Fortinet, Inc. $FTNT Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its stake in Fortinet, Inc. (NASDAQ:FTNT) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,919 shares of the software maker’s stock after selling 4,204 shares during the period. Jefferies Financial Group Inc.’s holdings in Fortinet were worth $1,502,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FTNT. Trilogy Capital Inc. grew its position in Fortinet by 46.8% in the 4th quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock valued at $3,506,000 after buying an additional 14,076 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in Fortinet in the third quarter valued at about $1,177,000. Leonteq Securities AG acquired a new stake in Fortinet in the fourth quarter valued at about $10,422,000. Victory Capital Management Inc. lifted its position in Fortinet by 5.8% in the third quarter. Victory Capital Management Inc. now owns 1,651,683 shares of the software maker’s stock valued at $138,874,000 after purchasing an additional 90,284 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in Fortinet by 156.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 390,492 shares of the software maker’s stock valued at $31,009,000 after purchasing an additional 238,299 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Trading Down 4.5%

Shares of FTNT opened at $127.93 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average is $94.94 and its two-hundred day moving average is $85.92. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $134.91. The firm has a market capitalization of $93.73 billion, a P/E ratio of 49.39, a PEG ratio of 3.69 and a beta of 0.92.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.Fortinet’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. On average, research analysts predict that Fortinet, Inc. will post 2.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FTNT shares. DZ Bank downgraded shares of Fortinet from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, May 19th. Sanford C. Bernstein restated a “market perform” rating and issued a $83.00 price objective on shares of Fortinet in a research report on Friday, February 6th. BMO Capital Markets increased their price objective on Fortinet from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Truist Financial set a $120.00 price objective on Fortinet and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 price objective on shares of Fortinet in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-four have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Fortinet presently has a consensus rating of “Hold” and an average price target of $102.69.

Insiders Place Their Bets

In other Fortinet news, CEO Ken Xie sold 5,355 shares of Fortinet stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $88.90, for a total transaction of $476,059.50. Following the completion of the transaction, the chief executive officer owned 52,978,004 shares in the company, valued at approximately $4,709,744,555.60. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Michael Xie sold 2,478 shares of Fortinet stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $88.89, for a total transaction of $220,269.42. Following the transaction, the vice president owned 9,927,517 shares of the company’s stock, valued at approximately $882,456,986.13. The trade was a 0.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 153,848 shares of company stock worth $19,446,115. 17.60% of the stock is owned by corporate insiders.

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.