Patterson Companies, Inc. (PDCO) Reaches $38.38 After 4.00% Up Move; Cleararc Capital Boosted Its Gilead Sciences (GILD) Stake

January 16, 2018 - By Michael Collier

The stock of Patterson Companies, Inc. (NASDAQ:PDCO) is a huge mover today! The stock increased 2.33% or $0.88 during the last trading session, reaching $38.38. About 827,528 shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 4.97% since January 16, 2017 and is downtrending. It has underperformed by 21.67% the S&P500.The move comes after 5 months positive chart setup for the $3.56 billion company. It was reported on Jan, 16 by Barchart.com. We have $39.92 PT which if reached, will make NASDAQ:PDCO worth $142.24 million more.

Cleararc Capital Inc increased Gilead Sciences Inc (GILD) stake by 102.69% reported in 2017Q3 SEC filing. Cleararc Capital Inc acquired 32,908 shares as Gilead Sciences Inc (GILD)’s stock declined 8.05%. The Cleararc Capital Inc holds 64,953 shares with $5.26 million value, up from 32,045 last quarter. Gilead Sciences Inc now has $104.36B valuation. The stock increased 1.10% or $0.87 during the last trading session, reaching $79.89. About 7.07M shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since January 16, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.10, from 0.93 in 2017Q2. It improved, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. Wealthtrust Axiom Lc invested in 19,702 shares. Lumina Fund owns 7,000 shares for 0.06% of their portfolio. Pictet Asset Mngmt holds 3.46M shares or 0.79% of its portfolio. Caprock Grp has 5,038 shares. Trexquant Inv Lp holds 0.25% or 12,010 shares in its portfolio. Fagan Assocs reported 1.38% stake. Selz Limited Liability Corporation invested 1.14% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Zwj Counsel Inc owns 262,995 shares. Fort Washington Incorporated Oh has 175,139 shares. 30,913 are held by Fiera Cap. First Mercantile reported 33,393 shares or 0.49% of all its holdings. Cincinnati Specialty Underwriters Insurance invested 2.98% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Hollow Brook Wealth Limited Liability Corp stated it has 4.98% in Gilead Sciences, Inc. (NASDAQ:GILD). Tradewinds Mngmt Lc invested in 0.03% or 755 shares. Gotham Asset Mgmt Ltd Limited Liability Company has 0.83% invested in Gilead Sciences, Inc. (NASDAQ:GILD).

Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 18 have Buy rating, 0 Sell and 12 Hold. Therefore 60% are positive. Gilead Sciences had 111 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 5 by Leerink Swann. Morgan Stanley downgraded Gilead Sciences, Inc. (NASDAQ:GILD) rating on Friday, October 2. Morgan Stanley has “Equal-Weight” rating and $127 target. The rating was maintained by Leerink Swann on Thursday, October 19 with “Market Perform”. The rating was maintained by Mizuho on Tuesday, July 25 with “Buy”. The firm has “Neutral” rating by Citigroup given on Wednesday, February 8. Credit Suisse downgraded it to “Hold” rating and $85.0 target in Tuesday, September 5 report. The firm has “Buy” rating given on Monday, August 28 by Credit Suisse. The stock of Gilead Sciences, Inc. (NASDAQ:GILD) earned “Neutral” rating by Credit Suisse on Wednesday, December 20. Citigroup initiated Gilead Sciences, Inc. (NASDAQ:GILD) on Thursday, February 25 with “Buy” rating. Oppenheimer maintained the shares of GILD in report on Tuesday, October 20 with “Outperform” rating.

Cleararc Capital Inc decreased Lockheed Martin Corp (NYSE:LMT) stake by 1,984 shares to 8,217 valued at $2.55M in 2017Q3. It also reduced Cisco Sys Inc Com (NASDAQ:CSCO) stake by 11,203 shares and now owns 156,928 shares. Jpmorgan Chase & Co (NYSE:JPM) was reduced too.

Since August 1, 2017, it had 0 insider buys, and 11 insider sales for $41.13 million activity. Another trade for 15,000 shares valued at $1.11M was made by Alton Gregg H on Tuesday, January 2. $3.68 million worth of Gilead Sciences, Inc. (NASDAQ:GILD) shares were sold by MARTIN JOHN C. Meyers James R had sold 60,000 shares worth $4.99 million. Washington Robin L sold $4.40 million worth of stock.

Analysts await Patterson Companies, Inc. (NASDAQ:PDCO) to report earnings on February, 22. They expect $0.52 earnings per share, down 10.34% or $0.06 from last year’s $0.58 per share. PDCO’s profit will be $48.18M for 18.45 P/E if the $0.52 EPS becomes a reality. After $0.51 actual earnings per share reported by Patterson Companies, Inc. for the previous quarter, Wall Street now forecasts 1.96% EPS growth.

Among 14 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Patterson Companies Inc. had 33 analyst reports since August 28, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, October 6 by UBS. The rating was upgraded by Evercore on Wednesday, January 6 to “Buy”. Deutsche Bank initiated Patterson Companies, Inc. (NASDAQ:PDCO) rating on Friday, December 8. Deutsche Bank has “Hold” rating and $37.0 target. The firm earned “Neutral” rating on Friday, August 26 by Robert W. Baird. As per Tuesday, July 11, the company rating was downgraded by UBS. The rating was downgraded by Morgan Stanley on Wednesday, December 6 to “Underweight”. The rating was maintained by Robert W. Baird on Monday, September 25 with “Buy”. As per Tuesday, November 21, the company rating was maintained by Piper Jaffray. Jefferies maintained it with “Hold” rating and $40.0 target in Wednesday, September 13 report. The rating was reinitiated by Bank of America with “Underperform” on Wednesday, August 24.

Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. The company has market cap of $3.56 billion. It operates through Dental and Animal Health divisions. It has a 22.97 P/E ratio. The companyÂ’s Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.46, from 0.79 in 2017Q2. It is positive, as 39 investors sold Patterson Companies, Inc. shares while 102 reduced holdings. 46 funds opened positions while 130 raised stakes. 88.39 million shares or 5.32% more from 83.93 million shares in 2017Q2 were reported. Godshalk Welsh Inc has 21,625 shares. 21,102 were reported by Comerica State Bank. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 6,699 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt has 0.03% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 69,900 shares. State Of Alaska Department Of Revenue holds 28,408 shares. Riverhead Cap Mngmt Ltd Company holds 0.04% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 21,601 shares. Glg Ltd Limited Liability Company has 0.01% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 3,633 shares. Aviva Public Limited Co accumulated 51,387 shares or 0.01% of the stock. Prospector Ptnrs Limited reported 234,200 shares stake. Los Angeles Equity owns 168,001 shares for 0.04% of their portfolio. Westwood Group has 114,800 shares for 0.04% of their portfolio. Ls holds 10,447 shares. Transamerica Fincl Advsr Incorporated invested 0.6% in Patterson Companies, Inc. (NASDAQ:PDCO). Moreover, Hightower Advsrs Ltd Liability has 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO). Zebra Cap Management Ltd Com reported 35,622 shares.

Since October 11, 2017, it had 0 insider purchases, and 2 selling transactions for $54,833 activity. GUGINO ANN B sold $27,285 worth of Patterson Companies, Inc. (NASDAQ:PDCO) on Thursday, January 11.

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