Fortinet, Inc. (NASDAQ:FTNT) Receives Consensus Recommendation of “Hold” from Brokerages

Fortinet, Inc. (NASDAQ:FTNT) has earned a consensus rating of “Hold” from the thirty-six ratings firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $107.7667.

FTNT has been the subject of several analyst reports. Zacks Research downgraded Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Mizuho upped their price target on Fortinet from $70.00 to $86.00 and gave the stock an “underperform” rating in a report on Thursday, May 7th. BMO Capital Markets increased their price objective on shares of Fortinet from $95.00 to $100.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $87.00 target price on shares of Fortinet in a research report on Tuesday, April 21st.

Fortinet Stock Performance

NASDAQ:FTNT opened at $145.39 on Tuesday. The company has a market cap of $106.52 billion, a P/E ratio of 56.14, a P/E/G ratio of 3.96 and a beta of 1.11. The firm’s 50 day moving average is $117.41 and its two-hundred day moving average is $93.89. Fortinet has a fifty-two week low of $70.12 and a fifty-two 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.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating 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 return on equity of 160.08% and a net margin of 27.49%.The company’s revenue was up 20.1% compared to the same quarter last year. 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. Analysts expect that Fortinet will post 2.78 EPS for the current year.

Insider Buying and Selling

In other news, CEO Ken Xie sold 160,632 shares of the firm’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 completion of the sale, the chief executive officer directly owned 52,972,372 shares in the company, valued at $7,711,717,915.76. This trade represents 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 available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of Fortinet 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 in the company, valued at approximately $1,453,213,448.40. The trade was a 0.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 318,387 shares of company stock valued at $43,403,063 in the last quarter. Company insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Fortinet

Hedge funds have recently bought and sold shares of the business. Sapient Capital LLC bought a new stake in shares of Fortinet in the first quarter worth $352,000. Western Wealth Management LLC acquired a new stake in Fortinet in the first quarter valued at $530,000. Pacer Advisors Inc. boosted its stake in Fortinet by 22.9% during the 1st quarter. Pacer Advisors Inc. now owns 417,286 shares of the software maker’s stock valued at $34,101,000 after acquiring an additional 77,804 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services grew its holdings in Fortinet by 27.1% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 110,356 shares of the software maker’s stock worth $9,018,000 after acquiring an additional 23,499 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co grew its holdings in Fortinet by 3.3% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 124,128 shares of the software maker’s stock worth $10,144,000 after acquiring an additional 3,924 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.