Analyst Upgrades – Fortinet (NASDAQ:FTNT) Stock Gets Upgraded By BMO Capital Markets from Market Perform to Outperform

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Analyst Ratings For Fortinet (NASDAQ:FTNT)

Today, Fortinet (NASDAQ:FTNT) stock received an upgrade by BMO Capital Markets from Market Perform to Outperform with a price target of $46.00.

There are 7 hold ratings, 18 buy ratings on the stock.

The current consensus rating on Fortinet (NASDAQ:FTNT) is Buy (Score: 2.72) with a consensus target price of $39.05 per share, a potential 1.40% upside.

Some recent analyst ratings include

  • 4/21/2017-BMO Capital Markets Upgrade from a “Market Perform ” rating to a ” Outperform” rating.
  • 4/17/2017-Oppenheimer Holdings Inc. Reiterated Rating of Outperform.
  • 3/29/2017-Robert W. Baird Upgrade from a “Neutral ” rating to a ” Outperform” rating.
  • 2/3/2017-Royal Bank of Canada Reiterated Rating of Hold.
  • 2/3/2017-Piper Jaffray Companies Upgrade from a “Neutral ” rating to a ” Overweight” rating.

Dividend information for Fortinet (NASDAQ:FTNT)

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Recent Insider Trading Activity For Fortinet (NASDAQ:FTNT)
Fortinet (NASDAQ:FTNT) has insider ownership of 16.40% and institutional ownership of 68.18%.

  • 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
  • On 2/21/2017 Keith Jensen, Insider, sold 3,482 with an average share price of $37.41 per share and the total transaction amounting to $130,261.62. View SEC Filing
  • On 2/8/2017 Keith Jensen, CAO, sold 2,250 with an average share price of $37.62 per share and the total transaction amounting to $84,645.00. View SEC Filing
  • On 2/8/2017 Ken Xie, CEO, sold 25,000 with an average share price of $37.59 per share and the total transaction amounting to $939,750.00. View SEC Filing
  • On 2/7/2017 Keith Jensen, CAO, sold 1,300 with an average share price of $37.97 per share and the total transaction amounting to $49,361.00. View SEC Filing
  • On 2/7/2017 Ken Xie, CEO, sold 25,000 with an average share price of $37.82 per share and the total transaction amounting to $945,500.00. View SEC Filing
  • On 2/7/2017 Matto Andrew H Del, CFO, sold 8,000 with an average share price of $37.97 per share and the total transaction amounting to $303,760.00. View SEC Filing

About Fortinet (NASDAQ:FTNT)
Fortinet, Inc. is a network security company. The Company provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. Its network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company’s product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families. Its cybersecurity platform includes a range of products, which include its FortiMail e-mail security, FortiSandbox advanced threat protection (ATP), FortiWeb Web application firewall, FortiDDos and FortiDB database security appliances, as well as its FortiClient endpoint security software, FortiAP secure wireless access points and FortiSwitch secure switch connectivity products.

Recent Trading Activity for Fortinet (NASDAQ:FTNT)
Shares of Fortinet closed the previous trading session at 38.51 up +0.08 0.21% with 864,194 shares trading hands.

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