Lion Street Advisors LLC Sells 14,502 Shares of Fortinet, Inc. $FTNT

Lion Street Advisors LLC cut its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 79.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,690 shares of the software maker’s stock after selling 14,502 shares during the quarter. Lion Street Advisors LLC’s holdings in Fortinet were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. boosted its stake in shares of Fortinet by 10.0% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 31,229 shares of the software maker’s stock valued at $2,626,000 after purchasing an additional 2,851 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in Fortinet by 14.9% in the 3rd quarter. Y.D. More Investments Ltd now owns 66,610 shares of the software maker’s stock valued at $5,632,000 after purchasing an additional 8,663 shares during the last quarter. ICICI Prudential Asset Management Co Ltd boosted its position in Fortinet by 314.6% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 39,767 shares of the software maker’s stock valued at $3,344,000 after buying an additional 30,175 shares in the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of Fortinet during the third quarter worth $539,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Fortinet by 5.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,370,633 shares of the software maker’s stock worth $114,968,000 after buying an additional 65,281 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analysts Set New Price Targets

FTNT has been the topic of several recent research reports. Oppenheimer reissued a “market perform” rating on shares of Fortinet in a report on Friday, January 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $87.00 price target on shares of Fortinet in a research note on Monday, November 24th. Rosenblatt Securities boosted their price target on Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Jefferies Financial Group set a $90.00 price objective on shares of Fortinet in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fortinet in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $89.42.

Fortinet Stock Performance

NASDAQ:FTNT opened at $80.00 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $114.57. The company has a 50 day simple moving average of $80.48 and a two-hundred day simple moving average of $81.47. The company has a market capitalization of $59.49 billion, a PE ratio of 32.92, a P/E/G ratio of 2.77 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Research analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current year.

Insider Transactions at Fortinet

In related news, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the completion of the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 17.20% of the company’s stock.

Fortinet 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.