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

August 12, 2018 - By Darrel Chase

Q2 Holdings, Inc. (NYSE:QTWO) LogoInvestors sentiment increased to 1.21 in Q1 2018. Its up 0.06, from 1.15 in 2017Q4. It increased, 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. Moreover, Loomis Sayles And Ltd Partnership has 0.07% invested in Q2 Holdings, Inc. (NYSE:QTWO) for 740,746 shares. Arrowgrass Cap Prns (Us) Limited Partnership holds 0.04% or 23,416 shares. Neuberger Berman Gru Ltd Liability Corp holds 31,200 shares or 0% of its portfolio. Needham Inv Mgmt Limited Liability Corp has invested 0.42% in Q2 Holdings, Inc. (NYSE:QTWO). Gilder Gagnon Howe Company Limited Liability Company, a New York-based fund reported 348,525 shares. Jennison Assoc Ltd Liability Corp invested 0.02% of its portfolio in Q2 Holdings, Inc. (NYSE:QTWO). Aqr Cap Management has 0% invested in Q2 Holdings, Inc. (NYSE:QTWO). Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0.01% invested in Q2 Holdings, Inc. (NYSE:QTWO). Sei Investments Communications stated it has 0% in Q2 Holdings, Inc. (NYSE:QTWO). Thrivent For Lutherans reported 412,333 shares. Los Angeles Capital Mgmt Equity reported 11,181 shares. Credit Suisse Ag has invested 0% in Q2 Holdings, Inc. (NYSE:QTWO). Jpmorgan Chase accumulated 2.85M shares. Numerixs Investment Techs holds 0.02% of its portfolio in Q2 Holdings, Inc. (NYSE:QTWO) for 1,800 shares. Koch Industries Incorporated holds 9,687 shares.

Since February 16, 2018, it had 0 buys, and 30 insider sales for $34.08 million activity. $986,200 worth of Q2 Holdings, Inc. (NYSE:QTWO) was sold by Flake Matthew P. 47,099 shares were sold by MAPLES MICHAEL J, worth $2.70M on Wednesday, May 23. The insider Wittenburg Odus Edward Jr sold $1.15M. 39,440 shares were sold by Seale R. H., worth $1.87M on Wednesday, March 14. Blue Adam D also sold $557,918 worth of Q2 Holdings, Inc. (NYSE:QTWO) on Tuesday, February 20. On Monday, June 11 DOYLE CHARLES T sold $1,542 worth of Q2 Holdings, Inc. (NYSE:QTWO) or 26 shares.

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 1.97M shares of the technology company at the end of 2018Q2, valued at $112.48M, 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 $2.57B 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 Cigna Corporation (NYSE:CI) by 282,042 shares to 638,406 shares, valued at $108.50M in 2018Q2, according to the filing. It also reduced its holding in Edwards Lifesciences Corp (NYSE:EW) by 111,020 shares in the quarter, leaving it with 1.78M shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

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. The company was maintained on Friday, May 4 by DA Davidson. The firm has “Buy” rating given on Monday, April 23 by RBC Capital Markets. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, May 4 report. Canaccord Genuity maintained the stock with “Hold” rating in Thursday, June 21 report. The stock of Q2 Holdings, Inc. (NYSE:QTWO) earned “Neutral” rating by BTIG Research on Friday, May 11. The stock of Q2 Holdings, Inc. (NYSE:QTWO) has “Equal-Weight” rating given on Friday, February 16 by Morgan Stanley. The stock of Q2 Holdings, Inc. (NYSE:QTWO) earned “Buy” rating by Stifel Nicolaus on Friday, June 8. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, February 15. The stock of Q2 Holdings, Inc. (NYSE:QTWO) has “Equal-Weight” rating given on Monday, May 7 by Morgan Stanley. The rating was downgraded by SunTrust on Monday, May 21 to “Hold”.

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

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.