Worldwide

Fortinet's (NASDAQ:FTNT) "Market Perform" Rating Reaffirmed at Raymond James Financial

The institutional investor held 264,612 shares of the technology company at the end of 2017Q3, valued at $9.48 million, up from 135,864 at the end of the previous reported quarter.

Several large investors have recently modified their holdings of the company. Broadview Advisors LLC now owns 199,145 shares of the software maker's stock worth $7,456,000 after acquiring an additional 1,100 shares during the last quarter. Teachers Retirement System of The State of Kentucky now owns 29,690 shares of the software maker's stock worth $1,112,000 after purchasing an additional 1,300 shares during the period. Mastercard Incorporated (NYSE:MA) has risen 24.16% since February 4, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.

American Capital Management Inc increased its stake in Fortinet (FTNT) by 10.47% based on its latest 2017Q3 regulatory filing with the SEC. Quentec Asset Management Llc sold 170,000 shares as the company's stock rose 6.90% with the market. The institutional investor held 4,761 shares of the computer manufacturing company at the end of 2017Q3, valued at $702,000, down from 7,210 at the end of the previous reported quarter. The stock has a market cap of $7,815.07, a PE ratio of 93.63, a P/E/G ratio of 4.59 and a beta of 0.86. The stock decreased 2.03% or $0.93 during the last trading session, reaching $44.94. Also, insider Keith Jensen sold 1,850 shares of the company's stock in a transaction dated Wednesday, November 8th. It has outperformed by 3.47% the S&P500. Fortinet Inc has a 52 week low of $35.44 and a 52 week high of $46.43. Therefore 66% are positive. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/04/state-of-alaska-department-of-revenue-buys-new-position-in-fortinet-inc-ftnt.html. Citigroup lowered Fortinet from an "outperform" rating to a "market perform" rating in a research note on Friday, January 26th. Finally, BidaskClub upgraded shares of Fortinet from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 13th. The firm has "Buy" rating by Oppenheimer given on Wednesday, June 21. RBC Capital Markets maintained Fortinet, Inc. The firm earned "Market Perform" rating on Tuesday, July 19 by Bernstein. Topeka Capital Markets has "Hold" rating and $46 target. As per Thursday, February 1, the company rating was maintained by RBC Capital Markets. The firm has "Buy" rating given on Friday, January 19 by Stifel Nicolaus. Needham maintained Fortinet, Inc. The rating was upgraded by JP Morgan to "Overweight" on Thursday, July 23. Ropes Wealth Advisors LLC now owns 5,935 shares of the software maker's stock worth $213,000 after purchasing an additional 1,325 shares during the period. It also reduced its holding in Quest Diagnostics Inc (NYSE:DGX) by 42,679 shares in the quarter, leaving it with 103,882 shares, and cut its stake in Sanmina Corporation (NASDAQ:SANM). Its down 0.08, from 1.21 in 2017Q2. It increased, as 70 investors sold IBM shares while 676 reduced holdings. 106 funds opened positions while 620 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Intact Invest Management invested in 0.88% or 567,300 shares. Nordea Investment Management owns 86,593 shares. (NYSE:FE). 12,635 are held by Neuberger Berman Ltd Liability Corp. Schaper Benz And Wise Invest Counsel Wi owns 43,088 shares or 0.97% of their United States portfolio. Clearbridge Ltd Llc holds 0% or 3,372 shares.

Want to see what other hedge funds are holding FTNT? (NYSE:FE) for 942,200 shares. Headinvest Lc has invested 0.33% in Pfizer Inc. (NYSE:FE). Bank & Trust Of Montreal Can, Ontario - Canada-based fund reported 452,193 shares. Assetmark Inc owns 2,277 shares or 0% of their U.S. portfolio. Riggs Asset Managment has 0.04% invested in Pfizer Inc.

