BMO Capital Markets Boosts Fortinet (NASDAQ:FTNT) Price Target to $95.00

Fortinet (NASDAQ:FTNT) had its target price hoisted by equities research analysts at BMO Capital Markets from $90.00 to $95.00 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage presently has a “market perform” rating on the software maker’s stock. BMO Capital Markets’ price target suggests a potential upside of 11.07% from the company’s current price.

FTNT has been the topic of a number of other reports. Mizuho boosted their target price on shares of Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Fortinet in a research report on Monday, December 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a report on Friday. Scotiabank downgraded shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price for the company. in a research note on Monday, February 2nd. Finally, Wedbush reiterated an “outperform” rating and set a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Fortinet has a consensus rating of “Hold” and an average price target of $89.07.

Fortinet Price Performance

NASDAQ:FTNT opened at $85.53 on Monday. Fortinet has a 52-week low of $70.12 and a 52-week high of $114.82. The company has a market cap of $63.60 billion, a P/E ratio of 35.20, a P/E/G ratio of 2.95 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The stock’s 50-day simple moving average is $80.50 and its 200 day simple moving average is $82.30.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 earnings per share. 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, sell-side analysts forecast that Fortinet will post 2.09 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 value of $27,935,690.52. Following the transaction, the vice president 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ken Xie sold 175,737 shares of the 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 owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. This trade represents a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 18.00% of the company’s stock.

Institutional Investors Weigh In On Fortinet

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC raised its stake in Fortinet by 2.2% in the 4th quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock worth $976,000 after purchasing an additional 221 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Fortinet during the 4th quarter worth approximately $585,000. Callan Family Office LLC bought a new position in shares of Fortinet during the second quarter worth approximately $1,297,000. Fifth Third Wealth Advisors LLC raised its position in shares of Fortinet by 2.0% in the second quarter. Fifth Third Wealth Advisors LLC now owns 7,106 shares of the software maker’s stock valued at $751,000 after buying an additional 138 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Fortinet by 18.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 120,360 shares of the software maker’s stock valued at $12,725,000 after buying an additional 18,407 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s 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.