CFO Capital Management LLC Takes $730,000 Position in Fortinet, Inc. $FTNT

CFO Capital Management LLC purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,193 shares of the software maker’s stock, valued at approximately $730,000.

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

Analysts Set New Price Targets

Several research firms recently weighed in on FTNT. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $107.00 price objective (up from $90.00) on shares of Fortinet in a research note on Thursday, May 7th. Morgan Stanley reiterated an “underweight” rating and issued a $80.00 price objective on shares of Fortinet in a report on Thursday, May 7th. Compass Point set a $100.00 target price on shares of Fortinet in a report on Monday, May 4th. Bank of America boosted their price target on shares of Fortinet from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Finally, Truist Financial set a $120.00 price target on shares of Fortinet and gave the company a “buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.77.

Fortinet Stock Performance

Shares of Fortinet stock opened at $144.73 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07. The firm has a market cap of $106.04 billion, a PE ratio of 55.88, a P/E/G ratio of 3.96 and a beta of 1.11. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $150.07. The stock has a fifty day moving average price of $116.11 and a 200-day moving average price of $93.37.

Fortinet (NASDAQ:FTNT) last issued its earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $0.58 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Equities research analysts anticipate that Fortinet, Inc. will post 2.78 EPS for the current year.

Insider Buying and Selling

In related news, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the completion of the sale, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at approximately $7,711,717,915.76. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total value of $572,141.08. Following the transaction, the vice president owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. The trade was a 0.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 318,387 shares of company stock worth $43,403,063. Corporate insiders own 17.60% 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.