Fortinet (NASDAQ:FTNT) Price Target Raised to $95.00

Fortinet (NASDAQ:FTNT) had its price target hoisted by research analysts at BMO Capital Markets from $90.00 to $95.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “market perform” rating on the software maker’s stock. BMO Capital Markets’ target price points to a potential upside of 14.79% from the company’s current price.

A number of other brokerages have also issued reports on FTNT. Rosenblatt Securities increased their target price on shares of Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday. Daiwa Securities Group cut Fortinet from an “outperform” rating to a “neutral” rating and set a $86.00 target price on the stock. in a research report on Wednesday, November 12th. Wedbush reiterated an “outperform” rating and issued a $90.00 price target on shares of Fortinet in a research note on Friday. Morgan Stanley reiterated an “underweight” rating and issued a $70.00 price objective (up previously from $66.00) on shares of Fortinet in a report on Thursday, December 18th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $90.00 target price (up from $85.00) on shares of Fortinet in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $89.64.

Fortinet Trading Up 4.9%

Shares of NASDAQ:FTNT opened at $82.76 on Monday. Fortinet has a 52-week low of $70.12 and a 52-week high of $114.82. The company has a market capitalization of $61.54 billion, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The company has a 50-day simple moving average of $80.37 and a 200 day simple moving average of $82.57. 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 announced its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Sell-side analysts forecast that Fortinet will post 2.09 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the transaction, the vice president directly owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value 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. The trade was a 0.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fortinet

Several large investors have recently bought and sold shares of FTNT. Beck Bode LLC raised its stake in shares of Fortinet by 5.9% during the 4th quarter. Beck Bode LLC now owns 10,830 shares of the software maker’s stock worth $860,000 after purchasing an additional 599 shares during the period. Coldstream Capital Management Inc. grew its position in Fortinet by 10.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 13,746 shares of the software maker’s stock valued at $1,092,000 after buying an additional 1,254 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Fortinet by 156.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,580 shares of the software maker’s stock worth $602,000 after buying an additional 4,629 shares during the last quarter. Evoke Wealth LLC raised its position in Fortinet by 35.2% in the fourth quarter. Evoke Wealth LLC now owns 10,371 shares of the software maker’s stock worth $824,000 after acquiring an additional 2,701 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Fortinet by 12.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,522 shares of the software maker’s stock valued at $597,000 after acquiring an additional 857 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 beat and raised full‑year guidance — Fortinet reported Q4 revenue of $1.91B and EPS of $0.81 (above estimates) and issued FY‑2026 EPS guidance ahead of consensus; management highlighted strong enterprise demand. Read More.
• Positive Sentiment: Billings, product growth and Unified SASE strength — Billings rose ~18% (Unified SASE billings up ~40%) and product revenue grew double digits, underpinning revenue momentum. Read More.
• Positive Sentiment: Buyback expanded — company increased its buyback program by $1B to roughly $10.25B through Feb 2027, a shareholder‑friendly move that supports the stock. Read More.
• Positive Sentiment: Some bullish analyst action — Rosenblatt raised its target to $105 (buy), and Wedbush reaffirmed an outperform with a $90 target, giving upside voices amid mixed comments. Read More. • Read More.
• Neutral Sentiment: Primary disclosures and management commentary — full earnings call transcript and presentation are available for deeper read on cloud/SASE strategy and guidance detail. Read More. • Read More.
• Negative Sentiment: Analyst caution still present — JPMorgan and Mizuho raised price targets slightly but kept underweight/outperform/underperform stances that imply limited near‑term upside from some shops; Jefferies also remains cautious on 2026. Read More. • Read More. • Read More.
• Negative Sentiment: Insider selling — filings show large sales by the CEO and a VP, which may raise short‑term governance/flow concerns for some investors. Read More. • Read More.
• Neutral Sentiment: Street positioning mixed — some firms (Robert W. Baird, others) keep holds or reiterate neutral stances citing product strength offset by services slowdown or limited near‑term upside. Read More.

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.