Fortinet (NASDAQ:FTNT) CEO Sells $14,308,506.54 in Stock

Fortinet, Inc. (NASDAQ:FTNT) CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the sale, the chief executive officer owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Fortinet Price Performance

Shares of FTNT opened at $78.93 on Friday. The business has a 50-day moving average of $80.34 and a 200-day moving average of $83.05. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 0.94. The company has a market capitalization of $58.70 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 2.80 and a beta of 1.06. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $114.82.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. Fortinet had a return on equity of 118.27% and a net margin of 28.58%.The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, equities research analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current year.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 beat: Fortinet reported $0.81 EPS vs. $0.74 consensus and revenue of $1.91B vs. ~$1.86B estimate — a classic earnings catalyst that drove an initial rally. Zacks: FTNT Surpasses Q4
• Positive Sentiment: Stronger commercial metrics: billings grew ~18% to $2.37B, product revenue +20% and unified SASE billings surged ~40% — supports recurring‑revenue growth narrative. Financial Post: Q4 & FY Results
• Positive Sentiment: Raised FY‑2026 outlook: company set EPS guidance of $2.94–3.00 vs. street ~2.79 — the stronger full‑year guide is a constructive sign for longer‑term earnings. (Company guidance reported in earnings release.) FTNT Press Release / Slide Deck
• Neutral Sentiment: Q1 guide mixed: Fortinet set Q1 EPS of $0.59–0.63 (vs. consensus ~0.62) and revenue band overlapping estimates — not a clean beat on the near‑term quarterly guide, leaving room for investor debate.
• Neutral Sentiment: Analyst prep and previews ahead of print were constructive but cautious (Jefferies noted a modest beat potential but flagged 2026 uncertainty). Jefferies Preview
• Negative Sentiment: Insider selling: CEO Ken Xie and VP Michael Xie sold large blocks (combined tens of millions of dollars) — sizable insider sales often sap near‑term sentiment even when insiders retain big stakes. Ken Xie SEC Filing Michael Xie SEC Filing
• Negative Sentiment: Analyst downgrades / growth reassessment: several firms pared 2026 expectations (including a Scotiabank downgrade), which pressured the stock as investors marked down forward growth. Yahoo: Downgrades & Reassessments

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Hsbc Global Res downgraded Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Piper Sandler restated a “neutral” rating and set a $90.00 target price (up previously from $85.00) on shares of Fortinet in a research report on Monday, January 5th. Royal Bank Of Canada decreased their target price on Fortinet from $95.00 to $85.00 and set a “sector perform” rating for the company in a research note on Thursday, November 6th. TD Cowen raised Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Friday, January 23rd. Finally, Rosenblatt Securities raised shares of Fortinet from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $100.00 in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $90.48.

Institutional Investors Weigh In On Fortinet

Hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Fortinet by 2.2% during the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock worth $976,000 after purchasing an additional 221 shares during the period. Bison Wealth LLC acquired a new position in Fortinet during the fourth quarter worth $585,000. Truist Financial Corp raised its holdings in Fortinet by 6.2% during the second quarter. Truist Financial Corp now owns 44,567 shares of the software maker’s stock worth $4,712,000 after buying an additional 2,596 shares during the last quarter. PFG Investments LLC bought a new position in shares of Fortinet in the second quarter valued at $222,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Fortinet by 35.2% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,667 shares of the software maker’s stock valued at $705,000 after buying an additional 1,736 shares during the last quarter. Institutional investors and hedge funds own 83.71% 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.