The EVP & Chief Credit Officer of Pacific Mercantile Bancorp (PMBC), Thomas Inserra Picked up 6,413 Shares; Fortinet, Inc. (FTNT) Had 23 Bulls

A public report filed with the SEC on 07-02-2018 revealed that Thomas Inserra, the EVP & Chief Credit Officer of Pacific Mercantile Bancorp, ‘s company purchased 6,413 shares. With average cost per share of $8.7, the trade’s sum is $55,472 U.S Dollars. He also bought 3,587 shares worth about $31,332 USD in the last 30 days. Thomas Inserra now indirectly has 3000 shares. He also directly has 37000 shares. In total he holds a stake of 0.17%.

Among 36 analysts covering Fortinet Inc. (NASDAQ:FTNT), 23 have Buy rating, 1 Sell and 12 Hold. Therefore 64% are positive. Fortinet Inc. has $56 highest and $27 lowest target. $43.93’s average target is -5.61% below currents $46.54 stock price. Fortinet Inc. had 110 analyst reports since July 23, 2015 according to SRatingsIntel. FBR Capital maintained Fortinet, Inc. (NASDAQ:FTNT) on Tuesday, August 25 with “Outperform” rating. The company was maintained on Wednesday, October 12 by Nomura. Robert W. Baird maintained Fortinet, Inc. (NASDAQ:FTNT) on Thursday, January 11 with “Buy” rating. The stock has “Buy” rating by Dougherty & Company on Wednesday, October 12. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Sector Perform” rating given on Wednesday, October 12 by RBC Capital Markets. The stock has “Outperform” rating by FBR Capital on Friday, October 23. As per Wednesday, September 6, the company rating was maintained by Cowen & Co. Morgan Stanley downgraded the shares of FTNT in report on Wednesday, October 12 to “Equal-Weight” rating. Wells Fargo maintained the stock with “Outperform” rating in Thursday, September 17 report. On Thursday, July 23 the stock rating was maintained by Needham with “Buy”. See Fortinet, Inc. (NASDAQ:FTNT) latest ratings:

06/02/2018 Broker: Stephens Rating: Hold New Target: $48.0 Maintain
06/02/2018 Broker: Piper Jaffray Rating: Buy New Target: $52.0 Maintain
06/02/2018 Broker: Cowen & Co Rating: Buy New Target: $48.0 Maintain
06/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $48 New Target: $49 Maintain
06/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $51 New Target: $53 Maintain
06/02/2018 Broker: Credit Suisse Old Rating: Underperform New Rating: Underperform Old Target: $33 New Target: $37 Maintain
06/02/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $42 New Target: $46 Maintain
06/02/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $41 New Target: $45 Maintain
06/02/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $48 New Target: $50 Maintain
06/02/2018 Broker: BMO Capital Markets Rating: Buy New Target: $50.0 Maintain

The stock decreased 1.17% or $0.1 during the last trading session, reaching $8.45. About 29,241 shares traded or 50.49% up from the average. Pacific Mercantile Bancorp (NASDAQ:PMBC) has risen 6.90% since February 7, 2017 and is uptrending. It has underperformed by 9.80% the S&P500.

Pacific Mercantile Bancorp operates as the holding firm for Pacific Mercantile Bank that provides a range of commercial banking services and products to small and medium-size businesses and professionals in Southern California. The company has market cap of $196.32 million. The company's deposit products include noninterest-bearing and interest-bearing checking accounts, interest-bearing term deposit accounts, money market and savings deposits, and certificates of deposit. It has a 18.78 P/E ratio. It also offers various loans, such as commercial loans and credit lines, accounts receivable and inventory financing, small business administration guaranteed business loans, owner-occupied commercial real estate loans, working capital lines of credit and asset based lending, growth capital loans, equipment financing, letters of credit, and corporate credit cards.

Since December 11, 2017, it had 1 buying transaction, and 1 insider sale for $51,712 activity. On Monday, December 11 Chamberlain Kittridge sold $83,044 worth of Pacific Mercantile Bancorp (NASDAQ:PMBC) or 9,392 shares. $31,332 worth of Pacific Mercantile Bancorp (NASDAQ:PMBC) was bought by Inserra Thomas J.

Among 3 analysts covering Pacific Mercantile Bancorp (NASDAQ:PMBC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pacific Mercantile Bancorp has $10.5 highest and $1000 lowest target. $10.38’s average target is 22.84% above currents $8.45 stock price. Pacific Mercantile Bancorp had 5 analyst reports since May 26, 2017 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, May 26. The firm has “Buy” rating by Hovde Group given on Tuesday, January 30. Keefe Bruyette & Woods upgraded the shares of PMBC in report on Thursday, August 3 to “Buy” rating. Wood upgraded Pacific Mercantile Bancorp (NASDAQ:PMBC) on Thursday, August 3 to “Outperform” rating. Keefe Bruyette & Woods maintained Pacific Mercantile Bancorp (NASDAQ:PMBC) on Thursday, December 21 with “Buy” rating.

Investors sentiment decreased to 0.94 in 2017 Q3. Its down 0.59, from 1.53 in 2017Q2. It is negative, as 4 investors sold Pacific Mercantile Bancorp shares while 14 reduced holdings. 3 funds opened positions while 14 raised stakes. 11.16 million shares or 0.69% less from 11.24 million shares in 2017Q2 were reported. Northern Trust Corporation has invested 0% in Pacific Mercantile Bancorp (NASDAQ:PMBC). Tiaa Cref Inv Mgmt Limited Company invested 0% of its portfolio in Pacific Mercantile Bancorp (NASDAQ:PMBC). Citigroup, a New York-based fund reported 3 shares. Ameritas Prtn Inc has invested 0% of its portfolio in Pacific Mercantile Bancorp (NASDAQ:PMBC). Geode Capital Lc accumulated 128,702 shares. Manufacturers Life Ins Co The accumulated 19,217 shares. Bridgeway Capital Mgmt owns 83,319 shares. 21,068 are owned by Morgan Stanley. Schwab Charles Mngmt accumulated 21,300 shares. Pennsylvania-based Pnc Fin Ser Gp has invested 0% in Pacific Mercantile Bancorp (NASDAQ:PMBC). Retail Bank Of Montreal Can accumulated 0% or 367 shares. Blackrock holds 0% in Pacific Mercantile Bancorp (NASDAQ:PMBC) or 888,700 shares. Amer Interest Grp Inc owns 10,372 shares for 0% of their portfolio. The North Carolina-based Bank & Trust Of America Corp De has invested 0% in Pacific Mercantile Bancorp (NASDAQ:PMBC). Rhumbline Advisers owns 15,858 shares.

The stock increased 6.18% or $2.71 during the last trading session, reaching $46.54. About 6.70 million shares traded or 316.39% up from the average. Fortinet, Inc. (NASDAQ:FTNT) has risen 20.17% since February 7, 2017 and is uptrending. It has outperformed by 3.47% the S&P500.

Fortinet, Inc. provides cybersecurity solutions for enterprises, service providers, and government organizations worldwide. The company has market cap of $8.09 billion. The firm offers FortiGate physical and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network acceleration; FortiManager product family to provide a central management solution for FortiGate products comprising software updates, configuration, policy settings, and security updates; and the FortiAnalyzer product family, which offers a single point of network log data collection. It has a 97.16 P/E ratio. It also provides FortiAP secure wireless access points; FortiWeb, a Web application firewall; FortiMail email security; FortiDB database security appliances; FortiClient, an endpoint security software; and FortiSwitch secure switch connectivity products.