Fortinet Inc (FTNT) Files Form 4 Insider Selling : Keith Jensen Sells 1,100 Shares

Fortinet Inc (FTNT): Keith Jensen , Chief Accounting Officer of Fortinet Inc sold 1,100 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $31.60 per share for a total value of $34,760.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Michael Xie (VP, Engineering & CTO) sold 14,123 shares at $32.50 per share price.On May 3, 2016, John Whittle (VP CorpDev&Strat Alliance, GC) sold 1,435 shares at $32.48 per share price.Also, On May 3, 2016, Matto Andrew H Del (Chief Financial Officer) sold 6,250 shares at $32.18 per share price.On Feb 17, 2016, Christopher B Paisley (director) sold 6,000 shares at $24.70 per share price.

Shares of Fortinet Inc (FTNT) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.07 points or -0.22% at $31.99 with 26,59,795 shares getting traded. Post opening the session at $31.6, the shares hit an intraday low of $31.08 and an intraday high of $32.01 and the price vacillated in this range throughout the day. The company has a market cap of $5,490 M and the number of outstanding shares has been calculated to be 17,16,03,610 shares. The 52-week high of Fortinet Inc is $50.31 and the 52-week low is $23.16.

Fortinet Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Fortinet Inc is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $38 .The Rating was issued on Apr 27, 2016.Fortinet Inc is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 41 from a previous price target of $35 .The Rating was issued on Apr 27, 2016.Fortinet Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $37 .The Rating was issued on Apr 27, 2016.Fortinet Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $35 .The Rating was issued on Apr 27, 2016.Fortinet Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $32 .The Rating was issued on Apr 26, 2016.

Fortinet Inc. provides cyber security solutions to enterprise service providers and government organizations across the world. The Company’s network security solution consists of FortiGate physical and virtual appliance products that provide an array of integrated security and networking functions to protect data applications and users from network-and content-level security threats. The Company’s’ FortiGate appliances may be deployed as Next Generation Firewalls (NGFW) Data Center Firewalls (DCFW) Unified Threat Management (UTM) systems Internal Network Firewall (INFW) Virtual Machine Firewalls or Cloud Firewalls. The FortiGate appliances range from the FortiGate-20 series for small businesses and branch offices to the FortiGate-5000 series for enterprises and service providers and are based on its technology platform. Its security services are based on intelligence gathered by its FortiGuard Labs team.

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