B. Riley Wealth Advisors Inc. decreased its stake in Hewlett Packard Enterprise by 19.5% in the fourth quarter, selling 9,667 shares and owning 39,844 shares valued at $682,000. Other hedge funds also adjusted their positions in the company, with various changes reported. The company’s institutional investors now hold 80.78% of its shares. Hewlett Packard Enterprise’s … Read more
BTC Capital Management Inc. recently purchased a new stake in Oracle Co. during the first quarter, acquiring 6,645 shares valued at around $835,000. Other institutional investors like Orion Capital Management LLC, Spartan Planning & Wealth Management, Tidemark LLC, Nordwand Advisors LLC, and Frank Rimerman Advisors LLC also adjusted their holdings in the company. CEO Safra … Read more
Perpetual Ltd reduced its holdings in Oracle Co. by 40.5% in the first quarter, selling 68,440 shares. The institutional investor owned 100,698 shares valued at $12,649,000. Other institutional investors also adjusted their positions in the company. Insiders have been selling shares, with Director Michael J. Boskin selling 45,000 shares and Director George H. Conrades selling … Read more
Perpetual Ltd bought a substantial number of shares of Cisco Systems, Inc. during the first quarter, increasing their stake by over 100%. Other institutional investors also made moves with the company’s stock. Insider transactions within Cisco Systems have been noted in recent months, including sales by executives. The company’s stock has been trading at increasing … Read more
Mather Group LLC reduced its stake in International Business Machines Co. by 5.8% in the first quarter, holding 4,718 shares valued at $901,000. Other major investors, including Vanguard Group and Morgan Stanley, also adjusted their positions in the company. IBM’s stock increased by 2.0% and opened at $173.97 on Friday. The company reported earnings of … Read more
Broadcom’s stock prices have reached record levels due to strong revenue growth in the second quarter of fiscal 2024, with a significant increase in AI-related revenue. The company’s revenue rose 43% year over year to $12.5 billion, with AI revenue increasing by 280% to $3.1 billion. However, there were declines in server storage and broadband … Read more
Asian stocks mostly declined on Friday due to a drop in Wall Street, where Nvidia’s shares fell. Japan’s Nikkei 225 was relatively flat, Australia’s S&P/ASX 200 rose, South Korea’s Kospi dropped, Hong Kong’s Hang Seng fell significantly, and Shanghai Composite slightly declined. On Wall Street, the S&P 500 and Nasdaq Composite fell, while the Dow … Read more
Parminder Singh, former CEO of Google and Twitter, recently criticized individuals who falsely claim to be alumni of Ivy League institutes without completing an undergraduate or graduate program there. Singh shared a personal experience where a candidate he interviewed listed himself as a “Harvard alumnus,” only for Singh to discover that the candidate had only … Read more
Asian stock markets mostly fell on Friday as investors remained cautious amid mixed signals from global markets. The tech sector was particularly hit hard, with shares of Nvidia weighing on Wall Street. The Japanese Nikkei index ended the day down 0.5%, while Hong Kong’s Hang Seng index fell 0.8%. In China, the Shanghai Composite index … Read more
Most Asian stocks fell on Friday following a setback on Wall Street triggered by a drop in Nvidia shares. Japan’s Nikkei 225 closed almost unchanged after a slight increase in the inflation rate was reported. Australia’s S&P/ASX 200 rose slightly, while South Korea’s Kospi and the Hang Seng in Hong Kong both fell. On Wall … Read more