Fortinet, Inc. $FTNT Shares Purchased by Clearstead Advisors LLC

Clearstead Advisors LLC raised its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 91.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,797 shares of the software maker’s stock after buying an additional 5,159 shares during the period. Clearstead Advisors LLC’s holdings in Fortinet were worth $857,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FTNT. Pinnacle Holdings LLC acquired a new position in Fortinet during the third quarter valued at approximately $25,000. Ameriflex Group Inc. acquired a new position in Fortinet during the third quarter valued at approximately $25,000. Wexford Capital LP acquired a new position in Fortinet during the third quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new position in Fortinet during the fourth quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC acquired a new position in Fortinet during the third quarter valued at approximately $28,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on FTNT. UBS Group boosted their target price on shares of Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Arete Research set a $104.00 target price on shares of Fortinet and gave the stock a “buy” rating in a research report on Monday, April 27th. BTIG Research boosted their target price on shares of Fortinet from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday. Cantor Fitzgerald reissued a “neutral” rating and set a $87.00 target price on shares of Fortinet in a research report on Tuesday, April 21st. Finally, Compass Point set a $100.00 target price on shares of Fortinet in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-four have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.69.

Fortinet Stock Up 1.4%

Shares of NASDAQ:FTNT opened at $129.70 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $95.87 and a 200 day simple moving average of $86.26. The firm has a market cap of $95.02 billion, a PE ratio of 50.08, a price-to-earnings-growth ratio of 3.52 and a beta of 0.92. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $134.91.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.20. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. On average, equities research analysts anticipate that Fortinet, Inc. will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 5,355 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $88.90, for a total transaction of $476,059.50. Following the completion of the sale, the chief executive officer owned 52,978,004 shares in the company, valued at $4,709,744,555.60. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Whittle sold 146,015 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the sale, the chief operating officer owned 94,724 shares of the company’s stock, valued at approximately $12,163,508.84. The trade was a 60.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 153,848 shares of company stock worth $19,446,115 over the last 90 days. Insiders own 17.60% of the company’s stock.

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.