Congress Asset Management Company Has Trimmed Its Fortinet (FTNT) Position; Fox Factory Holding Has 1.66 Sentiment

Fox Factory Holding Corp. (NASDAQ:FOXF) Logo

Congress Asset Management Company decreased Fortinet Inc (FTNT) stake by 7.38% reported in 2018Q3 SEC filing. Congress Asset Management Company sold 12,288 shares as Fortinet Inc (FTNT)’s stock declined 14.97%. The Congress Asset Management Company holds 154,306 shares with $14.24M value, down from 166,594 last quarter. Fortinet Inc now has $14.04 billion valuation. The stock decreased 0.85% or $0.71 during the last trading session, reaching $82.42. About 1.28 million shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 80.35% since February 14, 2018 and is uptrending. It has outperformed by 80.35% the S&P500. Some Historical FTNT News: 17/04/2018 – FORTINET INC – COLLABORATED WITH IBM ON NEW IBM X-FORCE THREAT MANAGEMENT SERVICES; 15/05/2018 – Hound Partners LLC Exits Position in Fortinet; 04/05/2018 – FORTINET INC FTNT.O : BMO RAISES TARGET PRICE TO $61 FROM $58; 16/05/2018 – Fortinet Presenting at Bank of America Conference Jun 5; 03/05/2018 – Fortinet 1Q EPS 24c; 06/04/2018 – FORTINET INC FTNT.O : MONNESS CRESPI HARDT RAISES TARGET PRICE TO $60 FROM $56; 04/05/2018 – Fortinet Presenting at JPMorgan Conference May 16; 17/04/2018 – Fortinet Receives Recommended Rating in NSS Labs Latest Advanced Endpoint Protection Test Report; 16/05/2018 – Fortinet Threat Landscape Report Reveals an Evolution of Malware to Exploit Cryptocurrencies; 06/03/2018 Tech Data Wins Fortinet 2017 Distribution Partner of the Year Award

Fox Factory Holding Corp (FOXF) investors sentiment increased to 1.66 in Q3 2018. It’s up 0.04, from 1.62 in 2018Q2. The ratio is more positive, as 101 institutional investors started new or increased positions, while 61 sold and reduced equity positions in Fox Factory Holding Corp. The institutional investors in our database reported: 35.63 million shares, up from 35.49 million shares in 2018Q2. Also, the number of institutional investors holding Fox Factory Holding Corp in top ten positions increased from 1 to 2 for an increase of 1. Sold All: 9 Reduced: 52 Increased: 56 New Position: 45.

Congress Asset Management Company increased International Flavors & Fragra (NYSE:IFF) stake by 7,590 shares to 597,298 valued at $83.10 million in 2018Q3. It also upped Bancorpsouth Bank stake by 16,605 shares and now owns 175,061 shares. Spectrum Pharmaceuticals Inc (NASDAQ:SPPI) was raised too.

Among 10 analysts covering Fortinet (NASDAQ:FTNT), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Fortinet had 11 analyst reports since September 18, 2018 according to SRatingsIntel. The rating was upgraded by First Analysis on Friday, February 8 to “Outperform”. The company was downgraded on Friday, January 4 by Goldman Sachs. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Neutral” rating given on Friday, November 2 by JP Morgan. The firm earned “Outperform” rating on Tuesday, November 20 by Raymond James. The stock of Fortinet, Inc. (NASDAQ:FTNT) earned “Neutral” rating by Bank of America on Thursday, September 20. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Market Perform” rating given on Tuesday, January 22 by BMO Capital Markets. BMO Capital Markets maintained Fortinet, Inc. (NASDAQ:FTNT) rating on Friday, November 2. BMO Capital Markets has “Outperform” rating and $90 target. UBS downgraded the stock to “Neutral” rating in Tuesday, September 18 report. The firm has “Neutral” rating by Citigroup given on Friday, November 2.

