Collaborative Fund Advisors LLC Purchases New Shares in Fortinet, Inc. $FTNT

Collaborative Fund Advisors LLC acquired a new position in Fortinet, Inc. (NASDAQ:FTNT) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,367 shares of the software maker’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ameriflex Group Inc. acquired a new stake in Fortinet in the third quarter valued at $25,000. Wexford Capital LP bought a new position in shares of Fortinet during the third quarter worth about $25,000. Physician Wealth Advisors Inc. grew its stake in Fortinet by 408.3% in the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock worth $25,000 after purchasing an additional 245 shares in the last quarter. Palisade Asset Management LLC bought a new stake in Fortinet in the third quarter valued at about $28,000. Finally, Elyxium Wealth LLC bought a new stake in Fortinet in the fourth quarter valued at about $27,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

Fortinet Trading Up 3.9%

Fortinet stock opened at $162.35 on Tuesday. 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 firm has a 50-day moving average price of $131.84 and a two-hundred day moving average price of $98.86. The firm has a market capitalization of $118.95 billion, a price-to-earnings ratio of 62.68, a PEG ratio of 4.28 and a beta of 1.09. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $163.57.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results 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 company 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%. Fortinet’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the business earned $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. Sell-side analysts expect that Fortinet, Inc. will post 2.78 earnings per share for the current year.

Analysts Set New Price Targets

FTNT has been the topic of a number of research analyst reports. TD Cowen reaffirmed a “buy” rating and set a $160.00 target price (up from $125.00) on shares of Fortinet in a report on Monday, June 8th. Bank of America raised their price objective on Fortinet from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Piper Sandler boosted their target price on shares of Fortinet from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Royal Bank Of Canada restated a “sector perform” rating and issued a $107.00 price target (up from $90.00) on shares of Fortinet in a research report on Thursday, May 7th. Finally, Susquehanna lifted their price target on shares of Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $107.58.

Insiders Place Their Bets

In other news, COO John Whittle sold 146,015 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $128.41, for a total value of $18,749,786.15. Following the completion of the transaction, the chief operating officer owned 94,724 shares of the company’s stock, valued at approximately $12,163,508.84. This represents a 60.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ken Xie sold 160,632 shares of the firm’s stock in a transaction 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 transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 318,387 shares of company stock worth $43,403,063. 17.60% of the stock is owned by company insiders.

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.