Fortinet, Inc. (NASDAQ:FTNT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Fortinet, Inc. (NASDAQ:FTNT) have been assigned a consensus recommendation of “Hold” from the thirty-two research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, twenty-two have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $88.6154.

Several brokerages have recently issued reports on FTNT. Robert W. Baird set a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. Jefferies Financial Group set a $90.00 price target on Fortinet in a report on Friday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a report on Friday, January 23rd. Scotiabank downgraded shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price on the stock. in a research report on Monday, February 2nd. Finally, Barclays set a $88.00 price target on shares of Fortinet in a research report on Tuesday, February 3rd.

Fortinet Price Performance

Fortinet stock opened at $81.40 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. Fortinet has a 52 week low of $70.12 and a 52 week high of $109.33. The stock has a market capitalization of $60.23 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.81 and a beta of 1.05. The stock has a fifty day moving average of $81.10 and a 200-day moving average of $81.85.

Fortinet (NASDAQ:FTNT) last released its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. 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, sell-side analysts expect that Fortinet will post 2.09 earnings per share for the current fiscal year.

Insider Transactions at Fortinet

In other Fortinet 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 completion of the sale, the vice president 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. This represents a 0.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 17.20% of the company’s stock.

Institutional Investors Weigh In On Fortinet

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LSV Asset Management purchased a new stake in shares of Fortinet in the second quarter valued at about $25,000. Financial Consulate Inc. bought a new position in Fortinet during the third quarter valued at $25,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Fortinet in the 3rd quarter worth about $25,000. Pinnacle Holdings LLC purchased a new position in shares of Fortinet in the third quarter worth about $25,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Fortinet during the 3rd quarter valued at approximately $25,000. 83.71% of the stock is owned by institutional investors.

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.