Globeflex Capital LP Has Decreased Mellanox Technologies Ord (MLNX) Holding by $6.94 Million

September 17, 2017 - By Henry Gaston

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.34, from 1.21 in 2016Q3. It dived, as 34 investors sold MLNX shares while 51 reduced holdings. 25 funds opened positions while 49 raised stakes. 26.21 million shares or 4.39% less from 27.41 million shares in 2016Q3 were reported. Creative Planning has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Geduld E E has 30,000 shares for 0.69% of their portfolio. Gardner Lewis Asset Mgmt Lp reported 57,233 shares or 0.18% of all its holdings. Foundry Prtnrs Llc has 44,884 shares. Victory Capital Mngmt reported 478 shares. Barclays Pcl, United Kingdom-based fund reported 26,431 shares. Prtn Ltd Liability holds 0.11% in Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 42,504 shares. Sei Invests Co invested in 3,328 shares. Moreover, State Street has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 48,953 shares. Coatue Ltd Llc accumulated 0.34% or 704,638 shares. Clal Ins Enterp Holdg holds 0.75% or 979,318 shares in its portfolio. Los Angeles Capital Mngmt Equity Rech has invested 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Comml Bank Of America Corp De reported 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). State Of New Jersey Common Pension Fund D holds 0.02% or 105,000 shares. Alyeska Gp Ltd Partnership invested in 918,817 shares or 0.34% of the stock.

Since March 31, 2017, it had 0 buys, and 3 selling transactions for $900,955 activity. Kagan Michael also sold $237,500 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Monday, May 8. Shares for $151,555 were sold by Shulman Yakov (Jacob) on Monday, May 1. 10,000 shares were sold by Waldman Eyal, worth $511,900 on Friday, March 31.

Globeflex Capital LP decreased its stake in Mellanox Technologies Ord (MLNX) by 81.53% based on its latest 2016Q4 regulatory filing with the SEC. Globeflex Capital LP sold 173,455 shares as the company’s stock declined 3.98% while stock markets rallied. The institutional investor held 39,300 shares of the technology company at the end of 2016Q4, valued at $1.61M, down from 212,755 at the end of the previous reported quarter. Globeflex Capital LP who had been investing in Mellanox Technologies Ord for a number of months, seems to be less bullish one the $2.36 billion market cap company. The stock decreased 0.21% or $0.1 on September 15, reaching $46.85. About 280,598 shares traded or 13.45% up from the average. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 12.09% since September 17, 2016 and is uptrending. It has underperformed by 4.61% the S&P500.

Analysts await Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report earnings on October, 26. They expect $0.30 EPS, down 47.37 % or $0.27 from last year’s $0.57 per share. MLNX’s profit will be $15.11M for 39.04 P/E if the $0.30 EPS becomes a reality. After $0.10 actual EPS reported by Mellanox Technologies, Ltd. for the previous quarter, Wall Street now forecasts 200.00 % EPS growth.

More notable recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Seekingalpha.com which released: “Turbulence Creates Another Opportunity At Mellanox” on May 20, 2017, also Seekingalpha.com with their article: “Mellanox Technologies (MLNX) Q2 2017 Results – Earnings Call Transcript” published on July 27, 2017, Seekingalpha.com published: “Mellanox Technologies (MLNX) Q1 2017 Results – Earnings Call Transcript” on April 27, 2017. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) were released by: Businesswire.com and their article: “Mellanox Technologies, Ltd. to Present at Upcoming Investor Conference” published on August 14, 2017 as well as Seekingalpha.com‘s news article titled: “Mellanox Technologies (MLNX) Q4 2016 Results – Earnings Call Transcript” with publication date: February 02, 2017.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Ratings Coverage

Among 13 analysts covering Mellanox Tech (NASDAQ:MLNX), 10 have Buy rating, 1 Sell and 2 Hold. Therefore 77% are positive. Mellanox Tech has $80 highest and $38.0 lowest target. $57.23’s average target is 22.16% above currents $46.85 stock price. Mellanox Tech had 28 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Thursday, February 25. Topeka Capital Markets maintained the stock with “Hold” rating in Thursday, January 28 report. The firm has “Buy” rating given on Monday, May 9 by Brean Capital. The firm has “Outperform” rating given on Monday, January 11 by Credit Suisse. Topeka Capital Markets upgraded Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Wednesday, February 24. Topeka Capital Markets has “Buy” rating and $60 target. Benchmark initiated the shares of MLNX in report on Tuesday, August 29 with “Buy” rating. The firm earned “Buy” rating on Thursday, January 28 by Stifel Nicolaus. Jefferies maintained the stock with “Sell” rating in Friday, June 2 report. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Overweight” rating given on Thursday, February 25 by JP Morgan. DA Davidson initiated the shares of MLNX in report on Thursday, September 24 with “Buy” rating.

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