Raymond James Upgrades Nasdaq: Insight into Institutional Sentiment
On October 14, 2024, Fintel reported that Raymond James has upgraded Nasdaq (WBAG:NDAQ) from Market Perform to Outperform.
Understanding Fund Sentiment
There are currently 1,456 funds or institutions with positions in Nasdaq, marking a decrease of 19 owners or 1.29% over the last quarter. The average portfolio weight for all funds invested in NDAQ is 0.32%, which has grown by 2.13%. Over the past three months, total shares owned by institutions rose 2.17%, reaching 540,890K shares.
Thoma Bravo maintains a substantial stake, holding 85,608K shares which account for 14.86% ownership. This figure showed no change from the previous quarter.
Investor Ab continues to hold 58,182K shares, representing a 10.10% ownership in Nasdaq, also unchanged from last quarter.
Massachusetts Financial Services now owns 20,884K shares, equating to 3.63% ownership. This represents a decrease from their previous holdings of 21,224K shares, a decline of 1.62%. The firm’s portfolio allocation in NDAQ has decreased sharply by 85.16% over the last quarter.
Wellington Management Group LLP has increased its stake in Nasdaq. They now hold 14,749K shares, representing 2.56% ownership, a notable rise from their earlier holdings of 10,693K shares—a significant increase of 27.50%. Nonetheless, Wellington has also cut down its portfolio allocation in NDAQ by 81.30% during the last quarter.
MEIAX – MFS Value Fund A holds 14,025K shares, corresponding to 2.44% ownership. The firm saw a slight drop from 14,319K shares previously, reflecting a 2.10% decrease. However, their portfolio allocation in NDAQ has risen by 2.45% over the last quarter.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
