16,125 Shares in Fortinet, Inc. $FTNT Purchased by KLCM Advisors Inc.

KLCM Advisors Inc. acquired a new stake in Fortinet, Inc. (NASDAQ:FTNT) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 16,125 shares of the software maker’s stock, valued at approximately $1,356,000.

Several other hedge funds have also recently added to or reduced their stakes in FTNT. L2 Asset Management LLC lifted its holdings in shares of Fortinet by 5.1% in the second quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock valued at $301,000 after purchasing an additional 137 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Fortinet by 40.6% during the third quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock worth $40,000 after purchasing an additional 139 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Fortinet by 11.4% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,410 shares of the software maker’s stock valued at $149,000 after buying an additional 144 shares during the period. Fiduciary Alliance LLC grew its holdings in Fortinet by 3.0% in the third quarter. Fiduciary Alliance LLC now owns 5,093 shares of the software maker’s stock valued at $428,000 after purchasing an additional 147 shares during the period. Finally, Empirical Finance LLC grew its stake in shares of Fortinet by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 21,936 shares of the software maker’s stock valued at $2,319,000 after buying an additional 148 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $83.48 on Thursday. 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 1-year low of $70.12 and a 1-year high of $109.33. The company has a market capitalization of $61.77 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.91 and a beta of 1.05. The business has a 50-day moving average of $80.45 and a 200-day moving average of $81.60.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $1.91 billion for 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 company’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $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. On average, equities analysts anticipate that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FTNT has been the topic of several research reports. Evercore set a $80.00 target price on Fortinet in a research report on Friday, February 6th. Sanford C. Bernstein restated a “market perform” rating and set a $83.00 price target on shares of Fortinet in a research note on Friday, February 6th. Daiwa Securities Group downgraded Fortinet from an “outperform” rating to a “neutral” rating and set a $86.00 price objective on the stock. in a report on Wednesday, November 12th. TD Cowen raised Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Friday, January 23rd. Finally, BMO Capital Markets boosted their target price on Fortinet from $90.00 to $95.00 and gave the stock a “market perform” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.62.

Insider Buying and Selling

In other news, VP Michael Xie sold 343,106 shares of Fortinet 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 sale, the vice president owned 10,210,282 shares in the company, valued at $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 approximately $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 17.20% of the company’s stock.

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.