Grantham Mayo Van Otterloo & Co LLC Boosted Cognizant Technology Solutio (CTSH) Position by $10.19 Million

September 17, 2017 - By Michael Collier

Investors sentiment decreased to 0.89 in 2016 Q4. Its down 0.04, from 0.93 in 2016Q3. It is negative, as 82 investors sold CTSH shares while 305 reduced holdings. 103 funds opened positions while 243 raised stakes. 513.54 million shares or 2.92% more from 498.98 million shares in 2016Q3 were reported. Parametric Limited Company reported 1.45M shares. Japan-based Meiji Yasuda Asset Management Ltd has invested 0.06% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Bb&T invested in 82,336 shares. Fukoku Mutual Life Insur stated it has 3,400 shares. Mirae Asset Investments Limited owns 497,689 shares or 0.62% of their US portfolio. Dean Associate Ltd Liability Co has 0.66% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Robeco Institutional Asset Mgmt Bv has invested 0% of its portfolio in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Private Advisor Grp Ltd Limited Liability Company holds 0.02% or 11,053 shares in its portfolio. Barclays Public Ltd Company has 1.28M shares for 0.08% of their portfolio. State Board Of Administration Of Florida Retirement Systems holds 874,311 shares. Strategic Inc stated it has 0.98% in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Rafferty Asset Limited Liability Company invested in 17,897 shares. Moreover, Endurance Wealth Mgmt has 0.01% invested in Cognizant Technology Solutions Corp (NASDAQ:CTSH). Girard Ptnrs accumulated 0.24% or 14,944 shares. Seabridge Inv Advisors Ltd Llc reported 0.15% stake.

Since April 28, 2017, it had 0 insider buys, and 20 sales for $8.33 million activity. Another trade for 4,000 shares valued at $271,000 was sold by KRISHNASWAMY VENKAT. $122,850 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) was sold by Middleton Sean. 4,186 Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares with value of $282,815 were sold by Shaheen Allen. CHATTERJEE DEBASHIS sold $46,230 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Thursday, May 25. On Tuesday, May 16 the insider SINHA DHARMENDRA KUMAR sold $601,445. Another trade for 5,400 shares valued at $361,800 was made by CHINTAMANENI RAMAKRISHNA PRASAD on Thursday, May 25.

Grantham Mayo Van Otterloo & Co Llc increased its stake in Cognizant Technology Solutio (CTSH) by 4.76% based on its latest 2016Q4 regulatory filing with the SEC. Grantham Mayo Van Otterloo & Co Llc bought 181,877 shares as the company’s stock rose 12.87% with the market. The institutional investor held 4.00M shares of the edp services company at the end of 2016Q4, valued at $224.28M, up from 3.82 million at the end of the previous reported quarter. Grantham Mayo Van Otterloo & Co Llc who had been investing in Cognizant Technology Solutio for a number of months, seems to be bullish on the $42.42B market cap company. The stock increased 0.11% or $0.08 on September 15, reaching $71.82. About 3.93 million shares traded or 35.05% up from the average. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since September 17, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Grantham Mayo Van Otterloo & Co Llc, which manages about $18.55B US Long portfolio, decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 1.48M shares to 6.81 million shares, valued at $443.71M in 2016Q4, according to the filing. It also reduced its holding in Anthem Inc (NYSE:ANTM) by 78,271 shares in the quarter, leaving it with 701,535 shares, and cut its stake in Universal Corp Va (NYSE:UVV).

More notable recent Cognizant Technology Solutions Corp (NASDAQ:CTSH) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Cognizant Technology Solutions, Alaska Air Group and Moody’s” on August 16, 2017, also Nasdaq.com with their article: “Agree To Buy Cognizant Technology Solutions Corp. At $40, Earn 2.2% Using Options” published on June 16, 2017, Bizjournals.com published: “Tech firm co-founder gives Babson a $36M gift” on September 06, 2017. More interesting news about Cognizant Technology Solutions Corp (NASDAQ:CTSH) were released by: Nasdaq.com and their article: “Strategy To YieldBoost Cognizant Technology Solutions Corp. From 0.8% To 6.7 …” published on September 15, 2017 as well as Seekingalpha.com‘s news article titled: “Cognizant Technology Solutions (CTSH) Q2 2017 Results – Earnings Call Transcript” with publication date: August 03, 2017.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) Ratings Coverage

Among 28 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 20 have Buy rating, 1 Sell and 7 Hold. Therefore 71% are positive. Cognizant Technology Solutions Corp. has $86.0 highest and $48 lowest target. $73’s average target is 1.64% above currents $71.82 stock price. Cognizant Technology Solutions Corp. had 55 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) earned “Buy” rating by Cowen & Co on Friday, July 28. The firm earned “Outperform” rating on Tuesday, February 9 by RBC Capital Markets. CLSA downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Wednesday, September 14 to “Underperform” rating. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) earned “Hold” rating by HSBC on Thursday, June 8. Societe Generale initiated the shares of CTSH in report on Monday, September 26 with “Buy” rating. On Friday, September 30 the stock rating was downgraded by Argus Research to “Hold”. The company was downgraded on Tuesday, November 22 by Bank of America. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) has “Neutral” rating given on Thursday, December 17 by Sterne Agee CRT. Zacks upgraded the shares of CTSH in report on Monday, August 10 to “Sell” rating. The stock has “Buy” rating by RBC Capital Markets on Wednesday, July 12.

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