Fortinet, Inc. $FTNT Holdings Boosted by Corient Private Wealth LLC

Corient Private Wealth LLC raised its stake in Fortinet, Inc. (NASDAQ:FTNT) by 58.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 219,216 shares of the software maker’s stock after buying an additional 80,987 shares during the quarter. Corient Private Wealth LLC’s holdings in Fortinet were worth $17,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in FTNT. Brighton Jones LLC lifted its stake in Fortinet by 2.2% in the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after buying an additional 221 shares during the last quarter. Bison Wealth LLC bought a new position in shares of Fortinet during the fourth quarter worth about $585,000. HUB Investment Partners LLC increased its holdings in shares of Fortinet by 29.1% in the 2nd quarter. HUB Investment Partners LLC now owns 5,299 shares of the software maker’s stock worth $560,000 after acquiring an additional 1,193 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Fortinet in the 2nd quarter worth about $1,136,000. Finally, Quantinno Capital Management LP lifted its position in Fortinet by 27.4% in the 2nd quarter. Quantinno Capital Management LP now owns 144,989 shares of the software maker’s stock valued at $15,328,000 after purchasing an additional 31,202 shares during the last quarter. 83.71% of the stock is owned by institutional investors.

Fortinet Trading Up 1.8%

Shares of NASDAQ:FTNT opened at $148.00 on Wednesday. The company has a 50 day moving average of $118.83 and a 200-day moving average of $94.35. The firm has a market cap of $108.43 billion, a P/E ratio of 57.14, a P/E/G ratio of 3.98 and a beta of 1.11. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $150.07. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, beating 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 business had revenue of $1.85 billion for 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 business’s revenue for the quarter 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. As a group, analysts anticipate that Fortinet, Inc. will post 2.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Fortinet

In other news, VP Michael Xie sold 3,907 shares of Fortinet stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction of $572,141.08. Following the transaction, the vice president directly owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $128.41, for a total value of $18,749,786.15. Following the completion of the sale, the chief operating officer directly owned 94,724 shares in the company, valued at $12,163,508.84. This represents a 60.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 318,387 shares of company stock valued at $43,403,063. 17.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Rosenblatt Securities boosted their target price on shares of Fortinet from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Royal Bank Of Canada restated a “sector perform” rating and issued a $107.00 price target (up from $90.00) on shares of Fortinet in a research note on Thursday, May 7th. Bank of America lifted their price target on Fortinet from $130.00 to $180.00 and gave the company a “buy” rating in a report on Monday, June 8th. BTIG Research boosted their price objective on Fortinet from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Truist Financial set a $120.00 price objective on Fortinet and gave the stock a “buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $107.77.

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.