As Fortinet (FTNT) Shares Rose, Holder Starboard Value LP Trimmed Stake by $19.25 Million; Quotient Investors Has Decreased Tyson Foods Cl A (TSN) Stake as Shares Declined

January 16, 2018 - By Migdalia James

Jeffrey Smith decreased its stake in Fortinet Inc (FTNT) by 12.3% based on its latest 2017Q3 regulatory filing with the SEC. Starboard Value Lp sold 550,000 shares as the company’s stock rose 6.90% with the market. The hedge fund run by Jeffrey Smith held 3.92M shares of the technology company at the end of 2017Q3, valued at $140.52M, down from 4.47M at the end of the previous reported quarter. Starboard Value Lp who had been investing in Fortinet Inc for a number of months, seems to be less bullish one the $7.71B market cap company. The stock decreased 1.34% or $0.6 during the last trading session, reaching $44.34. About 992,601 shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 20.17% since January 16, 2017 and is uptrending. It has outperformed by 3.47% the S&P500.

Quotient Investors Llc decreased its stake in Tyson Foods Inc Cl A (TSN) by 55.76% based on its latest 2017Q3 regulatory filing with the SEC. Quotient Investors Llc sold 7,059 shares as the company’s stock declined 10.27% while stock markets rallied. The institutional investor held 5,600 shares of the consumer non-durables company at the end of 2017Q3, valued at $395,000, down from 12,659 at the end of the previous reported quarter. Quotient Investors Llc who had been investing in Tyson Foods Inc Cl A for a number of months, seems to be less bullish one the $35.11 billion market cap company. The stock decreased 1.25% or $1 during the last trading session, reaching $78.9. About 1.41 million shares traded. Tyson Foods, Inc. (NYSE:TSN) has declined 9.94% since January 16, 2017 and is downtrending. It has underperformed by 26.64% the S&P500.

Since November 28, 2017, it had 0 insider buys, and 1 sale for $4.40 million activity.

Analysts await Tyson Foods, Inc. (NYSE:TSN) to report earnings on February, 5. They expect $1.53 earnings per share, down 3.77% or $0.06 from last year’s $1.59 per share. TSN’s profit will be $680.84M for 12.89 P/E if the $1.53 EPS becomes a reality. After $1.43 actual earnings per share reported by Tyson Foods, Inc. for the previous quarter, Wall Street now forecasts 6.99% EPS growth.

Among 15 analysts covering Tyson Foods Inc. (NYSE:TSN), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. Tyson Foods Inc. had 55 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Wednesday, August 30. The company was downgraded on Thursday, March 16 by Argus Research. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, November 22. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, November 14. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, February 8. The firm earned “Buy” rating on Thursday, April 21 by Argus Research. Pivotal Research upgraded the stock to “Hold” rating in Monday, November 13 report. The firm has “Buy” rating by BMO Capital Markets given on Friday, September 15. The stock of Tyson Foods, Inc. (NYSE:TSN) has “Hold” rating given on Tuesday, August 8 by RBC Capital Markets. RBC Capital Markets downgraded Tyson Foods, Inc. (NYSE:TSN) on Tuesday, January 5 to “Sector Perform” rating.

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.09, from 1 in 2017Q2. It improved, as 42 investors sold TSN shares while 195 reduced holdings. 68 funds opened positions while 191 raised stakes. 250.18 million shares or 0.40% less from 251.19 million shares in 2017Q2 were reported. Moreover, California Employees Retirement Sys has 0.07% invested in Tyson Foods, Inc. (NYSE:TSN) for 684,456 shares. Sei Invests Com invested 0.16% in Tyson Foods, Inc. (NYSE:TSN). Peddock Capital Advsr Lc has invested 0.44% of its portfolio in Tyson Foods, Inc. (NYSE:TSN). Triangle Wealth holds 0.49% of its portfolio in Tyson Foods, Inc. (NYSE:TSN) for 11,800 shares. 20 are owned by First Interstate Natl Bank. Massachusetts-based Baystate Wealth Mngmt Limited Liability has invested 0% in Tyson Foods, Inc. (NYSE:TSN). Cornercap Counsel, Georgia-based fund reported 76,755 shares. Nuveen Asset Management Ltd Llc has 0.07% invested in Tyson Foods, Inc. (NYSE:TSN). Stifel Fincl Corp has invested 0% in Tyson Foods, Inc. (NYSE:TSN). Ibm Retirement Fund stated it has 0.1% in Tyson Foods, Inc. (NYSE:TSN). Bancorpsouth invested in 6,749 shares. 617,641 are owned by Wedge Capital Mngmt L Limited Partnership Nc. Norinchukin State Bank The stated it has 0.07% in Tyson Foods, Inc. (NYSE:TSN). Mu Investments Ltd stated it has 500 shares. Blackrock Inc reported 20.49M shares.

Quotient Investors Llc, which manages about $423.26 million and $145.88M US Long portfolio, upped its stake in United Parcel Service Cl B (NYSE:UPS) by 3,300 shares to 8,400 shares, valued at $1.01 million in 2017Q3, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 1,404 shares in the quarter, for a total of 2,975 shares, and has risen its stake in Us Bancorp Del (NYSE:USB).

Among 35 analysts covering Fortinet Inc. (NASDAQ:FTNT), 25 have Buy rating, 1 Sell and 9 Hold. Therefore 71% are positive. Fortinet Inc. had 97 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, September 28, the company rating was maintained by Northland Capital. The rating was reinitiated by Wunderlich with “Buy” on Tuesday, September 13. The stock of Fortinet, Inc. (NASDAQ:FTNT) earned “Buy” rating by Monness on Wednesday, June 14. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, October 18 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, January 27. The stock of Fortinet, Inc. (NASDAQ:FTNT) earned “Overweight” rating by Barclays Capital on Wednesday, January 6. The stock has “Equal-Weight” rating by First Analysis on Monday, October 24. Dougherty & Company maintained Fortinet, Inc. (NASDAQ:FTNT) rating on Wednesday, October 12. Dougherty & Company has “Buy” rating and $35 target. As per Tuesday, January 9, the company rating was downgraded by Barclays Capital. Evercore initiated Fortinet, Inc. (NASDAQ:FTNT) rating on Thursday, April 14. Evercore has “Hold” rating and $30 target.

Starboard Value Lp, which manages about $2.57B and $3.70B US Long portfolio, upped its stake in Ishares Tr (IWN) by 170,000 shares to 661,000 shares, valued at $82.04M in 2017Q3, according to the filing.

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.



Free Email Newsletter

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


Recent Posts