Fortinet (NASDAQ:FTNT) Price Target Raised to $105.00

Fortinet (NASDAQ:FTNT) had its price target upped by Rosenblatt Securities from $100.00 to $105.00 in a research note issued to investors on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the software maker’s stock.

FTNT has been the subject of a number of other research reports. Royal Bank Of Canada decreased their target price on shares of Fortinet from $95.00 to $85.00 and set a “sector perform” rating for the company in a research note on Thursday, November 6th. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price objective (up previously from $85.00) on shares of Fortinet in a research report on Monday, January 5th. Barclays set a $88.00 price objective on Fortinet in a research note on Tuesday, February 3rd. Truist Financial set a $88.00 price target on Fortinet in a report on Tuesday, January 20th. Finally, TD Cowen raised Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $89.46.

Fortinet Price Performance

FTNT opened at $82.76 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The company has a market cap of $61.54 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The stock has a fifty day simple moving average of $80.37 and a two-hundred day simple moving average of $82.57. Fortinet has a 12-month low of $70.12 and a 12-month high of $114.82.

Fortinet (NASDAQ:FTNT) last released its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts predict that Fortinet will post 2.09 earnings per share for the current fiscal year.

Insider Activity

In other Fortinet news, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction dated 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 owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This represents a 0.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fortinet

A number of hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management purchased a new position in shares of Fortinet during the 2nd quarter valued at about $25,000. Financial Consulate Inc. bought a new stake in Fortinet during the 3rd quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. purchased a new position in Fortinet during the third quarter valued at approximately $25,000. Pinnacle Holdings LLC bought a new position in shares of Fortinet in the third quarter worth approximately $25,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Fortinet in the third quarter worth $25,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Key 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.