Key Group Holdings Cayman LTD Raised Its Stake in Parsley Energy (PE) by $12.99 Million; Q2 Hldgs Com (QTWO) Share Price Rose While Gilder Gagnon Howe & Co Cut by $12.51 Million Its Stake

February 17, 2018 - By Marguerite Chambers

Gilder Gagnon Howe & Co Llc decreased its stake in Q2 Hldgs Inc Com (QTWO) by 21.63% based on its latest 2017Q3 regulatory filing with the SEC. Gilder Gagnon Howe & Co Llc sold 305,026 shares as the company’s stock rose 8.75% with the market. The institutional investor held 1.11 million shares of the technology company at the end of 2017Q3, valued at $46.03M, down from 1.41 million at the end of the previous reported quarter. Gilder Gagnon Howe & Co Llc who had been investing in Q2 Hldgs Inc Com for a number of months, seems to be less bullish one the $1.90B market cap company. The stock increased 1.90% or $0.85 during the last trading session, reaching $45.7. About 289,480 shares traded or 21.51% up from the average. Q2 Holdings, Inc. (NYSE:QTWO) has risen 76.19% since February 17, 2017 and is uptrending. It has outperformed by 59.49% the S&P500.

Key Group Holdings Cayman Ltd increased its stake in Parsley Energy Inc (PE) by 21.28% based on its latest 2017Q3 regulatory filing with the SEC. Key Group Holdings Cayman Ltd bought 499,612 shares as the company’s stock declined 0.66% while stock markets rallied. The hedge fund held 2.85 million shares of the energy company at the end of 2017Q3, valued at $75.00M, up from 2.35M at the end of the previous reported quarter. Key Group Holdings Cayman Ltd who had been investing in Parsley Energy Inc for a number of months, seems to be bullish on the $7.38B market cap company. The stock increased 0.17% or $0.04 during the last trading session, reaching $23.46. About 4.64M shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since February 17, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Key Group Holdings Cayman Ltd, which manages about $1.99B and $919.48M US Long portfolio, decreased its stake in Pioneer Nat Res Co (NYSE:PXD) by 395,300 shares to 24,700 shares, valued at $3.64M in 2017Q3, according to the filing. It also reduced its holding in Proshares Tr Ii (AGQ) by 59,240 shares in the quarter, leaving it with 442,422 shares, and cut its stake in Consol Energy Inc (NYSE:CNX).

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Parsley Energy Inc had 125 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of PE in report on Wednesday, August 2 with “Buy” rating. Seaport Global upgraded it to “Buy” rating and $3200 target in Friday, August 11 report. The company was maintained on Friday, August 26 by UBS. The company was maintained on Monday, December 11 by Northland Capital. Macquarie Research maintained the shares of PE in report on Monday, September 21 with “Outperform” rating. On Wednesday, August 12 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Buy” rating by Nomura given on Thursday, December 3. The rating was maintained by RBC Capital Markets on Monday, November 13 with “Outperform”. JP Morgan initiated Parsley Energy, Inc. (NYSE:PE) on Wednesday, December 9 with “Overweight” rating. The firm has “Buy” rating by BMO Capital Markets given on Monday, June 26.

Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.27, from 1.4 in 2017Q2. It is negative, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Qs Limited Liability Corporation holds 0% of its portfolio in Parsley Energy, Inc. (NYSE:PE) for 22,219 shares. 2,719 are held by Gru One Trading Ltd Partnership. Spirit Of America Mngmt, a New York-based fund reported 328,650 shares. Viking Global Invsts Limited Partnership accumulated 7.90 million shares. Doheny Asset Mngmt Ca invested in 0.14% or 11,300 shares. Alyeska Group Inc Ltd Partnership stated it has 61,540 shares. Nicholas Invest Ptnrs Lp holds 125,556 shares. J Goldman Company Limited Partnership reported 218,200 shares. Price T Rowe Associate Md reported 5.19M shares. Investec Asset Management Limited holds 0.06% of its portfolio in Parsley Energy, Inc. (NYSE:PE) for 534,216 shares. Pinnacle Limited holds 0.02% or 37,375 shares. Dimensional Fund Advisors Limited Partnership invested in 878,270 shares. Vanguard Grp Incorporated Inc invested in 0.02% or 19.41 million shares. Moreover, Sei Invests Com has 0.01% invested in Parsley Energy, Inc. (NYSE:PE) for 130,852 shares. 37,447 were reported by Aperio Gru Lc.

Analysts await Q2 Holdings, Inc. (NYSE:QTWO) to report earnings on February, 21. They expect $-0.11 EPS, up 8.33% or $0.01 from last year’s $-0.12 per share. After $-0.10 actual EPS reported by Q2 Holdings, Inc. for the previous quarter, Wall Street now forecasts 10.00% negative EPS growth.

Investors sentiment decreased to 1.45 in Q3 2017. Its down 0.16, from 1.61 in 2017Q2. It worsened, as 8 investors sold QTWO shares while 41 reduced holdings. 26 funds opened positions while 45 raised stakes. 33.93 million shares or 0.34% less from 34.05 million shares in 2017Q2 were reported. Envestnet Asset Management Inc invested in 1,098 shares or 0% of the stock. Jpmorgan Chase holds 0.03% of its portfolio in Q2 Holdings, Inc. (NYSE:QTWO) for 2.86 million shares. Kistler holds 0% in Q2 Holdings, Inc. (NYSE:QTWO) or 80 shares. First Mercantile Tru holds 10,949 shares or 0.08% of its portfolio. 16,500 were accumulated by Riverhead Mngmt Llc. Bnp Paribas Arbitrage Sa reported 0% stake. Needham Investment Management Ltd has invested 0.34% of its portfolio in Q2 Holdings, Inc. (NYSE:QTWO). Deutsche Financial Bank Ag reported 43,683 shares. Hamilton Lane Advisors Lc accumulated 7,805 shares or 0.22% of the stock. Driehaus Cap Management Ltd Llc reported 233,471 shares. Emerald Mutual Fund Advisers invested in 0.53% or 305,361 shares. Pennsylvania-based Federated Inc Pa has invested 0.09% in Q2 Holdings, Inc. (NYSE:QTWO). Los Angeles Mgmt & Equity Inc has 0% invested in Q2 Holdings, Inc. (NYSE:QTWO). Schwab Charles Inv Mgmt reported 144,668 shares. Geode Mgmt Ltd invested in 0% or 260,319 shares.

Since August 14, 2017, it had 0 insider purchases, and 18 insider sales for $11.09 million activity. Furrer William M sold $301,520 worth of stock. Seale R. H. also sold $3,068 worth of Q2 Holdings, Inc. (NYSE:QTWO) shares. $1,052 worth of Q2 Holdings, Inc. (NYSE:QTWO) was sold by DOYLE CHARLES T. $788,200 worth of stock was sold by Schaper Carl James on Monday, September 25. On Monday, August 14 Benton Barry G sold $57,285 worth of Q2 Holdings, Inc. (NYSE:QTWO) or 1,500 shares. $1.19M worth of Q2 Holdings, Inc. (NYSE:QTWO) shares were sold by Flake Matthew P.

Gilder Gagnon Howe & Co Llc, which manages about $6.26B and $7.11B US Long portfolio, upped its stake in Autodesk Inc Com (NASDAQ:ADSK) by 7,265 shares to 815,218 shares, valued at $91.52 million in 2017Q3, according to the filing. It also increased its holding in Citigroup Inc Com New (NYSE:C) by 27,895 shares in the quarter, for a total of 93,776 shares, and has risen its stake in Chegg Inc Com Usd0.001 (NYSE:CHGG).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.