Capital Management Llc bought 20,015 shares as the company’s stock declined 7.92% while stock markets rallied. The institutional investor held 271,790 shares of the investment bankers and brokers and service company at the end of 2017Q2, valued at $11.68 million, up from 251,775 at the end of the previous reported quarter. Azimuth Capital Management Llc who had been investing in Charles Schwab Corp for a number of months, seems to be bullish on the $61.31B market cap company. The stock declined 0.09% or $0.04 reaching $45.27 on the news. About 931,319 shares traded. Charles Schwab Corp (NYSE:SCHW) has risen 32.11% since October 12, 2016 and is uptrending. It has outperformed by 15.41% the S&P500.

Another recent and important Open Text Corp (USA) (NASDAQ:OTEX) news was published by Fool.ca which published an article titled: “Why Open Text Corp. Is up Over 3%” on August 04, 2017.

Among 8 analysts covering OpenText Corporation (NASDAQ:OTEX), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. OpenText Corporation had 17 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 29 by Barclays Capital. The firm has “Overweight” rating by Barclays Capital given on Friday, August 4. Citigroup initiated Open Text Corp (USA) (NASDAQ:OTEX) on Thursday, February 16 with “Neutral” rating. BMO Capital Markets upgraded the stock to “Outperform” rating in Tuesday, September 13 report. The stock has “Outperform” rating by RBC Capital Markets on Thursday, July 30. BMO Capital Markets maintained the shares of OTEX in report on Thursday, August 3 with “Buy” rating. The rating was initiated by TD Securities on Monday, April 4 with “Buy”. On Tuesday, September 26 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Open Text Corp (USA) (NASDAQ:OTEX) has “Buy” rating given on Wednesday, July 12 by RBC Capital Markets. On Tuesday, July 28 the stock rating was maintained by Barclays Capital with “Overweight”.

Turtle Creek Asset Management Inc, which manages about $878.20M US Long portfolio, decreased its stake in Ss&C Technologies Holdings Inc (NASDAQ:SSNC) by 46,800 shares to 1.92M shares, valued at $73.71 million in 2017Q2, according to the filing. It also reduced its holding in Heico Corp New (NYSE:HEI.A) by 110,947 shares in the quarter, leaving it with 9,500 shares, and cut its stake in Clean Harbors Inc (NYSE:CLH).

Among 20 analysts covering Charles Schwab (NYSE:SCHW), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Charles Schwab had 69 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, December 8 by Keefe Bruyette & Woods. The rating was maintained by Barclays Capital with “Overweight” on Thursday, October 13. The firm has “Buy” rating given on Friday, September 15 by Keefe Bruyette & Woods. CLSA maintained the shares of SCHW in report on Thursday, September 22 with “Outperform” rating. The firm earned “Hold” rating on Tuesday, July 11 by Deutsche Bank. The stock has “Buy” rating by Jefferies on Monday, August 14. Keefe Bruyette & Woods maintained Charles Schwab Corp (NYSE:SCHW) rating on Monday, August 14. Keefe Bruyette & Woods has “Buy” rating and $47.0 target. Nomura downgraded the stock to “Hold” rating in Monday, July 24 report. As per Thursday, October 5, the company rating was maintained by Jefferies. On Friday, September 8 the stock rating was initiated by Barclays Capital with “Overweight”.

More notable recent Charles Schwab Corp (NYSE:SCHW) news were published by: Realmoney.Thestreet.com which released: “Charles Schwab Is Ready to Break Out Higher” on October 02, 2017, also Streetinsider.com with their article: “Charles Schwab Corp. (SCHW) PT Raised to $52 at UBS on 3Q Earnings Preview of …” published on October 11, 2017, Gurufocus.com published: “Grassi Investment Management Buys DowDuPont Inc, Goldman Sachs Group Inc …” on October 10, 2017. More interesting news about Charles Schwab Corp (NYSE:SCHW) were released by: Businesswire.com and their article: “Schwab Announces Its Fall Business Update” published on October 06, 2017 as well as Seekingalpha.com‘s news article titled: “Six Reasons To Buy Charles Schwab” with publication date: September 27, 2017.

Azimuth Capital Management Llc, which manages about $1.27 billion US Long portfolio, decreased its stake in Mcdonald’s Corp (NYSE:MCD) by 2,535 shares to 68,256 shares, valued at $10.45M in 2017Q2, according to the filing. It also reduced its holding in Wpp Plc (NASDAQ:WPPGY) by 18,075 shares in the quarter, leaving it with 17,920 shares, and cut its stake in Kar Auction Services Ind (NYSE:KAR).

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