Guardian Capital Advisors LP Increased By $865,536 Its Royal Bk Cda Montreal Que (RY) Holding, Rainier Investment Management Has Decreased Fortinet (FTNT) Position By $1.61 Million

June 19, 2017 - By Winifred Garcia

Rainier Investment Management Llc decreased Fortinet Inc (FTNT) stake by 19.07% reported in 2016Q4 SEC filing. Rainier Investment Management Llc sold 53,780 shares as Fortinet Inc (FTNT)’s stock rose 6.90%. The Rainier Investment Management Llc holds 228,280 shares with $6.88M value, down from 282,060 last quarter. Fortinet Inc now has $6.70 billion valuation. The stock rose 0.24% or $0.09 reaching $37.92. About 761,702 shares traded. Fortinet Inc (NASDAQ:FTNT) has risen 20.17% since June 19, 2016 and is uptrending. It has outperformed by 3.47% the S&P500.

Guardian Capital Advisors Lp increased Royal Bk Cda Montreal Que (RY) stake by 2.15% reported in 2016Q4 SEC filing. Guardian Capital Advisors Lp acquired 9,408 shares as Royal Bk Cda Montreal Que (RY)’s stock declined 9.02%. The Guardian Capital Advisors Lp holds 446,221 shares with $41.20M value, up from 436,813 last quarter. Royal Bk Cda Montreal Que now has $104.91 billion valuation. The stock rose 0.49% or $0.35 reaching $71.36 per share. About 618,900 shares traded. Royal Bank of Canada (NYSE:RY) has risen 16.29% since June 19, 2016 and is uptrending. It has underperformed by 0.41% the S&P500.

Rainier Investment Management Llc increased Acuity Brands Inc (NYSE:AYI) stake by 16,980 shares to 42,180 valued at $9.74 million in 2016Q4. It also upped O Reilly Automotive Inc New (NASDAQ:ORLY) stake by 1,680 shares and now owns 12,900 shares. Monster Beverage Corp New was raised too.

Among 30 analysts covering Fortinet Inc. (NASDAQ:FTNT), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Fortinet Inc. had 65 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Cowen & Co given on Thursday, March 31. Dougherty & Company maintained Fortinet Inc (NASDAQ:FTNT) on Wednesday, October 12 with “Buy” rating. The stock of Fortinet Inc (NASDAQ:FTNT) earned “Buy” rating by BMO Capital Markets on Thursday, June 1. The stock has “Market Outperform” rating by JMP Securities on Wednesday, October 12. The rating was maintained by Needham on Friday, October 28 with “Buy”. The rating was maintained by RBC Capital Markets on Friday, February 3 with “Sector Perform”. The rating was maintained by FBR Capital on Tuesday, August 25 with “Outperform”. The rating was maintained by UBS with “Buy” on Wednesday, October 12. As per Friday, October 23, the company rating was maintained by FBR Capital. The stock of Fortinet Inc (NASDAQ:FTNT) earned “Buy” rating by TheStreet on Friday, July 24.

Analysts await Fortinet Inc (NASDAQ:FTNT) to report earnings on July, 27. They expect $0.08 earnings per share, up 166.67% or $0.05 from last year’s $0.03 per share. FTNT’s profit will be $14.14M for 118.50 P/E if the $0.08 EPS becomes a reality. After $0.07 actual earnings per share reported by Fortinet Inc for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

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