Gulf International Bank Uk LTD Holding in Fortinet (FTNT) Has Cut by $910,000 as Market Valuation Rose; Cedar Rock Capital LTD Stake in Automatic Data Processing In (ADP) Lowered by $26.20 Million as Market Value Rose

Automatic Data Processing, Inc. (NASDAQ:ADP) Logo

Gulf International Bank Uk Ltd decreased its stake in Fortinet Inc (FTNT) by 29.3% based on its latest 2018Q4 regulatory filing with the SEC. Gulf International Bank Uk Ltd sold 13,000 shares as the company’s stock rose 14.01% with the market. The institutional investor held 31,364 shares of the technology company at the end of 2018Q4, valued at $2.21 million, down from 44,364 at the end of the previous reported quarter. Gulf International Bank Uk Ltd who had been investing in Fortinet Inc for a number of months, seems to be less bullish one the $15.82B market cap company. The stock increased 3.38% or $3.03 during the last trading session, reaching $92.71. About 2.51 million shares traded or 35.88% up from the average. Fortinet, Inc. (NASDAQ:FTNT) has risen 69.30% since April 15, 2018 and is uptrending. It has outperformed by 64.93% the S&P500. Some Historical FTNT News: 03/05/2018 – FORTINET INC FTNT.O – EXPECTS CAPEX TO BE $25 MLN TO $30 MLN – EXEC, CONF CALL; 30/05/2018 – Fortinet Expands Global Managed Security Service Provider Program with New Services Enablement and Technical Support Offerings; 16/04/2018 – Fortinet Delivers Integrated NOC-SOC Solution to Automate IT Processes and Security Response; 03/05/2018 – Fortinet 1Q Adj EPS 33c; 17/04/2018 – Fortinet Now Part of IBM Security’s New X-Force Threat Management Services; 19/03/2018 – Hughes Wins Fortinet 2017 Global Partner of the Year Award; 15/03/2018 – Fortinet Receives Recommended Rating in NSS Labs Data Center Intrusion Prevention System Test Report; 11/04/2018 – Arista Networks Joins Fortinet Fabric-Ready Partner Program to Advance Security Automation Across Data Center and Cloud; 15/05/2018 – Hound Partners LLC Exits Position in Fortinet; 11/04/2018 – Media Advisory: Fortinet to Showcase the Third and the Latest Generation of Network Security with the Evolution of its Security Fabric at RSA Conference 2018

Cedar Rock Capital Ltd decreased its stake in Automatic Data Processing In (ADP) by 5.71% based on its latest 2018Q4 regulatory filing with the SEC. Cedar Rock Capital Ltd sold 199,983 shares as the company’s stock rose 3.13% with the market. The hedge fund held 3.31M shares of the technology company at the end of 2018Q4, valued at $433.39M, down from 3.51M at the end of the previous reported quarter. Cedar Rock Capital Ltd who had been investing in Automatic Data Processing In for a number of months, seems to be less bullish one the $71.14B market cap company. The stock increased 1.01% or $1.64 during the last trading session, reaching $163.31. About 1.01 million shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 34.69% since April 15, 2018 and is uptrending. It has outperformed by 30.32% the S&P500. Some Historical ADP News: 02/05/2018 – Automatic Data 3Q Net $643.1M; 07/03/2018 – ADP Report: U.S. Job Market Red Hot, Threatens to Overheat; 07/03/2018 MEDIA-France to go ahead with privatisation of ADP -BFM Business; 18/04/2018 – AUTOMATIC DATA PROCESSING INC – APPOINTMENTS EXPAND ADP BOARD OF DIRECTORS TO 12 MEMBERS CURRENTLY; 10/04/2018 – U.S. ADP March National Franchise Report (Table); 02/05/2018 – ADP Increases Profit Guidance for Year — Earnings Review; 02/05/2018 – ADP Report: Unemployment in Threes Is Rarified and Risky Territory, as Economy Threatens to Overheat; 02/05/2018 – Private payrolls grow by 204K in April vs. 203K est.: ADP/Moody’s Analytics; 07/03/2018 – lngo Money Provides Real-Time Mobile Check Funding Option to ADP® Paycards; 15/03/2018 – FRENCH GOVT SAYS HAS TAKEN NO DECISION ON AN EVENTUAL SALE OF ITS STAKE IN ADP ADP.PA

