Fortinet Inc (NASDAQ:FTNT) price target raised to $70.00 by Monness Crespi & Hardt

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

Today, Monness Crespi & Hardt raised its price target on Fortinet Inc (NASDAQ:FTNT) to $70.00 per share.

There are 12 Hold Ratings, 9 Buy Ratings, 1 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Fortinet Inc (NASDAQ:FTNT) is Hold with a consensus target price of $56.4737 per share, a potential 10.22% downside.

Some recent analyst ratings include

  • 7/19/2018-Cleveland Research Upgrade from a “Neutral ” rating to a ” Buy” rating.
  • 6/19/2018-Cowen was Downgraded by analysts at Cowen from a “Outperform ” rating to a ” Market Perform” rating. They now have a N/A price target on the stock.

Recent Insider Trading Activity For Fortinet Inc (NASDAQ:FTNT)
Fortinet Inc (NASDAQ:FTNT) has insider ownership of 17.70% and institutional ownership of 69.32%.

  • On 6/18/2018 John Whittle, VP, sold 1,250 with an average share price of $64.98 per share and the total transaction amounting to $81,225.00.
  • On 5/24/2018 John Whittle, VP, sold 1,250 with an average share price of $60.00 per share and the total transaction amounting to $75,000.00.
  • On 5/24/2018 Ken Xie, CEO, sold 50,000 with an average share price of $60.51 per share and the total transaction amounting to $3,025,500.00.
  • On 5/16/2018 Keith Jensen, CFO, sold 3,424 with an average share price of $59.24 per share and the total transaction amounting to $202,837.76.
  • On 5/10/2018 John Whittle, VP, sold 1,250 with an average share price of $60.00 per share and the total transaction amounting to $75,000.00.
  • On 5/10/2018 Judith Sim, Director, sold 7,500 with an average share price of $60.05 per share and the total transaction amounting to $450,375.00.
  • On 5/10/2018 Keith Jensen, CFO, sold 12,925 with an average share price of $59.87 per share and the total transaction amounting to $773,819.75.

About Fortinet Inc (NASDAQ:FTNT)
Fortinet, Inc. provides broad, automated, and integrated cybersecurity solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and WAN acceleration; and FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of products, which offers a cloud-ready security information and event management solution for enterprises and service providers. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices, such as computers and laptops, as well as an expanding field of Internet of Things devices; and Fortinet Management and Analysis products consisting of FortiManager and FortiAnalyzer hardware and software products. In addition, it provides security subscription, technical support, professional, and training services. The company sells its security solutions to channel partners; and directly to end-customers, including small and medium-sized businesses, large enterprises, and government organizations in a range of industries consisting of telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Fortinet, Inc. was founded in 2000 and is headquartered in Sunnyvale, California.

Recent Trading Activity for Fortinet Inc (NASDAQ:FTNT)
Shares of Fortinet Inc closed the previous trading session at 62.97 up +0.19 0.30% with 63.74 shares trading hands.