Caerus Investment Advisors LLC Acquires Shares of 11,255 Fortinet, Inc. $FTNT

Caerus Investment Advisors LLC acquired a new stake in Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,255 shares of the software maker’s stock, valued at approximately $894,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kovack Advisors Inc. lifted its stake in Fortinet by 25.7% in the fourth quarter. Kovack Advisors Inc. now owns 5,243 shares of the software maker’s stock valued at $416,000 after buying an additional 1,073 shares during the last quarter. ICICI Prudential Asset Management Co Ltd lifted its stake in Fortinet by 185.2% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 113,434 shares of the software maker’s stock valued at $9,008,000 after buying an additional 73,667 shares during the last quarter. Nuveen LLC lifted its stake in Fortinet by 22.0% in the fourth quarter. Nuveen LLC now owns 1,822,092 shares of the software maker’s stock valued at $144,692,000 after buying an additional 328,866 shares during the last quarter. Xponance LLC lifted its stake in Fortinet by 4.9% in the fourth quarter. Xponance LLC now owns 163,492 shares of the software maker’s stock valued at $12,983,000 after buying an additional 7,643 shares during the last quarter. Finally, Keel Point LLC lifted its stake in Fortinet by 14.9% in the fourth quarter. Keel Point LLC now owns 3,082 shares of the software maker’s stock valued at $245,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Trading Up 4.4%

Shares of FTNT stock opened at $145.06 on Friday. The business’s fifty day moving average price is $108.50 and its 200 day moving average price is $90.69. Fortinet, Inc. has a 1-year low of $70.12 and a 1-year high of $150.07. The firm has a market capitalization of $106.28 billion, a PE ratio of 56.01, a P/E/G ratio of 3.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. Fortinet’s quarterly revenue was up 20.1% on a year-over-year basis. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, sell-side analysts forecast that Fortinet, Inc. will post 2.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Fortinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. boosted their price objective on Fortinet from $73.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Susquehanna boosted their target price on Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Compass Point set a $100.00 target price on Fortinet in a report on Monday, May 4th. Finally, UBS Group boosted their target price on Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-four have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.43.

Insider Activity

In other news, COO John Whittle sold 146,015 shares of Fortinet stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the completion of the sale, the chief operating officer directly owned 94,724 shares in the company, valued at approximately $12,163,508.84. This trade represents a 60.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael Xie sold 3,907 shares of Fortinet stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total transaction of $572,141.08. Following the sale, the vice president owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. The trade was a 0.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 318,387 shares of company stock worth $43,403,063. Company insiders own 17.60% of the company’s stock.

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.