Analyst Downgrades – NASDAQ:FTNT – Fortinet (NASDAQ:FTNT) Stock Gets Downgraded By Morgan Stanley from Overweight to Equal Weight

ME Staff
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Analyst Ratings For NASDAQ:FTNT – Fortinet (NASDAQ:FTNT)

Today, NASDAQ:FTNT – Fortinet (NASDAQ:FTNT) stock was downgraded by Morgan Stanley from Overweight to Equal Weight with a price target of $53.00.

Some recent analyst ratings include

  • 4/11/2018-Morgan Stanley was Downgraded by analysts at Morgan Stanley from a “Overweight ” rating to a ” Equal Weight” rating. They now have a $53.00 price target on the stock.
  • 3/29/2018-BMO Capital Markets Reiterated Rating of Outperform .
  • 3/22/2018-KeyCorp Reiterated Rating of Equal Weight.
  • 2/28/2018-Monness Crespi & Hardt Reiterated Rating of Buy .
  • 2/28/2018-Credit Suisse Group Reiterated Rating of Sell.
  • 2/28/2018-Piper Jaffray Reiterated Rating of Overweight.

Recent Insider Trading Activity For NASDAQ:FTNT – Fortinet (NASDAQ:FTNT)
NASDAQ:FTNT – Fortinet (NASDAQ:FTNT) has insider ownership of 17.00% and institutional ownership of 68.73%.

  • On 3/12/2018 John Whittle, VP, sold 624 with an average share price of $54.44 per share and the total transaction amounting to $33,970.56.
  • On 2/15/2018 John Whittle, VP, sold 679 with an average share price of $48.69 per share and the total transaction amounting to $33,060.51.
  • On 2/12/2018 Christopher B Paisley, Director, sold 4,000 with an average share price of $46.71 per share and the total transaction amounting to $186,840.00.
  • On 2/12/2018 John Whittle, VP, sold 29,946 with an average share price of $47.00 per share and the total transaction amounting to $1,407,462.00.
  • On 2/8/2018 Ken Xie, CEO, sold 89,423 with an average share price of $45.08 per share and the total transaction amounting to $4,031,188.84.
  • On 2/5/2018 John Whittle, VP, sold 11,728 with an average share price of $44.81 per share and the total transaction amounting to $525,531.68.
  • On 2/2/2018 Michael Xie, VP, sold 19,790 with an average share price of $45.30 per share and the total transaction amounting to $896,487.00.

Recent Trading Activity for NASDAQ:FTNT – Fortinet (NASDAQ:FTNT)
Shares of NASDAQ:FTNT – Fortinet closed the previous trading session at 55.54 down -0.69 1.23% with 371407 shares trading hands.