Squarepoint trims ADT stake as Morgan Stanley raises target
Squarepoint Ops LLC reduced its ADT holdings by 38.7% after selling 816,209 shares, while IFP Advisors increased its stake to 3,997 shares. Morgan Stanley raised its ADT target price from $7.50 to $7.75 and assigned an equal weight rating. ADT reported quarterly EPS of $0.23, beating consensus, and announced a quarterly dividend payable Oct. 1.