3,757 Shares of Fortinet, Inc. $FTNT Bought by National Wealth Management Group LLC

National Wealth Management Group LLC purchased a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,757 shares of the software maker’s stock, valued at approximately $672,000.

A number of other hedge funds have also made changes to their positions in the stock. Physician Wealth Advisors Inc. increased its position in shares of Fortinet by 408.3% in the 1st quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock worth $25,000 after purchasing an additional 245 shares during the last quarter. Dunhill Financial LLC bought a new position in shares of Fortinet during the second quarter worth about $25,000. Burk Holdings LLC bought a new position in shares of Fortinet during the second quarter worth about $25,000. Cornerstone Financial Management LLC lifted its position in shares of Fortinet by 102.5% during the second quarter. Cornerstone Financial Management LLC now owns 164 shares of the software maker’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Finally, Timbuktu Capital Management LLC acquired a new position in Fortinet in the second quarter worth about $31,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Price Performance

Shares of NASDAQ:FTNT opened at $183.33 on Tuesday. The company has a market cap of $134.51 billion, a PE ratio of 64.55, a P/E/G ratio of 3.36 and a beta of 1.03. Fortinet, Inc. has a fifty-two week low of $73.55 and a fifty-two week high of $197.13. The firm has a 50-day simple moving average of $171.01 and a 200 day simple moving average of $126.69. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32.

Fortinet (NASDAQ:FTNT) last issued its earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share (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 firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the company posted $0.64 earnings per share. Fortinet’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. On average, sell-side analysts anticipate that Fortinet, Inc. will post 3.10 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FTNT. Roth Capital boosted their price objective on Fortinet from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Truist Financial set a $200.00 target price on Fortinet and gave the stock a “buy” rating in a report on Tuesday, October 20th. HC Wainwright reiterated a “buy” rating on shares of Fortinet in a research report on Thursday, July 30th. Evercore set a $165.00 price target on Fortinet in a report on Thursday, July 30th. Finally, Wolfe Research set a $175.00 price target on Fortinet in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $162.36.

Insider Activity

In related news, CEO Ken Xie sold 161,482 shares of the firm’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 value of $26,266,662.12. Following the sale, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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, VP Michael Xie sold 3,121 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $162.63, for a total value of $507,568.23. Following the transaction, the vice president owned 9,918,360 shares of the company’s stock, valued at $1,613,022,886.80. This represents a 0.03% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders sold 221,303 shares of company stock valued at $36,164,034. 17.60% of the stock is currently owned by insiders.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet announced the FortiGuard Inline AI Security Service, a cloud-delivered offering that provides AI-specific inspection and guardrails for FortiGate firewalls. The product strengthens Fortinet’s positioning in the rapidly growing AI-security market and could support additional recurring revenue. Fortinet Expands AI Security with the FortiGuard Inline AI Security Service
• Positive Sentiment: Analyst support has improved, including a JPMorgan price-target increase and a recently reported analyst upgrade. These actions likely contributed to Fortinet’s recent share-price strength and improved investor sentiment. Fortinet Stock Gets Price Target Bump from JPMorgan Chase & Co. Fortinet Stock Jumps After Analyst Upgrade
• Positive Sentiment: Broader demand for AI-powered cybersecurity is rising as companies face more sophisticated digital threats. Fortinet is being highlighted among potential beneficiaries, supporting the sector’s investment narrative. Top AI-Powered Cybersecurity Stocks to Buy as Digital Threats Rise
• Neutral Sentiment: Fortinet approaches third-quarter earnings with demand for SASE firewall products, AI-security expansion and share repurchases as potential positives. At the same time, investors are watching for margin pressure and whether its elevated valuation is justified. Fortinet Stock Before Q3 Earnings
• Negative Sentiment: Some Wall Street brokerages maintain a “Hold” rating, signaling that analysts see limited near-term upside after the recent rally. Fortinet also trades at a demanding earnings multiple, increasing sensitivity to an earnings or guidance miss. Fortinet Stock Rated Hold by Wall Street Brokerages

About Fortinet

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.