Fortinet, Inc. (NASDAQ:FTNT – Get Free Report) CEO Ken Xie sold 5,355 shares of Fortinet stock in a transaction on Monday, May 4th. The stock was sold at an average price of $88.90, for a total value of $476,059.50. Following the completion of the sale, the chief executive officer directly owned 52,978,004 shares of the company’s stock, valued at $4,709,744,555.60. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.
Fortinet Stock Up 0.8%
Fortinet stock opened at $89.92 on Wednesday. Fortinet, Inc. has a one year low of $70.12 and a one year high of $108.77. The stock has a fifty day moving average of $82.03 and a 200 day moving average of $81.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The stock has a market cap of $65.83 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 3.06 and a beta of 0.92.
Fortinet (NASDAQ:FTNT – Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, sell-side analysts predict that Fortinet, Inc. will post 2.63 EPS for the current year.
Hedge Funds Weigh In On Fortinet
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $90.00 target price on shares of Fortinet in a report on Friday, February 6th. Mizuho cut their price objective on shares of Fortinet from $74.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Scotiabank lowered Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a research note on Monday, February 2nd. JPMorgan Chase & Co. raised their target price on Fortinet from $72.00 to $73.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. Finally, Freedom Capital downgraded Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-one have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.38.
Check Out Our Latest Stock Analysis on FTNT
Fortinet News Summary
Here are the key news stories impacting Fortinet this week:
- Positive Sentiment: BMO Capital Markets raised its price target to $100 and kept a market‑perform view, which supports near‑term upside expectations and may attract buy-side interest. BMO Capital Markets Issues Positive Forecast for Fortinet (NASDAQ:FTNT) Stock Price
- Positive Sentiment: Investors appear to be positioning ahead of Fortinet’s Q1 earnings and responding to recent company security updates (FortiGuard report, WEF participation), which has driven momentum and contributed to higher intraday flows. Fortinet jumps 3% as investors position for upcoming earnings and recent security-focused updates
- Positive Sentiment: Strength in the cyber security sector (e.g., CrowdStrike’s recent strong run tied to AI-driven demand) is a positive tailwind for Fortinet’s valuation and demand narrative. CrowdStrike Stock Rises 19% in 3 Months: Time to Hold or Book Profits?
- Neutral Sentiment: CEO Ken Xie sold 5,355 shares and VP Michael Xie sold 2,478 shares under pre‑arranged Rule 10b5‑1 plans to cover tax withholding on vested awards — these filings are expected and not an operational red flag, but may be interpreted by some as insider liquidity. SEC Form 4 — Ken Xie sale disclosure
- Neutral Sentiment: Several earnings previews and analyst notes frame Q1 as steady growth with strong SASE momentum but macro risks, so Q1 results/guidance will be the immediate catalyst. Fortinet Set to Report Q1 Earnings: What’s in Store for the Stock?
- Negative Sentiment: Institutional portfolio moves show notable trimming by large holders (e.g., UBS, Morgan Stanley reductions) and a mix of analyst downgrades/low price targets remain in the background, which could limit upside if earnings disappoint. Fortinet jumps 3% as investors position for upcoming earnings and recent security-focused updates
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.
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