Analyst Activity – Dougherty & Co Raises Its Price Target On Fortinet (NASDAQ:FTNT) to $48.00

ME Staff
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Analyst Ratings For Fortinet (NASDAQ:FTNT)

Today, Dougherty & Co raised its price target on Fortinet (NASDAQ:FTNT) to $48.00 per share.

There are 7 hold ratings, 19 buy ratings on the stock.

The current consensus rating on Fortinet (NASDAQ:FTNT) is Buy (Score: 2.73) with a consensus target price of $40.96 per share, a potential 6.60% upside.

Some recent analyst ratings include

  • 7/5/2017-OTR Global Upgrade from a “Positive” rating to a “” rating.
  • 6/29/2017-Northland Securities initiated coverage with a Outperform rating.
  • 6/22/2017-Oppenheimer Holdings, Inc. Reiterated Rating of Outperform.
  • 6/14/2017-Monness Crespi & Hardt initiated coverage with a Buy rating.

Recent Insider Trading Activity For Fortinet (NASDAQ:FTNT)
Fortinet (NASDAQ:FTNT) has insider ownership of 16.40% and institutional ownership of 72.84%.

  • On 6/8/2017 Ming Hsieh, Director, sold 4,743 with an average share price of $39.29 per share and the total transaction amounting to $186,352.47. View SEC Filing
  • On 5/17/2017 Keith Jensen, Insider, sold 624 with an average share price of $40.73 per share and the total transaction amounting to $25,415.52. View SEC Filing
  • On 5/10/2017 Keith Jensen, Insider, sold 1,850 with an average share price of $39.42 per share and the total transaction amounting to $72,927.00. View SEC Filing
  • On 5/5/2017 John Whittle, VP, sold 5,583 with an average share price of $40.00 per share and the total transaction amounting to $223,320.00. View SEC Filing
  • On 5/2/2017 John Whittle, VP, sold 11,057 with an average share price of $39.45 per share and the total transaction amounting to $436,198.65. View SEC Filing
  • On 5/1/2017 Christopher B Paisley, Director, sold 6,000 with an average share price of $39.04 per share and the total transaction amounting to $234,240.00. View SEC Filing
  • On 3/1/2017 Matto Andrew H Del, CFO, sold 3,250 with an average share price of $36.96 per share and the total transaction amounting to $120,120.00. View SEC Filing

Recent Trading Activity for Fortinet (NASDAQ:FTNT)
Shares of Fortinet closed the previous trading session at 38.42 down -2.16 -5.32% with 1,940,093 shares trading hands.