Fortinet, Inc. $FTNT Shares Bought by Trilogy Capital Inc.

Trilogy Capital Inc. lifted its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 7.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,572 shares of the software maker’s stock after buying an additional 3,667 shares during the quarter. Trilogy Capital Inc.’s holdings in Fortinet were worth $8,230,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FTNT. Norges Bank acquired a new position in Fortinet in the fourth quarter valued at $1,152,917,000. Arrowstreet Capital Limited Partnership increased its position in shares of Fortinet by 87.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 9,651,024 shares of the software maker’s stock worth $788,682,000 after purchasing an additional 4,500,194 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Fortinet by 45.5% in the 1st quarter. First Trust Advisors LP now owns 11,506,173 shares of the software maker’s stock valued at $940,284,000 after purchasing an additional 3,598,487 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Fortinet by 38.9% in the 4th quarter. Van ECK Associates Corp now owns 7,730,954 shares of the software maker’s stock valued at $613,915,000 after purchasing an additional 2,166,396 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Fortinet by 76.2% in the 4th quarter. AQR Capital Management LLC now owns 4,109,016 shares of the software maker’s stock valued at $326,297,000 after purchasing an additional 1,777,115 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. TD Cowen reaffirmed a “buy” rating and set a $215.00 price target (up from $160.00) on shares of Fortinet in a research report on Monday, July 13th. UBS Group restated a “neutral” rating and set a $180.00 target price on shares of Fortinet in a research report on Thursday. Stephens set a $115.00 target price on shares of Fortinet and gave the company an “equal weight” rating in a report on Thursday, May 7th. Barclays set a $190.00 price target on shares of Fortinet and gave the company an “equal weight” rating in a research report on Thursday. Finally, BMO Capital Markets increased their price target on shares of Fortinet from $170.00 to $185.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $150.91.

Insider Buying and Selling at Fortinet

In other news, VP Michael Xie sold 3,907 shares of Fortinet stock in a transaction dated 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 of the company’s stock, valued at $1,453,213,448.40. The trade was a 0.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 dated Thursday, May 21st. The stock was sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the transaction, the chief operating officer directly owned 94,724 shares of the company’s stock, valued at $12,163,508.84. This represents a 60.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 310,554 shares of company stock valued at $42,706,734. 17.60% of the stock is owned by company insiders.

Fortinet Stock Up 0.8%

FTNT opened at $163.21 on Tuesday. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $170.35. The business has a 50 day moving average price of $151.09 and a two-hundred day moving average price of $109.91. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. The company has a market cap of $119.75 billion, a PE ratio of 57.47, a P/E/G ratio of 3.93 and a beta of 1.07.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.15. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.89 billion. Fortinet had a return on equity of 191.54% and a net margin of 28.17%.The company’s revenue was up 25.6% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. As a group, research analysts anticipate that Fortinet, Inc. will post 2.82 EPS for the current 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.