More notable recent Fortinet, Inc. (NASDAQ:FTNT) news were published by: Globenewswire.com which released: “Fortinet to Announce First Quarter 2019 Financial Results – GlobeNewswire” on April 02, 2019, also Nasdaq.com with their article: “salesforce (CRM) Invests in Onfido to Boost AI Capabilities – Nasdaq” published on April 05, 2019, Nasdaq.com published: “SYNNEX (SNX) Q1 Earnings Surpass Estimates, Revenues Match – Nasdaq” on March 29, 2019. More interesting news about Fortinet, Inc. (NASDAQ:FTNT) were released by: Nasdaq.com and their article: “Indexes Within Striking Distance of Record High: 5 Top Picks – Nasdaq” published on April 05, 2019 as well as Nasdaq.com‘s news article titled: “Volkswagen Groupe Retail France Deploys Fortinet’s Secure SD-WAN to Improve WAN Performance and Management – Nasdaq” with publication date: March 20, 2019.

Analysts await Fortinet, Inc. (NASDAQ:FTNT) to report earnings on May, 2. They expect $0.20 earnings per share, up 17.65% or $0.03 from last year’s $0.17 per share. FTNT’s profit will be $34.13M for 115.89 P/E if the $0.20 EPS becomes a reality. After $0.42 actual earnings per share reported by Fortinet, Inc. for the previous quarter, Wall Street now forecasts -52.38% negative EPS growth.

Since November 7, 2018, it had 0 insider buys, and 17 selling transactions for $42.17 million activity. O’Brien Dermot J also sold $2.50 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) shares. $14.98 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Rodriguez Carlos A. Another trade for 4,082 shares valued at $527,231 was sold by Dyson Deborah L. The insider JONES JOHN P III sold 5,688 shares worth $736,301. Politi Douglas W sold $875,129 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Tuesday, February 5. $236,629 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) shares were sold by Black Maria.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on May, 1. They expect $1.69 EPS, up 11.18% or $0.17 from last year’s $1.52 per share. ADP’s profit will be $736.22 million for 24.16 P/E if the $1.69 EPS becomes a reality. After $1.34 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts 26.12% EPS growth.

Investors sentiment increased to 0.82 in Q4 2018. Its up 0.07, from 0.75 in 2018Q3. It improved, as 61 investors sold ADP shares while 442 reduced holdings. 115 funds opened positions while 295 raised stakes. 359.86 million shares or 8.38% more from 332.04 million shares in 2018Q3 were reported. Hartford Invest Mngmt Com holds 70,144 shares. Ashfield Cap Ltd Liability has 27,987 shares. Segall Bryant Hamill Ltd Liability Com, a Illinois-based fund reported 1,835 shares. Cypress Capital Gp has 10,402 shares for 0.31% of their portfolio. Valmark Advisers reported 2,178 shares or 0.01% of all its holdings. Cornerstone Advsr holds 350 shares. Page Arthur B reported 30,785 shares stake. 9,119 were reported by Princeton Port Strategies Grp Inc Lc. Front Barnett Assocs Ltd Liability Co holds 0.11% or 4,700 shares in its portfolio. Employees Retirement Of Texas invested 0.08% in Automatic Data Processing, Inc. (NASDAQ:ADP). California-based Wells Fargo And Com Mn has invested 0.42% in Automatic Data Processing, Inc. (NASDAQ:ADP). Adirondack Com reported 0.7% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Main Street Research Lc, California-based fund reported 4,073 shares. Sei reported 273,518 shares stake. Tctc Liability has invested 0.41% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP).

Automatic Data Processing, Inc. (NASDAQ:ADP) Institutional Positions Chart