Fulcrum Capital LLC Acquires 30,486 Shares of Fortinet, Inc. $FTNT

Fulcrum Capital LLC grew its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 21.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 174,592 shares of the software maker’s stock after acquiring an additional 30,486 shares during the period. Fortinet makes up 3.1% of Fulcrum Capital LLC’s portfolio, making the stock its 9th biggest position. Fulcrum Capital LLC’s holdings in Fortinet were worth $14,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Physician Wealth Advisors Inc. boosted its position in shares of Fortinet by 408.3% during the 1st quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after acquiring an additional 245 shares in the last quarter. Wexford Capital LP bought a new position in Fortinet during the third quarter worth about $25,000. Elyxium Wealth LLC acquired a new stake in Fortinet during the fourth quarter valued at approximately $27,000. Palisade Asset Management LLC acquired a new stake in Fortinet during the third quarter valued at approximately $28,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Fortinet in the 4th quarter valued at approximately $29,000. 83.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Fortinet news, VP Michael Xie sold 3,907 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total transaction of $572,141.08. Following the sale, the vice president owned 9,923,610 shares of the company’s stock, valued at $1,453,213,448.40. This represents a 0.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the completion of the transaction, the chief operating officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 318,387 shares of company stock valued at $43,403,063 in the last 90 days. 17.60% of the stock is currently owned by insiders.

Fortinet Stock Down 3.8%

NASDAQ FTNT opened at $157.51 on Friday. The stock’s 50 day simple moving average is $137.74 and its 200 day simple moving average is $100.94. Fortinet, Inc. has a one year low of $70.12 and a one year high of $165.28. The firm has a market cap of $115.40 billion, a PE ratio of 60.81, a price-to-earnings-growth ratio of 4.45 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, sell-side analysts forecast that Fortinet, Inc. will post 2.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on FTNT. Piper Sandler raised their target price on Fortinet from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Stephens set a $115.00 price target on Fortinet and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Arete Research set a $104.00 price objective on Fortinet and gave the company a “buy” rating in a report on Monday, April 27th. Zacks Research downgraded shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, UBS Group upped their target price on shares of Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-four have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $108.74.

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.