Wipro Limited $WIT Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its stake in shares of Wipro Limited (NYSE:WIT) by 592.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 99,117 shares of the information technology services provider’s stock after buying an additional 84,813 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Wipro were worth $299,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Barings LLC boosted its holdings in Wipro by 19.4% in the second quarter. Barings LLC now owns 32,833 shares of the information technology services provider’s stock valued at $99,000 after acquiring an additional 5,329 shares during the last quarter. Enterprise Financial Services Corp increased its stake in Wipro by 33.8% during the second quarter. Enterprise Financial Services Corp now owns 36,893 shares of the information technology services provider’s stock worth $111,000 after acquiring an additional 9,312 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Wipro by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 2,308,388 shares of the information technology services provider’s stock worth $6,971,000 after purchasing an additional 377,757 shares during the period. Legal & General Group Plc lifted its stake in shares of Wipro by 14.5% in the 2nd quarter. Legal & General Group Plc now owns 121,521 shares of the information technology services provider’s stock valued at $368,000 after purchasing an additional 15,433 shares in the last quarter. Finally, MAI Capital Management purchased a new stake in shares of Wipro during the 2nd quarter worth about $205,000. 2.36% of the stock is owned by hedge funds and other institutional investors.

Wipro Stock Up 1.3%

Shares of NYSE:WIT opened at $2.73 on Friday. The company has a market capitalization of $28.54 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 16.16 and a beta of 1.02. The company has a 50 day moving average of $2.67 and a two-hundred day moving average of $2.80. Wipro Limited has a 52-week low of $2.55 and a 52-week high of $3.79.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WIT shares. Weiss Ratings restated a “hold (c)” rating on shares of Wipro in a report on Thursday, October 30th. CLSA lowered shares of Wipro from an “outperform” rating to a “hold” rating in a research report on Monday, October 20th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

About Wipro

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises.