Assetmark Has Trimmed By $5.23 Million Its Coherent Com (COHR) Holding; Fortinet (FTNT) Had 26 Bullish Analysts

November 14, 2017 - By Darrin Black

Assetmark Inc decreased Coherent Inc Com (COHR) stake by 47.39% reported in 2017Q2 SEC filing. Assetmark Inc sold 23,341 shares as Coherent Inc Com (COHR)’s stock rose 26.93%. The Assetmark Inc holds 25,917 shares with $5.83 million value, down from 49,258 last quarter. Coherent Inc Com now has $7.40 billion valuation. The stock declined 0.26% or $0.79 reaching $300.53 per share. About 181,371 shares traded. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since November 14, 2016 and is uptrending. It has outperformed by 171.12% the S&P500.

Among 34 analysts covering Fortinet Inc. (NASDAQ:FTNT), 26 have Buy rating, 1 Sell and 7 Hold. Therefore 76% are positive. Fortinet Inc. had 93 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, July 27, the company rating was maintained by Oppenheimer. The company was maintained on Wednesday, October 12 by UBS. As per Wednesday, January 27, the company rating was maintained by RBC Capital Markets. On Friday, January 29 the stock rating was downgraded by Needham to “Buy”. The stock has “Buy” rating by Robert W. Baird on Thursday, July 27. On Sunday, September 3 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Conviction Buy” rating by Goldman Sachs given on Monday, March 21. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, October 12. The stock of Fortinet Inc (NASDAQ:FTNT) has “Buy” rating given on Thursday, July 27 by Cowen & Co. The firm earned “Buy” rating on Friday, October 23 by UBS. See Fortinet Inc (NASDAQ:FTNT) latest ratings:

27/10/2017 Broker: Cowen & Co Rating: Buy New Target: $44.0 Maintain
27/10/2017 Broker: UBS Rating: Buy Old Target: $46 New Target: $47 Maintain
27/10/2017 Broker: BMO Capital Markets Rating: Outperform Old Target: $46 New Target: $45 Maintain
26/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $46.0 Maintain
18/10/2017 Broker: Deutsche Bank Old Rating: Hold New Rating: Buy Upgrade
10/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $50.0 Maintain
08/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $42.0 Maintain
05/10/2017 Broker: Oppenheimer Rating: Buy New Target: $45.0 Maintain
05/10/2017 Broker: BMO Capital Markets Rating: Buy New Target: $46.0 Maintain
28/09/2017 Broker: Northland Capital Rating: Buy New Target: $45.0 Maintain

Assetmark Inc increased Select Sector Spdr Tr Technology (XLK) stake by 72,238 shares to 883,558 valued at $48.35 million in 2017Q2. It also upped Nordstrom Inc Com (NYSE:JWN) stake by 26,979 shares and now owns 324,954 shares. Callon Pete Co Del Com (NYSE:CPE) was raised too.

Since May 15, 2017, it had 0 insider buys, and 2 insider sales for $7.39 million activity. $6.19 million worth of stock was sold by AMBROSEO JOHN on Monday, May 22. 4,500 shares valued at $1.16 million were sold by ROGERSON GARRY W on Tuesday, May 16. SOBEY MARK STEWART also sold $1.19M worth of Coherent, Inc. (NASDAQ:COHR) shares. SKAGGS STEPHEN A had sold 500 shares worth $124,740.

Investors sentiment decreased to 1.11 in Q2 2017. Its down 0.05, from 1.16 in 2017Q1. It fall, as 26 investors sold COHR shares while 115 reduced holdings. 76 funds opened positions while 80 raised stakes. 22.28 million shares or 2.28% less from 22.80 million shares in 2017Q1 were reported. New York-based G2 Inv Ptnrs Mgmt has invested 2.23% in Coherent, Inc. (NASDAQ:COHR). Boston Family Office Limited Liability accumulated 3,162 shares. Jane Street Limited Co owns 25,863 shares or 0.02% of their US portfolio. Guggenheim Cap Llc has 28,780 shares for 0.02% of their portfolio. Ls Invest Advsrs Lc has 2,329 shares. Capstone Ltd owns 15,512 shares or 0.09% of their US portfolio. Susquehanna Group Llp has invested 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Emerald Mutual Fund Advisers stated it has 0.23% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Pinnacle Assoc Ltd stated it has 8,250 shares. Macquarie Ltd has 0% invested in Coherent, Inc. (NASDAQ:COHR). Koch Ind holds 0.1% in Coherent, Inc. (NASDAQ:COHR) or 355,256 shares. Navellier And Incorporated holds 28,953 shares or 0.97% of its portfolio. Fdx Advisors has invested 0.02% in Coherent, Inc. (NASDAQ:COHR). Invesco holds 0.02% or 282,106 shares in its portfolio. Verition Fund Limited Liability invested in 0.08% or 3,668 shares.

Among 7 analysts covering Coherent (NASDAQ:COHR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent had 24 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by Benchmark on Monday, June 12. The stock has “Buy” rating by Needham on Wednesday, August 2. The stock has “Overweight” rating by Barclays Capital on Wednesday, November 8. The rating was maintained by Needham with “Buy” on Friday, January 29. Stifel Nicolaus maintained it with “Buy” rating and $82 target in Friday, January 29 report. On Monday, May 23 the stock rating was maintained by Benchmark with “Buy”. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Wednesday, August 2 by Benchmark. Needham maintained the shares of COHR in report on Wednesday, November 8 with “Buy” rating. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Monday, January 9 by Stifel Nicolaus. Stifel Nicolaus maintained Coherent, Inc. (NASDAQ:COHR) rating on Monday, March 7. Stifel Nicolaus has “Buy” rating and $100 target.

Analysts await Coherent, Inc. (NASDAQ:COHR) to report earnings on February, 6. They expect $3.41 EPS, up 52.23% or $1.17 from last year’s $2.24 per share. COHR’s profit will be $83.96M for 22.03 P/E if the $3.41 EPS becomes a reality. After $3.58 actual EPS reported by Coherent, Inc. for the previous quarter, Wall Street now forecasts -4.75% negative EPS growth.

Fortinet, Inc. is a network security company. The company has market cap of $6.97 billion. The Firm provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. It has a 83.7 P/E ratio. The Company’s network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats.

About 629,332 shares traded. Fortinet Inc (NASDAQ:FTNT) has risen 20.17% since November 14, 2016 and is uptrending. It has outperformed by 3.47% the S&P500.

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