Artisan Partners Limited Partnership Increased Q2 Hldgs Inc (NYSE:QTWO) Stake by $17.56 Million

August 12, 2018 - By Megan Stone

Q2 Holdings, Inc. (NYSE:QTWO) LogoInvestors sentiment increased to 1.21 in 2018 Q1. Its up 0.06, from 1.15 in 2017Q4. It is positive, as 23 investors sold QTWO shares while 43 reduced holdings. 36 funds opened positions while 44 raised stakes. 36.27 million shares or 4.91% more from 34.57 million shares in 2017Q4 were reported. Penn Cap Management Inc invested in 0.93% or 259,026 shares. Victory Capital Mngmt invested in 0.06% or 645,730 shares. Nicholas Ptnrs Lp reported 0.14% stake. Thrivent Fincl For Lutherans has 0.06% invested in Q2 Holdings, Inc. (NYSE:QTWO) for 412,333 shares. Citigroup reported 0% of its portfolio in Q2 Holdings, Inc. (NYSE:QTWO). Gilder Gagnon Howe & Communication Limited Com reported 348,525 shares. Moreover, Columbus Circle has 0.11% invested in Q2 Holdings, Inc. (NYSE:QTWO). Price T Rowe Md reported 2.11 million shares. Aperio Grp Inc holds 5,049 shares. Neuberger Berman Group Inc Limited Liability Corp owns 0% invested in Q2 Holdings, Inc. (NYSE:QTWO) for 31,200 shares. Axa has 139,846 shares for 0.03% of their portfolio. 24,017 are owned by Manufacturers Life The. Hennessy Advsrs Inc holds 0.01% or 5,000 shares in its portfolio. The California-based California Employees Retirement System has invested 0% in Q2 Holdings, Inc. (NYSE:QTWO). 112,595 were reported by Citadel Advisors Ltd Limited Liability Company.

Since February 16, 2018, it had 0 insider purchases, and 30 sales for $34.08 million activity. Shares for $1,251 were sold by DOYLE CHARLES T on Monday, March 12. $1.13 million worth of Q2 Holdings, Inc. (NYSE:QTWO) was sold by Flake Matthew P. Another trade for 3,640 shares valued at $174,720 was sold by Seale R. H.. 10,037 shares valued at $439,767 were sold by Breeden John E on Tuesday, February 20. $2.70M worth of Q2 Holdings, Inc. (NYSE:QTWO) shares were sold by MAPLES MICHAEL J. Benton Barry G sold $264,678 worth of Q2 Holdings, Inc. (NYSE:QTWO) on Tuesday, February 20.

Artisan Partners Limited Partnership increased its stake in Q2 Hldgs Inc (NYSE:QTWO) by 18.53% based on its latest 2018Q2 regulatory filing with the SEC. Artisan Partners Limited Partnership bought 308,155 shares as the company’s stock rose 21.77% while stock markets declined. The institutional investor held 1.97 million shares of the technology company at the end of 2018Q2, valued at $112.48 million, up from 1.66M at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Q2 Hldgs Inc for a number of months, seems to be bullish on the $2.57 billion market cap company. It closed at $60.5 lastly. It is down 41.92% since August 13, 2017 and is uptrending. It has outperformed by 29.35% the S&P500.

Artisan Partners Limited Partnership, which manages about $49.86B US Long portfolio, decreased its stake in News Corp New (NASDAQ:NWSA) by 731,908 shares to 9.90 million shares, valued at $153.44 million in 2018Q2, according to the filing. It also reduced its holding in Coca Cola European Partners () by 9.07M shares in the quarter, leaving it with 993,563 shares, and cut its stake in Svb Finl Group (NASDAQ:SIVB).

Artisan Partners Limited Partnership is a Wisconsin-based institutional investor with more than $105.00 billion AUM in March, 2014. Artisan Partners Limited Partnership is the 46th largest institutional investor in our database. Taken from Artisan Partners Limited latest Adv, the fund reported to have 264 full and part-time employees. Among which 65 performing investment advisory and research functions. The institutional investor had more than 200 clients.

Q2 Holdings, Inc. (NYSE:QTWO) Ratings Coverage

Among 8 analysts covering Q2 Holdings (NYSE:QTWO), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Q2 Holdings had 11 analyst reports since February 15, 2018 according to SRatingsIntel. On Friday, June 8 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Buy” rating on Monday, April 23 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, February 15 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, February 16 by Needham. The rating was maintained by Canaccord Genuity on Thursday, June 21 with “Hold”. The rating was downgraded by SunTrust on Monday, May 21 to “Hold”. BTIG Research downgraded the stock to “Neutral” rating in Friday, May 11 report. The rating was maintained by Morgan Stanley on Monday, May 7 with “Equal-Weight”. Morgan Stanley maintained Q2 Holdings, Inc. (NYSE:QTWO) on Friday, February 16 with “Equal-Weight” rating. DA Davidson maintained it with “Neutral” rating and $47 target in Friday, May 4 report.

Q2 Holdings, Inc. provides cloud-based digital banking solutions to regional and community financial institutions in the United States. The company has market cap of $2.57 billion. It offers Q2online, a browser digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform. It currently has negative earnings. The firm also provides Q2 Account Opening solution; Q2 Active/Active that operates various data centers; and Q2 Patrol, an event-driven validation product.

More recent Q2 Holdings, Inc. (NYSE:QTWO) news were published by: which released: “Q2 Holdings (QTWO) PT Raised to $70 at Needham & Company” on August 08, 2018. Also published the news titled: “Q2 Holdings, Inc., Enters Agreement to Acquire Cloud Lending, Inc.” on August 08, 2018.‘s news article titled: “Q2 Holdings’ (QTWO) CEO Matt Flake on Q2 2018 Results – Earnings Call Transcript” with publication date: August 08, 2018 was also an interesting one.

Q2 Holdings, Inc. (NYSE:QTWO) Institutional Positions Chart

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