Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 9,377 Shares of Fortinet, Inc. $FTNT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 6.0% in the fourth quarter, Holdings Channel reports. The firm owned 147,030 shares of the software maker’s stock after selling 9,377 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fortinet were worth $11,676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Gulf International Bank UK Ltd increased its holdings in shares of Fortinet by 0.6% in the 4th quarter. Gulf International Bank UK Ltd now owns 32,969 shares of the software maker’s stock worth $2,618,000 after purchasing an additional 200 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in shares of Fortinet in the 4th quarter worth $476,000. Catalyst Capital Advisors LLC increased its holdings in shares of Fortinet by 2.0% in the 4th quarter. Catalyst Capital Advisors LLC now owns 6,459 shares of the software maker’s stock worth $513,000 after purchasing an additional 128 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of Fortinet in the 4th quarter worth $307,000. Finally, Forsta AP Fonden increased its holdings in shares of Fortinet by 34.3% in the 4th quarter. Forsta AP Fonden now owns 313,900 shares of the software maker’s stock worth $24,927,000 after purchasing an additional 80,200 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

Fortinet Price Performance

Shares of Fortinet stock opened at $147.14 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $107.80 billion, a price-to-earnings ratio of 56.81, a PEG ratio of 3.80 and a beta of 1.11. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $147.49. The stock’s 50-day simple moving average is $98.25 and its 200-day simple moving average is $87.10.

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

Wall Street Analyst Weigh In

FTNT has been the subject of a number of research analyst reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $83.00 target price on shares of Fortinet in a report on Friday, February 6th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Fortinet in a report on Friday, February 6th. Piper Sandler lifted their price objective on Fortinet from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Susquehanna lifted their price objective on Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Fortinet from $73.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-four have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $102.69.

Insider Buying and Selling

In related news, CEO Ken Xie sold 5,355 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $88.90, for a total value of $476,059.50. Following the sale, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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, COO John Whittle sold 146,015 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $128.41, for a total value of $18,749,786.15. Following the completion of the sale, the chief operating officer owned 94,724 shares in the company, valued at $12,163,508.84. This represents a 60.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 153,848 shares of company stock worth $19,446,115. Corporate insiders own 17.60% of the company’s stock.

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.