Recent SEC filings reveal that Mutual of America Capital Management LLC has been actively adjusting its investment portfolio, impacting companies like Cincinnati Financial Co. (NASDAQ:CINF) and Expedia Group, Inc. (NASDAQ:EXPE). Meanwhile, analyst activity is heating up for Okta (NASDAQ:OKTA) and ASML Holding (NASDAQ:ASML).
Mutual of America's Portfolio Adjustments
Mutual of America Capital Management LLC reduced its holdings in Cincinnati Financial Co. by 2.7% during the fourth quarter. The firm sold 513 shares, leaving them with a total of 18,727 shares valued at $2.69 million. This information was disclosed in their recent filing with the Securities and Exchange Commission.
The investment firm also trimmed its position in Expedia Group, Inc. by 4.2% during the same period. The sale of 638 shares resulted in a holding of 14,722 shares. The total value of their stake in Expedia is reported at $2.74 million.
Analyst Activity: Okta's Price Target Increased
Okta, a leading identity and access management company, received a boost from Barclays. According to a research report published on Benzinga, Barclays increased its price target for Okta from $105.00 to $115.00. They maintained an equal weight rating on the stock. Other firms, including UBS Group, have also weighed in with positive commentary on Okta's prospects.
This positive revision suggests a growing confidence in Okta's performance and future potential within the cybersecurity sector. It will be interesting to see if other analysts follow suit and revise their own ratings.
ASML Holding Sees Short Interest Decline
ASML Holding, a key player in the semiconductor industry, experienced a significant drop in short interest during February. Data reveals that short interest fell by 14.4%, from 1,670,000 shares on January 31st to 1,430,000 shares as of February 15th. With an average daily trading volume of 1,650,000 shares, the short-interest ratio currently stands at 0.9 days.
A decrease in short interest can often be interpreted as a sign of growing investor confidence in the company's future prospects. The reduced short-interest ratio suggests that the market anticipates ASML's stock price to rise in the near term.
These recent financial moves and analyst revisions offer valuable insights into the current market sentiment surrounding these prominent companies. Investors will be closely watching these developments as they unfold in the coming months.