Diversify Advisory Services LLC Has $3.36 Million Holdings in Fortinet, Inc. $FTNT

Diversify Advisory Services LLC lifted its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 257.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,361 shares of the software maker’s stock after buying an additional 27,616 shares during the quarter. Diversify Advisory Services LLC’s holdings in Fortinet were worth $3,357,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. LSV Asset Management acquired a new position in shares of Fortinet during the 2nd quarter valued at $25,000. Pinnacle Holdings LLC acquired a new stake in Fortinet in the third quarter worth $25,000. Financial Consulate Inc. acquired a new stake in Fortinet in the third quarter worth $25,000. Steigerwald Gordon & Koch Inc. bought a new stake in Fortinet in the third quarter valued at $25,000. Finally, Ameriflex Group Inc. bought a new stake in Fortinet in the third quarter valued at $25,000. Institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FTNT. Oppenheimer reissued a “market perform” rating on shares of Fortinet in a research report on Friday, January 23rd. Citigroup reaffirmed a “neutral” rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a research report on Monday, February 9th. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price target (up from $85.00) on shares of Fortinet in a research note on Monday, January 5th. Morgan Stanley reiterated an “underweight” rating and issued a $70.00 price target (up from $66.00) on shares of Fortinet in a report on Thursday, December 18th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $90.00 price objective (up from $85.00) on shares of Fortinet in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.62.

Insider Buying and Selling

In other news, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares in the company, valued at $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ken Xie sold 175,737 shares of Fortinet 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 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.

Fortinet Stock Up 0.2%

Shares of NASDAQ FTNT opened at $83.81 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. The company has a 50-day moving average price of $80.29 and a 200-day moving average price of $81.55. The stock has a market capitalization of $62.01 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.89 and a beta of 1.05. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $109.33.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. On average, equities research analysts forecast that Fortinet, Inc. will post 2.09 EPS 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.