As Express Scripts Hldg Co (ESRX) Share Price Declined, Hendershot Investments Increased Stake by $334,650; Tensile Capital Management Maintains Stake in Ptc (PTC)

June 13, 2018 - By Clifton Ray

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Douglas Dossey increased its stake in Ptc Inc (PTC) by 7.61% based on its latest 2018Q1 regulatory filing with the SEC. Tensile Capital Management Llc bought 59,000 shares as the company’s stock rose 13.80% while stock markets declined. The hedge fund run by Douglas Dossey held 833,926 shares of the prepackaged software company at the end of 2018Q1, valued at $65.06M, up from 774,926 at the end of the previous reported quarter. Tensile Capital Management Llc who had been investing in Ptc Inc for a number of months, seems to be bullish on the $10.94 billion market cap company. The stock increased 1.11% or $1.04 during the last trading session, reaching $94.56. About 773,168 shares traded. PTC Inc. (NASDAQ:PTC) has risen 47.35% since June 13, 2017 and is uptrending. It has outperformed by 34.78% the S&P500. Some Historical PTC News: 18/04/2018 – PTC Sees FY EPS 31c-EPS 38c; 26/04/2018 – UNION PACIFIC PLANS TO FILE ALTERNATIVE SCHEDULE FOR PTC; 09/05/2018 – PTC Inc. Presenting at JPMorgan Conference May 15; 16/05/2018 – PTC INDIA 4Q REV. 40.1B RUPEES, EST. 42.80B; 18/04/2018 – PTC INC PTC.O – SEES FY18 TOTAL REVENUE $1,250 MLN – $1,260 MLN; 26/04/2018 – UNION PACIFIC: FULL PTC IMPLEMENTED ON PASSENGER LINES BY 2018; 30/05/2018 – KloudGin Joins the PTC Partner Network Bringing Al-based Connected Field Service, Asset and Inventory Management Cloud Product to Market; 18/04/2018 – PTC INC. 2Q ADJ EPS 34C, EST. 31C; 26/04/2018 – UNION PACIFIC NOW EXPECTS 75% PTC IMPLEMENTATON BY YR END 2018; 12/05/2018 – PTC INDIA FINANCIAL 4Q LOSS 1.1B RUPEES VS 1.1B PROFIT Y/Y

Hendershot Investments Inc increased its stake in Express Scripts Hldg Co (ESRX) by 5.92% based on its latest 2018Q1 regulatory filing with the SEC. Hendershot Investments Inc bought 4,850 shares as the company’s stock declined 0.72% with the market. The institutional investor held 86,745 shares of the medical and nursing services company at the end of 2018Q1, valued at $5.99 million, up from 81,895 at the end of the previous reported quarter. Hendershot Investments Inc who had been investing in Express Scripts Hldg Co for a number of months, seems to be bullish on the $46.01 billion market cap company. The stock increased 3.46% or $2.74 during the last trading session, reaching $81.91. About 5.46M shares traded or 36.02% up from the average. Express Scripts Holding Company (NASDAQ:ESRX) has risen 28.27% since June 13, 2017 and is uptrending. It has outperformed by 15.70% the S&P500. Some Historical ESRX News: 02/05/2018 – Express Scripts Earnings Rise on Taxes as Prescriptions Decline; 10/05/2018 – Innovative Value-based SafeGuardRx® Program Delivers Better Care at Lower Cost for Express Scripts’ Patients and Plan Sponsors; 16/05/2018 – ValueAct Dumps Microsoft, Express Scripts — Barron’s Blog; 08/03/2018 – Dealbook: Cigna Agrees to Buy Express Scripts in Major Health Care Deal; 07/03/2018 – Cigna Nears Deal to Buy Express Scripts; 17/04/2018 – MOODY’S: HEALTHCARE QUARTERLY LOOKS AT CREDIT IMPACT OF PLANNED MERGERS IN US HEALTHCARE; 08/03/2018 – Health insurer Cigna to buy Express Scripts for about $54 bln; 08/03/2018 – Cigna To Fund Cash Portion With Cash on Hand, Assumed Express Scripts Debt, New Debt; 14/03/2018 – EXPRESS SCRIPTS HOLDING CO – CANCELLATION DUE TO RECENT ANNOUNCEMENT THAT CIGNA AND EXPRESS SCRIPTS HAVE ENTERED INTO AN AGREEMENT AND PLAN OF MERGER; 08/03/2018 – Bloomberg Markets: Cigna Buying Express Scripts

