Granite Point Capital Management LP Invests $306000 in Mellanox Technologies, Ltd. (MLNX)

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03 June, 2017

Cisco Systems Inc now has $158.35B valuation. They now have a United States dollars 50 price target on the stock. Aqr Capital Mngmt Limited Liability Company holds 15,437 shares. It has underperformed by 46.32% the S&P500.

Cortina Asset Management LLC raised its stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Lyon Street Cap Limited Com accumulated 2.6% or 124,449 shares. The Voya Investment Management Llc holds 242,203 shares with $8.21M value, up from 147,178 last quarter. Kingdon Limited Liability has 0.18% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). The stock declined 1.11% or $0.45 reaching $40.1 on the news.

Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings results on Wednesday, April 26th. It has underperformed by 4.61% the S&P500. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Therefore 91% are positive. Mellanox Tech had 18 analyst reports since July 23, 2015 according to SRatingsIntel. As per Monday, November 16, the company rating was maintained by Topeka Capital Markets. The company has a market capitalization of $2.38 billion, a P/E ratio of 183.02 and a beta of 0.56. On Thursday, July 23 the stock rating was maintained by Stifel Nicolaus with "Buy". JP Morgan reinitiated the stock with "Overweight" rating in Thursday, February 25 report. The firm earned "Buy" rating on Thursday, April 7 by DA Davidson. Summit Redstone Partners initiated Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Tuesday, June 21 with "Buy" rating. The average 12 month price target among analysts that have covered the stock in the a year ago is $53.43. Roth Capital downgraded Mellanox Technologies from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $60.00 to $53.00 in a report on Thursday, April 27th.

Investors sentiment decreased to 0.87 in Q4 2016. Its down 0.34, from 1.21 in 2016Q3. It turned negative, as 34 investors sold MLNX shares while 51 reduced holdings. 25 funds opened positions while 49 raised stakes. Parametric Portfolio Ltd Liability Com reported 6,827 shares or 0% of all its holdings. Another trade for 2,658 shares valued at $99,542 was made by PETERSMEYER GARY S on Friday, March 10. Los Angeles Capital Mgmt And Equity Inc invested in 0% or 7,130 shares.

The share price of the company (NASDAQ:MLNX) was down -0.94%, with a high of 48.30 during the day and the volume of Mellanox Technologies, Ltd. shares traded was 456824. (NASDAQ:CECO). Quantbot Techs Lp, New York-based fund reported 840 shares. Swiss Bancorporation holds 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 71,121 shares. Globeflex Cap LP stated it has 0.4% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Rothschild Inv Il has 0.2% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Utd Capital Advisers Ltd Liability Com holds 5,242 shares or 0% of its portfolio. Comml Bank Of America De stated it has 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Fincl Bank Hapoalim Bm reported 25,661 shares. Sei Invs Com invested in 3,328 shares or 0% of the stock. Mellanox Technologies earned a coverage optimism score of 0.18 on AlphaOne's scale. $94,186 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was sold by Kagan Michael on Tuesday, February 28. $97,918 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was sold by Dorchak Glenda. 2,030 shares were sold by Shulman Yakov (Jacob), worth $95,369. Sultzbaugh Marc also sold $245,600 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Friday, February 17.

COPYRIGHT VIOLATION WARNING: "Mellanox Technologies, Ltd. (MLNX) Shares Bought by Cortina Asset Management LLC" was originally posted by Stock Observer and is the property of of Stock Observer.

Mellanox Tech Limited Ord (NASDAQ:MLNX) had a decrease of 5.74% in short interest. It also reduced Autobytel Inc (NASDAQ:ABTL) stake by 33,128 shares and now owns 501,002 shares. Masimo Corp (NASDAQ:MASI) was reduced too. During the same quarter past year, the company posted $0.81 EPS. The semiconductor producer reported $0.29 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.49 by $0.20.

Investors sentiment decreased to 1.07 in 2016 Q4. Its down 0.05, from 1.17 in 2016Q3. It dived, as 14 investors sold CECO shares while 36 reduced holdings. 50 funds opened positions while 80 raised stakes. The insider Cohen Shai sold $480,095. Geode Capital Mngmt holds 23,242 shares. Benin owns 0.21% invested in Southern Co (NYSE:SO) for 9,102 shares. Axa reported 339,500 shares or 0.07% of all its holdings. Boys Arnold & reported 11,051 shares. Synovus Finance Corp holds 1.01% of its portfolio in Southern Co (NYSE:SO) for 900,907 shares. Tower Lc (Trc) holds 0% or 1,043 shares. Metropolitan Life Ny holds 5,521 shares. Deutsche Bancshares Ag holds 0.01% or 337,355 shares. Stifel Financial has 51,373 shares for 0% of their portfolio. Bokf Na invested in 0.14% or 85,592 shares.

Among 2 analysts covering Lion Biotech (NASDAQ:LBIO), 2 have Buy rating, 0 Sell and 0 Hold. Macquarie Research has "Neutral" rating and $25 target. The rating was maintained by Telsey Advisory Group with "Market Perform" on Wednesday, December 7. The stock has "Buy" rating by Jefferies on Thursday, April 13. The rating was upgraded by Barclays Capital on Thursday, July 14 to "Overweight". As per Thursday, August 13, the company rating was maintained by Goldman Sachs.

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