Rosenblatt Securities Raises Fortinet (NASDAQ:FTNT) Price Target to $105.00

Fortinet (NASDAQ:FTNT) had its price objective raised by analysts at Rosenblatt Securities from $100.00 to $105.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Rosenblatt Securities’ target price points to a potential upside of 33.03% from the stock’s current price.

A number of other research firms have also weighed in on FTNT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fortinet in a research note on Monday, December 29th. UBS Group restated a “neutral” rating on shares of Fortinet in a report on Friday. Royal Bank Of Canada dropped their price target on shares of Fortinet from $95.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group reiterated a “hold” rating and set a $80.00 price target on shares of Fortinet in a research note on Friday, January 30th. Finally, Mizuho lowered their price objective on Fortinet from $75.00 to $72.00 and set an “underperform” rating for the company in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.67.

Fortinet Stock Down 2.7%

FTNT stock opened at $78.93 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.94 and a current ratio of 1.03. Fortinet has a fifty-two week low of $70.12 and a fifty-two week high of $114.82. The stock’s 50 day simple moving average is $80.34 and its 200 day simple moving average is $83.05. The company has a market cap of $58.70 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 2.80 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. Fortinet had a return on equity of 118.27% and a net margin of 28.58%.The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. On average, research analysts expect that Fortinet will post 2.09 earnings per share for the current fiscal year.

Insider Activity at Fortinet

In other Fortinet news, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ken Xie sold 175,737 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the transaction, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Fortinet

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Fortinet by 6.8% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,305,352 shares of the software maker’s stock worth $137,800,000 after purchasing an additional 82,937 shares during the last quarter. Allstate Corp bought a new position in Fortinet during the 3rd quarter worth approximately $2,034,000. Asset Management One Co. Ltd. lifted its position in Fortinet by 4.7% in the third quarter. Asset Management One Co. Ltd. now owns 402,278 shares of the software maker’s stock valued at $33,824,000 after purchasing an additional 17,892 shares during the last quarter. Warther Private Wealth LLC boosted its stake in shares of Fortinet by 39.7% during the second quarter. Warther Private Wealth LLC now owns 182,160 shares of the software maker’s stock valued at $19,258,000 after purchasing an additional 51,750 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Fortinet by 465.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 756,651 shares of the software maker’s stock valued at $64,255,000 after purchasing an additional 622,809 shares during the period. 83.71% of the stock is owned by institutional investors.

Key Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 beat on both EPS and revenue — Fortinet reported $0.81 EPS vs. $0.74 expected and $1.91B revenue vs. ~$1.86B expected, evidence of continued demand. Fortinet Reports Q4 Earnings, Revenue Above Estimates
• Positive Sentiment: Raised FY 2026 guidance — management set FY EPS at $2.94–3.00 vs. street ~2.79, lifting the medium-term story and offsetting some macro concerns. Fortinet Reports Strong Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Strong product and billings momentum — product revenue (+20% YoY) and billings (+18% YoY), with Unified SASE billings up ~40%, signal durable enterprise demand for security stacks. Fortinet Stock Rises After Earnings Beat. Why It Can Dodge the Tech Selloff.
• Neutral Sentiment: Q1 guide mixed — Fortinet gave Q1 EPS guidance of $0.59–0.63 vs. consensus ~0.62; the range is roughly in line but conservatively framed, leaving some near-term uncertainty. Press Release / Slide Deck
• Neutral Sentiment: Mixed analyst tone — some firms (e.g., Jefferies) expected a modest beat but remain cautious on 2026 growth, so analyst revisions could temper further upside. Jefferies Sees Modest Q4 Beat for Fortinet (FTNT), Remains Cautious on 2026
• Negative Sentiment: Some analysts are downgrading / reassessing 2026 growth — reassessments could apply pressure if guidance execution or service growth slows. Fortinet (FTNT) Downgraded as Analysts Reassess 2026 Growth Outlook
• Negative Sentiment: Large insider stock sales — reports that the CEO sold ~$14.3M and a VP sold ~$27.9M in recent transactions can spook investors and be interpreted as negative signal despite corporate performance. Fortinet (NASDAQ:FTNT) CEO Sells $14,308,506.54 in Stock Fortinet (NASDAQ:FTNT) VP Sells $27,935,690.52 in Stock

About Fortinet

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.