IFP Advisors Inc Buys 8,802 Shares of Fortinet, Inc. $FTNT

IFP Advisors Inc raised its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 13.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 73,609 shares of the software maker’s stock after buying an additional 8,802 shares during the period. IFP Advisors Inc’s holdings in Fortinet were worth $6,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiduciary Trust Co boosted its stake in shares of Fortinet by 1.2% in the 3rd quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock worth $910,000 after buying an additional 130 shares during the last quarter. L2 Asset Management LLC increased its position in Fortinet by 5.1% during the second quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock valued at $301,000 after acquiring an additional 137 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Fortinet by 40.6% in the third quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock valued at $40,000 after acquiring an additional 139 shares during the period. Optimist Retirement Group LLC lifted its holdings in Fortinet by 2.9% in the third quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock valued at $411,000 after acquiring an additional 140 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Fortinet by 11.4% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,410 shares of the software maker’s stock worth $149,000 after purchasing an additional 144 shares during the last quarter. 83.71% of the stock is owned by institutional investors.

Fortinet Trading Down 0.3%

Shares of Fortinet stock opened at $83.12 on Friday. The company has a market capitalization of $61.50 billion, a P/E ratio of 34.21, a P/E/G ratio of 2.88 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. The company has a fifty day moving average of $81.06 and a 200 day moving average of $81.80. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $109.33.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results 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 return on equity of 124.21% and a net margin of 27.26%.The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm earned $0.74 earnings per share. The business’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. On average, sell-side analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Insider Activity at Fortinet

In other Fortinet news, CEO Ken Xie sold 175,737 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction 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. This trade represents a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the sale, the vice president owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein restated a “market perform” rating and set a $83.00 price target on shares of Fortinet in a research note on Friday, February 6th. Morgan Stanley reiterated an “underweight” rating and issued a $70.00 price objective (up from $66.00) on shares of Fortinet in a research note on Thursday, December 18th. Jefferies Financial Group set a $90.00 price objective on shares of Fortinet in a report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Fortinet in a research report on Monday, December 29th. Finally, Evercore set a $80.00 target price on shares of Fortinet in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Fortinet presently has an average rating of “Hold” and an average target price of $88.62.

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.