4,560 Shares in Fortinet, Inc. $FTNT Acquired by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC bought a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,560 shares of the software maker’s stock, valued at approximately $362,000.

Several other large investors also recently bought and sold shares of FTNT. Vanguard Group Inc. grew its position in Fortinet by 4.0% in the third quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock valued at $6,354,874,000 after acquiring an additional 2,894,355 shares in the last quarter. Van ECK Associates Corp grew its position in Fortinet by 62.1% in the third quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker’s stock valued at $467,868,000 after acquiring an additional 2,132,109 shares in the last quarter. First Trust Advisors LP grew its position in Fortinet by 30.9% in the third quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock valued at $636,962,000 after acquiring an additional 1,790,033 shares in the last quarter. Invesco Ltd. grew its position in Fortinet by 17.0% in the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after acquiring an additional 1,568,337 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Fortinet by 23.1% in the third quarter. Ameriprise Financial Inc. now owns 5,160,348 shares of the software maker’s stock valued at $430,082,000 after acquiring an additional 969,899 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Performance

Shares of FTNT opened at $115.44 on Tuesday. The business’s fifty day moving average price is $84.43 and its 200 day moving average price is $82.40. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $115.49. The stock has a market capitalization of $84.51 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 3.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business posted $0.58 earnings per share. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Equities research analysts forecast that Fortinet, Inc. will post 2.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Weiss Ratings raised shares of Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. BTIG Research raised shares of Fortinet from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Thursday, May 7th. Citigroup increased their price objective on shares of Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Fortinet from $73.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group set a $90.00 price objective on shares of Fortinet in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fortinet currently has a consensus rating of “Hold” and a consensus target price of $100.45.

Insider Buying and Selling at Fortinet

In related news, VP Michael Xie sold 2,478 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $88.89, for a total transaction of $220,269.42. Following the transaction, the vice president directly owned 9,927,517 shares in the company, valued at $882,456,986.13. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ken Xie sold 5,355 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $88.90, for a total value of $476,059.50. Following the transaction, the chief executive officer owned 52,978,004 shares in the company, valued at $4,709,744,555.60. This trade represents a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 17.60% of the company’s stock.

Fortinet News Summary

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: BTIG highlighted Fortinet as a potential winner from rising post-quantum cryptography spending, which could open a new growth opportunity for cybersecurity vendors. BTIG Names Fortinet and Cloudflare as Potential Winners from Rising Post-Quantum Spending
• Positive Sentiment: Multiple articles described Fortinet as a growth stock and part of the AI/security investment theme, which may be improving sentiment around future demand. Fortinet (FTNT) is a Top-Ranked Growth Stock: Should You Buy?
• Positive Sentiment: Fortinet was also described as hitting a fresh 52-week high, signaling strong momentum and investor confidence in the stock’s fundamentals. Fortinet, Inc. (FTNT) Hits Fresh High: Is There Still Room to Run?
• Positive Sentiment: Analyst note flow was constructive, including a reported price-target increase and a bullish forecast from Citigroup, adding support to the recent move. Fortinet (NASDAQ:FTNT) Price Target Raised to $110.00
• Neutral Sentiment: One short-interest update showed no meaningful change in reported short interest, so it does not appear to be a major driver of the stock’s move.

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.