4,659 Shares in Fortinet, Inc. $FTNT Acquired by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC acquired a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) during the 1st quarter, Holdings Channel.com reports. The firm acquired 4,659 shares of the software maker’s stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FTNT. Sei Investments Co. lifted its holdings in shares of Fortinet by 61.2% in the 1st quarter. Sei Investments Co. now owns 433,321 shares of the software maker’s stock worth $35,412,000 after buying an additional 164,517 shares during the period. Alamar Capital Management LLC purchased a new position in shares of Fortinet during the first quarter valued at $2,346,000. Lido Advisors LLC increased its stake in shares of Fortinet by 13.2% during the first quarter. Lido Advisors LLC now owns 185,050 shares of the software maker’s stock valued at $15,122,000 after buying an additional 21,528 shares during the period. State of Wyoming raised its holdings in shares of Fortinet by 6.3% in the first quarter. State of Wyoming now owns 7,853 shares of the software maker’s stock valued at $642,000 after acquiring an additional 462 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Fortinet by 22.5% in the first quarter. Cetera Investment Advisers now owns 224,350 shares of the software maker’s stock valued at $18,334,000 after acquiring an additional 41,233 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

Fortinet Stock Performance

Shares of Fortinet stock opened at $151.54 on Friday. The company has a market capitalization of $111.03 billion, a PE ratio of 58.51, a P/E/G ratio of 4.22 and a beta of 1.09. The company has a 50-day simple moving average of $147.43 and a two-hundred day simple moving average of $106.13. Fortinet, Inc. has a one year low of $70.12 and a one year high of $170.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The business 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 earned $0.58 EPS. The company’s revenue was up 20.1% compared to the same quarter last year. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Research analysts expect that Fortinet, Inc. will post 2.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FTNT. Bank of America increased their target price on shares of Fortinet from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Barclays upped their price target on shares of Fortinet from $155.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Wall Street Zen upgraded shares of Fortinet from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. UBS Group lifted their price objective on shares of Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $160.00 price objective on shares of Fortinet in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Fortinet currently has an average rating of “Hold” and an average target price of $123.61.

Insiders Place Their Bets

In other Fortinet news, VP Michael Xie sold 3,907 shares of Fortinet 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 transaction, the vice president directly owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $128.41, for a total value of $18,749,786.15. Following the sale, the chief operating officer owned 94,724 shares of the company’s stock, valued at approximately $12,163,508.84. This represents a 60.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 318,387 shares of company stock valued at $43,403,063. 17.60% of the stock is currently owned by insiders.

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.