Netapp (NTAP) Holder Shelton Capital Management Decreased Its Stake as Shares Declined; Heitman Real Estate Securities Has Lowered Holding in Acadia Realty Trust (AKR) by $22.22 Million as Market Value Declined

January 13, 2018 - By Winifred Garcia

Shelton Capital Management decreased its stake in Netapp Inc (NTAP) by 30.55% based on its latest 2017Q3 regulatory filing with the SEC. Shelton Capital Management sold 40,500 shares as the company’s stock declined 1.59% while stock markets rallied. The institutional investor held 92,086 shares of the technology company at the end of 2017Q3, valued at $4.03 million, down from 132,586 at the end of the previous reported quarter. Shelton Capital Management who had been investing in Netapp Inc for a number of months, seems to be less bullish one the $16.75B market cap company. The stock increased 1.55% or $0.96 during the last trading session, reaching $62.77. About 2.51 million shares traded. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since January 13, 2017 and is uptrending. It has outperformed by 52.23% the S&P500.

Heitman Real Estate Securities Llc decreased its stake in Acadia Realty Trust (AKR) by 56.75% based on its latest 2017Q3 regulatory filing with the SEC. Heitman Real Estate Securities Llc sold 793,745 shares as the company’s stock declined 12.31% while stock markets rallied. The institutional investor held 604,921 shares of the real estate investment trusts company at the end of 2017Q3, valued at $17.31 million, down from 1.40 million at the end of the previous reported quarter. Heitman Real Estate Securities Llc who had been investing in Acadia Realty Trust for a number of months, seems to be less bullish one the $2.21 billion market cap company. The stock decreased 1.21% or $0.31 during the last trading session, reaching $25.39. About 416,230 shares traded. Acadia Realty Trust (NYSE:AKR) has declined 15.62% since January 13, 2017 and is downtrending. It has underperformed by 32.32% the S&P500.

Analysts await NetApp, Inc. (NASDAQ:NTAP) to report earnings on February, 21. They expect $0.74 earnings per share, up 2.78% or $0.02 from last year’s $0.72 per share. NTAP’s profit will be $197.43 million for 21.21 P/E if the $0.74 EPS becomes a reality. After $0.70 actual earnings per share reported by NetApp, Inc. for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

Shelton Capital Management, which manages about $1.01B and $1.29B US Long portfolio, upped its stake in Procter And Gamble Co (NYSE:PG) by 10,700 shares to 109,522 shares, valued at $9.96 million in 2017Q3, according to the filing. It also increased its holding in Lowes Cos Inc (NYSE:LOW) by 26,600 shares in the quarter, for a total of 68,732 shares, and has risen its stake in Invesco Ltd (NYSE:IVZ).

Since July 31, 2017, it had 0 insider purchases, and 9 sales for $3.95 million activity. $362,686 worth of NetApp, Inc. (NASDAQ:NTAP) shares were sold by REICH JOEL D. $83,009 worth of NetApp, Inc. (NASDAQ:NTAP) was sold by RICHARD HENRI P. NEVENS THOMAS MICHAEL had sold 20,000 shares worth $1.11 million. WALLACE RICHARD P sold $1.48 million worth of NetApp, Inc. (NASDAQ:NTAP) on Friday, September 29.

Among 44 analysts covering Netapp Inc. (NASDAQ:NTAP), 14 have Buy rating, 8 Sell and 22 Hold. Therefore 32% are positive. Netapp Inc. had 139 analyst reports since August 17, 2015 according to SRatingsIntel. On Tuesday, November 14 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Sector Perform” rating given on Thursday, February 11 by RBC Capital Markets. The firm earned “Neutral” rating on Thursday, August 18 by Citigroup. Robert W. Baird maintained NetApp, Inc. (NASDAQ:NTAP) on Tuesday, September 19 with “Hold” rating. The rating was downgraded by UBS on Monday, October 26 to “Sell”. As per Wednesday, August 9, the company rating was maintained by Credit Suisse. The rating was maintained by Morgan Stanley on Thursday, August 18 with “Underweight”. The rating was maintained by KeyBanc Capital Markets on Monday, September 18 with “Hold”. The firm has “Sell” rating given on Monday, September 26 by Deutsche Bank. The firm has “Neutral” rating by Susquehanna given on Tuesday, September 8.

Investors sentiment is 1.18 in Q3 2017. Its the same as in 2017Q2. It is the same, as 38 investors sold NTAP shares while 129 reduced holdings. only 58 funds opened positions while 139 raised stakes. 244.98 million shares or 0.92% more from 242.73 million shares in 2017Q2 were reported. Fjarde Ap owns 68,724 shares or 0.06% of their US portfolio. Ameritas Ptnrs Inc reported 6,233 shares. Calamos Limited Liability Com stated it has 0% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Ledyard Bankshares reported 585 shares. Great West Life Assurance Communication Can holds 0.02% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 205,623 shares. Us Bancorp De owns 0.01% invested in NetApp, Inc. (NASDAQ:NTAP) for 57,632 shares. Point72 Asset Management LP has 100,600 shares for 0.02% of their portfolio. Advisory Ser Network Ltd Llc reported 0% in NetApp, Inc. (NASDAQ:NTAP). Pennsylvania-based Federated Invsts Pa has invested 0.06% in NetApp, Inc. (NASDAQ:NTAP). Texas Permanent School Fund holds 74,758 shares or 0.04% of its portfolio. Meiji Yasuda Asset Mngmt Company Limited accumulated 13,168 shares or 0.06% of the stock. Adage Ptnrs Group Incorporated holds 0.04% or 387,200 shares in its portfolio. Guardian stated it has 415,200 shares. Westpac reported 15,323 shares. Amica Pension Fund Board Of Trustees has 0.11% invested in NetApp, Inc. (NASDAQ:NTAP) for 21,724 shares.

Analysts await Acadia Realty Trust (NYSE:AKR) to report earnings on February, 13. They expect $0.33 earnings per share, down 15.38% or $0.06 from last year’s $0.39 per share. AKR’s profit will be $28.72M for 19.23 P/E if the $0.33 EPS becomes a reality. After $0.37 actual earnings per share reported by Acadia Realty Trust for the previous quarter, Wall Street now forecasts -10.81% negative EPS growth.

Heitman Real Estate Securities Llc, which manages about $2.16B and $1.73B US Long portfolio, upped its stake in Brandywine Realty Trust (NYSE:BDN) by 249,454 shares to 1.17M shares, valued at $20.55M in 2017Q3, according to the filing. It also increased its holding in Invitation Homes Inc by 283,300 shares in the quarter, for a total of 747,563 shares, and has risen its stake in Lasalle Hotel Properties (NYSE:LHO).

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