Trex Company, Inc. (TREX) Trades at $117.52 After Triangle; Starboard Value LP Decreased Fortinet (FTNT) Holding By $17.38 Million

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Starboard Value Lp decreased Fortinet Inc (FTNT) stake by 10.31% reported in 2017Q4 SEC filing. Starboard Value Lp sold 404,204 shares as Fortinet Inc (FTNT)’s stock rose 21.43%. The Starboard Value Lp holds 3.52 million shares with $153.63 million value, down from 3.92 million last quarter. Fortinet Inc now has $9.57 billion valuation. The stock increased 2.24% or $1.25 during the last trading session, reaching $56.94. About 1.85 million shares traded or 18.21% up from the average. Fortinet, Inc. (NASDAQ:FTNT) has risen 46.75% since May 9, 2017 and is uptrending. It has outperformed by 35.20% the S&P500.

Trex Company, Inc. (TREX) formed triangle with $125.75 target or 7.00% above today’s $117.52 share price. Trex Company, Inc. (TREX) has $3.46B valuation. The stock increased 10.72% or $11.38 during the last trading session, reaching $117.52. About 1.04M shares traded or 391.87% up from the average. Trex Company, Inc. (NYSE:TREX) has risen 53.31% since May 9, 2017 and is uptrending. It has outperformed by 41.76% the S&P500.

Among 36 analysts covering Fortinet Inc. (NASDAQ:FTNT), 21 have Buy rating, 1 Sell and 14 Hold. Therefore 58% are positive. Fortinet Inc. had 129 analyst reports since July 23, 2015 according to SRatingsIntel. Needham maintained Fortinet, Inc. (NASDAQ:FTNT) rating on Friday, October 28. Needham has “Buy” rating and $36 target. The firm has “Buy” rating given on Thursday, July 23 by Wunderlich. The firm earned “Equal-Weight” rating on Monday, October 24 by First Analysis. The firm has “Buy” rating by Oppenheimer given on Thursday, July 27. The rating was maintained by UBS on Friday, October 23 with “Buy”. Stephens maintained Fortinet, Inc. (NASDAQ:FTNT) on Tuesday, February 6 with “Hold” rating. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Hold” rating given on Tuesday, January 23 by Deutsche Bank. Cowen & Co maintained Fortinet, Inc. (NASDAQ:FTNT) rating on Friday, October 27. Cowen & Co has “Buy” rating and $44.0 target. Stifel Nicolaus maintained it with “Hold” rating and $42.0 target in Sunday, September 10 report. The stock has “Neutral” rating by Citigroup on Monday, April 16.

More news for Fortinet, Inc. (NASDAQ:FTNT) were recently published by: Globenewswire.com, which released: “Fortinet Reports First Quarter 2018 Financial Results” on May 03, 2018. Seekingalpha.com‘s article titled: “Fortinet, Inc. 2018 Q1 – Results – Earnings Call Slides” and published on May 04, 2018 is yet another important article.

Since January 16, 2018, it had 1 insider purchase, and 8 sales for $4.58 million activity. On Thursday, April 5 the insider ROBINSON PATRICIA B sold $362,997. 1,058 shares were sold by GRATZ JAY M, worth $123,735 on Tuesday, January 16. 4,051 shares were sold by Golden Michael F, worth $437,754 on Tuesday, February 27. Cline James E had sold 21,669 shares worth $2.31M on Thursday, February 22. SCRIPTER JAY T had bought 52 shares worth $4,807 on Friday, March 30. Shares for $370,973 were sold by Gupp William R. on Friday, February 23. The insider Gerhard Christopher Paul sold $376,164.

Trex Company, Inc. (NYSE:TREX) Institutional Positions Chart