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Weekly Guru Bargains Highlights: FTNT, VVUS, HAE, PC, TIBX

December 09, 2012 | About:
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. Fortinet, Inc. (FTNT): Down 22% Since Paul Tudor Jones Bought in the Quarter Ended on 9-30-2012

Paul Tudor Jones added to his holdings in Electronic Equipment company Fortinet Inc. by 136% during the quarter ended 9/30/2012. His purchase prices were between $20.93 and $27.68, with an estimated average price of $24.64. Since then the prices of Fortinet Inc. shares have declined by -22% from the estimated average. Paul Tudor Jones owned 53,100 shares of as of 9/30/2012.

Fortinet Inc, was incorporated in Delaware in October 2000. Fortinet Inc. has a market cap of $3.16 billion; its shares were traded at around $19.71 with a P/E ratio of 54 and P/S ratio of 7.29.

FTNT recently reported its third quarter 2012 financial results. Total revenue was $136.3 million for the third quarter of 2012, an increase of 17% compared to $116.4 million in the same quarter of 2011. Within total revenue, product revenue was $63 million, an increase of 19% compared to the same quarter of 2011.

Vice President and CFO Kenneth A Goldman sold 6,000 shares of FTNT stock on 9/04/2012 at the average price of $26.51. The price of the stock has decreased by 25.65% since. Other insiders have also decreased their positions in the company.

Vivus (VVUS): Down 54% Since Jeremy Grantham Bought in the Quarter Ended on 9-30-2012

Jeremy Grantham initiated holdings in Medical Equipment company Vivus during the quarter ended 9/30/2012. His purchase prices were between $17.81 and $29.93, with an estimated average price of $23.45. Since then the prices of Vivus shares have declined by -54% from the estimated average. Jeremy Grantham owned 14,600 shares of as of 9/30/2012.

Vivus was incorporated in 1991 as a California corporation and reincorporated in 1996 as a Delaware corporation. Vivus has a market cap of $1.13 billion; its shares were traded at around $10.54 with and P/S ratio of 22.66.

Vivus recently reported its third quarter 2012 financial results. Net loss for the first nine months of 2012 was $83.2 million, or $0.85 per share, as compared to a loss of $34.7 million, or $0.42 per share, for the same period in 2011.

John Burbank owns 750,000 shares as of 9/30/2012, which accounts for 0.61% of the $2.19 billion portfolio of Passport Capital. John Burbank owns 7,377,969 shares as of 9/30/2012, which accounts for 6% of the $2.19 billion portfolio of Passport Capital. George Soros sold out his holdings in the quarter that ended on 9/30/2012.

CEO Leland F. Wilson sold 100,000 shares of VVUS stock on 7/18/2012 at the average price of $30.36. Leland F. Wilson owns at least 119,112 shares after this. The price of the stock has decreased by 65.28% since. Other insiders have also decreased their positions in the company.

Haemonetics Corp. (HAE): Down 46% Since Meridian Funds Bought in the Quarter Ended on 9-30-2012

Meridian Funds added to his holdings in Medical Equipment company Haemonetics Corp. by 21.86% during the quarter ended 9/30/2012. His purchase prices were between $68.61 and $81.4, with an estimated average price of $74.40. Since then the prices of Haemonetics Corporation shares have declined by -46% from the estimated average. Meridian Funds owned 177,300 shares of as of 9/30/2012.

Haemonetics Corp. was founded in 1971 and incorporated in Massachusetts in 1985. Haemonetics has a market cap of $2.08 billion; its shares were traded at around $40.26 with a P/E ratio of 26.05 and P/S ratio of 2.85. Haemonetics had an annual average earnings growth of 8.7% over the past 10 years. GuruFocus rated Haemonetics Corp. the business predictability rank of 4-star.

Haemonetics recently announced its second quarter fiscal 2013 financial results. The company reported second quarter 2013 net revenue of $218.2 million, up 22%, GAAP net income of $6.5 million, down 53%, and diluted earnings per share of $0.25, down 53%.

