Integrated Advisors Network LLC Has $8.35 Million Stock Holdings in Fortinet, Inc. $FTNT

Integrated Advisors Network LLC grew its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,298 shares of the software maker’s stock after purchasing an additional 18,118 shares during the period. Integrated Advisors Network LLC’s holdings in Fortinet were worth $8,349,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Fortinet by 2.2% during the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after buying an additional 221 shares in the last quarter. Bison Wealth LLC purchased a new position in shares of Fortinet in the fourth quarter worth approximately $585,000. Envestnet Asset Management Inc. raised its holdings in shares of Fortinet by 7.3% during the second quarter. Envestnet Asset Management Inc. now owns 648,605 shares of the software maker’s stock valued at $68,566,000 after acquiring an additional 44,216 shares during the period. Brookwood Investment Group LLC purchased a new stake in shares of Fortinet in the 2nd quarter valued at approximately $211,000. Finally, Quaker Wealth Management LLC lifted its position in shares of Fortinet by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 363 shares of the software maker’s stock valued at $38,000 after acquiring an additional 726 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Oppenheimer reissued a “market perform” rating on shares of Fortinet in a research note on Friday, January 23rd. BMO Capital Markets lifted their price target on Fortinet from $90.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, February 9th. Rosenblatt Securities upped their price target on Fortinet from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Freedom Capital lowered Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, HSBC cut Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $89.42.

Insider Buying and Selling

In other news, VP Michael Xie sold 343,106 shares of the firm’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 $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ken Xie sold 175,737 shares of Fortinet 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 sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by insiders.

Fortinet Stock Performance

Shares of NASDAQ FTNT opened at $79.20 on Friday. The business’s 50-day moving average price is $80.17 and its two-hundred day moving average price is $81.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. Fortinet, Inc. has a one year low of $70.12 and a one year high of $111.31. The company has a market capitalization of $58.90 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.67 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

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.