Arrowgrass Capital Partners LP Trimmed Its Nice LTD (NICE) Holding as Shares Rose

October 11, 2018 - By Clifton Ray


Arrowgrass Capital Partners Lp decreased its stake in Nice Ltd (NICE) by 16.73% based on its latest 2018Q2 regulatory filing with the SEC. Arrowgrass Capital Partners Lp sold 41,206 shares as the company’s stock rose 7.15% with the market. The hedge fund held 205,120 shares of the computer manufacturing company at the end of 2018Q2, valued at $21.29 million, down from 246,326 at the end of the previous reported quarter. Arrowgrass Capital Partners Lp who had been investing in Nice Ltd for a number of months, seems to be less bullish one the $6.71 billion market cap company. The stock increased 2.22% or $2.325 during the last trading session, reaching $106.895. About 45,969 shares traded. NICE Ltd. (NASDAQ:NICE) has risen 45.44% since October 11, 2017 and is uptrending. It has outperformed by 29.82% the S&P500.

Arrowgrass Capital Partners Lp, which manages about $14.76 billion and $2.92B US Long portfolio, upped its stake in Honeywell Intl Inc (NYSE:HON) by 35,000 shares to 70,000 shares, valued at $10.08 million in 2018Q2, according to the filing. It also increased its holding in Union Pac Corp (NYSE:UNP) by 85,190 shares in the quarter, for a total of 132,500 shares, and has risen its stake in Analog Devices Inc (Put) (NASDAQ:ADI).

Analysts await NICE Ltd. (NASDAQ:NICE) to report earnings on November, 1. They expect $0.66 EPS, up 57.14 % or $0.24 from last year’s $0.42 per share. NICE’s profit will be $41.45 million for 40.49 P/E if the $0.66 EPS becomes a reality. After $0.54 actual EPS reported by NICE Ltd. for the previous quarter, Wall Street now forecasts 22.22 % EPS growth.

More news for NICE Ltd. (NASDAQ:NICE) were recently published by:, which released: “NICE Actimize Recognized as a Market Leader in Opimas Trade Surveillance Solutions Vendor Report, Citing Voice …” on October 08, 2018.‘s article titled: “NICE Recognized as Global Market Share Leader for Speech Analytics for Seventh Year in a Row” and published on October 10, 2018 is yet another important article.

NICE Ltd. (NASDAQ:NICE) Ratings Coverage

Among 5 analysts covering NICE (NASDAQ:NICE), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. NICE had 5 analyst reports since May 8, 2018 according to SRatingsIntel. Jefferies maintained the shares of NICE in report on Thursday, September 20 with “Buy” rating. JP Morgan maintained the shares of NICE in report on Friday, August 10 with “Neutral” rating.

NICE Ltd. (NASDAQ:NICE) Ratings Chart

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