NEOS Investment Management LLC Acquires 123,367 Shares of Fortinet, Inc. $FTNT

NEOS Investment Management LLC lifted its position in Fortinet, Inc. (NASDAQ:FTNT) by 59.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 330,315 shares of the software maker’s stock after purchasing an additional 123,367 shares during the period. NEOS Investment Management LLC’s holdings in Fortinet were worth $27,773,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FTNT. Brighton Jones LLC grew its holdings in Fortinet by 2.2% in the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock worth $976,000 after purchasing an additional 221 shares during the last quarter. Bison Wealth LLC acquired a new position in Fortinet during the 4th quarter valued at approximately $585,000. International Assets Investment Management LLC grew its position in Fortinet by 4.8% during the 2nd quarter. International Assets Investment Management LLC now owns 3,360 shares of the software maker’s stock worth $355,000 after purchasing an additional 153 shares during the period. Chicago Partners Investment Group LLC raised its position in Fortinet by 17.2% during the second quarter. Chicago Partners Investment Group LLC now owns 4,067 shares of the software maker’s stock valued at $427,000 after acquiring an additional 597 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC acquired a new position in Fortinet in the second quarter valued at approximately $291,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Fortinet news, VP Michael Xie sold 343,106 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the completion of the sale, the vice president directly owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the transaction, the chief executive officer directly owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 18.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FTNT shares. Rosenblatt Securities increased their target price on Fortinet from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Barclays set a $88.00 price target on shares of Fortinet in a research note on Tuesday, February 3rd. Mizuho raised their price objective on Fortinet from $72.00 to $74.00 and gave the company an “underperform” rating in a report on Friday, February 6th. Evercore set a $80.00 price target on shares of Fortinet in a research report on Friday, February 6th. Finally, BMO Capital Markets lifted their target price on shares of Fortinet from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fortinet has a consensus rating of “Hold” and an average price target of $89.07.

Fortinet Stock Up 1.5%

Shares of NASDAQ:FTNT opened at $85.56 on Tuesday. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $114.82. The firm’s 50 day moving average price is $80.60 and its 200 day moving average price is $81.82. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The stock has a market cap of $63.63 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.95 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, equities research analysts predict that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Fortinet Company Profile

Fortinet, Inc (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform.