S Squared Technology Has Cut Its Mitek Systems (MITK) Stake by $360,000 as Valuation Rose; Swiss National Bank Increased Its 2U (TWOU) Position by $768,200; Stock Price Rose

October 12, 2017 - By Linda Rogers

S Squared Technology Llc decreased its stake in Mitek Systems Inc. (MITK) by 10.74% based on its latest 2017Q2 regulatory filing with the SEC. S Squared Technology Llc sold 45,000 shares as the company’s stock rose 40.98% with the market. The hedge fund held 373,918 shares of the technology company at the end of 2017Q2, valued at $3.14M, down from 418,918 at the end of the previous reported quarter. S Squared Technology Llc who had been investing in Mitek Systems Inc. for a number of months, seems to be less bullish one the $324.44M market cap company. The stock rose 1.68% or $0.16 reaching $9.66. About 106,944 shares traded. Mitek Systems, Inc. (NASDAQ:MITK) has declined 2.93% since October 12, 2016 and is downtrending. It has underperformed by 19.63% the S&P500.

Swiss National Bank increased its stake in 2U Inc (TWOU) by 28.74% based on its latest 2017Q2 regulatory filing with the SEC. Swiss National Bank bought 16,700 shares as the company’s stock rose 16.87% with the market. The institutional investor held 74,800 shares of the technology company at the end of 2017Q2, valued at $3.51 million, up from 58,100 at the end of the previous reported quarter. Swiss National Bank who had been investing in 2U Inc for a number of months, seems to be bullish on the $3.10 billion market cap company. The stock rose 0.42% or $0.25 reaching $60.28 per share. About 34,456 shares traded. 2U Inc (NASDAQ:TWOU) has risen 55.92% since October 12, 2016 and is uptrending. It has outperformed by 39.22% the S&P500.

More notable recent Mitek Systems, Inc. (NASDAQ:MITK) news were published by: Seekingalpha.com which released: “20 – 60% Upside In Mitek Shares” on February 28, 2017, also Globenewswire.com with their article: “Mitek Reports Record Revenue in Third Quarter of Fiscal 2017” published on July 27, 2017, Seekingalpha.com published: “Mitek Systems’ (MITK) CEO James DeBello on Fiscal Q3 2017 Results – Earnings …” on July 28, 2017. More interesting news about Mitek Systems, Inc. (NASDAQ:MITK) were released by: Seekingalpha.com and their article: “Is The Empire About To Strike Back At Mitek Systems?” published on May 24, 2017 as well as Globenewswire.com‘s news article titled: “Mitek’s Mobile Verify® Now Has NFC Capabilities, an Additional Factor of …” with publication date: August 08, 2017.

S Squared Technology Llc, which manages about $136.14 million and $116.95 million US Long portfolio, upped its stake in Radisys Corp Com (NASDAQ:RSYS) by 106,500 shares to 413,402 shares, valued at $1.55 million in 2017Q2, according to the filing.

Among 4 analysts covering Mitek Systems (NASDAQ:MITK), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Mitek Systems had 10 analyst reports since January 8, 2016 according to SRatingsIntel. The stock has “Buy” rating by Northland Capital on Wednesday, August 30. The stock of Mitek Systems, Inc. (NASDAQ:MITK) earned “Buy” rating by Roth Capital on Friday, June 9. The company was initiated on Friday, January 8 by Benchmark. The firm has “Buy” rating given on Wednesday, July 19 by Roth Capital. Roth Capital maintained the shares of MITK in report on Friday, July 28 with “Buy” rating. The rating was maintained by Northland Capital on Wednesday, October 4 with “Buy”. The stock of Mitek Systems, Inc. (NASDAQ:MITK) earned “Outperform” rating by Northland Capital on Monday, January 25. Northland Capital maintained the stock with “Buy” rating in Tuesday, July 25 report. The stock of Mitek Systems, Inc. (NASDAQ:MITK) earned “Buy” rating by Benchmark on Wednesday, March 23.

