Anchor Investment Management LLC Purchases 6,588 Shares of Fortinet, Inc. $FTNT

Anchor Investment Management LLC lifted its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 14.1% in the fourth quarter, HoldingsChannel reports. The firm owned 53,361 shares of the software maker’s stock after purchasing an additional 6,588 shares during the quarter. Anchor Investment Management LLC’s holdings in Fortinet were worth $4,237,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FTNT. Expressive Wealth LLC bought a new position in shares of Fortinet during the fourth quarter valued at $646,000. Trilogy Capital Inc. boosted its position in shares of Fortinet by 46.8% during the fourth quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock valued at $3,506,000 after buying an additional 14,076 shares during the last quarter. Leonteq Securities AG bought a new stake in Fortinet in the 4th quarter worth about $10,422,000. Thrivent Financial for Lutherans increased its holdings in 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 buying an additional 238,299 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Fortinet by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,651,683 shares of the software maker’s stock worth $138,874,000 after buying an additional 90,284 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

Fortinet Stock Up 0.4%

NASDAQ FTNT opened at $144.73 on Friday. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $150.07. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $106.04 billion, a P/E ratio of 55.88, a price-to-earnings-growth ratio of 3.95 and a beta of 1.11. The stock’s 50-day moving average price is $114.89 and its 200-day moving average price is $93.01.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the company 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. On average, equities research analysts predict that Fortinet, Inc. will post 2.78 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FTNT. Morgan Stanley reaffirmed an “underweight” rating and set a $80.00 price target on shares of Fortinet in a report on Thursday, May 7th. Truist Financial set a $120.00 target price on shares of Fortinet and gave the stock a “buy” rating in a report on Thursday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $107.00 target price (up from $90.00) on shares of Fortinet in a research report on Thursday, May 7th. Compass Point set a $100.00 target price on shares of Fortinet in a research note on Monday, May 4th. Finally, Weiss Ratings raised Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-five have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $107.77.

Insiders Place Their Bets

In other Fortinet news, CEO Ken Xie sold 160,632 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at $7,711,717,915.76. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of the 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 completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 318,387 shares of company stock worth $43,403,063 over the last three months. 17.60% of the stock is currently owned by company insiders.

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.