3,869 Shares in Fortinet, Inc. $FTNT Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,869 shares of the software maker’s stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Forsta AP Fonden boosted its holdings in Fortinet by 34.3% in the fourth quarter. Forsta AP Fonden now owns 313,900 shares of the software maker’s stock valued at $24,927,000 after purchasing an additional 80,200 shares in the last quarter. Norges Bank acquired a new position in Fortinet in the fourth quarter valued at $1,152,917,000. Eurizon SLJ Capital Ltd acquired a new position in Fortinet in the fourth quarter valued at $1,744,000. Eurizon Capital SGR S.p.A. acquired a new position in Fortinet in the fourth quarter valued at $14,638,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in Fortinet in the fourth quarter valued at $4,879,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Fortinet Stock Performance

NASDAQ FTNT opened at $137.97 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $138.11. The business’s 50-day moving average price is $96.96 and its 200 day moving average price is $86.65. The firm has a market cap of $101.08 billion, a P/E ratio of 53.27, a P/E/G ratio of 3.80 and a beta of 1.11.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. 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 research analysts expect that Fortinet, Inc. will post 2.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $107.00 price objective (up from $90.00) on shares of Fortinet in a research note on Thursday, May 7th. Citigroup raised their target price on shares of Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Freedom Capital lowered shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. UBS Group raised their target price on shares of Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Mizuho raised their target price on shares of Fortinet from $70.00 to $86.00 and gave the stock an “underperform” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-four have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $102.69.

Insider Buying and Selling

In related news, VP Michael Xie sold 2,478 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $88.89, for a total transaction of $220,269.42. Following the completion of the sale, the vice president directly owned 9,927,517 shares of the company’s stock, valued at $882,456,986.13. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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, CEO Ken Xie sold 5,355 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $88.90, for a total transaction of $476,059.50. Following the completion of the sale, the chief executive officer owned 52,978,004 shares of the company’s stock, valued at approximately $4,709,744,555.60. The trade was a 0.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 153,848 shares of company stock valued at $19,446,115 over the last three months. 17.60% of the stock is currently owned by company insiders.

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.