New South Capital Management Has Trimmed Its Open Text (OTEX) Position by $12.58 Million; Ws Management Lllp Has Lifted Micron Technology (MU) Stake by $132.96 Million; Share Value Declined

Open Text Corporation (NASDAQ:OTEX) Logo

Ws Management Lllp increased its stake in Micron Technology Inc (MU) by 72.37% based on its latest 2018Q3 regulatory filing with the SEC. Ws Management Lllp bought 2.95 million shares as the company’s stock declined 22.49% with the market. The hedge fund held 7.04M shares of the technology company at the end of 2018Q3, valued at $318.29M, up from 4.08 million at the end of the previous reported quarter. Ws Management Lllp who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $39.07B market cap company. The stock decreased 3.21% or $1.15 during the last trading session, reaching $34.85. About 27.66 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has declined 19.44% since January 14, 2018 and is downtrending. It has underperformed by 19.44% the S&P500. Some Historical MU News: 21/05/2018 – Micron Hosts Analyst and Investor Event and Updates Guidance for Fiscal Third Quarter; 22/03/2018 – MICRON 2Q ADJ EPS $2.82; 23/03/2018 – Citi Research is concerned lower flash memory pricing will hurt Micron’s financial results later this year; 22/03/2018 – MICRON TECHNOLOGY INC MU.O : COWEN AND COMPANY RAISES TARGET PRICE TO $65 FROM $55; 16/05/2018 – Micron at Bernstein Strategic Decisions CEO Conference May 31; 23/03/2018 – Tech Today: Cutting Micron, Waiting for Dropbox, Scrutinizing Facebook — Barron’s Blog; 21/05/2018 – Micron Technology Raises 3Q View To EPS $3.12-EPS $3.16; 07/03/2018 – Micron Waste Accelerates Development of Cannabis Waste Digester — CFN Media; 22/05/2018 – Cramer also hears from the CEOs of Rent the Runway, Union Pacific and Micron; 14/05/2018 – Coatue Adds Micron, Exits Bank of America, Cuts Nvidia: 13F

New South Capital Management Inc decreased its stake in Open Text Corp (OTEX) by 5.95% based on its latest 2018Q3 regulatory filing with the SEC. New South Capital Management Inc sold 331,153 shares as the company’s stock declined 13.24% with the market. The institutional investor held 5.24M shares of the edp services company at the end of 2018Q3, valued at $199.22 million, down from 5.57M at the end of the previous reported quarter. New South Capital Management Inc who had been investing in Open Text Corp for a number of months, seems to be less bullish one the $9.17B market cap company. The stock decreased 0.58% or $0.2 during the last trading session, reaching $34.29. About 135,954 shares traded. Open Text Corporation (NASDAQ:OTEX) has risen 3.12% since January 14, 2018 and is uptrending. It has outperformed by 3.12% the S&P500. Some Historical OTEX News: 09/05/2018 – Open Text 3Q Adj EPS 54c; 09/05/2018 – OPEN TEXT CORP OTEX.TO – ANNOUNCING A 15% INCREASE TO QUARTERLY CASH DIVIDEND TO $0.1518 PER SHARE; 30/05/2018 – OPEN TEXT -AMENDMENT OF TERM LOAN INCREASES AMOUNT TO US$1 BLN, EXTENDS MATURITY DATE TO 2025, REDUCES INTEREST RATE MARGIN BY 25 BASIS POINTS; 18/05/2018 – Document Management Software 2018: Global Procurement Market Intelligence Report – Top Five Players are Adobe, OpenText, Dropbox, HP, and Oracle – ResearchAndMarkets.com; 09/05/2018 – Open Text 3Q Rev $685.9M; 02/04/2018 – OPEN TEXT CORP – JOHN DOOLITTLE WILL REMAIN WITH COMPANY UNTIL SEPTEMBER TO HELP COMPLETE TRANSITION; 02/04/2018 MADHU RANGANATHAN JOINS OPENTEXT AS CHIEF FINANCIAL OFFICER; 17/04/2018 – 13D CONF: ROBBINS SAYS OPEN TEXT MISPRICED, INEXPENSIVE COMPANY; 09/05/2018 – Acuity Modernizes Customer Communications Management with OpenText Exstream and ValueMomentum; 17/04/2018 – 13D CONF: BLUE HARBOUR’S ROBBINS DISCUSSING OPEN TEXT

Analysts await Open Text Corporation (NASDAQ:OTEX) to report earnings on January, 30. They expect $0.23 earnings per share, down 55.77% or $0.29 from last year’s $0.52 per share. OTEX’s profit will be $61.53 million for 37.27 P/E if the $0.23 EPS becomes a reality. After $0.13 actual earnings per share reported by Open Text Corporation for the previous quarter, Wall Street now forecasts 76.92% EPS growth.

New South Capital Management Inc, which manages about $3.52 billion and $3.75 billion US Long portfolio, upped its stake in Ishares Short (CSJ) by 25,644 shares to 51,288 shares, valued at $2.66 million in 2018Q3, according to the filing. It also increased its holding in Qurate Retail Inc by 79,370 shares in the quarter, for a total of 5.17 million shares, and has risen its stake in Hanesbrands Inc. (NYSE:HBI).

