KLCM Advisors Inc. Makes New $1.36 Million Investment in Fortinet, Inc. $FTNT

KLCM Advisors Inc. bought a new stake in Fortinet, Inc. (NASDAQ:FTNT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,125 shares of the software maker’s stock, valued at approximately $1,356,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. LSV Asset Management acquired a new stake in Fortinet during the 2nd quarter worth $25,000. Financial Consulate Inc. acquired a new position in Fortinet in the 3rd quarter valued at about $25,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Fortinet during the 3rd quarter valued at approximately $25,000. Pinnacle Holdings LLC acquired a new stake in Fortinet during the 3rd quarter worth approximately $25,000. Finally, Ameriflex Group Inc. acquired a new stake in Fortinet during the 3rd quarter worth approximately $25,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Transactions at Fortinet

In related news, CEO Ken Xie sold 175,737 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 $14,308,506.54. Following the completion of the transaction, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction 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 directly owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 17.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FTNT. Piper Sandler reissued a “neutral” rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a report on Monday, January 5th. Scotiabank downgraded Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price target for the company. in a report on Monday, February 2nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 price objective on shares of Fortinet in a research report on Monday, November 24th. Barclays set a $88.00 price objective on shares of Fortinet in a research note on Tuesday, February 3rd. Finally, Truist Financial set a $88.00 target price on shares of Fortinet in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $88.62.

Fortinet Trading Down 0.9%

NASDAQ:FTNT opened at $83.48 on Thursday. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $109.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The stock has a fifty day moving average price of $80.45 and a two-hundred day moving average price of $81.60. The stock has a market capitalization of $61.77 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.91 and a beta of 1.05.

Fortinet (NASDAQ:FTNT) last issued its earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $0.74 EPS. The business’s revenue was up 14.8% on a year-over-year basis. 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, sell-side analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Fortinet 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.