Silver Oak Securities Incorporated Decreases Holdings in Fortinet, Inc. $FTNT

Silver Oak Securities Incorporated reduced its position in Fortinet, Inc. (NASDAQ:FTNT) by 60.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,805 shares of the software maker’s stock after selling 7,471 shares during the period. Silver Oak Securities Incorporated’s holdings in Fortinet were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Allstate Corp bought a new position in Fortinet in the third quarter worth approximately $2,034,000. Asset Management One Co. Ltd. grew its position in shares of Fortinet by 4.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 402,278 shares of the software maker’s stock valued at $33,824,000 after acquiring an additional 17,892 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Fortinet by 465.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,651 shares of the software maker’s stock valued at $64,255,000 after acquiring an additional 622,809 shares during the period. Machina Capital S.A.S. purchased a new stake in shares of Fortinet in the 3rd quarter worth $1,177,000. Finally, Victory Capital Management Inc. increased its stake in shares of Fortinet by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,651,683 shares of the software maker’s stock worth $138,874,000 after purchasing an additional 90,284 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

Fortinet Stock Performance

NASDAQ:FTNT opened at $82.53 on Friday. The stock has a 50-day moving average price of $81.81 and a 200 day moving average price of $81.93. The stock has a market capitalization of $61.07 billion, a P/E ratio of 33.96, a P/E/G ratio of 2.80 and a beta of 1.00. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $109.33. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping 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 company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm earned $0.74 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Equities research analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FTNT has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on Fortinet in a research report on Tuesday, March 3rd. They set an “underweight” rating and a $64.00 target price on the stock. Evercore set a $80.00 price objective on Fortinet in a research note on Friday, February 6th. TD Cowen raised Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Friday, January 23rd. Jefferies Financial Group set a $90.00 price objective on Fortinet in a research note on Friday, February 6th. Finally, Freedom Capital lowered shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Five research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $87.84.

Insiders Place Their Bets

In related news, VP Michael Xie sold 343,106 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 $27,935,690.52. Following the sale, the vice president directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $14,308,506.54. Following the transaction, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. 17.20% of the stock is currently owned by corporate 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.