Fortinet (FTNT) Holder Picton Mahoney Asset Management Decreased Position as Share Value Rose; Summit Securities Group Cut Its American Tower New (Call) (AMT) Holding by $21.55 Million as Shares Rose

February 15, 2018 - By Vivian Currie

Picton Mahoney Asset Management decreased its stake in Fortinet Inc (FTNT) by 70.34% based on its latest 2017Q3 regulatory filing with the SEC. Picton Mahoney Asset Management sold 234,300 shares as the company’s stock rose 6.90% with the market. The institutional investor held 98,800 shares of the technology company at the end of 2017Q3, valued at $3.54 million, down from 333,100 at the end of the previous reported quarter. Picton Mahoney Asset Management who had been investing in Fortinet Inc for a number of months, seems to be less bullish one the $8.41B market cap company. The stock increased 0.54% or $0.26 during the last trading session, reaching $48.38. About 1.57M shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 20.17% since February 15, 2017 and is uptrending. It has outperformed by 3.47% the S&P500.

Summit Securities Group Llc decreased its stake in American Tower Corp New (Call) (AMT) by 98.44% based on its latest 2017Q3 regulatory filing with the SEC. Summit Securities Group Llc sold 1,575 shares as the company’s stock rose 18.69% with the market. The institutional investor held 25 shares of the real estate investment trusts company at the end of 2017Q3, valued at $342,000, down from 1,600 at the end of the previous reported quarter. Summit Securities Group Llc who had been investing in American Tower Corp New (Call) for a number of months, seems to be less bullish one the $58.10B market cap company. The stock decreased 0.61% or $0.83 during the last trading session, reaching $135.48. About 4.83M shares traded or 98.79% up from the average. American Tower Corporation (NYSE:AMT) has risen 23.66% since February 15, 2017 and is uptrending. It has outperformed by 6.96% the S&P500.

Among 36 analysts covering Fortinet Inc. (NASDAQ:FTNT), 23 have Buy rating, 1 Sell and 12 Hold. Therefore 64% are positive. Fortinet Inc. had 110 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Wednesday, October 18. On Monday, May 29 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Buy” rating given on Thursday, July 23 by Wunderlich. The company was maintained on Friday, October 23 by FBR Capital. The rating was upgraded by Cowen & Co to “Market Perform” on Monday, December 14. The rating was upgraded by Pacific Crest to “Overweight” on Tuesday, August 30. The firm has “Sector Perform” rating given on Wednesday, January 27 by RBC Capital Markets. The stock of Fortinet, Inc. (NASDAQ:FTNT) earned “Outperform” rating by Wells Fargo on Thursday, September 17. On Monday, October 24 the stock rating was initiated by First Analysis with “Equal-Weight”. The stock of Fortinet, Inc. (NASDAQ:FTNT) earned “Hold” rating by Deutsche Bank on Tuesday, January 23.

Picton Mahoney Asset Management, which manages about $1.33B US Long portfolio, upped its stake in Sba Communications Corp New by 11,700 shares to 97,300 shares, valued at $14.01 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (TLT) by 2,500 shares in the quarter, for a total of 19,200 shares, and has risen its stake in Bank Amer Corp (NYSE:BAC).

Summit Securities Group Llc, which manages about $586.75 million US Long portfolio, upped its stake in Wells Fargo Co New (NYSE:WFC) by 14,392 shares to 14,700 shares, valued at $811,000 in 2017Q3, according to the filing. It also increased its holding in International Business Machs (Call) (NYSE:IBM) by 204 shares in the quarter, for a total of 450 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.04, from 1.16 in 2017Q2. It increased, as 36 investors sold AMT shares while 287 reduced holdings. 102 funds opened positions while 287 raised stakes. 378.31 million shares or 1.55% less from 384.25 million shares in 2017Q2 were reported. Pennsylvania Tru holds 172,896 shares. Johnson Inv Counsel has invested 0.04% in American Tower Corporation (NYSE:REIT). M&T Financial Bank owns 315,746 shares. Gsa Cap Prns Limited Liability Partnership holds 12,452 shares or 0.12% of its portfolio. Alliancebernstein LP holds 0.08% of its portfolio in American Tower Corporation (NYSE:REIT) for 780,752 shares. Jane Street Gp Llc holds 87,568 shares or 0.04% of its portfolio. Trust Inv Advsr Ltd Co reported 25,529 shares. Fragasso Gru has invested 0.5% in American Tower Corporation (NYSE:REIT). 1,800 are owned by Murphy Capital Mgmt. Numeric Ltd Liability Corp accumulated 6,100 shares or 0.01% of the stock. Union National Bank has 2,102 shares for 0.1% of their portfolio. Macquarie Grp Inc holds 773,111 shares. Solaris Asset Mngmt Ltd Com holds 3,471 shares or 0.28% of its portfolio. Adell Harriman Carpenter Inc holds 2.28% in American Tower Corporation (NYSE:REIT) or 76,201 shares. Middleton Communications Ma invested in 70,843 shares.

Among 19 analysts covering American Tower Corporation (NYSE:AMT), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. American Tower Corporation had 68 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of American Tower Corporation (NYSE:REIT) has “Overweight” rating given on Wednesday, October 7 by JP Morgan. As per Wednesday, December 6, the company rating was maintained by SunTrust. The rating was maintained by Argus Research on Thursday, August 3 with “Buy”. The stock of American Tower Corporation (NYSE:REIT) earned “Outperform” rating by RBC Capital Markets on Monday, May 2. On Monday, November 2 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Monday, October 2 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Friday, July 28, the company rating was maintained by Cowen & Co. Oppenheimer maintained the stock with “Buy” rating in Tuesday, August 8 report. The rating was upgraded by Zacks to “Hold” on Wednesday, August 12. Macquarie Research maintained American Tower Corporation (NYSE:REIT) on Friday, July 28 with “Buy” rating.

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