AdvisorShares Investments LLC Makes New $476,000 Investment in Fortinet, Inc. $FTNT

AdvisorShares Investments LLC purchased a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) in the 4th quarter, HoldingsChannel reports. The firm purchased 6,000 shares of the software maker’s stock, valued at approximately $476,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Holdings LLC bought a new position in Fortinet during the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. bought a new position in Fortinet during the 3rd quarter worth approximately $25,000. Wexford Capital LP bought a new position in Fortinet during the 3rd quarter worth approximately $25,000. Elyxium Wealth LLC bought a new position in Fortinet during the 4th quarter worth approximately $27,000. Finally, Palisade Asset Management LLC bought a new position in Fortinet during the 3rd quarter worth approximately $28,000. Institutional investors own 83.71% of the company’s stock.

Insider Activity at Fortinet

In related news, VP Michael Xie sold 2,478 shares of Fortinet stock in a transaction on Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the completion of the sale, the vice president owned 9,927,517 shares of the company’s stock, valued at approximately $882,456,986.13. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Fortinet 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 completion of the sale, the chief operating officer directly 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 153,848 shares of company stock valued at $19,446,115. 17.60% of the stock is owned by company insiders.

Fortinet Stock Performance

Shares of FTNT stock opened at $137.97 on Friday. The firm has a 50 day moving average of $96.96 and a 200-day moving average of $86.62. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $138.11. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The company has a market cap of $101.08 billion, a price-to-earnings ratio of 53.27, a price-to-earnings-growth ratio of 3.80 and a beta of 0.92.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm posted $0.58 EPS. Fortinet’s revenue 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 analysts forecast that Fortinet, Inc. will post 2.77 earnings per share for the current year.

Wall Street Analyst Weigh In

FTNT has been the subject of several recent analyst reports. Truist Financial set a $120.00 price objective on shares of Fortinet and gave the stock a “buy” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $100.00 price objective on shares of Fortinet in a research report on Thursday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $107.00 price objective (up from $90.00) on shares of Fortinet in a research report on Thursday, May 7th. BMO Capital Markets raised their price objective on shares of Fortinet from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Fortinet from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-four have given a Hold rating and four have issued 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 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.