The Cooper Companies, Inc. (COO) Reaches $224.21 After 5.00% Down Move; Fortinet (FTNT) SI Decreased By 6.94%

December 13, 2017 - By Kurt Siggers

The stock of The Cooper Companies, Inc. (NYSE:COO) is a huge mover today! The stock decreased 2.37% or $5.452 during the last trading session, reaching $224.208. About 482,974 shares traded or 3.70% up from the average. The Cooper Companies, Inc. (NYSE:COO) has risen 33.48% since December 13, 2016 and is uptrending. It has outperformed by 16.78% the S&P500.The move comes after 9 months negative chart setup for the $10.98 billion company. It was reported on Dec, 13 by Barchart.com. We have $213.00 PT which if reached, will make NYSE:COO worth $548.75 million less.

Fortinet Incorporated (NASDAQ:FTNT) had a decrease of 6.94% in short interest. FTNT’s SI was 3.98M shares in December as released by FINRA. Its down 6.94% from 4.28M shares previously. With 1.67 million avg volume, 2 days are for Fortinet Incorporated (NASDAQ:FTNT)’s short sellers to cover FTNT’s short positions. The SI to Fortinet Incorporated’s float is 2.64%. The stock increased 1.47% or $0.62 during the last trading session, reaching $42.8. About 710,578 shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 20.17% since December 13, 2016 and is uptrending. It has outperformed by 3.47% the S&P500.

Investors sentiment decreased to 1.1 in 2017 Q2. Its down 0.25, from 1.35 in 2017Q1. It fall, as 20 investors sold The Cooper Companies, Inc. shares while 135 reduced holdings. 69 funds opened positions while 141 raised stakes. 46.02 million shares or 0.41% less from 46.21 million shares in 2017Q1 were reported. Principal Financial Grp holds 79,227 shares or 0.02% of its portfolio. Goldman Sachs Inc reported 0.02% stake. Kentucky Retirement Sys holds 0.06% or 3,132 shares. Fdx Inc stated it has 6,057 shares. Jpmorgan Chase Co invested in 269,970 shares. Nordea Inv holds 0% in The Cooper Companies, Inc. (NYSE:COO) or 2,082 shares. Huntington Bancorporation stated it has 20,973 shares or 0.09% of all its holdings. Nationwide Fund accumulated 100,853 shares. Northern Trust Corporation accumulated 0.04% or 534,782 shares. Schwab Charles Invest Incorporated holds 0.06% or 244,686 shares in its portfolio. Panagora Asset owns 111,628 shares. Bremer Tru National Association reported 994 shares stake. Bamco Ny stated it has 0.31% in The Cooper Companies, Inc. (NYSE:COO). Virtus Advisers Incorporated stated it has 239 shares. Moreover, Proshare Advsrs Llc has 0.01% invested in The Cooper Companies, Inc. (NYSE:COO) for 4,737 shares.

Since September 14, 2017, it had 0 insider buys, and 1 insider sale for $974,130 activity. PETERSMEYER GARY S had sold 3,977 shares worth $974,130.

The Cooper Companies, Inc. operates as a medical device firm worldwide. The company has market cap of $10.98 billion. The firm develops, makes, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia. It has a 29.82 P/E ratio. It also provides medical devices, surgical instruments, accessories, and diagnostic services and products for health care professionals and institutions focusing on womenÂ’s health, fertility, and genetic testing in hospitals, clinicianÂ’s offices, and fertility clinics.

Among 15 analysts covering Cooper (NYSE:COO), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Cooper had 55 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, December 8. The stock of The Cooper Companies, Inc. (NYSE:COO) earned “Buy” rating by BMO Capital Markets on Wednesday, July 12. The firm earned “Buy” rating on Thursday, August 17 by Jefferies. The stock of The Cooper Companies, Inc. (NYSE:COO) has “Buy” rating given on Wednesday, August 24 by Jefferies. The firm earned “Buy” rating on Thursday, December 7 by BMO Capital Markets. The rating was maintained by Stifel Nicolaus on Friday, September 1 with “Buy”. The firm has “Neutral” rating by JP Morgan given on Friday, December 4. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, June 1. BMO Capital Markets maintained the shares of COO in report on Tuesday, July 25 with “Buy” rating. Piper Jaffray maintained The Cooper Companies, Inc. (NYSE:COO) on Friday, December 4 with “Overweight” rating.

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. Oppenheimer maintained Fortinet, Inc. (NASDAQ:FTNT) on Thursday, October 5 with “Buy” rating. The rating was initiated by Credit Suisse with “Sell” on Tuesday, September 5. Wunderlich reinitiated Fortinet, Inc. (NASDAQ:FTNT) rating on Tuesday, September 13. Wunderlich has “Buy” rating and $45 target. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Market Perform” rating given on Thursday, January 5 by BMO Capital Markets. As per Tuesday, August 30, the company rating was upgraded by Pacific Crest. As per Tuesday, October 10, the company rating was maintained by Piper Jaffray. First Analysis initiated the shares of FTNT in report on Monday, October 24 with “Equal-Weight” rating. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Buy” rating given on Wednesday, June 14 by Monness. The rating was maintained by Topeka Capital Markets with “Hold” on Friday, January 29. The firm has “Overweight” rating by PiperJaffray given on Friday, February 3.

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