More notable recent Fortinet, Inc. (NASDAQ:FTNT) news were published by: Nasdaq.com which released: “Is Fortinet (FTNT) Stock Outpacing Its Computer and Technology Peers This Year? – Nasdaq” on February 13, 2019, also Nasdaq.com with their article: “Fortinet (FTNT) to Report Q4 Earnings: What’s in the Cards? – Nasdaq” published on February 01, 2019, Seekingalpha.com published: “Fortinet Q4 2018 Earnings Preview – Seeking Alpha” on February 05, 2019. More interesting news about Fortinet, Inc. (NASDAQ:FTNT) were released by: Nasdaq.com and their article: “Fortinet Earnings: FTNT Stock Gains as Q4 Revenue Surges 22% – Nasdaq” published on February 06, 2019 as well as Nasdaq.com‘s news article titled: “Fortinet (FTNT) Tops Q4 Earnings and Revenue Estimates – Nasdaq” with publication date: February 06, 2019.

Conestoga Capital Advisors Llc holds 3.17% of its portfolio in Fox Factory Holding Corp. for 1.77 million shares. Van Berkom & Associates Inc. owns 1.21 million shares or 2.41% of their US portfolio. Moreover, Kayne Anderson Rudnick Investment Management Llc has 2.07% invested in the company for 5.06 million shares. The Massachusetts-based Copper Rock Capital Partners Llc has invested 1.39% in the stock. Nbw Capital Llc, a Massachusetts-based fund reported 65,034 shares.

More notable recent Fox Factory Holding Corp. (NASDAQ:FOXF) news were published by: Nasdaq.com which released: “PCAR vs. FOXF: Which Stock Is the Better Value Option? – Nasdaq” on January 30, 2019, also Bizjournals.com with their article: “The Harley-Davidson Ford F-150 is returning – Milwaukee Business Journal” published on February 11, 2019, Nasdaq.com published: “Tesla (TSLA) Receives Green Signal to Sell Model 3 in Europe – Nasdaq” on January 22, 2019. More interesting news about Fox Factory Holding Corp. (NASDAQ:FOXF) were released by: Nasdaq.com and their article: “Validea’s Top Five Consumer Cyclical Stocks Based On Martin Zweig – 1/27/2019 – Nasdaq” published on January 27, 2019 as well as Nasdaq.com‘s news article titled: “Magna’s (MGA) Revenues in 2019 to be Hurt by Unit Disposition – Nasdaq” with publication date: January 16, 2019.

Since January 1, 0001, it had 0 insider purchases, and 10 selling transactions for $9.44 million activity.

Analysts await Fox Factory Holding Corp. (NASDAQ:FOXF) to report earnings on February, 26. They expect $0.56 EPS, up 47.37% or $0.18 from last year’s $0.38 per share. FOXF’s profit will be $21.27 million for 26.89 P/E if the $0.56 EPS becomes a reality. After $0.72 actual EPS reported by Fox Factory Holding Corp. for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

The stock decreased 3.38% or $2.11 during the last trading session, reaching $60.23. About 237,349 shares traded. Fox Factory Holding Corp. (FOXF) has risen 62.30% since February 14, 2018 and is uptrending. It has outperformed by 62.30% the S&P500. Some Historical FOXF News: 02/05/2018 – Fox Factory Holding Sees 2Q Adj EPS 43c-Adj EPS 49c; 02/05/2018 – Fox Factory Holding Sees FY Sales $555M-$575M; 18/04/2018 – Fox Factory, Inc. vs SRAM, LLC | FWD Entered | 04/18/2018; 01/05/2018 – New Research Coverage Highlights ICF International, Strayer Education, Avid Technology, Fox Factory Holding, LegacyTexas Financ; 02/05/2018 – FOX FACTORY 1Q ADJ EPS 36C, EST. 34C; 13/03/2018 Fox Factory Management Roadshow Set By CL King for Mar. 20; 02/05/2018 – FOX FACTORY SEES 2Q ADJ EPS 43C TO 49C, EST. 46C; 23/05/2018 – Fox Factory Presenting at Conference Jun 6; 02/05/2018 – Fox Factory Holding Sees FY Adj EPS $1.72-Adj EPS $1.86; 20/03/2018 – Fox Factory at Management Roadshow Hosted By CL King Today

Fox Factory Holding Corp. designs, engineers, makes, and markets ride dynamics products worldwide. The company has market cap of $2.29 billion. The firm offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles. It has a 35.2 P/E ratio. It also provides mountain and road bike wheels, and other performance cycling components, including cranks, bars, stems, and seat posts, as well as aftermarket products to retailers and distributors.

Fox Factory Holding Corp. (NASDAQ:FOXF) Institutional Positions Chart