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Market Movers - Software Equities -- Research on Splunk, Red Hat, Fortinet, and SAP AG

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LONDON, April 8, 2014 /PRNewswire/ --

The trading session on Monday, April 07, 2014 ended on a negative note as the Dow Jones Industrial Average finished at 16,245.87, down 1.02%, and the NASDAQ Composite closed at 4,079.75, down 1.16%. The S&P 500 finished the session 1.08% lower at 1,845.04. The losses were broad based as nine out of ten sectors posted losses. The S&P 500 Information Technology Sector Index finished the day at 582.77, down 0.75%, while the same has gained 0.41% in the previous three months. Investor-Edge has initiated coverage on the following equities: Splunk Inc. (NASDAQ: SPLK), Red Hat Inc. (NYSE: RHT), Fortinet Inc. (NASDAQ: FTNT) and SAP AG (NYSE: SAP). Free technical research on SPLK, RHT, FTNT and SAP can be downloaded upon signing up at:

http://www.investor-edge.com/908-register

Splunk Inc.'s stock finished the session 3.37% lower at $60.57. A total of 8.28 million shares were traded, which is above their three months average volume of 2.30 million shares. The stock fluctuated between $58.29 and $64.22 during the session. Splunk Inc.'s stock has fallen by 14.83% in the previous three trading sessions, 31.67% in the last one month and 11.80% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $82.20 and $65.62, respectively. Furthermore, the stock has a Relative Strength Index (RSI) of 26.82. Sign up today to read free research on SPLK at:

http://www.investor-edge.com/908-SPLK-08Apr2014.pdf

Shares in Red Hat Inc. reported a trading volume of 2.72 million shares, as compared with its three months average volume of 1.75 million shares. The stock ended the day 1.21% lower at $49.85, and at an intraday range of $49.49 and $50.90. The company's shares traded at a PE ratio of 53.18. Red Hat Inc.'s shares have lost 6.14% in the previous three trading sessions, 17.63% in the last month and 11.05% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $57.21 and $51.32, respectively. Further, the stock has an RSI of 26.64. Sign up today to read free research on RHT at:

http://www.investor-edge.com/908-RHT-08Apr2014.pdf

On Monday, shares in Fortinet Inc. gained 1.27% to close the day at $22.29. The stock recorded a trading volume of 3.25 million shares as compared with its three months average volume of 3.05 million shares. The stock oscillated between $21.90 and $22.72 during the trading session. Shares of the company traded at a PE ratio of 87.65. Fortinet Inc.'s shares have fallen by 2.15% in the previous three trading sessions and 4.70% in the last one month, while the same has advanced 16.52% on YTD basis. The stock is trading below its 50-day moving average. Fortinet Inc.'s 50-day moving average of $22.38 is above its 200-day moving average of $20.43. Moreover, the stock has an RSI of 44.45. Sign up today to read free research on FTNT at:

http://www.investor-edge.com/908-FTNT-08Apr2014.pdf

SAP AG's stock recorded a trading volume of 0.98 million shares, as compared with its three months average volume of 1.12 million shares. The stock ended the day at $79.47, down 1.38%, after vacillating between $79.10 and $80.36. SAP AG's shares have advanced 1.64% in the last one month, while the same has fallen by 1.88% in the previous three trading sessions and 8.80% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $78.27 and $77.47, respectively. Additionally, shares of the company have an RSI of 58.15. Sign up today to read free research on SAP at:

http://www.investor-edge.com/908-SAP-08Apr2014.pdf


===============
EDITOR'S NOTES:
===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

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