Tempo Wealth LLC Buys New Shares in Fortinet, Inc. $FTNT

Tempo Wealth LLC purchased a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) in the 4th quarter, Holdings Channel reports. The firm purchased 7,102 shares of the software maker’s stock, valued at approximately $564,000.

A number of other large investors also recently bought and sold shares of the stock. Pinnacle Holdings LLC acquired a new stake in Fortinet during the third quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in shares of Fortinet in the 3rd quarter valued at about $25,000. Wexford Capital LP acquired a new position in shares of Fortinet in the 3rd quarter valued at about $25,000. Palisade Asset Management LLC purchased a new stake in shares of Fortinet during the 3rd quarter worth about $28,000. Finally, Elyxium Wealth LLC acquired a new stake in Fortinet during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Buying and Selling

In other Fortinet news, VP Michael Xie sold 3,907 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total value of $572,141.08. Following the transaction, the vice president owned 9,923,610 shares in the company, valued at $1,453,213,448.40. The trade was a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 160,632 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at approximately $7,711,717,915.76. The trade was a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 318,387 shares of company stock valued at $43,403,063 in the last quarter. Company insiders own 17.60% of the company’s stock.

Fortinet Stock Up 0.4%

NASDAQ FTNT opened at $144.73 on Friday. 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 fifty-two week low of $70.12 and a fifty-two week high of $150.07. The business has a 50 day moving average price of $114.89 and a two-hundred day moving average price of $93.01. The stock has a market cap of $106.04 billion, a PE ratio of 55.88, a P/E/G ratio of 3.95 and a beta of 1.11.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data 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. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The business’s quarterly revenue 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. As a group, sell-side analysts predict that Fortinet, Inc. will post 2.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on FTNT. Royal Bank Of Canada restated a “sector perform” rating and issued a $107.00 price target (up from $90.00) on shares of Fortinet in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $87.00 target price on shares of Fortinet in a research note on Tuesday, April 21st. Morgan Stanley restated an “underweight” rating and set a $80.00 target price on shares of Fortinet in a report on Thursday, May 7th. Finally, UBS Group upped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fortinet has a consensus rating of “Hold” and an average target price of $107.77.

Fortinet 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.