Cetera Investment Advisers Boosts Position in Fortinet, Inc. $FTNT

Cetera Investment Advisers boosted its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 22.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 224,350 shares of the software maker’s stock after purchasing an additional 41,233 shares during the period. Cetera Investment Advisers’ holdings in Fortinet were worth $18,334,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FTNT. Expressive Wealth LLC bought a new position in Fortinet during the 4th quarter worth about $646,000. Trilogy Capital Inc. increased its position in Fortinet by 46.8% during the 4th quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock valued at $3,506,000 after purchasing an additional 14,076 shares during the period. Leonteq Securities AG bought a new stake in shares of Fortinet in the 4th quarter valued at about $10,422,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Fortinet in the 4th quarter valued at about $14,638,000. Finally, Thrivent Financial for Lutherans lifted its position in shares of Fortinet by 156.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 390,492 shares of the software maker’s stock worth $31,009,000 after purchasing an additional 238,299 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FTNT. Truist Financial set a $183.00 price objective on shares of Fortinet and gave the company a “buy” rating in a research note on Tuesday, July 21st. TD Cowen restated a “buy” rating and set a $215.00 target price (up from $160.00) on shares of Fortinet in a report on Monday, July 13th. Mizuho set a $125.00 target price on Fortinet and gave the stock an “underperform” rating in a report on Wednesday, July 15th. DZ Bank cut Fortinet from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 price target on shares of Fortinet in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $123.61.

Insider Buying and Selling at Fortinet

In other news, CEO Ken Xie sold 160,632 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 52,972,372 shares in the company, valued at approximately $7,711,717,915.76. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal 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, COO John Whittle sold 146,015 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer owned 94,724 shares in the company, valued at approximately $12,163,508.84. This trade represents a 60.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 318,387 shares of company stock worth $43,403,063. 17.60% of the stock is owned by insiders.

Fortinet Stock Performance

Shares of FTNT stock opened at $152.38 on Tuesday. The business’s fifty day simple moving average is $148.53 and its 200-day simple moving average is $107.17. The company has a market cap of $111.64 billion, a PE ratio of 58.83, a PEG ratio of 4.14 and a beta of 1.09. 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, Inc. has a 12-month low of $70.12 and a 12-month high of $170.35.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.62 by $0.20. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Analysts expect that Fortinet, Inc. will post 2.8 earnings per share for the current fiscal year.

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.