Morgan Stanley Gives Fortinet (FTNT) Lower Rating; Fair Isaac Corproation (FICO) Shorts Lowered By 7.95%

Fortinet, Inc. (NASDAQ:FTNT) Logo

Morgan Stanley decreased Fortinet (NASDAQ:FTNT)‘s stock to a Equal-Weight rating from a Overweight. The rating change was sent to investors and clients in a an analyst note today.

Fair Isaac Corproation (NYSE:FICO) had a decrease of 7.95% in short interest. FICO’s SI was 539,300 shares in April as released by FINRA. Its down 7.95% from 585,900 shares previously. With 204,300 avg volume, 3 days are for Fair Isaac Corproation (NYSE:FICO)’s short sellers to cover FICO’s short positions. The SI to Fair Isaac Corproation’s float is 1.84%. The stock increased 2.63% or $4.29 during the last trading session, reaching $167.62. About 84,760 shares traded. Fair Isaac Corporation (NYSE:FICO) has risen 30.60% since April 11, 2017 and is uptrending. It has outperformed by 19.05% the S&P500.

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.06, from 0.97 in 2017Q3. It fall, as 13 investors sold Fair Isaac Corporation shares while 99 reduced holdings. 49 funds opened positions while 53 raised stakes. 24.37 million shares or 2.13% less from 24.90 million shares in 2017Q3 were reported. Retirement System Of Alabama holds 0.03% or 38,779 shares in its portfolio. Louisiana State Employees Retirement Systems stated it has 0.05% in Fair Isaac Corporation (NYSE:FICO). Metropolitan Life Insurance Co New York owns 16,957 shares. Dimensional Fund Advisors Limited Partnership owns 333,230 shares. Massachusetts-based Wellington Mgmt Grp Inc Limited Liability Partnership has invested 0.02% in Fair Isaac Corporation (NYSE:FICO). Burney Company reported 53,001 shares. Susquehanna Intll Grp Inc Llp stated it has 7,808 shares or 0% of all its holdings. Rbf Cap Limited Liability, California-based fund reported 20,000 shares. Financial Bank Of Ny Mellon has 0.02% invested in Fair Isaac Corporation (NYSE:FICO) for 477,265 shares. Manufacturers Life Insur Co The has invested 0.01% in Fair Isaac Corporation (NYSE:FICO). Savings Bank Of America De holds 0.01% of its portfolio in Fair Isaac Corporation (NYSE:FICO) for 274,813 shares. 9,600 are owned by Mackenzie Fincl Corp. Shell Asset Mgmt owns 0.02% invested in Fair Isaac Corporation (NYSE:FICO) for 7,859 shares. Clearbridge Invests Limited has invested 0% of its portfolio in Fair Isaac Corporation (NYSE:FICO). Amg Natl Trust National Bank reported 0.03% stake.

Fair Isaac Corporation develops analytic, software, and data management services and products that enable businesses to automate, enhance, and connect decisions. The company has market cap of $5.04 billion. The firm offers analytical solutions, credit scoring, and credit account management services and products to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies. It has a 45.56 P/E ratio. It operates through three divisions: Applications, Scores, and Decision Management Software.

Among 5 analysts covering Fair Isaac Corporation (NYSE:FICO), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Fair Isaac Corporation had 11 analyst reports since November 6, 2015 according to SRatingsIntel. The company was initiated on Wednesday, July 13 by Dougherty & Company. The rating was initiated by William Blair on Tuesday, January 26 with “Outperform”. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, November 2. As per Wednesday, September 21, the company rating was downgraded by Barclays Capital. Sidoti downgraded the shares of FICO in report on Wednesday, March 23 to “Neutral” rating. Barclays Capital maintained the stock with “Overweight” rating in Friday, March 18 report. Barclays Capital maintained Fair Isaac Corporation (NYSE:FICO) rating on Tuesday, November 8. Barclays Capital has “Equal Weight” rating and $125 target. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, August 2. Stephens maintained Fair Isaac Corporation (NYSE:FICO) on Wednesday, January 24 with “Hold” rating.

Analysts await Fortinet, Inc. (NASDAQ:FTNT) to report earnings on April, 26. They expect $0.07 earnings per share, 0.00% or $0.00 from last year’s $0.07 per share. FTNT’s profit will be $11.76 million for 200.82 P/E if the $0.07 EPS becomes a reality. After $0.19 actual earnings per share reported by Fortinet, Inc. for the previous quarter, Wall Street now forecasts -63.16% negative EPS growth.

The stock increased 3.23% or $1.76 during the last trading session, reaching $56.23. About 1.22 million shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 46.75% since April 11, 2017 and is uptrending. It has outperformed by 35.20% the S&P500.

Fair Isaac Corporation (NYSE:FICO) Institutional Positions Chart