Since May 2, 2017, it had 0 buys, and 1 insider sale for $22,914 activity.

Analysts await Mitek Systems, Inc. (NASDAQ:MITK) to report earnings on November, 2. They expect $0.05 earnings per share, 0.00% or $0.00 from last year’s $0.05 per share. MITK’s profit will be $1.68M for 48.30 P/E if the $0.05 EPS becomes a reality. After $0.04 actual earnings per share reported by Mitek Systems, Inc. for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Investors sentiment increased to 1.97 in Q2 2017. Its up 0.87, from 1.1 in 2017Q1. It increased, as 11 investors sold MITK shares while 19 reduced holdings. 25 funds opened positions while 34 raised stakes. 13.61 million shares or 8.72% more from 12.52 million shares in 2017Q1 were reported. California State Teachers Retirement Sys holds 54,639 shares. Cadence Ltd Liability has 0.09% invested in Mitek Systems, Inc. (NASDAQ:MITK). Morgan Stanley stated it has 133,622 shares or 0% of all its holdings. 10,865 were reported by Guggenheim Capital Lc. Stonebridge Cap Advsrs Ltd Com has invested 0.03% in Mitek Systems, Inc. (NASDAQ:MITK). Pnc Serv Incorporated owns 38,062 shares or 0% of their US portfolio. State Common Retirement Fund owns 22,500 shares or 0% of their US portfolio. Teton Advsr holds 67,500 shares. Meeder Asset Management invested in 0% or 647 shares. Pennsylvania-based Sei Invests has invested 0% in Mitek Systems, Inc. (NASDAQ:MITK). Renaissance Technology Limited Liability Company has 77,476 shares for 0% of their portfolio. Thompson Davis Incorporated accumulated 18,200 shares or 0.25% of the stock. New York-based Millennium Mgmt Ltd Limited Liability Company has invested 0% in Mitek Systems, Inc. (NASDAQ:MITK). Goldman Sachs Gp owns 360,035 shares. Vanguard Grp invested in 1.37 million shares or 0% of the stock.

More important recent 2U Inc (NASDAQ:TWOU) news were published by: Seekingalpha.com which released: “2U: Overhyped Ed-Tech Company Will Disappoint Investors” on September 18, 2017, also Fool.com published article titled: “Why 2U, Inc. Stock Jumpd 11.9% in September”, Fool.com published: “What Sets 2U Apart From Competitors” on September 22, 2017. More interesting news about 2U Inc (NASDAQ:TWOU) was released by: Prnewswire.com and their article: “Rani Hammond to join 2U as Chief People Officer” with publication date: September 13, 2017.

Swiss National Bank, which manages about $84.31B US Long portfolio, decreased its stake in Ctrip Com Intl Ltd American Dep (NASDAQ:CTRP) by 13,000 shares to 876,662 shares, valued at $47.22M in 2017Q2, according to the filing. It also reduced its holding in Canadian Natl Ry Co (NYSE:CNI) by 168,600 shares in the quarter, leaving it with 2.94M shares, and cut its stake in Elbit Sys Ltd (NASDAQ:ESLT).

Among 10 analysts covering 2U (NASDAQ:TWOU), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. 2U had 26 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Compass Point on Friday, August 5. The firm has “Buy” rating by Oppenheimer given on Tuesday, August 8. The stock of 2U Inc (NASDAQ:TWOU) earned “Outperform” rating by Oppenheimer on Tuesday, October 27. Needham initiated it with “Buy” rating and $40 target in Friday, July 15 report. The stock of 2U Inc (NASDAQ:TWOU) has “Buy” rating given on Tuesday, August 8 by BMO Capital Markets. The company was maintained on Tuesday, June 13 by Oppenheimer. Goldman Sachs upgraded the stock to “Buy” rating in Friday, October 16 report. BMO Capital Markets maintained the stock with “Buy” rating in Monday, July 17 report. The rating was maintained by Credit Suisse with “Outperform” on Friday, September 8. The company was maintained on Friday, September 15 by BMO Capital Markets.

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