Among 12 analysts covering OpenText Corporation (NASDAQ:OTEX), 10 have Buy rating, 1 Sell and 1 Hold. Therefore 83% are positive. OpenText Corporation has $76 highest and $31.5 lowest target. $47.41’s average target is 38.26% above currents $34.29 stock price. OpenText Corporation had 27 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Thursday, February 1. Scotia Capital maintained Open Text Corporation (NASDAQ:OTEX) on Thursday, February 1 with “Buy” rating. The stock of Open Text Corporation (NASDAQ:OTEX) earned “Overweight” rating by Barclays Capital on Tuesday, July 28. The stock of Open Text Corporation (NASDAQ:OTEX) has “Buy” rating given on Wednesday, November 1 by BMO Capital Markets. The firm earned “Overweight” rating on Thursday, October 29 by Barclays Capital. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, September 26. On Monday, April 4 the stock rating was initiated by TD Securities with “Buy”. As per Monday, October 30, the company rating was maintained by RBC Capital Markets. The rating was maintained by BMO Capital Markets on Thursday, August 3 with “Buy”. The firm has “Buy” rating given on Wednesday, July 12 by RBC Capital Markets.

More notable recent Open Text Corporation (NASDAQ:OTEX) news were published by: Prnewswire.com which released: “OpenText Named a Leader in IDC MarketScape Vendor Assessment for Multi-Enterprise Supply Chain Commerce Network – PRNewswire” on December 20, 2018, also Seekingalpha.com with their article: “Open Text Is Opening New Doors – Seeking Alpha” published on June 25, 2018, Nasdaq.com published: “Open Text Corporation (OTEX) Ex-Dividend Date Scheduled for August 30, 2018 – Nasdaq” on August 29, 2018. More interesting news about Open Text Corporation (NASDAQ:OTEX) were released by: Seekingalpha.com and their article: “OpenText +5.3% on Q4 beats, NessPRO partnership – Seeking Alpha” published on August 03, 2018 as well as Prnewswire.com‘s news article titled: “OpenText Streamlines Collaboration for Marketers – PRNewswire” with publication date: December 19, 2018.

Investors sentiment decreased to 1.05 in 2018 Q3. Its down 0.35, from 1.4 in 2018Q2. It worsened, as 93 investors sold MU shares while 253 reduced holdings. 109 funds opened positions while 256 raised stakes. 767.36 million shares or 3.16% less from 792.40 million shares in 2018Q2 were reported. Chicago Equity Limited Liability Company stated it has 0.34% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Charter Tru reported 5,934 shares or 0.03% of all its holdings. Hightower Ltd holds 0.12% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 367,723 shares. Highland Cap Ltd invested in 131,210 shares. State Of New Jersey Common Pension Fund D has invested 0.14% in Micron Technology, Inc. (NASDAQ:MU). Engineers Gate Manager LP accumulated 8,800 shares. D E Shaw & Co owns 3.20 million shares or 0.17% of their US portfolio. California Public Employees Retirement Sys accumulated 2.35M shares. Victory Capital holds 53,369 shares. Valley National Advisers holds 0.01% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 733 shares. C M Bidwell And Associates has 0.11% invested in Micron Technology, Inc. (NASDAQ:MU) for 2,680 shares. Dimensional Fund Advsrs Limited Partnership holds 13.45 million shares or 0.23% of its portfolio. Jfs Wealth Advisors Lc invested in 150 shares or 0% of the stock. Cleararc Cap invested 0.18% in Micron Technology, Inc. (NASDAQ:MU). Millennium Management Limited Liability owns 11,792 shares or 0% of their US portfolio.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “AMD Looks Too Expensive – Seeking Alpha” on January 11, 2019, also Seekingalpha.com with their article: “Micron: Happily Adding – Seeking Alpha” published on December 19, 2018, Seekingalpha.com published: “Micron: Earnings Forecast And Industry Analysis – Seeking Alpha” on January 03, 2019. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Nasdaq.com and their article: “Notable Friday Option Activity: SAGE, MU, T – Nasdaq” published on December 21, 2018 as well as Streetinsider.com‘s news article titled: “Pre-Open Stock Movers 01/14: (MBOT) (GCI) (GG) Higher; (PCG) (ASNA) (TLRD) Lower (more…) – StreetInsider.com” with publication date: January 14, 2019.

Ws Management Lllp, which manages about $3.05B US Long portfolio, decreased its stake in Jetblue Airways Corp (NASDAQ:JBLU) by 804,000 shares to 873,829 shares, valued at $16.92M in 2018Q3, according to the filing. It also reduced its holding in Micron Technology Inc (Call) (NASDAQ:MU) by 3.11 million shares in the quarter, leaving it with 970,000 shares, and cut its stake in Lamar Advertising Co New (NASDAQ:LAMR).

Micron Technology, Inc. (NASDAQ:MU) Institutional Positions Chart

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