Fortinet Inc. (FTNT) VP & CFO Kenneth A Goldman sells 45,000 Shares

VP & CFO of Fortinet Inc. (FTNT) Kenneth A Goldman sells 45,000 shares of FTNT on 02/03/2012 at an average price of $25.48 a share.

Fortinet Inc. has a market cap of $3.91 billion; its shares were traded at around $25.38 with a P/E ratio of 65.9 and P/S ratio of 12.1.

This is the annual revenues and earnings per share of FTNT over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of FTNT.

CEO Recent Trades:

• President & CEO Ken Xie sold 120,000 shares of FTNT stock on 12/06/2011 at the average price of 24.72. Ken Xie owns at least 13,000,650 shares after this. The price of the stock has increased by 2.67% since.
• President & CEO, 10% Owner Ken Xie sold 60,000 shares of FTNT stock on 11/03/2011 at the average price of 24. Ken Xie owns at least 13,144,650 shares after this. The price of the stock has increased by 5.75% since.
• President & CEO, 10% Owner Ken Xie sold 60,000 shares of FTNT stock on 11/01/2011 at the average price of 22.33. Ken Xie owns at least 13,216,650 shares after this. The price of the stock has increased by 13.66% since.

CFO Recent Trades:

• VP & CFO Kenneth A Goldman sold 4,000 shares of FTNT stock on 12/29/2011 at the average price of 21.32. The price of the stock has increased by 19.04% since.
• VP & CFO Kenneth A Goldman sold 4,000 shares of FTNT stock on 11/29/2011 at the average price of 23.37. The price of the stock has increased by 8.6% since.
• VP & CFO Kenneth A Goldman sold 66,520 shares of FTNT stock on 11/01/2011 at the average price of 22.27. The price of the stock has increased by 13.96% since.
• VP & CFO Kenneth A Goldman sold 4,000 shares of FTNT stock on 08/29/2011 at the average price of 19.09. The price of the stock has increased by 32.95% since.
• VP & CFO Kenneth A Goldman sold 22,000 shares of FTNT stock on 08/22/2011 at the average price of 17.69. The price of the stock has increased by 43.47% since.

This is the insider trade history vs. stock price of FTNT. For the complete insider trading history of FTNT, click here.

Directors and Officers Recent Trades:

• VP & General Counsel John Whittle sold 1,042 shares of FTNT stock on 12/12/2011 at the average price of 24.02. The price of the stock has increased by 5.66% since.
• VP & General Counsel John Whittle sold 4,998 shares of FTNT stock on 12/01/2011 at the average price of 23.78. The price of the stock has increased by 6.73% since.
• Director Hong Liang Lu sold 25,000 shares of FTNT stock on 11/29/2011 at the average price of 23.08. The price of the stock has increased by 9.97% since.
• VP & General Counsel John Whittle sold 1,042 shares of FTNT stock on 11/10/2011 at the average price of 23.64. The price of the stock has increased by 7.36% since.
• VP & General Counsel John Whittle sold 11,038 shares of FTNT stock on 11/01/2011 at the average price of 22.39. The price of the stock has increased by 13.35% since.

For the complete insider trading history of FTNT, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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