Pine River Capital Management LP Lowered Cognizant Tech Solutions (CTSH) Position by $4.07 Million

February 15, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.27, from 0.76 in 2017Q2. It increased, as 37 investors sold CTSH shares while 296 reduced holdings. 99 funds opened positions while 244 raised stakes. 487.81 million shares or 3.03% less from 503.05 million shares in 2017Q2 were reported. Neuberger Berman Group Inc has invested 0.2% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Ellington Mngmt Gru Limited Company reported 8,200 shares. Comml Bank Of America Corp De holds 0.03% or 2.33 million shares. Advantus Management holds 0.11% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 59,779 shares. Yacktman Asset Mngmt Ltd Partnership invested in 0.94% or 1.34 million shares. Price T Rowe Assoc Md, Maryland-based fund reported 1.08M shares. Nbt Natl Bank N A Ny owns 3,172 shares or 0.04% of their US portfolio. D Scott Neal owns 400 shares for 0.02% of their portfolio. Alliancebernstein LP holds 0.26% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 4.85 million shares. New York-based Adirondack Com has invested 0.01% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Voya Inv Mgmt Limited Liability Corporation holds 0.04% or 227,000 shares in its portfolio. Lazard Asset Management Limited Company owns 189,881 shares. Oregon Employees Retirement Fund owns 63,991 shares. Moon Mngmt Lc has invested 5.98% of its portfolio in Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Highfields Cap Mngmt Lp holds 1.98M shares or 1.23% of its portfolio.

Since August 15, 2017, it had 0 insider purchases, and 37 insider sales for $59.40 million activity. Lennox James Patrick sold $123,456 worth of stock or 1,725 shares. $180,000 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares were sold by Veeraraghavachary Srinivasan. $3.23M worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Mehta Rajeev. Middleton Sean sold 479 shares worth $34,205. 2,358 Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares with value of $165,525 were sold by Shaheen Allen. $393,264 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by CHINTAMANENI RAMAKRISHNA PRASAD on Wednesday, August 16.

Brian Taylor decreased its stake in Cognizant Tech Solutions (CTSH) by 86.1% based on its latest 2017Q3 regulatory filing with the SEC. Pine River Capital Management Lp sold 56,551 shares as the company’s stock rose 12.87% with the market. The hedge fund run by Brian Taylor held 9,130 shares of the edp services company at the end of 2017Q3, valued at $662,000, down from 65,681 at the end of the previous reported quarter. Pine River Capital Management Lp who had been investing in Cognizant Tech Solutions for a number of months, seems to be less bullish one the $47.87 billion market cap company. The stock increased 1.72% or $1.37 during the last trading session, reaching $81.19. About 2.52M shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 5.50% since February 15, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.

More notable recent Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news were published by: Gurufocus.com which released: “Worth Venture Partners, LLC Buys Cognizant Technology Solutions Corp, Kansas …” on February 01, 2018, also Omaha.com with their article: “On Investments: Gentex, Alphabet are among 28 balance sheet powerhouses” published on February 15, 2018, Gurufocus.com published: “Guinness Asset Management LTD Buys Comcast Corp, Cognizant Technology …” on January 29, 2018. More interesting news about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) were released by: Seekingalpha.com and their article: “Cognizant: Strong Showing Despite Political Headwinds Hampering Business Growth” published on January 23, 2018 as well as Reuters.com‘s news article titled: “Cognizant results top estimates as healthcare clients spend more” with publication date: February 07, 2018.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Ratings Coverage

Among 33 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 25 have Buy rating, 1 Sell and 7 Hold. Therefore 76% are positive. Cognizant Technology Solutions Corp. had 89 analyst reports since August 6, 2015 according to SRatingsIntel. Cowen & Co maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) on Wednesday, November 1 with “Buy” rating. The company was maintained on Thursday, November 2 by Bernstein. The firm has “Buy” rating by Robert W. Baird given on Friday, January 12. The rating was maintained by J.P. Morgan on Wednesday, February 7 with “Buy”. The firm has “Buy” rating by Cantor Fitzgerald given on Friday, October 16. On Wednesday, July 12 the stock rating was maintained by RBC Capital Markets with “Buy”. Needham maintained it with “Buy” rating and $78 target in Thursday, August 6 report. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has “Outperform” rating given on Wednesday, November 1 by William Blair. The firm has “Buy” rating given on Thursday, September 10 by Suntrust Robinson. Zacks upgraded the shares of CTSH in report on Monday, August 10 to “Sell” rating.

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