117,344 Shares in Fortinet, Inc. $FTNT Purchased by Private Advisory Group LLC

Private Advisory Group LLC acquired a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 117,344 shares of the software maker’s stock, valued at approximately $9,318,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTNT. Financial Consulate Inc. acquired a new stake in shares of Fortinet during the third quarter valued at approximately $25,000. Steigerwald Gordon & Koch Inc. acquired a new position in Fortinet in the 3rd quarter worth approximately $25,000. Pinnacle Holdings LLC acquired a new position in Fortinet in the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new position in Fortinet during the 3rd quarter worth approximately $25,000. Finally, Wexford Capital LP acquired a new stake in Fortinet during the 3rd quarter valued at $25,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 175,737 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the transaction, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction dated 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 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 position. The SEC filing for this sale provides additional information. Corporate insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $70.00 target price (up from $66.00) on shares of Fortinet in a research report on Thursday, December 18th. Truist Financial set a $88.00 price objective on Fortinet in a research note on Tuesday, January 20th. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 target price (up from $85.00) on shares of Fortinet in a research note on Monday, January 5th. Evercore set a $80.00 price target on shares of Fortinet in a research report on Friday, February 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $90.00 price objective (up from $85.00) on shares of Fortinet in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Fortinet has an average rating of “Hold” and a consensus price target of $88.62.

Fortinet Stock Performance

Shares of NASDAQ FTNT opened at $78.20 on Monday. The stock has a market cap of $57.86 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 2.69 and a beta of 1.05. The business has a 50 day simple moving average of $81.41 and a 200 day simple moving average of $81.93. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week 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.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $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, 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.