Edgewood Management Has Raised By $47.74 Million Its Cognizant Technology Solutio (CTSH) Position; Voya Investment Management Has Lowered By $3.16 Million Its Fortinet (FTNT) Stake

June 14, 2018 - By olga

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Logo

Edgewood Management Llc increased Cognizant Technology Solutio (CTSH) stake by 3.48% reported in 2018Q1 SEC filing. Edgewood Management Llc acquired 596,707 shares as Cognizant Technology Solutio (CTSH)’s stock declined 8.67%. The Edgewood Management Llc holds 17.72 million shares with $1.43 billion value, up from 17.13 million last quarter. Cognizant Technology Solutio now has $45.98 billion valuation. The stock increased 0.58% or $0.45 during the last trading session, reaching $78.47. About 2.00 million shares traded. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has risen 13.31% since June 14, 2017 and is uptrending. It has outperformed by 0.74% the S&P500.

Voya Investment Management Llc decreased Fortinet Inc (FTNT) stake by 1.81% reported in 2018Q1 SEC filing. Voya Investment Management Llc sold 59,591 shares as Fortinet Inc (FTNT)’s stock rose 19.97%. The Voya Investment Management Llc holds 3.23M shares with $172.84 million value, down from 3.29M last quarter. Fortinet Inc now has $11.04B valuation. The stock increased 1.50% or $0.97 during the last trading session, reaching $65.66. About 1.10 million shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 52.26% since June 14, 2017 and is uptrending. It has outperformed by 39.69% the S&P500. Some Historical FTNT News: ; 15/05/2018 – BLUE HARBOUR ADDED FTNT, JACK IN 1Q: 13F; 22/05/2018 – Fortinet Expands Fabric-Ready Partner Program with New Fabric Connectors to Automate Security for Multi-Vendor Environments; 04/05/2018 – FORTINET INC FTNT.O : UBS RAISES TARGET PRICE TO $64 FROM $62; 11/04/2018 – Arista Networks Joins Fortinet Fabric-Ready Partner Program to Advance Security Automation Across Data Center and Cloud; 15/03/2018 – Fortinet Receives Recommended Rating in NSS Labs Data Center Intrusion Prevention System Test Report; 21/04/2018 – DJ Fortinet Inc, Inst Holders, 1Q 2018 (FTNT); 15/05/2018 – Fortinet Presenting at JPMorgan Conference Tomorrow; 17/04/2018 – FORTINET INC – COLLABORATED WITH IBM ON NEW IBM X-FORCE THREAT MANAGEMENT SERVICES; 03/05/2018 – FORTINET INC FTNT.O – EXPECTS CAPEX TO BE $25 MLN TO $30 MLN – EXEC, CONF CALL; 15/05/2018 – STARBOARD VALUE EXITED 2.09% FORTINET STAKE IN 1Q: 13F

Analysts await Fortinet, Inc. (NASDAQ:FTNT) to report earnings on July, 25. They expect $0.18 EPS, up 28.57% or $0.04 from last year’s $0.14 per share. FTNT’s profit will be $30.26M for 91.19 P/E if the $0.18 EPS becomes a reality. After $0.17 actual EPS reported by Fortinet, Inc. for the previous quarter, Wall Street now forecasts 5.88% EPS growth.

More notable recent Fortinet, Inc. (NASDAQ:FTNT) news were published by: Globenewswire.com which released: “Fortinet Signs Threat Information Sharing Agreement with INTERPOL” on June 13, 2018, also Nasdaq.com with their article: “Fortinet Inc Earnings Confirm My Bull Thesis” published on June 08, 2018, Globenewswire.com published: “Fortinet Acquires Bradford Networks” on June 04, 2018. More interesting news about Fortinet, Inc. (NASDAQ:FTNT) were released by: Investingnews.com and their article: “3 Cybersecurity ETFs for Investors” published on June 14, 2018 as well as Fool.com‘s news article titled: “Why IT Security Company Fortinet Rose 10.5% in May” with publication date: June 07, 2018.

