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Qudian Inc. (QD) Reaches $13.72 After 4.00% Down Move; Renaissance Technologies Trimmed By $4.41 Million Its Fortinet (FTNT) Holding

Renaissance Technologies Llc decreased Fortinet Inc (FTNT) stake by 2.78% reported in 2017Q3 SEC filing. Renaissance Technologies Llc sold 125,900 shares as Fortinet Inc (FTNT)’s stock rose 6.90%. The Renaissance Technologies Llc holds 4.40M shares with $157.55 million value, down from 4.52 million last quarter. Fortinet Inc now has $8.55B valuation. The stock decreased 0.12% or $0.06 during the last trading session, reaching $49.14. About 208,171 shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 20.17% since February 23, 2017 and is uptrending. It has outperformed by 3.47% the S&P500.

The stock of Qudian Inc. (NYSE:QD) is a huge mover today! The stock decreased 1.86% or $0.2599 during the last trading session, reaching $13.7201. About 345,955 shares traded. Qudian Inc. (NYSE:QD) has 0.00% since February 23, 2017 and is . It has underperformed by 16.70% the S&P500.The move comes after 5 months negative chart setup for the $4.53B company. It was reported on Feb, 23 by Barchart.com. We have $13.17 PT which if reached, will make NYSE:QD worth $181.12 million less.

Qudian Inc., together with its subsidiaries, operates online consumer finance platforms in the PeopleÂ’s Republic of China. The company has market cap of $4.53 billion. It offers small cash and merchandise credit products. It has a 13.67 P/E ratio.

Among 36 analysts covering Fortinet Inc. (NASDAQ:FTNT), 23 have Buy rating, 1 Sell and 12 Hold. Therefore 64% are positive. Fortinet Inc. had 110 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, April 14, the company rating was initiated by Evercore. Wells Fargo maintained Fortinet, Inc. (NASDAQ:FTNT) on Thursday, September 17 with “Outperform” rating. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, October 12. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Overweight” rating given on Tuesday, February 6 by Morgan Stanley. The rating was maintained by Bank of America with “Buy” on Tuesday, February 6. The firm has “Neutral” rating by Citigroup given on Tuesday, February 6. The firm has “Neutral” rating given on Wednesday, October 12 by Citigroup. The firm has “Buy” rating given on Friday, July 24 by TheStreet. Dougherty & Company maintained Fortinet, Inc. (NASDAQ:FTNT) rating on Wednesday, October 12. Dougherty & Company has “Buy” rating and $35 target. The rating was downgraded by Needham on Friday, January 29 to “Buy”.

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 $12.17M for 175.50 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.

Renaissance Technologies Llc increased American Elec Pwr Inc (NYSE:AEP) stake by 203,100 shares to 4.98 million valued at $349.92 million in 2017Q3. It also upped Exelixis Inc (NASDAQ:EXEL) stake by 1.36M shares and now owns 3.80M shares. Independent Bank Corp Mich (NASDAQ:IBCP) was raised too.

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