Krilogy Financial LLC Invests $730,000 in Fortinet, Inc. $FTNT

Krilogy Financial LLC acquired a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) in the third quarter, HoldingsChannel reports. The firm acquired 8,484 shares of the software maker’s stock, valued at approximately $730,000.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Fortinet by 1.4% during the second quarter. Vanguard Group Inc. now owns 72,686,920 shares of the software maker’s stock valued at $7,684,461,000 after purchasing an additional 1,024,516 shares during the period. State Street Corp lifted its holdings in Fortinet by 3.0% during the 2nd quarter. State Street Corp now owns 29,183,161 shares of the software maker’s stock valued at $3,085,244,000 after buying an additional 862,468 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Fortinet by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 16,916,974 shares of the software maker’s stock valued at $1,783,091,000 after buying an additional 828,569 shares in the last quarter. Norges Bank purchased a new stake in Fortinet in the 2nd quarter valued at about $1,640,900,000. Finally, Invesco Ltd. boosted its holdings in shares of Fortinet by 7.9% in the second quarter. Invesco Ltd. now owns 9,248,182 shares of the software maker’s stock valued at $977,718,000 after purchasing an additional 677,654 shares during the period. Institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on FTNT. Truist Financial set a $88.00 price objective on Fortinet in a report on Tuesday, January 20th. Morgan Stanley restated an “underweight” rating and set a $70.00 price target (up previously from $66.00) on shares of Fortinet in a research note on Thursday, December 18th. Oppenheimer restated a “market perform” rating on shares of Fortinet in a report on Friday, January 23rd. Evercore ISI set a $80.00 target price on shares of Fortinet in a report on Friday, February 6th. Finally, HSBC lowered shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $89.07.

Fortinet Trading Up 1.5%

NASDAQ FTNT opened at $85.56 on Friday. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $114.82. The company has a 50 day moving average price of $80.56 and a 200 day moving average price of $82.22. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The firm has a market cap of $63.63 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.91 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last announced its 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. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm earned $0.74 earnings per share. Fortinet’s revenue was up 14.8% compared to the same quarter last year. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, sell-side analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ken Xie sold 175,737 shares of the business’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 in the company, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the transaction, the vice president directly owned 10,210,282 shares in the company, valued at $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is owned by company insiders.

About Fortinet

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.