Fortinet, Inc. $FTNT Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. reduced its position in Fortinet, Inc. (NASDAQ:FTNT) by 60.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,476 shares of the software maker’s stock after selling 12,745 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Fortinet were worth $671,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Pinnacle Holdings LLC purchased a new position in Fortinet in the 3rd quarter valued at approximately $25,000. Steigerwald Gordon & Koch Inc. purchased a new position in Fortinet in the 3rd quarter valued at approximately $25,000. Ameriflex Group Inc. purchased a new position in Fortinet in the 3rd quarter valued at approximately $25,000. Wexford Capital LP purchased a new position in Fortinet in the 3rd quarter valued at approximately $25,000. Finally, Palisade Asset Management LLC purchased a new position in Fortinet in the 3rd quarter valued at approximately $28,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Fortinet Stock Performance

Shares of FTNT opened at $89.95 on Thursday. The stock has a 50 day moving average price of $82.32 and a 200 day moving average price of $81.81. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $65.85 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 3.08 and a beta of 0.92. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $108.77.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 earnings per share. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Research analysts predict that Fortinet, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Fortinet news, CEO Ken Xie sold 5,355 shares of the business’s stock in a transaction that occurred 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 owned 52,978,004 shares in the company, valued at approximately $4,709,744,555.60. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 2,478 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the completion of the sale, the vice president owned 9,927,517 shares of the company’s stock, valued at approximately $882,456,986.13. This represents a 0.02% 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. 17.20% of the stock is currently owned by insiders.

Key Headlines Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q1 beat and upgraded guidance — Fortinet reported $0.82 EPS vs. $0.61 expected and $1.85B revenue vs. $1.73B expected; management raised Q2 EPS and FY‑2026 EPS and revenue guidance, providing a clear catalyst for near‑term upside. Fortinet Reports Strong First Quarter 2026 Financial Results
• Positive Sentiment: Operational strength — Revenue +20% YoY, product revenue +41%, billings +31%, and record operating/free cash flow, which support margins and long‑term SaaS/recurring revenue durability. Q1 Press Release / Slide Deck
• Positive Sentiment: Analyst support — BMO lifted its price target to $100 (market‑perform), backing the stock’s upside narrative and may attract buy‑side flows. BMO Capital Markets Issues Positive Forecast for Fortinet (NASDAQ:FTNT) Stock Price
• Positive Sentiment: Product news: FortiGate G series launch — New ASIC‑accelerated appliances positioned to secure AI workloads, reinforcing Fortinet’s product leadership in a growing AI/security spending cycle. Fortinet Expands FortiGate G Series
• Neutral Sentiment: Insider sales disclosed — CEO and VP sold shares under pre‑arranged 10b5‑1 plans to cover taxes on vested awards; routine but can be perceived as liquidity. SEC Form 4 — Insider Sales
• Neutral Sentiment: Analyst mix — Several firms maintain neutral/hold ratings and divergent price targets, so further upside may depend on sustained execution vs. raised guidance. MarketBeat Analyst Notes
• Negative Sentiment: Institutional trimming and downgrade risk — Some large holders have trimmed positions and there remain sell/hold ratings that could limit momentum if upcoming quarters slow. QuiverQuant — Positioning & Institutional Moves

Wall Street Analysts Forecast Growth

Several brokerages have commented on FTNT. Wedbush reissued an “outperform” rating and issued a $90.00 price target on shares of Fortinet in a research report on Friday, February 6th. Evercore set a $80.00 price target on shares of Fortinet in a research report on Friday, February 6th. Sanford C. Bernstein reissued a “market perform” rating and set a $83.00 price objective on shares of Fortinet in a research report on Friday, February 6th. Wells Fargo & Company assumed coverage on Fortinet in a research report on Tuesday, March 3rd. They set an “underweight” rating and a $64.00 price objective for the company. Finally, Rosenblatt Securities boosted their price objective on Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-one have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $88.38.

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.