Adtran Inc (NASDAQ:ADTN) 2017 Q4 Institutional Investor Sentiment Steady

April 16, 2018 - By Stephen Andrade


Sentiment for Adtran Inc (NASDAQ:ADTN)

Adtran Inc (NASDAQ:ADTN) institutional sentiment decreased to 1.1 in 2017 Q4. Its down -0.42, from 1.52 in 2017Q3. The ratio has dropped, as 77 investment managers increased or opened new equity positions, while 70 decreased and sold stock positions in Adtran Inc. The investment managers in our partner’s database now have: 42.06 million shares, down from 42.82 million shares in 2017Q3. Also, the number of investment managers holding Adtran Inc in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 20 Reduced: 50 Increased: 52 New Position: 25.

ADTRAN, Inc. provides networking and communications equipment worldwide. The company has market cap of $740.12 million. The firm operates through two divisions, Network Solutions and Services & Support. It has a 31.53 P/E ratio. It offers access and aggregation solutions, including fiber to the premises and fiber to the node multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; fiber access network elements; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

The stock decreased 0.64% or $0.1 during the last trading session, reaching $15.45. About 59,162 shares traded. ADTRAN, Inc. (NASDAQ:ADTN) has declined 27.42% since April 16, 2017 and is downtrending. It has underperformed by 38.97% the S&P500.

Analysts await ADTRAN, Inc. (NASDAQ:ADTN) to report earnings on April, 17. They expect $-0.17 earnings per share, down 213.33 % or $0.32 from last year’s $0.15 per share. After $0.05 actual earnings per share reported by ADTRAN, Inc. for the previous quarter, Wall Street now forecasts -440.00 % negative EPS growth.

Tieton Capital Management Llc holds 4.04% of its portfolio in ADTRAN, Inc. for 243,299 shares. Dean Capital Management owns 210,417 shares or 1.92% of their US portfolio. Moreover, S Squared Technology Llc has 1.31% invested in the company for 74,459 shares. The Quebec – Canada-based Van Berkom & Associates Inc. has invested 1.25% in the stock. Skyline Asset Management Lp, a Illinois-based fund reported 650,200 shares.#img1#

Since January 1, 0001, it had 0 buys, and 2 selling transactions for $1.25 million activity.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Coverage

Ratings analysis reveals 50% of Adtran’s analysts are positive. Out of 6 Wall Street analysts rating Adtran, 3 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $16.0 while the high is $28.0. The stock’s average target of $20.65 is 33.66% above today’s ($15.45) share price. ADTN was included in 8 notes of analysts from October 18, 2017. The firm earned “Buy” rating on Thursday, January 18 by Northland Capital. The firm earned “Neutral” rating on Tuesday, January 16 by Goldman Sachs. The rating was maintained by Needham with “Buy” on Wednesday, October 18. The stock of ADTRAN, Inc. (NASDAQ:ADTN) has “Hold” rating given on Friday, December 29 by Cowen & Co. The rating was maintained by Needham on Friday, January 12 with “Buy”. Jefferies maintained ADTRAN, Inc. (NASDAQ:ADTN) rating on Wednesday, January 17. Jefferies has “Hold” rating and $17.25 target. The rating was maintained by Northland Capital on Wednesday, October 18 with “Buy”.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Chart

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