Alamar Capital Management LLC Buys Shares of 28,710 Fortinet, Inc. $FTNT

Alamar Capital Management LLC purchased a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) in the first quarter, according to its most recent filing with the SEC. The firm purchased 28,710 shares of the software maker’s stock, valued at approximately $2,346,000. Fortinet accounts for about 1.4% of Alamar Capital Management LLC’s portfolio, making the stock its 17th largest position.

Several other institutional investors have also modified their holdings of FTNT. Physician Wealth Advisors Inc. increased its position in shares of Fortinet by 408.3% in the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after buying an additional 245 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of Fortinet in the 3rd quarter worth about $25,000. Elyxium Wealth LLC acquired a new stake in Fortinet in the 4th quarter valued at about $27,000. Palisade Asset Management LLC acquired a new stake in Fortinet in the 3rd quarter valued at about $28,000. Finally, Ares Financial Consulting LLC purchased a new position in Fortinet during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Stock Down 1.9%

FTNT stock opened at $155.05 on Thursday. The company has a 50 day moving average price of $146.83 and a two-hundred day moving average price of $105.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. The stock has a market capitalization of $113.60 billion, a P/E ratio of 59.87, a PEG ratio of 4.30 and a beta of 1.09. Fortinet, Inc. has a one year low of $70.12 and a one year high of $170.35.

Fortinet (NASDAQ:FTNT) last issued its quarterly 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 return on equity of 160.08% and a net margin of 27.49%.The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the company posted $0.58 EPS. The business’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. As a group, sell-side analysts expect that Fortinet, Inc. will post 2.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company restated an “underweight” rating and set a $120.00 target price (up from $70.00) on shares of Fortinet in a research report on Monday. Morgan Stanley raised shares of Fortinet from an “underweight” rating to an “outperform” rating and raised their price objective for the stock from $80.00 to $133.00 in a research note on Tuesday. Scotiabank lifted their price objective on Fortinet from $85.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Stephens set a $115.00 target price on Fortinet and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Arete Research set a $104.00 target price on Fortinet and gave the company a “buy” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fortinet has an average rating of “Hold” and an average target price of $121.10.

Insider Buying and Selling

In other Fortinet news, VP Michael Xie sold 3,907 shares of the firm’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 sale, the vice president directly owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. This trade represents a 0.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total value 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 $7,711,717,915.76. This trade represents a 0.30% decrease in their position. 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 ninety days, insiders have sold 318,387 shares of company stock worth $43,403,063. 17.60% of the stock is owned by company insiders.

Key Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was highlighted as one of the better-positioned cybersecurity names to benefit from rising enterprise AI adoption, with demand expected to grow for AI security, identity protection, and Zero Trust solutions. Article Title
• Positive Sentiment: Another note described Fortinet as a GARP candidate, suggesting investors can still find upside in the stock because of its solid growth prospects relative to valuation. Article Title
• Positive Sentiment: Analyst sentiment improved, with Robert W. Baird raising its price target and another report saying a Fortinet analyst is “no longer bearish,” reinforcing confidence in the company’s fundamentals. Article Title
• Positive Sentiment: Fortinet also announced a collaboration with Intel to develop its next-generation Security Processor 6, a sign of continued product innovation and supply-chain diversification. Article Title
• Neutral Sentiment: Broker commentary also warned that cybersecurity valuations remain elevated ahead of earnings, which could limit near-term upside for FTNT despite the company’s strong positioning. Article Title
• Negative Sentiment: Recent market action showed Fortinet trading lower as broader markets moved higher, suggesting some profit-taking or valuation pressure remains in the stock. Article Title

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.