Fortinet, Inc. (NASDAQ:FTNT) Receives $88.62 Average PT from Analysts

Shares of Fortinet, Inc. (NASDAQ:FTNT) have received a consensus rating of “Hold” from the thirty-two brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $88.6154.

Several analysts recently commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $90.00 target price on shares of Fortinet in a report on Friday, February 6th. Barclays set a $88.00 price target on Fortinet in a research note on Tuesday, February 3rd. Scotiabank downgraded Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price on the stock. in a report on Monday, February 2nd. BMO Capital Markets lifted their price target on shares of Fortinet from $90.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, February 9th. Finally, Stifel Nicolaus set a $85.00 target price on Fortinet in a report on Wednesday, March 11th.

Insider Buying and Selling at Fortinet

In related news, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction dated 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 directly owned 51,396,385 shares of the company’s stock, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the completion of the sale, the vice president directly 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 18.00% of the company’s stock.

Institutional Trading of Fortinet

Several hedge funds have recently bought and sold shares of FTNT. LSV Asset Management acquired a new position in Fortinet during the second quarter worth $25,000. Financial Consulate Inc. acquired a new position in shares of Fortinet during the third quarter valued at about $25,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Fortinet during the third quarter valued at about $25,000. Pinnacle Holdings LLC bought a new stake in shares of Fortinet during the third quarter worth about $25,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Fortinet during the third quarter worth about $25,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Down 1.6%

NASDAQ:FTNT opened at $83.16 on Friday. The stock has a 50-day simple moving average of $80.89 and a 200 day simple moving average of $81.78. Fortinet has a 52-week low of $70.12 and a 52-week high of $109.33. The company has a market cap of $61.53 billion, a PE ratio of 34.22, a PEG ratio of 2.92 and a beta of 1.05. 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 (NASDAQ:FTNT) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. On average, sell-side analysts expect that Fortinet will post 2.09 EPS for the current fiscal year.

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.