More news: Sinn Féin's Gerry Kelly removed wheel clamp at gym, party confirms

Scoria Capital Partners Lp, which manages about $466.06M and $89.07 million US Long portfolio, upped its stake in Cme Group Inc (NASDAQ:CME) by 6,746 shares to 22,900 shares, valued at $3.11M in 2017Q3, according to the filing. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Therefore 39% are positive. FirstEnergy had 72 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 27 by Piper Jaffray. The stock of FirstEnergy Corp. The stock has "Market Outperform" rating by JMP Securities on Wednesday, October 12. IBC downgraded the shares of FE in report on Friday, November 6 to "Sector Underperform" rating. FBR Capital maintained the stock with "Outperform" rating in Tuesday, August 25 report. The stock has "Hold" rating by Mizuho on Wednesday, October 11. (NASDAQ:FTNT) rating on Sunday, September 3. The rating was maintained by RBC Capital Markets on Thursday, October 12 with "Hold".

Analysts await FirstEnergy Corp. The business is scheduled to issue its next earnings report after the market closes on Monday, February 5th.

Analysts expect Inter Pipeline Ltd. (TSE:IPL) to report $0.40 EPS on February, 15.They anticipate $0.05 EPS change or 14.29% from last quarter's $0.35 EPS.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Like this

loading...
loading...

Latest


12 May 2020
Canada’s entertainment industry is losing millions due to the coronavirus pandemic
It was supposed to be opened sometime in 2021, but there is expected to now be a significant delay in this timeline. Another significant effect of the crisis has been to stall existing construction projects.

05 February 2018
Investors Buy Cisco Systems (CSCO) on Weakness
It increased, as 73 investors sold MDT shares while 392 reduced holdings. 107 funds opened positions while 619 raised stakes. Barrow Hanley Mewhinney Strauss Lc owns 3.17 million shares. ( NASDAQ CSCO ) traded down $0.77 on Friday, hitting $40.93.

04 February 2018
Oppenheimer Reiterates "Buy" Rating for Starbucks (SBUX)
Ledyard National Bank decreased Suntrust Banks Inc (NYSE:STI) stake by 5,720 shares to 156,806 valued at $9.37 million in 2017Q3. The coffee company reported $0.58 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.57 by $0.01.

04 February 2018
Actor Arielle Kebbel's sister Julia Kebbel is missing
TV and film actress Arielle Kebbel is reaching out to the internet world for help finding her missing sister, Julia Kebbel . If you have seen her or know anything about her, pls DM me, contact the police or pls call Dennis at 407-739-8991.

04 February 2018
Pursuit of Antonio Conte's successor continues as shortlisted manager snubs Chelsea
Under-pressure Conte recently reiterated his desire to see out his Blues deal - which has another 18 months to run . They have also earmarked former Barcelona manager Luis Enrique as a possible replacement for Conte.

04 February 2018
Verizon Communications Inc. (VZ) Shares Sold by Skba Capital Management LLC
The rating was maintained by SunTrust with "Hold" on Tuesday, January 23. (NASDAQ:FB) on Wednesday, October 11 with "Buy" rating. It dived, as 45 investors sold TWTR shares while 110 reduced holdings. 68 funds opened positions while 131 raised stakes.

04 February 2018
Public Storage (PSA) EPS Estimated At $2.71
The firm has a market capitalization of $33,120.00, a price-to-earnings ratio of 27.82, a P/E/G ratio of 3.75 and a beta of 0.31. Following the sale, the director now directly owns 8,350 shares of the company's stock, valued at approximately $1,770,951.50.

04 February 2018
Kim Cattrall says brother Christopher has been missing since Tuesday
The Sex and the City actress says he has been missing from his Lacombe home in Alberta since January 30. The Royal Canadian Mounted Police also shared a missing-person release on Christopher Cattrall .

04 February 2018
Non-veg food NOT banned, says IIT Bombay
The institue had also instructed the students to use separate plates for non-vegetarian food in the hostel mess of IIT-Bombay. The notice also states that no cooking is allowed in the area allotted to the café as it is set-up in the academic section.

13 September 2017
Casino "SL Casino Riga" of Storm International chain to open in Riga
Guests could relax playing the most popular slots, roulette and video poker, as well as enjoy original entertaining show programs. The interiors are made in soft colors and the muffled lighting is done to create an atmosphere of luxury and relaxation.