Oak Ridge Investments Has Cut Fortinet Com (FTNT) Holding By $8.20 Million; Healthcor Management LP Has Increased Abbvie (ABBV) Stake

February 15, 2018 - By Louis Casey

Healthcor Management Lp increased Abbvie Inc (ABBV) stake by 23.38% reported in 2017Q3 SEC filing. Healthcor Management Lp acquired 186,890 shares as Abbvie Inc (ABBV)’s stock rose 6.17%. The Healthcor Management Lp holds 986,320 shares with $87.64 million value, up from 799,430 last quarter. Abbvie Inc now has $184.37 billion valuation. The stock increased 2.13% or $2.4105 during the last trading session, reaching $115.4905. About 2.91M shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since February 15, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Oak Ridge Investments Llc decreased Fortinet Inc Com (FTNT) stake by 27.26% reported in 2017Q3 SEC filing. Oak Ridge Investments Llc sold 234,315 shares as Fortinet Inc Com (FTNT)’s stock rose 6.90%. The Oak Ridge Investments Llc holds 625,142 shares with $22.41M value, down from 859,457 last quarter. Fortinet Inc Com now has $8.58B valuation. The stock increased 1.92% or $0.93 during the last trading session, reaching $49.31. About 729,623 shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 20.17% since February 15, 2017 and is uptrending. It has outperformed by 3.47% the S&P500.

Among 36 analysts covering Fortinet Inc. (NASDAQ:FTNT), 23 have Buy rating, 1 Sell and 12 Hold. Therefore 64% are positive. Fortinet Inc. had 110 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Wednesday, January 6. BMO Capital Markets maintained the stock with “Buy” rating in Friday, July 14 report. On Thursday, July 23 the stock rating was upgraded by JP Morgan to “Overweight”. The company was maintained on Tuesday, February 6 by Morgan Stanley. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Buy” rating given on Wednesday, September 6 by Cowen & Co. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Equal-Weight” rating given on Wednesday, October 12 by Morgan Stanley. RBC Capital Markets maintained Fortinet, Inc. (NASDAQ:FTNT) on Wednesday, January 27 with “Sector Perform” rating. The stock of Fortinet, Inc. (NASDAQ:FTNT) earned “Neutral” rating by Citigroup on Tuesday, February 6. As per Friday, October 23, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained it with “Hold” rating and $42.0 target in Sunday, October 8 report.

Oak Ridge Investments Llc increased Cavium Inc Com (NASDAQ:CAVM) stake by 42,191 shares to 447,963 valued at $29.54M in 2017Q3. It also upped Pinnacle Financial Partners (NASDAQ:PNFP) stake by 372,457 shares and now owns 419,104 shares. On Assignment Inc (NYSE:ASGN) was raised too.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Abbvie Inc had 78 analyst reports since July 21, 2015 according to SRatingsIntel. Societe Generale initiated the stock with “Sell” rating in Wednesday, April 6 report. The stock of AbbVie Inc. (NYSE:ABBV) earned “Neutral” rating by Citigroup on Monday, November 28. TheStreet upgraded the stock to “Buy” rating in Tuesday, August 11 report. The company was maintained on Friday, July 14 by Jefferies. The firm earned “Buy” rating on Sunday, October 29 by SunTrust. The company was downgraded on Thursday, September 8 by JP Morgan. The rating was initiated by Atlantic Securities with “Neutral” on Friday, December 18. The rating was maintained by Jefferies on Monday, July 17 with “Buy”. As per Monday, October 31, the company rating was downgraded by Credit Suisse. The firm has “Buy” rating by Argus Research given on Friday, February 2.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.15, from 1 in 2017Q2. It dived, as 55 investors sold ABBV shares while 640 reduced holdings. 132 funds opened positions while 462 raised stakes. 1.06 billion shares or 1.89% more from 1.04 billion shares in 2017Q2 were reported. Fayez Sarofim & Co owns 1.73% invested in AbbVie Inc. (NYSE:ABBV) for 3.71 million shares. Parsec Financial Mgmt owns 0.13% invested in AbbVie Inc. (NYSE:ABBV) for 20,881 shares. Ogorek Anthony Joseph Ny Adv holds 1,161 shares or 0.1% of its portfolio. Rockland Tru has 12,341 shares. Godshalk Welsh Capital owns 8,308 shares. Silvercrest Asset Mngmt Grp Inc Ltd Liability invested in 0.19% or 219,458 shares. Deprince Race And Zollo Incorporated invested 0.71% in AbbVie Inc. (NYSE:ABBV). American Rech And Management owns 1,887 shares for 0.05% of their portfolio. Sather Financial Grp Inc Inc reported 6,000 shares. Moreover, Fiera Cap has 0.12% invested in AbbVie Inc. (NYSE:ABBV). Cypress Asset Management Tx reported 20,583 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems reported 0.17% of its portfolio in AbbVie Inc. (NYSE:ABBV). Stevens First Principles Inv holds 0% or 95 shares in its portfolio. Advisors Inc Ok invested in 0.15% or 27,903 shares. Northside Capital Limited Liability Company holds 0.55% or 14,741 shares.

Healthcor Management Lp decreased Danaher Corp Del (NYSE:DHR) stake by 150,380 shares to 1.25M valued at $107.39 million in 2017Q3. It also reduced Select Sector Spdr Tr (XLV) stake by 118,820 shares and now owns 353,960 shares. Zimmer Biomet Hldgs Inc (Call) (ZMH) was reduced too.

Since September 11, 2017, it had 0 insider buys, and 5 sales for $25.59 million activity. Another trade for 6,699 shares valued at $589,512 was sold by Michael Robert A.. Shares for $8.57M were sold by RICHMOND TIMOTHY J. on Monday, December 18. Shares for $14.07M were sold by Schumacher Laura J on Thursday, December 14. 18,300 AbbVie Inc. (NYSE:ABBV) shares with value of $1.66M were sold by Gosebruch Henry O. The insider SALEKI-GERHARDT AZITA sold 8,300 shares worth $705,655.

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