Diversified Trust Co recently decreased its holdings in Cisco Systems, Inc. by 11.1% in the first quarter, selling 8,353 shares. Other institutional investors and hedge funds have also bought and sold shares of CSCO, with Aviance Capital Partners LLC, Roberts Wealth Advisors LLC, Citizens Business Bank, Clarity Wealth Advisors LLC, and Chatham Capital Group Inc. … Read more
Wellington Management Group LLP reduced its stake in Hewlett Packard Enterprise by 7.8% in the fourth quarter, selling 6,805 shares and now holds 80,280 shares valued at $1,363,000. Other institutional investors have also made changes in their holdings, including EP Wealth Advisors LLC increasing its stake by 53.4%, V Square Quantitative Management LLC by 25.2%, … Read more
Diamond Hill Capital, an investment management company, recently released its “Long-Short Fund” investor letter for the first quarter of 2024. The portfolio saw positive returns in the fourth quarter, although it lagged behind the Russell 1000 Index but outperformed the combined benchmark. The fund’s short positions did not perform as well as the index, but … Read more
Guidance Capital Inc. recently acquired a new position in Hewlett Packard Enterprise (NYSE:HPE). This move indicates the investment firm’s confidence in the technology company. Hewlett Packard Enterprise is a leading provider of IT solutions and services, and Guidance Capital Inc.’s decision to invest in the company suggests that they see potential for growth and value … Read more
Hewlett Packard Enterprise (HPE) split from HP Inc. in 2015 to focus on business servers, storage, networking, the cloud, software, and services. Investors are excited about HPE’s AI initiatives after its second-quarter earnings report showed AI systems revenue more than doubled. However, there are risks, including AI servers being less profitable and aggressive pricing in … Read more
Wells Fargo recently adjusted its Signature Picks stock portfolio by reducing its overweight position in Nvidia from 6.8% to 5%. This move was made for “risk-taking purposes” according to the bank. Signature Picks is a diverse portfolio of stocks that reflect the top investment ideas from Wells Fargo’s research department. Nvidia, a leading tech company, … Read more
The Competition Commission of India (CCI) recently dismissed a complaint against Google India, alleging that the tech giant favored Truecaller, a caller ID and spam protection app. The complaint, filed by Rachna Khaira, accused Google of granting exclusive access to Truecaller to share private contact information, creating a monopoly for the app. Khaira also claimed … Read more
Nvidia’s stock has recently experienced a drop, but there are reasons to believe that the company could still reclaim its position at the top, surpassing even tech giants like Microsoft and Apple. Despite the setback in their stock performance, Nvidia has a strong track record of innovation and growth in the technology sector. One of … Read more
Rivian’s future has been under scrutiny due to financial pressure as the company transitions to its R2 line. However, a recent partnership with Volkswagen has created a joint venture where Volkswagen will use Rivian’s software platform and electric platform in its future electric vehicles. The two companies aim to accelerate software development and innovation, reduce … Read more
Hewlett Packard Enterprise, led by CEO Antonio Neri, has partnered with Nvidia to offer generative AI systems for large corporate clients. Neri highlighted HPE’s supercomputer heritage and experience in running AI systems at scale. The company aims to help clients fine-tune AI models with their data in a secure private cloud setting. While AI server … Read more