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WK

Workiva's shares dropped following the announcement of its Q4 financial results and the issuance of its future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:23 pm

NVDA

Bill Baruch, a notable investor, announced live on CNBC that he has trimmed his position in NVIDIA (NVDA), a leading technology company known for its graphics processing units (GPUs).

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:19 pm

ADI

Analog Devices, Inc (NASDAQ:ADI) reported Q1 fiscal 2024 results with a revenue decline of 22.7% Y/Y to $2.513 billion, slightly beating consensus. Adjusted EPS was $1.73, above the consensus of $1.71. The company saw a decline in Industrial and Communications revenue, but Automotive revenue grew by 9% Y/Y. The adjusted gross and operating margins declined due to lower revenue. The quarterly dividend was raised by 7% to $0.92 per share. The outlook for Q2 revenue and adjusted EPS is below consensus. ADI's stock traded higher by 1.66% to $192.49, with an average 1-year price target of $201.0.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 5:17 pm

ZS

Significant bearish options activity has been observed in Zscaler (NASDAQ:ZS), with a notable volume of puts and calls indicating a bearish sentiment among big-money traders. The options activity suggests a price target range of $125 to $350 for ZS. Despite this, Zscaler's stock is currently down by -14.36%, trading at $213.27, with an earnings announcement expected in 8 days. Analyst ratings in the last month have varied, with an average target price of $241.8.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:16 pm

UNH

UnitedHealth Group (NYSE:UNH) has seen unusual options activity, with a bullish sentiment from significant investors. Benzinga's options scanner revealed 9 transactions, predominantly bullish. The focus is on a price range of $500.0 to $650.0. UNH's current stock price is $524.02, with an RSI indicating potential overbought status. Analysts have a consensus target price of $605.0, with Stephens & Co. recently lowering its rating to Overweight.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:16 pm

PYPL

Recent unusual options activity in PayPal Holdings (NASDAQ:PYPL) indicates a predominantly bearish sentiment among big-money traders, with a split of 31% bullish and 68% bearish. Benzinga's options scanner revealed 32 uncommon trades, including 8 puts and 24 calls, targeting a price range of $37.5 to $100.0 for PYPL over the last 3 months. The most significant options spotted include a bullish call with a strike price of $60.00 expiring on 01/16/26, among others. PayPal, known for its electronic payment solutions and owning Venmo, saw its stock price decrease by -0.9%, with a current price of $58.1.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:16 pm

IXHL

Trading of Incannex Healthcare shares has resumed. This development could indicate a resolution to any issues that led to the trading halt, potentially impacting investor sentiment and the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:09 pm

XEL

Xcel Energy Inc. (NASDAQ:XEL) has increased its quarterly dividend from $0.52 to $0.5475 per share, marking a 5.3% increase and the twenty-first consecutive year of dividend growth. The new annual dividend rate is $2.19 per share, with dividends payable on April 20, 2024, to shareholders of record as of March 15, 2024. The company also targets a long-term dividend payout ratio of 50-60% and aims for 5-7% annual growth in dividend and earnings per share.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:09 pm

SONY

FromSoftware Inc.'s Elden Ring DLC, 'Shadow of the Erdtree,' is set to release on June 21, promising an expansive addition to the game. Available on multiple platforms, this DLC is described as the developer's largest expansion, featuring new enemies and locations. The release is anticipated to be significant for Sony Group Corp. (NYSE:SONY), given the game's previous success and the addition of new content such as ray tracing and a mobile game spinoff. Elden Ring has sold over 20 million copies and received numerous awards.

Portfolio Pulse from Franca Quarneti

February 21, 2024 | 5:06 pm

SKWD

JMP Securities analyst Matthew Carletti has maintained a Market Outperform rating on Skyward Specialty (NASDAQ:SKWD) and increased the price target from $38 to $40.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:05 pm