Focus Partners Advisor Solutions LLC Grows Position in Fortinet, Inc. $FTNT

Focus Partners Advisor Solutions LLC boosted its stake in Fortinet, Inc. (NASDAQ:FTNT) by 36.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,889 shares of the software maker’s stock after buying an additional 9,110 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Fortinet were worth $2,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FTNT. Norges Bank purchased a new stake in Fortinet in the 4th quarter valued at $1,152,917,000. Vanguard Group Inc. raised its stake in shares of Fortinet by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock worth $6,354,874,000 after purchasing an additional 2,894,355 shares during the period. Van ECK Associates Corp raised its stake in shares of Fortinet by 62.1% during the 3rd quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker’s stock worth $467,868,000 after purchasing an additional 2,132,109 shares during the period. First Trust Advisors LP raised its stake in shares of Fortinet by 30.9% during the 3rd quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock worth $636,962,000 after purchasing an additional 1,790,033 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Fortinet by 17.0% during the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock worth $909,453,000 after purchasing an additional 1,568,337 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. TD Cowen reiterated a “buy” rating and set a $160.00 target price (up from $125.00) on shares of Fortinet in a research note on Monday. Stifel Nicolaus set a $85.00 target price on Fortinet in a research note on Wednesday, March 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $87.00 target price on shares of Fortinet in a research note on Tuesday, April 21st. Compass Point set a $100.00 target price on Fortinet in a research note on Monday, May 4th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $70.00 target price (up from $64.00) on shares of Fortinet in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Fortinet has a consensus rating of “Hold” and an average price target of $106.43.

Fortinet Stock Up 0.4%

FTNT stock opened at $138.88 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $101.75 billion, a PE ratio of 53.62, a PEG ratio of 3.79 and a beta of 1.11. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $150.07. The stock has a 50-day simple moving average of $107.23 and a two-hundred day simple moving average of $90.23.

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

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the completion of the transaction, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at $7,711,717,915.76. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of Fortinet stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $128.41, for a total value of $18,749,786.15. Following the transaction, the chief operating officer directly owned 94,724 shares of the company’s stock, valued at $12,163,508.84. The trade was a 60.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 318,387 shares of company stock valued at $43,403,063 in the last quarter. 17.60% of the stock is currently owned by corporate insiders.

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.