Odey Asset Management Group LTD Lifted By $15.60 Million Its Sprint (S) Position; Profile of 21 Analysts Covering Fortinet, Inc. (FTNT)

April 17, 2018 - By Linda Rogers

Fortinet, Inc. (NASDAQ:FTNT) Logo

Odey Asset Management Group Ltd increased Sprint Corp (S) stake by 34.54% reported in 2017Q4 SEC filing. Odey Asset Management Group Ltd acquired 3.12M shares as Sprint Corp (S)’s stock declined 13.30%. The Odey Asset Management Group Ltd holds 12.15M shares with $71.58M value, up from 9.03M last quarter. Sprint Corp now has $23.92B valuation. The stock increased 2.14% or $0.125 during the last trading session, reaching $5.975. About 10.09M shares traded. Sprint Corporation (NYSE:S) has declined 41.01% since April 17, 2017 and is downtrending. It has underperformed by 52.56% the S&P500.

Among 36 analysts covering Fortinet Inc. (NASDAQ:FTNT), 21 have Buy rating, 1 Sell and 14 Hold. Therefore 58% are positive. Fortinet Inc. had 120 analyst reports since July 23, 2015 according to SRatingsIntel. On Wednesday, October 12 the stock rating was maintained by Citigroup with “Neutral”. JMP Securities maintained the shares of FTNT in report on Wednesday, October 12 with “Market Outperform” rating. The firm earned “Outperform” rating on Thursday, September 17 by Wells Fargo. The rating was downgraded by Raymond James on Friday, January 26 to “Hold”. The firm has “Buy” rating by Piper Jaffray given on Wednesday, February 28. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, February 6. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, September 20. The firm earned “Sector Perform” rating on Wednesday, January 27 by RBC Capital Markets. The company was maintained on Monday, February 5 by Oppenheimer. PiperJaffray upgraded Fortinet, Inc. (NASDAQ:FTNT) on Friday, February 3 to “Overweight” rating. See Fortinet, Inc. (NASDAQ:FTNT) latest ratings:

16/04/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $45 New Target: $56 Maintain
11/04/2018 Broker: Stephens Rating: Hold New Target: $55.0000 Maintain
11/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Old Target: $53 Downgrade
28/03/2018 Broker: BMO Capital Markets Rating: Buy New Target: $58.0000 Maintain
21/03/2018 Broker: UBS Rating: Buy New Target: $62.0
19/03/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Sector Weight Downgrade
28/02/2018 Broker: Cowen & Co Rating: Buy New Target: $53.0 Maintain
28/02/2018 Broker: Northland Capital Rating: Buy New Target: $60.0 Maintain
01/03/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $55.0 Maintain
28/02/2018 Broker: Piper Jaffray Rating: Buy New Target: $57.0 Maintain

Odey Asset Management Group Ltd decreased Bank Amer Corp (NYSE:BAC) stake by 996,236 shares to 534,064 valued at $15.77M in 2017Q4. It also reduced Alphabet Inc stake by 476 shares and now owns 5,754 shares. Charter Communications Inc N was reduced too.

Since December 13, 2017, it had 8 insider purchases, and 1 sale for $207.89 million activity. Another trade for 1.01 million shares valued at $5.58 million was bought by SOFTBANK GROUP CORP. SCHIEBER PAUL W JR had sold 144,041 shares worth $827,487 on Wednesday, December 13.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.13, from 0.86 in 2017Q3. It increased, as 40 investors sold S shares while 90 reduced holdings. 43 funds opened positions while 86 raised stakes. 528.93 million shares or 3.13% less from 546.02 million shares in 2017Q3 were reported. Personal Advsr has invested 0.1% in Sprint Corporation (NYSE:S). Metropolitan Life Insurance New York holds 0% in Sprint Corporation (NYSE:S) or 18,190 shares. Robeco Institutional Asset Management Bv holds 84,098 shares or 0% of its portfolio. Bb&T Corporation holds 0% or 13,073 shares. Profund Advisors Limited Com holds 0.02% or 88,784 shares. Weiss Multi reported 550,000 shares or 0.08% of all its holdings. 438,100 are held by Hennessy Advisors. Bp Public Limited Com has invested 0.01% in Sprint Corporation (NYSE:S). Northwestern Mutual Wealth Mngmt Communication holds 0% of its portfolio in Sprint Corporation (NYSE:S) for 2,628 shares. Perigon Wealth Management Ltd Limited Liability Company reported 0% in Sprint Corporation (NYSE:S). The Minnesota-based Us Comml Bank De has invested 0% in Sprint Corporation (NYSE:S). 229,692 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Menta Cap Limited Co owns 63,778 shares. 10,509 are held by Chevy Chase Trust Hldg. Advisory Service Inc owns 10,707 shares or 0.02% of their US portfolio.

Among 29 analysts covering Sprint Nextel Corporation (NYSE:S), 4 have Buy rating, 9 Sell and 16 Hold. Therefore 14% are positive. Sprint Nextel Corporation had 82 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Macquarie Research given on Tuesday, January 23. The company was maintained on Monday, February 5 by RBC Capital Markets. Cowen & Co maintained the shares of S in report on Wednesday, August 5 with “Market Perform” rating. The firm earned “Underperform” rating on Monday, February 5 by Bank of America. On Wednesday, October 19 the stock rating was maintained by FBR Capital with “Outperform”. The rating was upgraded by KeyBanc Capital Markets on Friday, February 2 to “Hold”. The stock has “Hold” rating by Deutsche Bank on Tuesday, October 10. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Monday, February 5. The firm earned “Hold” rating on Friday, November 6 by HSBC. As per Tuesday, July 26, the company rating was maintained by UBS.

The stock increased 1.06% or $0.6 during the last trading session, reaching $57.36. About 618,277 shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 46.75% since April 17, 2017 and is uptrending. It has outperformed by 35.20% the S&P500.

Fortinet, Inc. provides cybersecurity solutions for enterprises, service providers, and government organizations worldwide. The company has market cap of $9.64 billion. The firm offers FortiGate physical and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network acceleration; FortiManager product family to provide a central management solution for FortiGate products comprising software updates, configuration, policy settings, and security updates; and the FortiAnalyzer product family, which offers a single point of network log data collection. It has a 318.67 P/E ratio. It also provides FortiAP secure wireless access points; FortiWeb, a Web application firewall; FortiMail email security; FortiDB database security appliances; FortiClient, an endpoint security software; and FortiSwitch secure switch connectivity products.

Sprint Corporation (NYSE:S) Institutional Positions Chart

Echostar Corporation-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 FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>