Fortinet, Inc. $FTNT Shares Acquired by Clearstead Advisors LLC

Clearstead Advisors LLC increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 91.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,797 shares of the software maker’s stock after purchasing an additional 5,159 shares during the quarter. Clearstead Advisors LLC’s holdings in Fortinet were worth $857,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Pinnacle Holdings LLC acquired a new stake in Fortinet in the 3rd quarter valued at about $25,000. Ameriflex Group Inc. acquired a new stake in Fortinet in the 3rd quarter valued at about $25,000. Wexford Capital LP acquired a new stake in Fortinet in the 3rd quarter valued at about $25,000. Elyxium Wealth LLC acquired a new stake in Fortinet in the 4th quarter valued at about $27,000. Finally, Palisade Asset Management LLC acquired a new stake in Fortinet in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. Morgan Stanley restated an “underweight” rating and set a $80.00 price objective on shares of Fortinet in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $100.00 price objective on shares of Fortinet in a report on Thursday, May 7th. Zacks Research upgraded Fortinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, Mizuho boosted their price objective on Fortinet from $70.00 to $86.00 and gave the stock an “underperform” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Fortinet currently has a consensus rating of “Hold” and an average target price of $102.69.

Fortinet Trading Up 1.4%

Shares of FTNT stock opened at $129.70 on Friday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $134.91. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $95.87 and its two-hundred day moving average is $86.26. The company has a market cap of $95.02 billion, a PE ratio of 50.08, a price-to-earnings-growth ratio of 3.52 and a beta of 0.92.

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

Insider Buying and Selling at Fortinet

In other Fortinet news, COO John Whittle sold 146,015 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the transaction, the chief operating officer owned 94,724 shares in the company, valued at $12,163,508.84. This trade represents a 60.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ken Xie sold 5,355 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $88.90, for a total value of $476,059.50. Following the transaction, the chief executive officer owned 52,978,004 shares in the company, valued at approximately $4,709,744,555.60. This trade represents a 0.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 153,848 shares of company stock worth $19,446,115 over the last 90 days. Insiders own 17.60% of the company’s stock.

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.