CoreCap Advisors LLC Has $1.88 Million Holdings in Fortinet, Inc. $FTNT

CoreCap Advisors LLC raised its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 41.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,677 shares of the software maker’s stock after acquiring an additional 6,899 shares during the period. CoreCap Advisors LLC’s holdings in Fortinet were worth $1,880,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Mather Group LLC. boosted its stake in Fortinet by 15.6% in the 4th quarter. Mather Group LLC. now owns 4,517 shares of the software maker’s stock valued at $359,000 after purchasing an additional 609 shares during the period. Norden Group LLC lifted its holdings in shares of Fortinet by 39.9% during the fourth quarter. Norden Group LLC now owns 4,281 shares of the software maker’s stock worth $340,000 after buying an additional 1,221 shares in the last quarter. Olistico Wealth LLC bought a new stake in shares of Fortinet in the fourth quarter valued at about $34,000. First Merchants Corp grew its stake in shares of Fortinet by 2.3% in the fourth quarter. First Merchants Corp now owns 95,039 shares of the software maker’s stock valued at $7,547,000 after acquiring an additional 2,114 shares in the last quarter. Finally, Czech National Bank increased its position in Fortinet by 0.7% during the fourth quarter. Czech National Bank now owns 166,655 shares of the software maker’s stock worth $13,234,000 after acquiring an additional 1,232 shares during the period. Institutional investors own 83.71% of the company’s stock.

Insider Activity

In other Fortinet news, CEO Ken Xie sold 175,737 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 transaction of $14,308,506.54. Following the completion of the transaction, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael Xie sold 343,106 shares of the stock in a transaction dated 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 completion of the transaction, the vice president directly owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This trade represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. 17.20% of the stock is currently owned by insiders.

Fortinet Stock Down 3.5%

NASDAQ FTNT opened at $78.20 on Friday. The business has a fifty day moving average price of $81.41 and a two-hundred day moving average price of $81.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $109.33. The stock has a market capitalization of $57.86 billion, a PE ratio of 32.18, a PEG ratio of 2.70 and a beta of 1.05.

Fortinet (NASDAQ:FTNT) last issued 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. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the company posted $0.74 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Equities analysts expect that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on FTNT shares. Robert W. Baird set a $90.00 price objective on shares of Fortinet in a report on Friday, February 6th. Citigroup reiterated a “neutral” rating and issued a $90.00 price target (up from $85.00) on shares of Fortinet in a research note on Monday, February 9th. Jefferies Financial Group set a $90.00 price target on Fortinet in a research report on Friday, February 6th. Royal Bank Of Canada restated a “sector perform” rating and set a $90.00 price objective (up from $85.00) on shares of Fortinet in a research note on Friday, February 6th. Finally, Scotiabank cut Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fortinet presently has an average rating of “Hold” and a consensus target price of $88.62.

Fortinet 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.