Veritas Software Corp Stock as Institutional Investors Exit

May 18, 2018 - By Margarite Burden

Virtus Investment Partners, Inc. (NASDAQ:VRTS) Logo

Sentiment for Veritas Software Corp (NASDAQ:VRTS)

Veritas Software Corp (NASDAQ:VRTS) institutional sentiment decreased to 1.22 in Q4 2017. Its down -0.14, from 1.36 in 2017Q3. The ratio worsened, as 55 active investment managers started new and increased equity positions, while 45 cut down and sold stock positions in Veritas Software Corp. The active investment managers in our partner’s database now own: 6.54 million shares, down from 6.65 million shares in 2017Q3. Also, the number of active investment managers holding Veritas Software Corp in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 12 Reduced: 33 Increased: 42 New Position: 13.

Virtus Investment Partners, Inc. is a publicly owned investment manager. The company has market cap of $934.30 million. The firm primarily provides its services to individual and institutional clients. It has a 32.69 P/E ratio. It launches separate client focused equity and fixed income portfolios.

The stock increased 1.89% or $2.4 during the last trading session, reaching $129.45. About 49,313 shares traded. Virtus Investment Partners, Inc. (NASDAQ:VRTS) has risen 21.28% since May 18, 2017 and is uptrending. It has outperformed by 9.73% the S&P500.

Analysts await Virtus Investment Partners, Inc. (NASDAQ:VRTS) to report earnings on July, 27. They expect $2.93 earnings per share, up 81.99 % or $1.32 from last year’s $1.61 per share. VRTS’s profit will be $21.15M for 11.05 P/E if the $2.93 EPS becomes a reality. After $2.59 actual earnings per share reported by Virtus Investment Partners, Inc. for the previous quarter, Wall Street now forecasts 13.13 % EPS growth.

Philadelphia Financial Management Of San Francisco Llc holds 3.91% of its portfolio in Virtus Investment Partners, Inc. for 230,270 shares. Huber Capital Management Llc owns 426,885 shares or 2.67% of their US portfolio. Moreover, Mangrove Partners has 0.77% invested in the company for 49,344 shares. The California-based Marcato Capital Management Lp has invested 0.74% in the stock. Cna Financial Corp, a Illinois-based fund reported 14,087 shares.

Virtus Investment Partners, Inc. (NASDAQ:VRTS) Ratings Coverage

Ratings analysis reveals 17% of Virtus Investment Partners’s analysts are positive. Out of 6 Wall Street analysts rating Virtus Investment Partners, 1 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $12300 while the high is $173.0. The stock’s average target of $137.33 is 6.09% above today’s ($129.45) share price. VRTS was included in 16 notes of analysts from January 2, 2018. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, April 10 report. The firm earned “Buy” rating on Tuesday, February 6 by Credit Suisse. The company was maintained on Monday, February 5 by Sandler O’Neill. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, February 5 report. The rating was maintained by Sandler O’Neill on Tuesday, January 2 with “Hold”. As per Monday, April 23, the company rating was maintained by Jefferies. The rating was maintained by Barclays Capital on Monday, April 23 with “Equal-Weight”. The stock of Virtus Investment Partners, Inc. (NASDAQ:VRTS) earned “Hold” rating by Sandler O’Neill on Wednesday, January 10. Barclays Capital maintained Virtus Investment Partners, Inc. (NASDAQ:VRTS) rating on Monday, April 30. Barclays Capital has “Equal-Weight” rating and $132 target. The stock has “Hold” rating by Jefferies on Wednesday, January 10.

More notable recent Virtus Investment Partners, Inc. (NASDAQ:VRTS) news were published by: Nasdaq.com which released: “InfraCap MLP ETF (NYSE:AMZA) Declares Monthly Distribution” on April 19, 2018, also Nasdaq.com with their article: “Market Trends Toward New Normal in CPB, Deciphera Pharmaceuticals, Masonite International, First Internet, Duluth …” published on May 18, 2018, Streetinsider.com published: “Marcato Capital Shows New Stakes in Astec Industries (ASTE), Univar (UNVR) (more…) – 13f” on May 15, 2018. More interesting news about Virtus Investment Partners, Inc. (NASDAQ:VRTS) were released by: Prnewswire.com and their article: “Virtus Investment Partners Declares Quarterly Cash Dividends On Common and Preferred Stock” published on May 16, 2018 as well as Prnewswire.com‘s news article titled: “Virtus ETF Solutions and InfraCap Introduce Preferred Stock ETF” with publication date: May 17, 2018.

Virtus Investment Partners, Inc. (NASDAQ:VRTS) Institutional Positions Chart

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