Beacon Investment Advisory Services Inc. Has $20.31 Million Stake in Fortinet, Inc. $FTNT

Beacon Investment Advisory Services Inc. lowered its stake in Fortinet, Inc. (NASDAQ:FTNT) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,711 shares of the software maker’s stock after selling 14,485 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Fortinet were worth $20,306,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fiduciary Trust Co increased its holdings in shares of Fortinet by 1.2% during the 3rd quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock valued at $910,000 after acquiring an additional 130 shares during the last quarter. L2 Asset Management LLC lifted its holdings in Fortinet by 5.1% in the 2nd quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock worth $301,000 after purchasing an additional 137 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Fortinet by 40.6% during the third quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock worth $40,000 after purchasing an additional 139 shares during the period. Optimist Retirement Group LLC grew its holdings in Fortinet by 2.9% during the third quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock valued at $411,000 after purchasing an additional 140 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Fortinet by 11.4% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,410 shares of the software maker’s stock valued at $149,000 after purchasing an additional 144 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

Fortinet Price Performance

Shares of FTNT stock opened at $78.20 on Monday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $109.33. The company has a market capitalization of $57.86 billion, a P/E ratio of 32.18, a P/E/G ratio of 2.69 and a beta of 1.05. The stock has a 50 day moving average of $81.41 and a two-hundred day moving average of $81.93. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $1.91 billion for 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%.Fortinet’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business 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, equities analysts expect that Fortinet, Inc. will post 2.09 EPS for the current year.

Insider Transactions at Fortinet

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 sale, the vice president directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their position. The transaction was disclosed in a document filed 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 stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the transaction, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. 18.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on FTNT shares. Stifel Nicolaus set a $85.00 price objective on shares of Fortinet in a research note on Wednesday, March 11th. Scotiabank downgraded shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price on the stock. in a report on Monday, February 2nd. Sanford C. Bernstein reissued a “market perform” rating and set a $83.00 target price on shares of Fortinet in a research report on Friday, February 6th. Jefferies Financial Group set a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. Finally, Barclays set a $88.00 price target on Fortinet in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $88.62.

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.