Insight Wealth Strategies LLC Acquires 13,099 Shares of Fortinet, Inc. $FTNT

Insight Wealth Strategies LLC boosted its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 30.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,127 shares of the software maker’s stock after buying an additional 13,099 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Fortinet were worth $4,457,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Fortinet by 2.2% in the 4th quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after acquiring an additional 221 shares in the last quarter. Bison Wealth LLC acquired a new position in Fortinet during the fourth quarter valued at approximately $585,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Fortinet in the second quarter valued at approximately $603,000. Cetera Investment Advisers lifted its stake in shares of Fortinet by 7.1% in the second quarter. Cetera Investment Advisers now owns 164,728 shares of the software maker’s stock worth $17,415,000 after buying an additional 10,934 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Fortinet by 45.5% during the 2nd quarter. Avantax Advisory Services Inc. now owns 27,075 shares of the software maker’s stock worth $2,862,000 after buying an additional 8,465 shares during the period. 83.71% of the stock is currently owned by institutional investors.

Insider Transactions at Fortinet

In related news, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Michael Xie sold 343,106 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This trade represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FTNT shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $83.00 target price on shares of Fortinet in a report on Friday, February 6th. Evercore set a $80.00 price target on shares of Fortinet in a report on Friday, February 6th. Rosenblatt Securities lifted their price objective on Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. TD Cowen raised Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, January 23rd. Finally, Robert W. Baird set a $90.00 target price on Fortinet in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $88.62.

Fortinet Stock Performance

FTNT opened at $83.39 on Thursday. The stock’s 50 day simple moving average is $80.96 and its 200-day simple moving average is $81.79. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The stock has a market cap of $61.70 billion, a PE ratio of 34.32, a P/E/G ratio of 2.87 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 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 return on equity of 124.21% and a net margin of 27.26%.The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business earned $0.74 earnings per share. Fortinet’s quarterly 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. Sell-side analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current year.

About Fortinet

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.