Among 25 analysts covering Express Scripts (NASDAQ:ESRX), 8 have Buy rating, 3 Sell and 14 Hold. Therefore 32% are positive. Express Scripts had 69 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, April 26. The firm has “Underperform” rating by Bernstein given on Thursday, February 1. The firm has “Equal-Weight” rating given on Thursday, May 3 by Barclays Capital. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, August 10 report. Morgan Stanley downgraded Express Scripts Holding Company (NASDAQ:ESRX) rating on Monday, June 20. Morgan Stanley has “Underweight” rating and $70 target. Deutsche Bank downgraded it to “Sell” rating and $61 target in Monday, February 22 report. The stock of Express Scripts Holding Company (NASDAQ:ESRX) earned “Outperform” rating by RBC Capital Markets on Thursday, July 30. The firm has “Hold” rating by Maxim Group given on Thursday, March 8. The stock has “Buy” rating by SunTrust on Thursday, December 14. The firm has “Hold” rating given on Thursday, March 29 by William Blair.

More notable recent Express Scripts Holding Company (NASDAQ:ESRX) news were published by: Seekingalpha.com which released: “Headlines Don’t Determine Stock Prices – Cramer’s Mad Money (6/12/18)” on June 13, 2018, also Nasdaq.com with their article: “Detailed Research: Economic Perspectives on Southern, AcelRx Pharmaceuticals, International Flavors & Fragrances …” published on June 12, 2018, Streetinsider.com published: “After-Hours Stock Movers 06/12: (ENPH) (FOXA) (TWX) Higher; (VTVT) (HRB) (OXM) Lower (more…)” on June 12, 2018. More interesting news about Express Scripts Holding Company (NASDAQ:ESRX) were released by: Seekingalpha.com and their article: “Tracking Larry Robbins’ Glenview Capital Management Portfolio – Q1 2018 Update” published on May 25, 2018 as well as Streetinsider.com‘s news article titled: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” with publication date: May 15, 2018.

Investors sentiment increased to 0.7 in 2018 Q1. Its up 0.01, from 0.69 in 2017Q4. It increased, as 88 investors sold ESRX shares while 382 reduced holdings. 111 funds opened positions while 220 raised stakes. 462.03 million shares or 3.62% less from 479.40 million shares in 2017Q4 were reported. L S Advsr owns 4,000 shares for 0.05% of their portfolio. Regentatlantic Capital Ltd invested 0.31% in Express Scripts Holding Company (NASDAQ:ESRX). Cetera Advisor Netwr Limited Co reported 0.03% stake. Nuveen Asset Mgmt Lc accumulated 0.23% or 508,279 shares. Williams Jones And Assocs Lc holds 73,255 shares. Oppenheimer Asset Mgmt reported 601,947 shares. Bryn Mawr Co invested in 0.05% or 13,865 shares. Israel-based Psagot Invest House Limited has invested 0.11% in Express Scripts Holding Company (NASDAQ:ESRX). Principal Group holds 969,252 shares. Kentucky Retirement holds 0.17% or 29,452 shares. Martin And Inc Tn invested in 46,031 shares or 1.06% of the stock. Pentwater Capital Mngmt Limited Partnership holds 3.56% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX) for 7.31M shares. Addenda holds 81,674 shares or 0.42% of its portfolio. Advantus Cap Mngmt Incorporated owns 56,658 shares for 0.1% of their portfolio. Buckingham Asset Management Limited Liability Com owns 8,571 shares.

Hendershot Investments Inc, which manages about $236.98 million and $246.68M US Long portfolio, decreased its stake in Cisco Sys Inc (NASDAQ:CSCO) by 7,918 shares to 74,966 shares, valued at $3.22 million in 2018Q1, according to the filing.

Another recent and important PTC Inc. (NASDAQ:PTC) news was published by Themiddlemarket.com which published an article titled: “M&A daily wrap: Rockwell, PTC, L Catterton, Splunk, Heineken, Knauf” on June 11, 2018.

Express Scripts Holding Company (NASDAQ:ESRX) Institutional Positions Chart

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