Voya Investment Management Llc increased Total Sys Svcs Inc (NYSE:TSS) stake by 95,383 shares to 203,349 valued at $17.54M in 2018Q1. It also upped Cimarex Energy Co (NYSE:XEC) stake by 7,838 shares and now owns 65,232 shares. Home Depot Inc (NYSE:HD) was raised too.

Among 36 analysts covering Fortinet Inc. (NASDAQ:FTNT), 21 have Buy rating, 1 Sell and 14 Hold. Therefore 58% are positive. Fortinet Inc. had 131 analyst reports since July 23, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, April 11 by Morgan Stanley. As per Friday, May 4, the company rating was maintained by Deutsche Bank. The firm earned “Buy” rating on Wednesday, October 18 by Deutsche Bank. RBC Capital Markets maintained the shares of FTNT in report on Thursday, July 23 with “Sector Perform” rating. The firm has “Buy” rating given on Monday, February 5 by Oppenheimer. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, November 15 report. The firm has “Buy” rating given on Friday, October 23 by UBS. The stock of Fortinet, Inc. (NASDAQ:FTNT) earned “Underperform” rating by Credit Suisse on Tuesday, February 6. The rating was initiated by Credit Suisse on Tuesday, September 5 with “Sell”. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, September 20.

Since December 15, 2017, it had 1 insider purchase, and 43 sales for $50.42 million activity. KRISHNASWAMY VENKAT sold 4,000 shares worth $316,000. On Wednesday, February 14 Kandiah Gajakarnan Vibushanan sold $798,094 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) or 10,000 shares. Breakiron-Evans Maureen also sold $1.62 million worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares. 2,847 shares valued at $233,849 were sold by Friedrich Matthew W. on Monday, March 5. The insider DSOUZA FRANCISCO sold $17.77 million. 2,500 shares valued at $205,725 were sold by Veeraraghavachary Srinivasan on Tuesday, March 27. $89,766 worth of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was sold by Lennox James Patrick.

Among 33 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 26 have Buy rating, 1 Sell and 6 Hold. Therefore 79% are positive. Cognizant Technology Solutions Corp. had 92 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, February 5. On Thursday, August 3 the stock rating was maintained by BMO Capital Markets with “Buy”. Bank of America downgraded it to “Underperform” rating and $48 target in Tuesday, November 22 report. The firm has “Buy” rating by SunTrust given on Thursday, September 10. BMO Capital Markets maintained it with “Outperform” rating and $74 target in Thursday, August 6 report. Credit Suisse maintained Cognizant Technology Solutions Corporation (NASDAQ:CTSH) rating on Friday, February 9. Credit Suisse has “Outperform” rating and $100 target. The rating was maintained by Needham on Thursday, August 6 with “Buy”. The stock of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) earned “Neutral” rating by Citigroup on Monday, October 3. As per Wednesday, February 7, the company rating was maintained by Needham. The firm has “Underperform” rating given on Wednesday, September 14 by CLSA.

More important recent Cognizant Technology Solutions Corporation (NASDAQ:CTSH) news were published by: Prnewswire.com which released: “Cognizant’s Netcentric Named 2018 Adobe Experience Cloud Partner of the Year in EMEA” on June 14, 2018, also Streetinsider.com published article titled: “Cognizant (CTSH) Announces CEO Francisco D’Souza as New Board Vice Chairman”, Seekingalpha.com published: “STMicroelectronics Is Inexpensive – Cramer’s Lightning Round (6/1/18)” on June 04, 2018. More interesting news about Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was released by: Prnewswire.com and their article: “Australian Utility Endeavour Energy chooses Cognizant for their Digital Transformation” with publication date: June 06, 2018.

Edgewood Management Llc decreased 3M Co (NYSE:MMM) stake by 12,530 shares to 677,011 valued at $148.62 million in 2018Q1. It also reduced Starbucks Corp (NASDAQ:SBUX) stake by 12,935 shares and now owns 11,466 shares. Amazon Com Inc (NASDAQ:AMZN) was reduced too.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Institutional Positions Chart

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