Fortinet (NASDAQ:FTNT) VP Sells $27,935,690.52 in Stock

Fortinet, Inc. (NASDAQ:FTNT) VP Michael Xie sold 343,106 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $831,321,160.44. The trade was a 3.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Fortinet Price Performance

Shares of FTNT opened at $78.93 on Friday. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $114.82. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.68. The firm has a market cap of $58.70 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 2.80 and a beta of 1.06. The stock has a 50 day moving average of $80.34 and a 200-day moving average of $83.05.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current year.

Key Headlines Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 beat: Fortinet reported $0.81 EPS vs. $0.74 consensus and revenue of $1.91B vs. ~$1.86B estimate — a classic earnings catalyst that drove an initial rally. Zacks: FTNT Surpasses Q4
• Positive Sentiment: Stronger commercial metrics: billings grew ~18% to $2.37B, product revenue +20% and unified SASE billings surged ~40% — supports recurring‑revenue growth narrative. Financial Post: Q4 & FY Results
• Positive Sentiment: Raised FY‑2026 outlook: company set EPS guidance of $2.94–3.00 vs. street ~2.79 — the stronger full‑year guide is a constructive sign for longer‑term earnings. (Company guidance reported in earnings release.) FTNT Press Release / Slide Deck
• Neutral Sentiment: Q1 guide mixed: Fortinet set Q1 EPS of $0.59–0.63 (vs. consensus ~0.62) and revenue band overlapping estimates — not a clean beat on the near‑term quarterly guide, leaving room for investor debate.
• Neutral Sentiment: Analyst prep and previews ahead of print were constructive but cautious (Jefferies noted a modest beat potential but flagged 2026 uncertainty). Jefferies Preview
• Negative Sentiment: Insider selling: CEO Ken Xie and VP Michael Xie sold large blocks (combined tens of millions of dollars) — sizable insider sales often sap near‑term sentiment even when insiders retain big stakes. Ken Xie SEC Filing Michael Xie SEC Filing
• Negative Sentiment: Analyst downgrades / growth reassessment: several firms pared 2026 expectations (including a Scotiabank downgrade), which pressured the stock as investors marked down forward growth. Yahoo: Downgrades & Reassessments

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Citigroup restated a “neutral” rating and issued a $85.00 target price (up from $83.00) on shares of Fortinet in a research note on Monday, January 12th. JPMorgan Chase & Co. reduced their price objective on Fortinet from $75.00 to $72.00 and set an “underweight” rating for the company in a research report on Friday, January 30th. Scotiabank downgraded Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a research note on Monday. Robert W. Baird cut their target price on Fortinet from $90.00 to $86.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fortinet in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Fortinet has an average rating of “Hold” and a consensus price target of $90.48.

Institutional Investors Weigh In On Fortinet

Hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management bought a new stake in shares of Fortinet during the 2nd quarter worth about $25,000. Financial Consulate Inc. bought a new position in shares of Fortinet in the third quarter valued at approximately $25,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Fortinet during the third quarter valued at approximately $25,000. Pinnacle Holdings LLC bought a new stake in Fortinet during the third quarter worth approximately $25,000. Finally, Ameriflex Group Inc. acquired a new stake in Fortinet in the third quarter worth approximately $25,000. 83.71% of the stock is currently owned by institutional investors.

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.