The director of Independent Bank Group, Inc. (IBTX), Douglas Cifu Unloaded 40,542 Shares of the Company; Shorts at Avid Technology (AVID) Lowered By 10.43%

Avid Technology Inc (NASDAQ:AVID) had a decrease of 10.43% in short interest. AVID’s SI was 4.71 million shares in March as released by FINRA. Its down 10.43% from 5.26M shares previously. With 420,400 avg volume, 11 days are for Avid Technology Inc (NASDAQ:AVID)’s short sellers to cover AVID’s short positions. The SI to Avid Technology Inc’s float is 14.35%. The stock increased 3.29% or $0.16 during the last trading session, reaching $5.02. About 118,490 shares traded. Avid Technology, Inc. (NASDAQ:AVID) has declined 5.06% since March 6, 2017 and is downtrending. It has underperformed by 21.76% the S&P500.

Looking at the stocks unload Douglas Cifu made he is in the spotlight today. The director of Independent Bank Group Inc and an insider, sold 40,542 shares worth $2,920,580 US Dollars. The average price was $72.0 per share. The prospect that the trade stays unseen is very low because of the substantial amount of money involved. Currently, Douglas Cifu owns 61,079 shares which are equivalent to around 0.22% of the Company’s total market capitalization.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $206.75 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.55, from 1.55 in 2017Q2. It dived, as 14 investors sold Avid Technology, Inc. shares while 23 reduced holdings. 14 funds opened positions while 23 raised stakes. 28.25 million shares or 1.15% less from 28.58 million shares in 2017Q2 were reported. 409 were reported by Next Finance Group Incorporated. Tower Cap Limited Liability (Trc) holds 0% or 3,595 shares. Gsa Prns Llp, a United Kingdom-based fund reported 255,947 shares. Gabelli Funds Lc invested 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). S Squared Ltd Co reported 0.19% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Blum Capital Ltd Partnership has invested 100% in Avid Technology, Inc. (NASDAQ:AVID). Eaton Vance Mgmt reported 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). First Quadrant Lp Ca has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Rhumbline Advisers invested in 39,502 shares or 0% of the stock. Parametric Limited Liability holds 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID) for 187,516 shares. 22,945 are held by D E Shaw. Wells Fargo & Mn accumulated 69,542 shares or 0% of the stock. Oppenheimer Asset holds 0.02% or 199,265 shares in its portfolio. Schwab Charles Mngmt reported 97,946 shares or 0% of all its holdings. Zebra Llc reported 13,086 shares.

Among 4 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Avid Technology had 6 analyst reports since August 11, 2015 according to SRatingsIntel. As per Wednesday, December 9, the company rating was initiated by Singular Research. The company was downgraded on Thursday, December 7 by Dougherty. The rating was downgraded by BWS Financial on Thursday, November 10 to “Hold”. The firm has “Buy” rating by BWS Financial given on Wednesday, November 11. The firm earned “Buy” rating on Tuesday, August 11 by Dougherty & Company.

Since October 13, 2017, it had 0 insider purchases, and 6 sales for $4.67 million activity. Brooks Daniel W also sold $328,950 worth of Independent Bank Group, Inc. (NASDAQ:IBTX) shares. Shares for $487,500 were sold by Hobart Brian E.

Investors sentiment decreased to 1.4 in Q3 2017. Its down 0.27, from 1.67 in 2017Q2. It turned negative, as 14 investors sold Independent Bank Group, Inc. shares while 26 reduced holdings. 18 funds opened positions while 38 raised stakes. 11.24 million shares or 4.16% more from 10.79 million shares in 2017Q2 were reported. Utd Financial Advisers Lc holds 0% or 7,969 shares. Retail Bank Of Montreal Can has 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). Atlantic Gru Ltd Liability Co stated it has 338,054 shares. Fred Alger Mngmt Inc reported 229,286 shares. Moreover, Dupont Capital Mgmt has 0.01% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). 13,216 are owned by Susquehanna Llp. Moreover, Nuveen Asset Ltd Liability Company has 0.01% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). Brinker Capital has 0.01% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). Citadel Advsr has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Goldman Sachs Gru holds 706,224 shares or 0.01% of its portfolio. Amer Gp invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Putnam Investments Ltd Liability Corp accumulated 75,600 shares or 0.01% of the stock. Great West Life Assurance Can invested in 0% or 1,232 shares. Price T Rowe Md holds 0.01% or 828,330 shares in its portfolio. Castle Creek Cap Prtnrs Iv Limited Partnership holds 15.16% in Independent Bank Group, Inc. (NASDAQ:IBTX) or 342,532 shares.

Analysts await Independent Bank Group, Inc. (NASDAQ:IBTX) to report earnings on April, 23. They expect $1.09 EPS, up 29.76% or $0.25 from last year’s $0.84 per share. IBTX’s profit will be $30.89M for 16.61 P/E if the $1.09 EPS becomes a reality. After $0.90 actual EPS reported by Independent Bank Group, Inc. for the previous quarter, Wall Street now forecasts 21.11% EPS growth.

The stock decreased 0.34% or $0.25 during the last trading session, reaching $72.4. About 137,774 shares traded or 23.46% up from the average. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 64.06% since March 6, 2017 and is uptrending. It has outperformed by 47.36% the S&P500.

Among 11 analysts covering Independent Bank Group Inc (NASDAQ:IBTX), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Independent Bank Group Inc has $84.0 highest and $35 lowest target. $71.11’s average target is -1.78% below currents $72.4 stock price. Independent Bank Group Inc had 35 analyst reports since August 4, 2015 according to SRatingsIntel. On Wednesday, July 26 the stock rating was upgraded by Keefe Bruyette & Woods to “Buy”. The rating was maintained by Stephens with “Buy” on Tuesday, June 20. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Hold” rating by SunTrust on Tuesday, November 28. The firm has “Buy” rating by Evercore given on Thursday, June 9. Keefe Bruyette & Woods maintained Independent Bank Group, Inc. (NASDAQ:IBTX) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $84.0 target. The company was maintained on Friday, September 1 by Piper Jaffray. The firm has “Buy” rating given on Wednesday, November 29 by Raymond James. Piper Jaffray upgraded Independent Bank Group, Inc. (NASDAQ:IBTX) on Monday, April 25 to “Overweight” rating. The firm earned “Buy” rating on Wednesday, November 29 by Keefe Bruyette & Woods. The company was maintained on Thursday, February 1 by Hovde Group.

Independent Bank Group, Inc. operates as the bank holding firm for Independent Bank that provides a range of commercial banking services and products to businesses, professionals, and individuals in the United States. The company has market cap of $2.05 billion. It offers various deposit products, including checking and savings accounts, demand accounts, money market accounts, and certificates of deposit, as well as individual retirement accounts. It has a 24.38 P/E ratio. The firm also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment financing, and lines of credit and energy related loans; agricultural loans for farmers and ranchers; consumer loans, such as installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages.