Rare Wolf Capital LLC Invests $344,000 in Fortinet, Inc. $FTNT

Rare Wolf Capital LLC bought a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) during the 4th quarter, Holdings Channel reports. The fund bought 4,327 shares of the software maker’s stock, valued at approximately $344,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTNT. Pinnacle Holdings LLC bought a new stake in Fortinet in the third quarter valued at $25,000. Ameriflex Group Inc. bought a new position in Fortinet in the 3rd quarter worth $25,000. Wexford Capital LP bought a new position in Fortinet in the 3rd quarter worth $25,000. Palisade Asset Management LLC purchased a new stake in shares of Fortinet in the 3rd quarter worth about $28,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Fortinet during the 4th quarter valued at about $27,000. Institutional investors own 83.71% of the company’s stock.

Insider Buying and Selling at Fortinet

In related news, CEO Ken Xie sold 160,632 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total value of $23,384,806.56. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at $7,711,717,915.76. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total value of $572,141.08. Following the sale, the vice president owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. This represents a 0.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 318,387 shares of company stock worth $43,403,063. 17.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FTNT shares. Piper Sandler boosted their price target on shares of Fortinet from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Scotiabank raised their price objective on shares of Fortinet from $85.00 to $110.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Robert W. Baird set a $115.00 price objective on Fortinet in a research report on Thursday, May 7th. Wells Fargo & Company reiterated an “underweight” rating and set a $70.00 target price (up from $64.00) on shares of Fortinet in a report on Thursday, May 7th. Finally, Weiss Ratings raised Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $107.77.

Fortinet Trading Up 0.4%

Fortinet stock opened at $144.73 on Friday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $150.07. The company has a market capitalization of $106.04 billion, a price-to-earnings ratio of 55.88, a price-to-earnings-growth ratio of 3.95 and a beta of 1.11. The business’s fifty day simple moving average is $114.89 and its two-hundred day simple moving average is $93.01. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.20. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The company’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, equities analysts predict that Fortinet, Inc. will post 2.78 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.