8,781 Fortinet, Inc. $FTNT Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC grew its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 42.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,226 shares of the software maker’s stock after acquiring an additional 8,781 shares during the period. Krilogy Financial LLC’s holdings in Fortinet were worth $5,639,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Puff Wealth Management LLC boosted its stake in shares of Fortinet by 3.4% during the 3rd quarter. Puff Wealth Management LLC now owns 1,660 shares of the software maker’s stock valued at $297,000 after purchasing an additional 54 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in Fortinet by 53.6% during the second quarter. Elevation Wealth Partners LLC now owns 215 shares of the software maker’s stock valued at $33,000 after buying an additional 75 shares during the period. Sigma Planning Corp boosted its holdings in shares of Fortinet by 1.0% during the 2nd quarter. Sigma Planning Corp now owns 7,927 shares of the software maker’s stock valued at $1,218,000 after buying an additional 80 shares in the last quarter. Parrish Capital LLC increased its stake in shares of Fortinet by 1.3% in the 3rd quarter. Parrish Capital LLC now owns 6,374 shares of the software maker’s stock worth $1,139,000 after acquiring an additional 82 shares in the last quarter. Finally, Cornerstone Financial Management LLC increased its stake in shares of Fortinet by 102.5% in the 2nd quarter. Cornerstone Financial Management LLC now owns 164 shares of the software maker’s stock worth $25,000 after acquiring an additional 83 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Barclays raised its price target for Fortinet from $190 to $210, signaling greater confidence in the company’s growth outlook and AI-related cybersecurity opportunity. Barclays raises target for Fortinet stock
• Positive Sentiment: Fortinet’s participation at GovWare 2026 in Singapore highlighted its AI-enabled security and networking products, potentially strengthening its position in Asia and the growing AI-security market. Fortinet AI security push and GovWare 2026
• Positive Sentiment: Recent coverage emphasized Fortinet’s record margins, repeated earnings beats, positive estimate revisions and raised 2026 guidance. These factors support the company’s profitability narrative despite broader cost pressures. Fortinet strong margin profile
• Neutral Sentiment: Fortinet scheduled its next results for October 28. The report could become the next major catalyst, particularly because investors will be looking for confirmation of the company’s guidance and AI-security demand. Fortinet schedules October 28 results
• Negative Sentiment: Analysts and commentary increasingly characterize FTNT as expensive after its substantial 2026 advance. One analysis estimated the shares could be about 54% overvalued, increasing the risk of consolidation or profit-taking even after better-than-expected earnings. Fortinet could be overvalued
• Negative Sentiment: Potential headwinds include rising chip costs and unfavorable product-mix changes, which could pressure Fortinet’s unusually strong margins. The stock’s high valuation makes it particularly sensitive to any earnings or guidance disappointment. Fortinet valuation downgrade

Fortinet Stock Down 1.1%

Shares of FTNT opened at $190.76 on Wednesday. The business’s 50 day simple moving average is $168.31 and its 200-day simple moving average is $141.21. Fortinet, Inc. has a 1 year low of $73.55 and a 1 year high of $197.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.28 and a quick ratio of 1.19. The stock has a market capitalization of $139.96 billion, a price-to-earnings ratio of 67.17, a price-to-earnings-growth ratio of 3.60 and a beta of 1.03.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Wednesday, July 29th. The software maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the company posted $0.64 EPS. The business’s revenue was up 25.6% on a year-over-year basis. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. As a group, equities analysts expect that Fortinet, Inc. will post 3.10 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ken Xie sold 161,482 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the transaction, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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, COO John Whittle sold 2,835 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $168.74, for a total value of $478,377.90. Following the completion of the sale, the chief operating officer owned 96,987 shares in the company, valued at approximately $16,365,586.38. The trade was a 2.84% 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. Insiders have sold 221,303 shares of company stock valued at $36,164,034 in the last ninety days. 17.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FTNT. Barclays set a $210.00 target price on Fortinet and gave the stock an “equal weight” rating in a research note on Monday. Royal Bank Of Canada boosted their target price on Fortinet from $185.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Monday. Daiwa Securities Group increased their price objective on shares of Fortinet from $115.00 to $165.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 price objective (up from $100.00) on shares of Fortinet in a report on Thursday, July 30th. Finally, Wall Street Zen raised shares of Fortinet from a “hold” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $156.80.

Fortinet Profile

Fortinet, Inc develops and provides cybersecurity products and services for businesses, governments, and service providers. The company’s portfolio is designed to protect networks, endpoints, applications, cloud environments, and operational technology from cyber threats.

Its offerings include FortiGate next-generation firewalls, FortiSwitch secure networking switches, FortiAP wireless access points, FortiClient endpoint security, and FortiSASE secure access service edge solutions. Fortinet also provides centralized management and analytics through products such as FortiManager and FortiAnalyzer, along with security operations, threat intelligence, and other subscription-based services through its FortiGuard portfolio.

Founded in 2000, Fortinet serves customers globally through direct sales, channel partners, and managed security service providers.