Bricktown Capital LLC Invests $752,000 in Fortinet, Inc. $FTNT

Bricktown Capital LLC bought a new position in Fortinet, Inc. (NASDAQ:FTNT) during the first quarter, according to its most recent filing with the SEC. The firm bought 9,200 shares of the software maker’s stock, valued at approximately $752,000. Fortinet makes up 0.1% of Bricktown Capital LLC’s investment portfolio, making the stock its 24th largest holding.

Several other hedge funds have also bought and sold shares of the business. Brighton Jones LLC lifted its stake in shares of 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 in the last quarter. Bison Wealth LLC bought a new stake in shares of Fortinet during the fourth quarter worth about $585,000. HUB Investment Partners LLC increased its position in shares of Fortinet by 29.1% during the second 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 in the last quarter. 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 raised its holdings in shares of Fortinet by 27.4% in the 2nd quarter. Quantinno Capital Management LP now owns 144,989 shares of the software maker’s stock worth $15,328,000 after acquiring an additional 31,202 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Transactions at Fortinet

In related news, CEO Ken Xie sold 160,632 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total value of $23,384,806.56. Following the transaction, the chief executive officer owned 52,972,372 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible 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 stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $128.41, for a total value of $18,749,786.15. Following the transaction, the chief operating officer directly owned 94,724 shares of the company’s stock, valued at approximately $12,163,508.84. This trade represents a 60.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 318,387 shares of company stock worth $43,403,063 in the last quarter. Insiders own 17.60% of the company’s stock.

Fortinet Price Performance

FTNT opened at $144.73 on Friday. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $150.07. The firm has a 50-day moving average of $116.11 and a 200 day moving average of $93.37. 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 firm has a market cap of $106.04 billion, a P/E ratio of 55.88, a PEG ratio of 3.96 and a beta of 1.11.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.62 by $0.20. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. 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, research analysts expect that Fortinet, Inc. will post 2.78 EPS for the current year.

Analyst Ratings Changes

FTNT has been the subject of a number of analyst reports. Mizuho lifted their price target on Fortinet from $70.00 to $86.00 and gave the company an “underperform” rating in a research note on Thursday, May 7th. Weiss Ratings raised Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Barclays set a $155.00 price objective on Fortinet and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $107.00 target price (up from $90.00) on shares of Fortinet in a research report on Thursday, May 7th. Finally, Bank of America upped their price target on Fortinet from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, June 8th. 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 issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $107.77.

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.