Fortinet, Inc. $FTNT Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. decreased its position in Fortinet, Inc. (NASDAQ:FTNT) by 0.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,228,784 shares of the software maker’s stock after selling 8,108 shares during the period. Fortinet makes up about 1.2% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 28th largest position. Montrusco Bolton Investments Inc.’s holdings in Fortinet were worth $97,578,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Fortinet by 5.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 93,635 shares of the software maker’s stock valued at $7,436,000 after buying an additional 4,776 shares during the period. Chicago Partners Investment Group LLC raised its position in shares of Fortinet by 44.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,563 shares of the software maker’s stock worth $454,000 after purchasing an additional 1,708 shares during the period. Quent Long Short Global Small Cap Fund LP acquired a new stake in shares of Fortinet during the fourth quarter worth $206,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Fortinet during the fourth quarter worth $255,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of Fortinet during the fourth quarter worth $41,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Up 2.0%

NASDAQ:FTNT opened at $84.37 on Friday. The firm has a market capitalization of $62.43 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 2.84 and a beta of 1.00. Fortinet, Inc. has a 1-year low of $70.12 and a 1-year 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. The business’s fifty day moving average price is $81.59 and its 200 day moving average price is $81.74.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.Fortinet’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. 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 forecast that Fortinet, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Fortinet

In related news, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael Xie sold 343,106 shares of the company’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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FTNT. Freedom Capital lowered Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Barclays set a $88.00 target price on Fortinet in a research report on Tuesday, February 3rd. Wells Fargo & Company began 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. Citigroup reaffirmed a “neutral” rating and set a $90.00 target price (up from $85.00) on shares of Fortinet in a research report on Monday, February 9th. Finally, Mizuho cut their target price on Fortinet from $74.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Fortinet currently has an average rating of “Hold” and an average target price of $87.04.

Fortinet Company 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.