Mitsubishi Ufj Trust & Banking Corp Position in Medtronic Plc (MDT) Lowered by $4.40 Million as Share Price Rose

December 7, 2017 - By Hazel Jackson

Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.06, from 0.96 in 2017Q1. It fall, as 72 investors sold MDT shares while 449 reduced holdings. 99 funds opened positions while 370 raised stakes. 1.06 billion shares or 2.23% less from 1.08 billion shares in 2017Q1 were reported. Golub Gp Ltd Co stated it has 362,054 shares. Smith Moore & Communication holds 0.24% of its portfolio in Medtronic plc (NYSE:MDT) for 8,013 shares. Hudock Gru Lc reported 2,195 shares. Pillar Pacific Capital Ltd Limited Liability Company accumulated 0.85% or 69,731 shares. First National holds 29,504 shares. Mai Capital Management has 34,473 shares. Stonebridge Capital Ltd Llc reported 7,394 shares. Kornitzer Cap Ks holds 0.04% or 24,625 shares in its portfolio. Trillium Asset Mgmt Lc invested in 0.98% or 184,421 shares. Btc Mgmt Incorporated invested in 31,499 shares. L & S Advsrs stated it has 69,889 shares or 1.09% of all its holdings. Putnam Lc stated it has 0.01% in Medtronic plc (NYSE:MDT). Bnp Paribas Asset Management has 0.24% invested in Medtronic plc (NYSE:MDT). Lakeview Cap Ptnrs Ltd Liability Corporation has invested 0.23% in Medtronic plc (NYSE:MDT). Twin Capital Mngmt holds 16,370 shares or 0.09% of its portfolio.

Mitsubishi Ufj Trust & Banking Corp decreased its stake in Medtronic Plc (MDT) by 1.75% based on its latest 2017Q2 regulatory filing with the SEC. Mitsubishi Ufj Trust & Banking Corp sold 50,021 shares as the company’s stock rose 5.51% with the market. The institutional investor held 2.81 million shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q2, valued at $249.25 million, down from 2.86M at the end of the previous reported quarter. Mitsubishi Ufj Trust & Banking Corp who had been investing in Medtronic Plc for a number of months, seems to be less bullish one the $109.05 billion market cap company. The stock decreased 1.14% or $0.93 during the last trading session, reaching $80.57. About 5.45 million shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since December 7, 2016 and is uptrending. It has underperformed by 12.66% the S&P500.

Mitsubishi Ufj Trust & Banking Corp, which manages about $51.75B US Long portfolio, upped its stake in Dell Technologies In by 95,269 shares to 538,505 shares, valued at $32.91 million in 2017Q2, according to the filing. It also increased its holding in Advanced Micro Devices (NASDAQ:AMD) by 769,739 shares in the quarter, for a total of 2.36 million shares, and has risen its stake in Digital Realty Trust (NYSE:DLR).

Medtronic plc (NYSE:MDT) Ratings Coverage

Among 27 analysts covering Medtronic (NYSE:MDT), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Medtronic had 74 analyst reports since August 10, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of MDT in report on Friday, May 26 with “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Monday, November 23. Stifel Nicolaus maintained it with “Hold” rating and $91.0 target in Tuesday, August 22 report. RBC Capital Markets maintained it with “Buy” rating and $90.0 target in Friday, September 22 report. The stock of Medtronic plc (NYSE:MDT) earned “Hold” rating by BTIG Research on Tuesday, August 22. RBC Capital Markets maintained Medtronic plc (NYSE:MDT) on Sunday, August 20 with “Buy” rating. The firm has “Hold” rating given on Thursday, May 25 by BTIG Research. The stock of Medtronic plc (NYSE:MDT) earned “Overweight” rating by Barclays Capital on Wednesday, August 23. Morgan Stanley maintained Medtronic plc (NYSE:MDT) on Wednesday, March 2 with “Overweight” rating. SunTrust initiated the stock with “Buy” rating in Monday, April 25 report.

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