Meridian Funds owns 177,300 shares as of 9/30/2012, an increase of 21.86% from the previous quarter. This position accounts for 0.51% of the $2.79 billion portfolio of Meridian Fund. Ken Fisher owns 64,425 shares as of 9/30/2012, an increase of 14.99% from the previous quarter. This position accounts for 0.014% of the $36.13 billion portfolio of Fisher Asset Management, LLC. Third Avenue Management owns 168,722 shares as of 9/30/2012, a decrease of 49.31% of from the previous quarter. This position accounts for 0.31% of the $4.4 billion portfolio of Third Avenue Management.

President and CEO Brian Concannon sold 13,000 shares of HAE stock on 12/03/2012 at the average price of 40.75. Brian Concannon owns at least 116,286 shares after this. The price of the stock has decreased by 1.2% since. Other insiders have also decreased their positions in the company.

Pirelli & C (PC): Down 30% Since Steven Cohen Bought in the Quarter Ended on 9-30-2012

Steven Cohen added to his holdings in Consumer Electronics company Panasonic Corp. by 24.91% during the quarter ended 9/30/2012. His purchase prices were between $6.19 and $8.05, with an estimated average price of $7.08. Since then the prices of Pirelli & C shares have declined by -30% from the estimated average. Steven Cohen owned 13,547 shares of as of 9/30/2012.

Panasonic Corp. formerly known as Matsushita Electric Industrial Co. Panasonic Corp. has a market cap of $11.47 billion; its shares were traded at around $5.11 with and P/S ratio of 0.12. The dividend yield of Panasonic Corp. stocks is 1.11%. Panasonic Corporation had an annual average earnings growth of 3.3% over the past 10 years.

Dodge & Cox owns 29,026,188 shares as of 9/30/2012, which accounts for 0.25% of the $76.68 billion portfolio of Dodge & Cox.

TIBCO Software Inc. (TIBX): Down 30% Since Steven Cohen Bought in the Quarter Ended on 9-30-2012

Steven Cohen added to his holdings in Software company TIBCO Software Inc. by 557.68% during the quarter ended 9/30/2012. His purchase prices were between $26.43 and $32.60, with an estimated average price of $29.11. Since then the prices of TIBCO Software Inc. shares have declined by -30% from the estimated average. Steven Cohen owned 392,056 shares of as of 9/30/2012.

TIBCO Software Inc. is a Delaware Corp. It is an independent provider of infrastructure software. Tibco Software Inc. has a market cap of $4.1 billion; its shares were traded at around $20.28 with a P/E ratio of 27.23 and P/S ratio of 4.45. Tibco Software Inc. had an annual average earnings growth of 23.6% over the past 5 years.

TIBX recently announced preliminary financial results for the fourth quarter and fiscal year ended Nov. 30, 2012. For the fourth quarter, TIBCO expects total revenue to be in the range of $292 to $295 million. License revenue is expected to be in the range of $135 to $136 million.

Ken Fisher owns 257,447 shares as of 9/30/2012, which accounts for 0.022% of the $36.13 billion portfolio of Fisher Asset Management, LLC. Private Capital owns 324,702 shares as of 9/30/2012, which accounts for 0.84% of the $1.17 billion portfolio of Private Capital Management.

CEO Vivek Ranadive sold 542,000 shares of TIBX stock on 10/05/2012 at the average price of 29.01. Vivek Ranadive owns at least 8,240,483 shares after this. The price of the stock has decreased by 30.09% since.

About the author:

GuruFocus
Mariusz Skonieczny is the founder and president of Classic Value Investors, LLC, an investment management firms that builds and manages customized investment portfolios for its clients. He is the author of Why Are we So Clueless about the Stock Market? Learn How to Invest Your Money, How to Pick Stocks, and How to Make Money in the Stock Market. Email: mskonieczny [at] classicvalueinvestors [dot] com. Webpage: www.classicvalueinvestors.com

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