Geneos Wealth Management Inc. Has $7.94 Million Position in Fortinet, Inc. $FTNT

Geneos Wealth Management Inc. boosted its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,187 shares of the software maker’s stock after acquiring an additional 3,552 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Fortinet were worth $7,942,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FTNT. Wexford Capital LP bought a new stake in shares of Fortinet in the 3rd quarter valued at approximately $25,000. Physician Wealth Advisors Inc. raised its holdings in shares of Fortinet by 408.3% in the 1st quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock worth $25,000 after buying an additional 245 shares in the last quarter. Palisade Asset Management LLC bought a new position in shares of Fortinet during the 3rd quarter worth approximately $28,000. Elyxium Wealth LLC acquired a new stake in Fortinet in the 4th quarter valued at $27,000. Finally, Maseco LLP acquired a new stake in Fortinet in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Price Performance

FTNT opened at $164.51 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07. The stock has a market capitalization of $120.53 billion, a P/E ratio of 63.52, a price-to-earnings-growth ratio of 4.54 and a beta of 1.09. The company’s 50 day simple moving average is $142.29 and its 200-day simple moving average is $102.83. Fortinet, Inc. has a one year low of $70.12 and a one year high of $170.35.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.20. The firm had revenue of $1.85 billion for 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 business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Sell-side analysts anticipate that Fortinet, Inc. will post 2.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

FTNT has been the subject of several recent analyst reports. Bank of America increased 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. Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 target price on shares of Fortinet in a research note on Tuesday, April 21st. Weiss Ratings raised shares of Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Morgan Stanley reiterated an “underweight” rating and set a $80.00 target price on shares of Fortinet in a research report on Thursday, May 7th. Finally, Rosenblatt Securities lifted their price target on shares of Fortinet from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $112.26.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was upgraded to Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and boosting investor sentiment around the stock. Article Title
• Positive Sentiment: Fortinet expanded FortiEndpoint with new AI-era security capabilities, which should help the company capitalize on rising demand for tools that protect AI adoption, data, and endpoints. Article Title
• Positive Sentiment: Fortinet named TD SYNNEX as an approved global distributor and delivery partner, potentially widening its reach and improving channel execution. Article Title
• Positive Sentiment: Multiple market notes highlighted Fortinet as a beneficiary of the broader cybersecurity rally, driven by AI infrastructure spending, heightened cyber threats, and stronger demand for enterprise security. Article Title
• Neutral Sentiment: Commentary comparing Palo Alto Networks and Fortinet in AI cybersecurity underscored that FTNT remains a major player in the theme, but also raised valuation questions about how much upside is already priced in. Article Title
• Neutral Sentiment: Several articles framed Fortinet as a long-term winner in cybersecurity and AI, but these pieces were largely thematic rather than pointing to an immediate fundamental change. Article Title
• Negative Sentiment: One valuation-focused piece argued Fortinet may be trading at a premium despite its AI security growth, which could limit upside if investors become more cautious about price versus fundamentals. Article Title

Insider Activity

In related news, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $18,749,786.15. Following the sale, the chief operating officer directly owned 94,724 shares of the company’s stock, valued at $12,163,508.84. This represents a 60.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 318,387 shares of company stock valued at $43,403,063 over the last 90 days. 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.