16,254 Shares in Fortinet, Inc. $FTNT Acquired by Capital Planning Advisors LLC

Capital Planning Advisors LLC bought a new stake in Fortinet, Inc. (NASDAQ:FTNT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,254 shares of the software maker’s stock, valued at approximately $1,367,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Balboa Wealth Partners grew its stake in shares of Fortinet by 4.3% in the second quarter. Balboa Wealth Partners now owns 2,330 shares of the software maker’s stock valued at $246,000 after buying an additional 96 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in Fortinet by 3.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 3,391 shares of the software maker’s stock valued at $358,000 after acquiring an additional 108 shares during the period. Huntington National Bank grew its position in Fortinet by 0.7% in the 2nd quarter. Huntington National Bank now owns 16,596 shares of the software maker’s stock valued at $1,755,000 after acquiring an additional 112 shares in the last quarter. CVA Family Office LLC increased its stake in Fortinet by 12.1% during the second quarter. CVA Family Office LLC now owns 1,201 shares of the software maker’s stock worth $127,000 after purchasing an additional 130 shares during the period. Finally, L2 Asset Management LLC lifted its position in shares of Fortinet by 5.1% during the second quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock worth $301,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Activity at Fortinet

In other news, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the completion of the sale, the vice president owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the completion of the transaction, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 18.00% of the company’s stock.

Fortinet Stock Performance

NASDAQ:FTNT opened at $85.56 on Monday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $114.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. The firm has a market capitalization of $63.63 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.95 and a beta of 1.06. The business’s fifty day moving average price is $80.56 and its 200 day moving average price is $81.92.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm posted $0.74 EPS. The business’s quarterly 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. On average, sell-side analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FTNT. Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 price objective on shares of Fortinet in a report on Monday, November 24th. Mizuho boosted their price target on shares of Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a research note on Friday, February 6th. Wedbush reiterated an “outperform” rating and issued a $90.00 price objective on shares of Fortinet in a research note on Friday, February 6th. TD Cowen raised Fortinet from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, January 23rd. Finally, UBS Group restated a “neutral” rating and set a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fortinet currently has a consensus rating of “Hold” and a consensus target price of $89.07.

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.