Ivory Investment Management LP Has Upped Nuance Communications INC (NUAN) Position

February 21, 2018 - By Marguerite Chambers

Investors sentiment increased to 0.95 in Q3 2017. Its up 0.06, from 0.89 in 2017Q2. It is positive, as 49 investors sold NUAN shares while 98 reduced holdings. 40 funds opened positions while 100 raised stakes. 201.88 million shares or 0.45% less from 202.79 million shares in 2017Q2 were reported. Apg Asset Nv owns 210,044 shares for 0.01% of their portfolio. One Trading LP stated it has 0% of its portfolio in Nuance Communications, Inc. (NASDAQ:NUAN). Point72 Asia (Hong Kong) Limited holds 198 shares or 0% of its portfolio. Kbc Group Nv invested 0.01% in Nuance Communications, Inc. (NASDAQ:NUAN). Advisory Network Ltd Limited Liability Company has invested 0% of its portfolio in Nuance Communications, Inc. (NASDAQ:NUAN). Deutsche National Bank & Trust Ag holds 0.02% of its portfolio in Nuance Communications, Inc. (NASDAQ:NUAN) for 1.49 million shares. 2.35M were accumulated by Geode Cap Mngmt Ltd Liability Corporation. Pub Employees Retirement Sys Of Ohio invested in 119,110 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0.01% in Nuance Communications, Inc. (NASDAQ:NUAN). Renaissance Technology Limited Liability Corp holds 1.35M shares or 0.02% of its portfolio. Brown Brothers Harriman And owns 2,366 shares. Northern Trust holds 1.52M shares or 0.01% of its portfolio. Laurion Capital Mngmt Limited Partnership reported 0.06% in Nuance Communications, Inc. (NASDAQ:NUAN). Invesco invested 0.01% in Nuance Communications, Inc. (NASDAQ:NUAN). Wellington Mgmt Grp Incorporated Llp owns 0% invested in Nuance Communications, Inc. (NASDAQ:NUAN) for 76,805 shares.

Since September 1, 2017, it had 0 buys, and 3 insider sales for $280,106 activity. On Friday, October 6 the insider Siegel Kenneth M sold $74,912.

Curtis Macnguyen increased its stake in Nuance Communications Inc (NUAN) by 10.56% based on its latest 2017Q3 regulatory filing with the SEC. Ivory Investment Management Lp bought 582,559 shares as the company’s stock rose 11.20% with the market. The hedge fund run by Curtis Macnguyen held 6.10 million shares of the technology company at the end of 2017Q3, valued at $95.87 million, up from 5.52 million at the end of the previous reported quarter. Ivory Investment Management Lp who had been investing in Nuance Communications Inc for a number of months, seems to be bullish on the $4.83B market cap company. The stock decreased 0.69% or $0.11 during the last trading session, reaching $16.44. About 1.66M shares traded. Nuance Communications, Inc. (NASDAQ:NUAN) has risen 16.56% since February 21, 2017 and is uptrending. It has underperformed by 0.14% the S&P500.

Ivory Investment Management Lp, which manages about $3.62B and $2.01 billion US Long portfolio, decreased its stake in Alphabet Inc by 9,685 shares to 17,019 shares, valued at $16.32 million in 2017Q3, according to the filing. It also reduced its holding in Mondelez Intl Inc (NASDAQ:MDLZ) by 317,268 shares in the quarter, leaving it with 475,218 shares, and cut its stake in Anthem Inc (NYSE:ANTM).

More notable recent Nuance Communications, Inc. (NASDAQ:NUAN) news were published by: Globenewswire.com which released: “Nuance Appoints Sanjay Vaswani to its Board of Directors” on January 26, 2018, also Nasdaq.com with their article: “Nuance Communications, Inc. Q1 Earnings Rise” published on February 08, 2018, Streetinsider.com published: “Nuance Communications (NUAN) Names Sanjay Vaswani to Board” on January 26, 2018. More interesting news about Nuance Communications, Inc. (NASDAQ:NUAN) were released by: Seekingalpha.com and their article: “Nuance Communications +3.3% as it returns to organic growth” published on February 08, 2018 as well as Globenewswire.com‘s news article titled: “Nuance Loop Shortlisted for Prestigious 2018 GLOMO Award” with publication date: February 13, 2018.

Nuance Communications, Inc. (NASDAQ:NUAN) Ratings Coverage

Among 11 analysts covering Nuance Communications (NASDAQ:NUAN), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Nuance Communications had 35 analyst reports since August 7, 2015 according to SRatingsIntel. The company was upgraded on Monday, January 18 by Standpoint Research. Barclays Capital initiated the shares of NUAN in report on Friday, April 15 with “Equal-Weight” rating. Barclays Capital maintained it with “Overweight” rating and $21 target in Wednesday, August 9 report. As per Wednesday, May 11, the company rating was maintained by Leerink Swann. The firm has “Neutral” rating given on Tuesday, August 9 by UBS. Raymond James upgraded Nuance Communications, Inc. (NASDAQ:NUAN) on Friday, November 18 to “Strong Buy” rating. Deutsche Bank maintained Nuance Communications, Inc. (NASDAQ:NUAN) on Tuesday, November 17 with “Buy” rating. Stifel Nicolaus maintained it with “Hold” rating and $18.0 target in Tuesday, November 28 report. As per Friday, January 15, the company rating was upgraded by Standpoint Research. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) earned “Outperform” rating by Leerink Swann on Wednesday, September 9.

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