Trinet Group INC (TNET) Shareholder Cantillon Capital Management LLC Increased Its Stake as Shares Rose

June 27, 2018 - By Daniel Mitchell

TriNet Group, Inc. (NYSE:TNET) Corporate Logo

In 2018Q1 Securities and Exchange filling is reported William Von Mueffling’s holdings in Trinet Group Inc (TNET) which was increased by 5.77%. 225,981 shares were bought by Cantillon Capital Management Llc as the company’s stock rose 26.36% while stock markets declined. The hedge fund run by William Von Mueffling is holding 4.14 million shares, compared to the 3.91M from the previous quarter. And the reported value of the miscellaneous company is $191.79 million for the 2018Q1. $3.80 billion is the MC of Trinet Group Inc. Ticker’s shares touched $54.1 during the last trading session after 0.80% change.TriNet Group, Inc. has volume of 140,086 shares. Since June 27, 2017 TNET has risen 70.21% and is uptrending. TNET outperformed by 57.64% the S&P 500.

About $12.49 billion and $8.80B US Long portfolio Cantillon Capital Management Llc manages. It decreased its stake in American Tower Corp New (NYSE:AMT) by 45,629 shares to 2.38 million shares, valued at $346.55 million in 2018Q1, according to the filing. Cantillon Capital Management Llc has cut its stake in Agilent Technologies Inc (NYSE:A) and also reduced its holding in Zoetis Inc (NYSE:ZTS) by 875,044 shares in the quarter, for a total of 4.13M shares.

More recent TriNet Group, Inc. (NYSE:TNET) news were released by Streetinsider.com, Twst.com and Streetinsider.com. The first one has “Europe’s banks and industrials stocks sink as trade dispute deepens” as a title and was released on June 25, 2018. The next is “TriNet Group Inc.: TriNet Announces Senior Secured Credit Facility Refinancing” on June 22, 2018. And last was released on June 25, 2018, called “Trade war sell-off hits European shares hard”.

TriNet Group, Inc. (NYSE:TNET) Ratings Coverage

Total analysts of 2 have positions in Trinet Group (NYSE:TNET) as follows: 1 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 50%. Since February 28, 2018 according to StockzIntelligence Inc Trinet Group has 5 analyst reports. On Tuesday, May 1 Morgan Stanley maintained the shares of TNET in report with “Equal-Weight” rating. On Thursday, April 12 the rating was maintained by Stifel Nicolaus with “Buy”. On Tuesday, May 1 Stifel Nicolaus maintained TriNet Group, Inc. (NYSE:TNET) rating. Stifel Nicolaus has “Buy” rating and $64 target. On Wednesday, April 4 the company was upgraded by Morgan Stanley. On Wednesday, February 28 Stifel Nicolaus maintained TriNet Group, Inc. (NYSE:TNET) with “Buy” rating.

TriNet Group, Inc. (NYSE:TNET) Analyst Ratings Chart

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